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The ‘IKEA Effect:’ Behind the Company’s Unique Business Model | WSJ The Economics Of 

The Wall Street Journal
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28 авг 2024

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Комментарии : 563   
@sarahelisabeth247
@sarahelisabeth247 2 года назад
i love the maze concept. i get why it could be annoying, but it honestly just feels like an adventure. a huge factor for me is also how the rooms are the way items are displayed. i loved it when i was younger and i still love it now bc you can visualize what something will look like in real life. also, the stuffed animals are so cute!!!! idk if that’s a huge selling detail for most but oh my golly that is one of my favorites and i don’t even buy stuffed animals anymore
@Coecoo
@Coecoo 5 месяцев назад
It's honestly a pretty crippling design fault for a lot of people, especially the old or those that have any sort of hip/foot/knee disability. The shortcuts are extremely few and often don't save you that much time so even if you know what you're going to look at, you still have to walk like two football fields minimum and because the path is constantly winding, you immediately get lost and the places where there's maps are also few.
@Raiya_ru17
@Raiya_ru17 5 месяцев назад
@@CoecooIf I want to save time, I skip the showroom. I go directly to the marketplace but that’s still a long walk, too, lol. The marketplace also has shortcuts but yah know, don’t expect to be out in the counter right away.
@cameralance
@cameralance 3 года назад
Dear WSJ, please do more of these "The Economics of" videos! They are great!
@jspark8827
@jspark8827 2 года назад
200% agree !
@arvidd
@arvidd 11 месяцев назад
300% agree !
@Xhadp
@Xhadp 2 года назад
I think the secret to their success is through having cheaper products then everyone else. While they feel much cheaper than other products with a premium price tag it still holds the value you get with it. I also think that having a modernized look also helps sell their products rather than going for one specific look like rustic or antique.
@BeetMasher
@BeetMasher Год назад
they have absolutely perfected their value engineering. Yes their furniture feels cheap when you take a closer look, but it doesn't feel nearly as cheap as every other cheap furniture brand.
@sherbet3657
@sherbet3657 6 месяцев назад
@@BeetMasher Its almost like it’s cheap for high quality products or expensive for the most affordable products
@kinseylise8595
@kinseylise8595 4 месяца назад
This is how I feel. I know an Ikea item will into any room, so I can buy it with only utilitarian concerns in mind when selecting an item. The prices are better than I see elsewhere unless I am willing to go plastic. In that case Target has beaten Ikea, but then the item doesn't look or feel like furniture so it's not really the same item even though it serves the same function in my home. If I want real furniture, I can only afford to look at Ikea. Sometimes even Ikea is too much, I wonder if I'll ever have a wooden dining table with six chairs and it's kind of saddening. Those items have to be more sturdy though, so I can understand the slightly higher pricing (and still much better than their competitors).
@isaka3719
@isaka3719 3 года назад
Actually IKEA is moving away the “maze” concept. I work a at a newly built store in Sweden that instead of forcing people through a specific path has an “organized shortcut” that allows you to go to any department directly. You don’t have to go through check-out to pay, the staff carries smartphones that can be used to pay. The the warehouse is automatic, robots picks the items for you. Also, in some bigger cities IKEA has smaller inner-city stores where you can only order the items for home delivery, skipping the warehouse concept completely. While this has been the IKEA way for a long time, it might not be the future concept of IKEA.
@martu33127
@martu33127 3 года назад
Do you have any internet article talking more about this?? I'd like to know the motivations for that change and the vision the company has for the future
@isaka3719
@isaka3719 3 года назад
@@martu33127 not that I’m aware of. I work at IKEA so I guess it’s a bit of insider information 😉
@jatterhog
@jatterhog 3 года назад
Isak A vilken Ikea är det haha, låter mycket bättre än de Ikea som jag har besökt..
@debasishghoshsays
@debasishghoshsays 3 года назад
@@isaka3719 how’s work life in ikea?I heard their food is too good!
@codebrker24
@codebrker24 3 года назад
They have this now in most stores in the United States.
@sagasvensson8920
@sagasvensson8920 11 месяцев назад
As an avid ikea hopper. I'm always surprised that people get confused by the maze and most people don't know that they have built in shortcuts that lead you straight through the department store. You can clear an Ikea in under 10 minutes start to finish including picking up your item and go through the register.
