PUBLICITY THAT BEATS COMPETITION 169
mean more complete stocks and better advertising, we right
the failure to sell, we atiain the required volume of annual
sales, and solve the whole problem along with it.
This does not, of courseggnean that we can use a formula
to determine how much advertising we must do under the
Model Stock Plan to attain a given volume, but there must
be enough effective advertising to turn complete stocks a
profitable number of times. This figure must vary with the
individual business, with the line of business, with the
strength of the local and neighboring competition, with our
own store’s relative standing in our city or town. In advance
we can feel sure of just one set of facts:
1. Under the Model Stock Plan our advertising will be
more effective than ever before, because for the first time itis
based on definite facts and standards that lead to the greatest
practically possible results from advertising.
2. Tt will be more effective than that of competitors who
are operating on opinion instead of on facts.
3. Fot the first few months after we adopt the Model
Stock Plan and go hard after a larger sales volume, our
advertising may be less effective than it will be by the time
customers have learned that every day is bargain day in
styles as well as prices all through our store.
Under the Model Stock Plan we make greater total profits
through cooperating with our customers by offering them the
goods they want at the prices they are most willing to pay.
And as we have seen, the one best way to attain the greatest
total profits and the most rapid sound growth over a period
of time is by increasing the goodwill of the public toward
aur store.
We also know that, assuming at least equally good style
and taste and general quality in our complete stock of goods,
price is the determining factor in building goodwill. People
want complete stocks of attractive merchandise to choose
from. But the greatest number of customers will not con-
tinue to trade with a store where they find they have to pay
higher—even just a little higher—for the privilege. Com-
plete stocks and good values, then, have the strongest appeal