Loss Leader
September 29th, 2008 by David NicholasLearning from Harvey Norman
Many major chains - Harvey Norman, Woolworths, Bunnings, Coles etc - use the Loss Leader system. Sell a popular item at a heavily discounted price - perhaps less than cost - to get the customers into the store. They might lose money on the one item, but the increased sales all around the store more than make up for it.
Our leaders at Toastmasters International have been doing some strategic thinking. They have come up with a brilliant loss leader.
Below Cost!!!
Your Second DTM
Unbelievable Value - While Stocks Last
Yes, its true. A second and subsequent DTM has just had its cost heavily slashed. Amazingly reduced. Compare these 2 tables for last year and this year.
Second and Subsequent DTM Requirements
| Award | Required Last Year | Required This Year |
| CC | 10 speeches | Not required |
| ACB | 10 speeches | Not required |
| ACS | 10 speeches 2 minor workshops |
Not required |
| ACG | 10 speeches 1 major workshop |
10 speeches 1 major workshop |
| CL | 10 projects | Not required |
| ALB | Club Officer Attend Officer Training 2 minor workshops |
Not required |
| ALS | High Performance Leader District Officer Club Founder/Mentor/Coach |
High Performance Leader District Officer Club Founder/Mentor/Coach |
Look at the discount!! This year’s Second DTM “saves” 30 speeches, 10 CL projects, a Club Officer role and 4 minor workshops. Unbelievable value.
But it makes good sense
Our leaders at Toastmasters International have a strategy. They know that long term experienced leaders are an asset to our organization, and they want us to continue working productively for the organization. Giving a lot of speeches?? Come off it! Serving as District Officer? Yes! Founding new clubs? Yes! Yes!! Yes!!!
Second DTMs have not been popular
Look at the record of current District 73 members - only 5 multiple DTMs - Anna Riggs in South Australia, Vivienne Triplett in Victoria and 3 from Western Australia, all from the same club - Victoria Quay - Glenis Nicholas, Alan Smith and me. Second DTMs have not been the flavour of the month in District 73 - or the year - or the decade. But that is about to change. I know 3 members in WA who already have the requirements for their second DTM under the new conditions. And there will be others in South Australia, Victoria and Tasmania.
Is this a dumbing down of the requirements?
No, it isn’t. This is a powerful strategic move to attract experienced, skilled Toastmasters into the ranks of those who focus their experience and skill into repeated District Officer roles and even more importantly, into the founding of new clubs. All States and Divisions will benefit from this activity and in particular Western Australia, as we work towards setting up our own District.
First get your first DTM
That’s the catch! To take advantage of the Sale of the Century, with its unbelievable discounts and never to be repeated DTM bargains, you need the first one at full price. Buy one and get a second at less than half the price!! Come in now. Beat the rush!
David Nicholas DTM (5 times at the old price)
WA New Clubs Coordinator