@isabellaweir2763
@isabellaweir2763 11 месяцев назад
i love to sit in the little sofas and watch the drama unfold ! love the maze
@sagasvensson8920
@sagasvensson8920 11 месяцев назад
@@isabellaweir2763 Indeed, it's cheaper than a movie and you can bring snacks.
@johnmosier6899
@johnmosier6899 3 года назад
If someone ate a cake like that in front of me, I think I would go insane
@smileandlaughs
@smileandlaughs 3 года назад
Where you at? I have my cake ready.
@wonderhwu
@wonderhwu 3 года назад
He woke up and chose chaos
@powerplayer75
@powerplayer75 3 года назад
He woke up and chose cake
@HannahCoziCorner
@HannahCoziCorner 4 месяца назад
​@@smileandlaughs😂
@theIdlecrane
@theIdlecrane 3 года назад
I've built all of my kids' beds with ikea (among lots of other things), I do relish the opportunity to build something for them by hand with love. I like the new fresh cut timber smell of their product, always signifies to me a new phase in life. I own really expensive furniture, but I also love my ikea pieces in equal measure.
@andyc9902
@andyc9902 Год назад
Yeah fake manly vibes
@joemomma1414
@joemomma1414 Год назад
@@andyc9902you’re insecure
@grundeir
@grundeir 11 месяцев назад
@@andyc9902 What is wrong with you? Are you okay? Do you need someone to talk to?
@andyc9902
@andyc9902 11 месяцев назад
@@grundeir 🥲 yes
@iracingrookie3301
@iracingrookie3301 2 года назад
i know a guy who runs one of their german stores and said they even have their own forests that grow their wood, their own mills to process it and the trucks to distribute it. its probably one of the most efficient companies on earth
@alanclark8342
@alanclark8342 2 года назад
Vertical integration goes brrrr
@majkcan
@majkcan 3 года назад
What's really frustrating is saying the store size in imperial units and then converting it to football fields for the Americans.
@nam3go3sh3r3
@nam3go3sh3r3 3 года назад
It’s an American newspaper. They use imperial system and won’t change get over it.
@kage9913
@kage9913 3 года назад
u mad bro
@JackieWelles
@JackieWelles 3 года назад
At least they didnt convert it into how many African Elephants it can fit....
@grandbaycentral5741
@grandbaycentral5741 3 года назад
It is a wood jungle 😁
@janvanruth3485
@janvanruth3485 3 года назад
@@Al-Akram92 americans ALSO use imperial units? nobody else does...
@itaykatabi4764
@itaykatabi4764 3 года назад
I work at IKEA's restaurant so this hits close to home, and no, I can't navigate through IKEA without getting lost either
@itaykatabi4764
@itaykatabi4764 3 года назад
I just quit y’all
@riponrip4574
@riponrip4574 3 года назад
For some reason we can easily navigate through it, maybe Australian
@hobotify
@hobotify 2 года назад
IKEA seems to be able to read my mind. Whenever i need a new piece of furniture, i already have some sort of design in mind before even going shopping. Sometimes i even draw a CAD model. Then i go to many different furniture stores, browse online, but somehow IKEA always seems to be the closest to what i initially imagined. Just some examples: - I wanted food storage containers for my kitchen (not ikea), and they had just the right size to fill up my shelves perfectly, without gaps. - Wanted to color match my office desk and bookcases to my floor and windowsills - every other furniture store was offering a million different colors and textures, but none of them were quite right. IKEA has 4 colour optins, one of them fit perfectly. - Wanted durable, scratch-resistant dining chairs without upholstery so my kids couldn´t ruin them by scribbling on them or spilling something - IKEA again. - Now i´m looking for metal patio furniture so i would´t have to worry about oiling wood or ruining rattan, and so i could just powerwash it all when needed. Guess what, IKEA just introduced an all-aluminium patio set. Their couches and chairs are really ugly and uncomfortable though.
@SteveMorton
@SteveMorton 3 года назад
Here in France they do include maps of the departments so you can take short cuts in the store to get to the bit you want to quickly. We love it shop there quite often for things for the home.
@shippou21
@shippou21 3 года назад
Yup, it's also like that in my country. I wonder, is it really US they don't have shortcut or they don't put it in the map?
