The “Parking Lot Principle” - How One Empty Space Made Millions

The “Parking Lot Principle” - How One Empty Space Made Millions

10 months ago
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248 words

In the 1980s, a small shopping center outside Dallas was struggling.Great location. Great stores.But no customers.

They hired consultants, spent thousands on billboards, radio ads …nothing worked.Then one day, a retired marketing professor visited the plaza.

He looked around for 10 minutes, pointed at the parking lot, and said:“That’s your problem.”The owner was confused.“The parking lot? It’s spotless!”The professor nodded.“Exactly.

It’s too empty.

People assume nothing’s happening here.”So he gave one simple, almost ridiculous idea:Hire ten...

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The “Parking Lot Principle” - How One Empty Space Made Millions | Soma Stories