As summer turns to fall, the world’s top marketers are turning their attention to new marketing opportunities. From food and beverage to hospitality and leisure, U.S. businesses are leaning into the autumn festivities to sell goods, services and unique brands to millions of consumers.
However, leveraging the seasons to move products is a delicate balance. Sell the upcoming season too quickly, and businesses can come across as exploitative—as if they’re jumping the gun to make a quick buck. Sell the season too late, and businesses lose out on a valuable marketing opportunity—and a whole lot of bucks.
Consider the pumpkin spice latte: Since its inception in 2003, when the Starbucks espresso beverage team created the company’s first fall drink item, Starbucks has sold hundreds of millions of “PSLs” totaling hundreds of millions of dollars. Lifetime PSL sales will soon surpass the $1 billion threshold.