@TheMochaMonster
@TheMochaMonster 3 года назад
I can't speak for the US, might vary by location. However, in Canada the shortcuts are on the entrance map plus there are arrow signs indicating said shortcuts
@kkfoto
@kkfoto 2 года назад
US stores also show shortcuts
@moominmarco
@moominmarco Год назад
You can see the shortcuts on the map at 1:30
@isabellaweir2763
@isabellaweir2763 11 месяцев назад
here in england we can make it round a shop without a map 🙄
@darshita1270
@darshita1270 Год назад
we move to different cities every 2-3 yrs and ikea has been best for us, compact packaging, good utility and functional features and amazing quality.
@ohedd
@ohedd Год назад
Another thing IKEA does is decoy pricing. They present an item in three styles, for example; white, black, and in oak. While the white and the black appear to be of similar quality (same materials, only different paint), the one in oak appears to be more upscale. So they price it like this: White: $40 Black: $60 Oak: $65 What customers intuitively think is that the White item is an unusually good deal, or that the oak item is an unusually good deal. Or both. In reality it's just the black item that's overpriced, and it acts as a decoy to put the other two items in better light.
@armuk
@armuk Год назад
sneaky
@horaciokanashiro-hv2zn
@horaciokanashiro-hv2zn 11 месяцев назад
Excellent advice Elias! thanks, I know where it comes from; ask any man what he remembers of his ex, most probably he'll respond " when I meet her she was with her friends " 😮😅.
@trezenx
@trezenx 3 года назад
Ah yes, the american football field, a classic unit of measure.
@gketan30
@gketan30 3 года назад
lol
@lc2724
@lc2724 2 года назад
Said the same thing 😂
@balinjaw65
@balinjaw65 4 месяца назад
''ah yes'' 🤓☝
@valevisa8429
@valevisa8429 3 месяца назад
Actually as an European,i found it very helpful.
@mori2162
@mori2162 3 года назад
Ikea is like Zara, you can mix and match with your expansive goods. And never goes wrong.
@tangiblewords
@tangiblewords 11 месяцев назад
The Ikea effect is a really interesting concept to apply to businesses that don’t sell physical products. In those situations, businesses might have to find creative ways to find ways to have the “labour causes love” and to implement democratic design for B2B companies. I’m interested in how these concepts could be applied in different ways for different industries.
@geetaphuyel8150
@geetaphuyel8150 2 года назад
This is my fourth WSJ “The Economics of” video in same seating. Please keep posting these videos.
@mnalneagl7423
@mnalneagl7423 Год назад
Wish IKEA would roll back it's product design and quality the early 2000s, like the GRUNDTAL & SALTSKÄRR wall mount medicine cabinets, adjustable wall bracket shelving ANTONIUS, the grey metal framed cream colored shelve (can't remember/find the name) kitchen shelves, UDDEN/VARDE free standing kitchen cabinet system; and the "personal" drawers/files previous gen to the MOPPE currently on sale (can't find the name of these either... they were nice enough to be in Architect's offices). They HAD A LOT of really clever useful things... and now well, they just seem cheap.
@GierlangBhaktiPutra
@GierlangBhaktiPutra 2 года назад
I love the fixed path. It makes me sure that I have seen everything. Anyway I love IKEA because its a decent products with a decent price. As a person that catch allergy easily, I can easily compare that other furniture brands (in Indonesia) do not give me great experience building them.
@papihuey
@papihuey 3 года назад
I dont know why but the way IKEA organize and set up their products, it makes me wanna go around the warehouse to explore the products and it’s really fun, but i only go to IKEA like 1-2 times a year so every time it’s like a first time😂😂😂
@user-cm9fy8nq3q
@user-cm9fy8nq3q 3 года назад
Fact: The world’s largest IKEA store is opening in the Philippines 🇵🇭. Construction is still undergoing.
@iamjune8574
@iamjune8574 3 года назад
The largest? The country must have a very low wage minimum
@user-cm9fy8nq3q
@user-cm9fy8nq3q 3 года назад
@@iamjune8574 The Philippines has strong demands for furniture and hardware for home furnishing. Plus the soon-to-be world’s largest Ikea will house office spaces and storage facilities to supply neighboring countries with the Ikea brand as well. The Philippines is a key player since it will serve as a hub given that the country is located at the central south east Asia. In addition the Philippines is transitioning to an industrial country from an agricultural one. The rise of business and Condominiums across the country prompted Ikea to Invest.
