Tuesday, April 24, 2018

What’s in a name?

I decided to take a break from reading about Trump’s mendacity, his venality, his dangerous lack of impulse control, his fecklessness, his recklessness, his ignorance, his paranoia, etc. etc.  And, lo and WaPo behold, there was a nicely distracting article on Trump’s merchandising deals, most of which – you will be shocked to learn – are no longer.

When The Apprentice was first on, I watched an occasional episode. In one, two teams were pitted against each other in a contest to see who could sell the most Trump bottled water.

I’ve never seen it anywhere in real life - Boston wouldn’t be the natural watering hole for anything with the Trump label on it – but apparently it’s what they put on the credenza for you if you stay at a Trump hotel.

Not clear whether there’s anyplace you can buy Trump wine around here, either. Not that you’d want to. I’ve seen the red described as “Welch’s grape juice with alcohol.” But it can be ordered online, and it’s on the menu at Trump hotels.

You can also buy Trump hats, polo shirts, glassware, teddy bears and other stuff at the Trump Store, if one were so inclined. And there is, of course, the MAGA-based store, where you can get merch like a MAGA cap (fetchingly modeled by an African American, but not the same guy who Trump pointed out at one of his rallies as “my African American over there”; must be the other one) and a cap labeled American Dreamer. Ahem.

But back in the day, there used to be a whole lot of Trump products that, while they bore the Trump name, were designed and marketed by outside parties. These entities paid Trump hefty licensing fees in hopes that this would confer luxury on their wares and pump up sales. Trump made a lot of money over the years, something that’s absolutely unfathomable to me, of course. But there is no accounting for taste.

Anyway, Trump products included:

Trump deodorant. Trump ties. Trump steaks. Trump underwear. Trump furniture. At one time, there was even a Trump-branded urine test.

Now, almost all of them are gone.

In recent weeks, only two said they are still selling Trump-branded goods. One is a Panamanian company selling Trump bed linens and home goods. The other is a Turkish company selling Trump furniture. (Source: Washington Post)

There was also Trump vodka, coffee, and pillows. (I’d have to have quaffed plenty of that vodka to lay me down to sleep on Trump linens on a Trump pillow, that’s for sure.)

Oh, some of the stuff is still out there on discount web sites. Trump deodorant – “EMPIRE’s confident stride begins with crisp notes of peppermint, rich chai accord and a hint of juicy apple. It’s addictive aroma continues to unfold into the heart of the fragrance with a masculine blend of orange flower and jasmine that mingles with exotic tonka bean. Veiled beneath the elegance and structure, is an all-enveloping warmth and charm accentuated by elements of rich amber and seductive musk” – can be had at $2.99, marked down from $14.

Of course, in real life the fragrance would be part Big Mac, part bile.

Anyway, even though I don’t think a penny of that $2.99 would accrue to Trump – I’m sure he made his on this years ago – and I do think that something like this would make an excellent Yankee Swap gift, I’ll take a pass. (I already have my 2018 Yankee Swap, by the way…)

Trump steaks are long gone – Sharper Image 86’d them in 2007 because they weren’t selling. Too much fat? Whiff of BS?

As for the Trump urine test... The test – based on junk science, as it not surprisingly turns out – was used to determine which Trump nutritional supplements/vitamins you needed. These were available through a multi-level marketing scheme that went bust in 2012, after a whole bunch of folks – perhaps grads of Trump University? – had lost money buying their sales kits.

All I can say is that, if the Steele Dossier pans out, the urine test could sure make a comeback.

Of the few products that licensed the Trump name that are still on the market, the furniture doesn’t actually promote the Trump name anymore.Trump_About_6 I took a look at it, and most of it was not to my liking. This chair looks like something that Superman’s father, Jor-El might have had in his living room on Krypton.

And it’s not gold, so how would the purchaser know it had anything to do with Trump?

Not that slapping your name on stuff didn’t make a lot of sense, and bring in a lot of revenue at one point in time

During the high times of The Apprentice, a Trump men’s clothing line – even one that featured sack suits and overlong ties – sold at Macy’s would certainly have held appeal to some folks.

Overall,

In 2009, Trump reported that his licensing partners had sold $215 million worth of Trump-licensed goods worldwide.

Admittedly, “Trump reported” is no guarantee that this number is anything close to reality. But even if it’s off by an order of magnitude, that’s a lot of money coming in for doing nothing other than letting someone else use your name.

But the licensing revenue seems to have dwindled to $370K.

No need to shed any tears. While the licensing business may have dried up, being president comes with an upside.

…it has allowed his Mar-a-Lago Club and his D.C. hotel to mon­etize his political alliances, raking in money from evangelical Christian groups and GOP campaigns.

While Trump is highly unlikely to be the mega-billionaire he claims to be – and fear of this being confirmed is, I suspect, what’s motivating some of his paranoia about what all the investigations might reveal – he certainly has a certain feral genius for making money without doing much heavy lifting.

It helps, of course that he has a distinctive name. While it holds no cachet for me – way too Atlantic City, even if its bearer weren’t a POTUS I abhor – it’s strong, punchy, and memorable. All good things when it comes to marketing. But conferring “luxury”? I really don’t see it at all, at all. And I’m not alone.

“A caricature of what wealth is — as opposed to what real wealth is,” said Milton Pedraza, chief executive of the Luxury Institute, a consultant to luxury brands. Trump sold to those, he said, “who didn’t know the difference,” he said.

Well, that’s pretty condescending, Milton, but you did read my mind here.

Pedraza also pointed out that one of the problems with Trump’s approach was that he:

…...began to undermine his own success by “label-slapping” — sticking his name on anything he could, even the farfetched and ridiculous. Emeril Lagasse sold pots. Greg Norman sold golf shirts. Trump sold. . . everything.

“There was no strategy,” Pedraza said.

“No strategy” is starting to sound like a rather familiar refrain, isn’t it?

No comments: