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Flip the Script! Have Customers Chase You!

Mar 2
2 min read

Title: Oversubscribed: How to Get People Lining Up to Do Business with You

 

Author: Daniel Priestley


Reviewer: Richard Sesek (educator, wantrepreneur)


Amazon Affiliate Link (I get a small commission at no cost to you)

 

Topic/Intent of book: This book explains how businesses can create more demand than supply by designing for scarcity, building anticipation, and cultivating loyal audiences. The loyalty and devotion of your audience is often more important than its size. Priestley outlines why having more interested buyers than available capacity (aka, “oversubscription”) is a strategy for increasing value, profitability, and sustainability. The intent is to show leaders and entrepreneurs how to shift from chasing customers to having customers chase them. The book justifies its hypothesis with references to market, psychology, and brand positioning principles.


I selected this book because: I was intrigued by the book’s title and premise. I am interested in entrepreneurial ventures where the intent is not necessarily to scale to largest size possible, but rather provide high value to a subset of “super customers.”


Recommendation: Yes. This book is valuable for leaders, entrepreneurs, educators, and professionals seeking to cultivate stronger demand and improve strategic communication. The concepts apply to businesses of any size. There are plenty of real‑world examples along with actionable advice.


Major lessons from this book: The basic economics of supply and demand tell us that high demand and limited supply increase perceived value. Differentiation from others as with niche offerings can reduce competition and increase customer loyalty. There are four drivers of market imbalance: innovation, relationships, convenience, and price. It you can excel in any one of these areas, you can create oversubscription (more willing buyers than available product/service). Be “remarkable!” Products and services that stand out attract the enthusiastic supporters.


Book Inspirations: This book encouraged me to consider the potential advantages of strategic scarcity, storytelling, and cultivating communities rather than simply marketing to broad audiences. The ideas translate well to academic program development, including marketing of such programs, and organizational strategy. People desire what is scarce, exclusive, or in high demand. Whenever possible, create demand before releasing supply. To the extent possible, control or shape your own markets rather than competing in crowded ones. As a safety and health researcher, I want my research to be applied and make the world a better place.

 

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