@giuseppealonzo4294
@giuseppealonzo4294 3 года назад
Yup. Designed by JSLA Architects
@barnabyjones8333
@barnabyjones8333 3 года назад
The construction crew is wandering around in a maze, trying to find stuff!
@jmal
@jmal 2 года назад
@@user-cm9fy8nq3q *furniture and *hardware. Those are two examples of words that do not need to be pluralized. What's with Filipinos and their tendency to add plurals where there shouldn't be?
@user-pf7dp4sb1z
@user-pf7dp4sb1z 6 месяцев назад
From the thoughtfully placed embellishments to the flawless stitching, it's pure perfection kkuwan
@sassyscribe8642
@sassyscribe8642 Год назад
Great video! I love the cake mix egg example. I recently bought an IKEA sectional vs. an already assembled one only because the boxes could fit in my new apartment building’s tiny elevator. Thankfully, the sectional has ended up being quite comfortable.
@michaelk5094
@michaelk5094 3 года назад
Its pretty simple tbh, good products for the price, they last a long time and look nice, great customer service, clean and fun to walk around stores, and good meatballs haha.
@alrightthen7059
@alrightthen7059 Год назад
They’re products last 2-3 years tops, or one move. Most of IKEA’s furniture is flimsy particle board. It’s “fast furniture”.
@gappai
@gappai 3 года назад
I think its success is more of transportation and storage. They basically beat other manufacturers' price, even in Asian countries. And given their warranty and aesthetics, are miles better than chipboard furniture. If you want a step up from Ikea, you could only really go to solid wood, which cost way more.
@isabellaweir2763
@isabellaweir2763 11 месяцев назад
i dont really understand what your comment means? is ikea wood not solid?is asian wood more solid?
@isabellaweir2763
@isabellaweir2763 11 месяцев назад
wood comes from trees
@FinancialShinanigan
@FinancialShinanigan 3 года назад
Ah yes, I always measure using American Football Fields.
@jailonbailey2149
@jailonbailey2149 3 года назад
A man of culture I see
@balinjaw65
@balinjaw65 4 месяца назад
nerd alert
@balinjaw65
@balinjaw65 4 месяца назад
🤓👆
@TheMightyScientist
@TheMightyScientist 3 года назад
Look forward to seeing the other episodes planned, especially DJI and TSMC!
@thedownwardmachine
@thedownwardmachine 2 года назад
I'm surprised this didn't talk about Ikea's complicated corporate structure that makes it a technically non-profit entity. I think the flat packing has nothing on not paying taxes. Seems like an important aspect of its economics.
@fascinatedbyeverything
@fascinatedbyeverything 2 года назад
Ditto. I had the same thought
@tintinlointain
@tintinlointain 2 года назад
These videos seem only to state the rather obvious.
@pauldarling330
@pauldarling330 2 года назад
I had no idea. Thank you for that. Fascinating insight into how the world really works.
@ETS186
@ETS186 3 года назад
IKEA...my go to furniture store during college days. Good times.
@browncarey9411
@browncarey9411 3 года назад
Please can I invest in Bitcoin on my own, I have been practicing on my demo trading account, I don’t want to make any mistake whatsoever.
@BrettmDumas
@BrettmDumas 3 года назад
yes You can if you have fully understand the Bitcoin market.
@BrettmDumas
@BrettmDumas 3 года назад
if you haven’t I will advice you to look for a professional around your vicinity to help you understand the Bitcoin and forex market.
@josephwebb6334
@josephwebb6334 3 года назад
I’m from Belgium I have been an investor in the crypto market for over 3 years now.
@josephwebb6334
@josephwebb6334 3 года назад
Now is the greatest time to purchase and invest in Bitcoin
@codyadams5430
@codyadams5430 3 года назад
Obviously trading in Bitcoin is very volatile and risky to trade that’s the reason most traders trade with a company.
@OnilMarteNavarroza
@OnilMarteNavarroza 3 года назад
There are shortcut doors, I always use them.
@_thomas_xc
@_thomas_xc 3 года назад
I literally just went to IKEA for the first time a few days ago and I loved it !! It was so much fun !
@nissarahamed
@nissarahamed 2 года назад
The best series by WSJ. Keep doing more of these.
@codyism666
@codyism666 3 года назад
As a carpenter, its great to build your own self customized furniture. If you wanna put a what i consider "just a larger lego set together. Go for it. Its good to be independent and know how things work. Also cheaper in the long run.
@mattheweng4679
@mattheweng4679 9 месяцев назад
3:48 Ikea has been in the US for a while, there's a store in Emeryville, CA that's been open since 2000.
@CookingwithYarda
@CookingwithYarda 3 года назад
If someone paid me for all the furniture from IKEA I've build over the years, I would be a millionaire by now :-DDD
@Vidyarvind26
@Vidyarvind26 2 года назад
In India, we just call the local carpenter to come and assemble Ikea furniture pieces for a fee. When a professional carpenter assembles furniture, the chances of it wobbling or squeaking later are greatly minimised. Saves time and effort too. Not everyone is nimble with their fingers or has the time or willingness to brainstorm the assembling and reassembling of pieces till they get it right. 🙂
@m11nt
@m11nt 7 месяцев назад
culture issue
@tc3693
@tc3693 3 года назад
I will never be friends with anyone who does not share my love of IKEA
@Nellerkillerstrains
@Nellerkillerstrains 3 года назад
I hate Ikea because of my deep hatred for Sweden
@theebs1
@theebs1 3 года назад
@@Nellerkillerstrains shut up
@GrandmasterDinnerRoll
@GrandmasterDinnerRoll 3 года назад
@@Nellerkillerstrains KING
@mnf2139
@mnf2139 3 года назад
Can I be your friend
@Chakawatever
@Chakawatever 3 года назад
Have you ever walked thru ikea for hours, only to find the pieces of the items you want are Out of Stock, and you’re left with nothing but meatballs…? *reality*
@aad1709
@aad1709 3 года назад
That's what makes it so great
@arturozons151
@arturozons151 3 года назад
@@aad1709 what ??????
@linalulu5153
@linalulu5153 3 года назад
I check for availability on the website of my country. Also check the number of the shelf and where the product is and go directly to pick if I don't want to wonder around the store.
@mailtochung
@mailtochung 3 года назад
The success of IKEA is contributed by how it greatly reduce assembly cost, transportation cost, and R&D cost from the price tag. 80% of production cost is determined in R&D phase. IKEA has packing and installation in mind in the very beginning of designing the product. The result is a very compact packing. This greatly reduce transportation cost and storage cost. An assemble friendly product, so you can shift the assemble cost to the consumer. That becomes 0 in the price tag. The last, a very long lasting product. In favor of economy of scale, the production cost and R&D cost on average reduced. You can easily see some products that are 10 or even 20 years old in IKEA. And they can keep making the price lower.
@hilmir
@hilmir 3 года назад
i must be a unicorn, for i plan my items on the app, check available stocks, head straight to market hall or warehouse and grab what i need in under an hour. i never get meatballs and i never walk the showroom path....
@dta_yoon
@dta_yoon 3 года назад
Or better yet, order what you want online and just drive there to pick em up. Thats what i did to at least save on shipping fee.
@Hauketal
@Hauketal 3 года назад
Same here. When I want something from the market hall, I just enter through the checkout area and arrive immediately where I want.
@hilmir
@hilmir 3 года назад
@@dta_yoon not every country has curbside collection
@NickDodenhoff
@NickDodenhoff 3 года назад
Ouch! A lesson in stripping screws at 5:37 made my heart drop. Good video otherwise!
@mattthemk1034
@mattthemk1034 3 года назад
I was thinking the same thing! RIP the drill bit
@antonykeane5586
@antonykeane5586 3 года назад
Would love to see “the economics of DJI”! Is that dow jones index or the drone company? Noticed it teased in the intro.
@avaDesdemona
@avaDesdemona 11 месяцев назад
Well, compared to other furniture stores their layout isn't a maze at all! And if you've been to IKEA a few times, you know the layout, and you can always check the map for shortcuts. Also, you can skip the "exhibition" upstairs completely if you don't need bigger items like a couch or a kitchen! I love the ivar shelves, they've been my companions for 20+ years, through many moves, I've expanded them, split them to fit different rooms, gone from shorter sides to fit sloped ceilings to the highest sides, some old parts my kids scribbled on with markers when they were little now live in our garage, and some parts have moved out with the eldest when he moved out. I'm sad some parts aren't available anymore, but they have introduced some new things that are pretty cool, too. And the biggest plus is, they sell a variety of boxes and other storage containers that fit those shelves perfectly, while being super affordable. No other furniture shop I know has anything like it.
@michelem226
@michelem226 Год назад
My husband and move a lot, so we can't deal with heavy, fancy furniture. If our IKEA furniture gets damaged when we move, it's no big deal. Also love the unusual designs.
@nirui.o
@nirui.o 3 года назад
Levi's jeans: Shrink-to-fit IKEA jeans: Cut-to-shape
@takudzwamashamba7453
@takudzwamashamba7453 Год назад
This is grace of creativity
@vivekuhs8845
@vivekuhs8845 3 года назад
1:18 It's not a quick shopping. It's about thinking about home and how to organize it. It takes time for that. And the maze is important to make sure that you got everything needed for your home or your plan or for a piece of furniture. If you had to go to IKEA then plan 3hrs to 6hrs of shopping time. It will be worth it. You can have amazing meatballs at the end or in the middle of your shopping.
@768jefiline7
@768jefiline7 3 года назад
IKEA is not a good quality product, it came to Asia expecting us to assemble our own furniture, it does not work for us. We pay to buy, we want services.
@PaulJoshi
@PaulJoshi 3 года назад
We had a habit of just strolling through their stores and wouldn't know hours going by, even though most of the time, we don't buy anything..lol
@SpoonDono
@SpoonDono 7 месяцев назад
😬 at the screws spinning in the particle board (I get that it’s just building a prop, but just so everyone knows: it doesn’t really matter if you use a power drill even though some manuals state not to, just use it at a slow speed so you don’t tear up the particle board)
@MrBoliao98
@MrBoliao98 3 года назад
You have to use your own judgement to decide whether their products last long. Cos some stuff are really good, especially their tables.
@creamyspinach8951
@creamyspinach8951 3 года назад
ive had a ikea desk for 12 years, its still holding strong lol
@oslowcloud
@oslowcloud 3 года назад
Yeah you can't get everything but if you spend a little more you can definitely get the longevity
@MrBoliao98
@MrBoliao98 3 года назад
@@oslowcloud you judge the quality to think about the longevity
@johntaylorjr4344
@johntaylorjr4344 10 месяцев назад
I know my apartment is full of Ikea stuff. And I love how they relatively inexpensively have the option of having your furniture assembled professionally.
@ThorneyPolitics
@ThorneyPolitics 3 года назад
Interesting to note that IKEA shut down one of its trail inner-city stores in Coventry, UK because it didn't really work with the odd floor plan and a city centre location.
@isabellaweir2763
@isabellaweir2763 11 месяцев назад
thats because coventry is horrible :(
@quickcooking2795
@quickcooking2795 3 года назад
It's still relatively expensive in my country compare to local product which cheaper and much better material. I built like 6 times cheaper a kitchen set using better material (solid wood) than ikea used. It's good design though.
@opuntian
@opuntian 3 года назад
Same here in India.
@kkfoto
@kkfoto 2 года назад
Perhaps that's the reason why there are no IKEA stores in many places like Africa and Latin America
@vincidelfin
@vincidelfin 2 года назад
It’s not just Ikea who designs its space layout to make people buy more. Unconsciously, grocery stores are also designed to make you buy more than just what you just just intend to buy in the first place. It’s all marketing!
@tangotangoh
@tangotangoh 10 месяцев назад
Glad they included shortcuts for regular customers who just want specific things.
@yalilu7804
@yalilu7804 3 года назад
In IKEA China stores, signs for shortcuts are well displayed. There is even one from entrance to exit directly.😂
@HrHaakon
@HrHaakon 9 месяцев назад
I mean, you don't have to go throught the maze. Taking the ones I know of (Two in Oslo, one in Bergen), you can skip quite a lot: - There are the normal shortcuts that cuts through a lot. - You can go from the entrance up the stairs and right by is the cafeteria - You can go straight from the cafeteria to the 1st floor. - You can go straight from the first floor "entrance" to the warehouse section. - You can go straight from the entrance to the first floor "entrance". + The usual shortcuts shown on the map. So if you go there a bit more often than once in a while, you can get where you want to go rather fast.
@person880
@person880 4 месяца назад
OK, but I would say the fact that most people can transport the furniture themselves, the fact that the furniture is generally much lighter than others, and the fact that most of the furniture can typically be disassembled without damage all mean that people will be more likely to buy something that doesn't require several people for transport and can be moved to another residence easily. The price is also nice.
@sharifsircar
@sharifsircar 9 месяцев назад
I don't know why everyone leaves this out but for people who go there frequently, there are detours all over the store, if you know the map, you don't have to go through everything
@Gibmeprimogemss
@Gibmeprimogemss Год назад
People don’t like the “maze” concept of ikea but I love it! Its really fun for me to go through all the sections
@nt3chabmok129
@nt3chabmok129 Год назад
the moroccan sahara anmi
@kanishka_malviya
@kanishka_malviya 6 месяцев назад
Labour leads to love - IKEA
@lampshade5449
@lampshade5449 3 года назад
I imagine ikea’s furniture assembling itself in the future. With all these new tech and robotics seems pretty possible.
@ThomasThomas-xi1ib
@ThomasThomas-xi1ib 3 года назад
Love this series!!
@himanshusingh-qg2su
@himanshusingh-qg2su 3 года назад
Thanks for including football fields as a measuring unit. 😇
@TheDaus84
@TheDaus84 3 года назад
One my stress therapy place 😊
@santiagorf77
@santiagorf77 3 года назад
This episode was brought to you by...
@ollyver27
@ollyver27 5 месяцев назад
I think there could have at least been a reference to the Bauhaus here. The main concept of Bauhaus was to integrate art, craftsmanship, and technology to create functional, aesthetically pleasing designs for the masses. The precursor to Ikea's democratic design mentioned in the video.
@Whitneypyant
@Whitneypyant Год назад
The thing with building it yourself is that you can do what want you with it. I have seen so many people make bookcases built-in with the Billy bookcases. I’m not kidding.
@arielleung3917
@arielleung3917 9 месяцев назад
Even being Swedish is a marketing trick. IKEA is essentially a Dutch company.
@fascinatedbyeverything
@fascinatedbyeverything 2 года назад
They did an entire video on the Econ of IKEA and never mentioned the complicated corporate structure used to make IKEA a “non-profit” to avoid taxes?
@chasematthew6904
@chasematthew6904 2 года назад
Great! they should NOT have to pay taxes!
@gordonlevittsmith
@gordonlevittsmith 3 года назад
what a nice infomercial. i hope you got paid well to publish this.
@user-xr4gn7xc6f
@user-xr4gn7xc6f 7 месяцев назад
Ther's another key feature of the flat package, it makes transport much easier. Probably truer in Europe than te US, but in big cities, a lot of people don't have a car, regardless of income level. Only Ikea can sell you a king size bed which you can take home under your arm by bus/metro. Also applies to the people with tiny urban cars where regular furniture would never fit. I remember getting all the furniture for my first apartment in one single trip with a VW Polo.
@usualavantgasp
@usualavantgasp 3 года назад
an ikea store just freshly opened in my hometown and this video really helped me understand the hype
@aryavijaykumar4700
@aryavijaykumar4700 Год назад
Thank you all very much
@nastyaharutyunyan5956
@nastyaharutyunyan5956 9 месяцев назад
It is very interesting to explore what strategies IKEA uses to attract more customers. One thing that I did not know is their "labyrinth" complex store layout. This deliberate layout often leaves shoppers pleasantly disoriented, subtly encouraging impulse purchases. Also, they have a good pricing strategy (they use lower prices compared to its competitors). Finally, they are using flat packs, which ease the process of loading packs into vehicles. Together, these elements contribute to IKEA's success in attracting and retaining a diverse customer base.
@inigojuancarlos
@inigojuancarlos 3 года назад
I usually go to ikea to do my walk exercise. lol
@Xavier-gl3cj
@Xavier-gl3cj 3 года назад
The side effect of self assembly is that you will end up hating the company more than anything else if you mess up even 1%
@hariw834
@hariw834 3 года назад
That's a good point. However, I would hate myself rather than the company, for messing up when following a perfectly planned and well laid out set of instructions. That's the risk of self assembly. Else, you can always call their assembly service men, which most my friends do.
@rd9102
@rd9102 3 года назад
I don't go to IKEA often but when i do it's ALWAYS a pleasant experience, can't say that for a lot of places in retail...in fact only Costco is more enjoyable to me.
@reamsel
@reamsel 9 месяцев назад
As someone from Europe and with an IKEA nearby I would never ever (and have never) buy furniture that was already assembled. Doing it yourself is kind a part of the fun of buying new stuff.
@liandyyo
@liandyyo 2 года назад
Philippines already opened the world largest Ikea warehouse in the world in 2022 and its a hit!
@m.j.eriksson2673
@m.j.eriksson2673 3 года назад
Nothing gives you a sense of superiority like being Swedish and thus able to comprehend, often entirely without effort, IKEA's product names. // Det finns inget som ger samma känsla av överlägsenhet som att vara svensk och därmed kunna förstå IKEAs produktnamn, ofta utan någonsomhelst ansträngning.
@PokeObsession
@PokeObsession 3 года назад
It feels more like an ad
@kevinvarghese9919
@kevinvarghese9919 3 года назад
I have given up on shopping at Ikea.. all the stuff I assembled have something went wrong and it's frustrating.. the quality is not that great.. I would rather spend an extra 100$ and get preassembled quality furniture
@unknownanos9964
@unknownanos9964 3 года назад
Before IKEA: Whoa you're so fit, I bet you go to the gym everyday After IKEA: Whoa you're so fit, I bet you go to IKEA everyday
@horaciokanashiro-hv2zn
@horaciokanashiro-hv2zn 11 месяцев назад
2¢: Parking: expensive. Restaurant: Great, food is fresh, reasonable prices, good meal sets always. Food Store: Some stuff can be pricey but good deals are majority. Furniture & Home Accessories: The words " self assembly" sounds fun and easy...the same as dietsa at the book store, learning to play an instrument at the music store, excercise machine watching the infomercials... [ I'm a tecnical worker].
@DensDaPens
@DensDaPens 3 года назад
3:50 You better update that map WSJ coz IKEA is about to open it's largest store in the Philippines =)
@johnjohn-6256
@johnjohn-6256 3 года назад
Ikea is opening its world's biggest store in Manila this year! Hoping to get a taste of their famous Swedish meatballs
@MJamilHoque
@MJamilHoque 2 года назад
To be blunt, IKEA's target audience are: students, young people, young parents and people who want products that are easily transported. Let's not over think things.
@m_affiliates
@m_affiliates 10 месяцев назад
Don't forget that IKEA also sells both food and plushies which is a big win in my book
@drewh3224
@drewh3224 3 года назад
I stopped going to Ikea. It stuffs never last. 4 years? Yes, it is cheap. But my Ikea bed, love seats, dining table and chairs, and computer table, entertainment center are now all dependence on my super glue to hold together!
@glebsokolov9959
@glebsokolov9959 3 года назад
You assembled them incorrectly then
@thevintagekitty
@thevintagekitty 3 года назад
Everything I have ever bought from IKEA did not last. The worst thing I bought from them were 2 lamps, which were top heavy. When you walked past them, the air displacement from your body would tip them over and then the bulb would burst. The switch to turn them on was on the cord, so if you pushed the lever too hard, that would also cause them to tip over. Trash. Low quality, press-board furniture. Nothing to do with assembly.
@glebsokolov9959
@glebsokolov9959 3 года назад
@@thevintagekitty How come all my furniture is ok after years of use then??
@minecat1839
@minecat1839 2 года назад
It is the Gruen Transfer, the overwhelming and confusing layouts that cause customers to lose focus and make unplanned impulse buys
@corlottasandra7306
@corlottasandra7306 3 года назад
Investing in crypto is the only big chance of making money now
@robertdtrwood9776
@robertdtrwood9776 3 года назад
For real crypto is profitable
@jonesaleo4016
@jonesaleo4016 3 года назад
I wanted to trade Crypto but got confused by the fluctuations in price
@fowad27
@fowad27 Год назад
"perhaps its as simple as labour leads to love" your last sentence contradicts what immediately preceded it. It's a number of factors that all played a part, including low prices due to flatpacking. It's not just the "ikea effect"
@f-35lightningx53
@f-35lightningx53 2 года назад
Should do one on basspri
@specho7
@specho7 Год назад
You forgot to mention how pushing assembly and labor onto customers is a big cost cutting move.
@InfiniteInsights23
@InfiniteInsights23 3 года назад
Need IKEA soon in Northern India.
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