If you have a premium brand you are building a marketing strategy for, taking a different approach would be a good thing for you. Here, it is experiences that more than anything else. Most of the information out there on marketing strategies is only for work meant to market mass brands. Talking to one of the Luxury Lifestyle Bloggers will give you a better perspective about this.
One of the main reasons why most premium brand developers fail from start is choosing to market their brand values. People at the premium level do not want to know about the values your brand stands for. You should choose to use a more specific tactic, something that will segment them at their level. Consequently, always consider advocating beliefs and you will see them developing interest.
From the outset, you have to change your line of thinking if capturing premium clients is anything to go by. People at this level are renowned celebrities, executives and multi-billion-dollar investors. If you start pooling them together with the general audience, your efforts will be ignored. You ought to remember that you are trying to reach people with similar beliefs and not values to that of your brand.
A premium brand worth its salt is often more than just a logo. At this level of business, customers think of the brand like an entire set of visual icons. The moment you choose to limit yourself to a logo, you are also limiting your brand to the lower cadre of customers. Whether you want to do monograms, or a brand symbol, the idea is getting your visual icon out there.
While mass marketing strategies is often about meeting the daily needs of customers, it is not the case with premium products. Take a premium watch for instance. This is something that someone buys once and they know they have a quality product. They may buy it again as a gift to someone at their level. Consequently, do not hurry into choosing symbols without giving due thought to your target audience.
Any luxury brand that is worth its salt should not just stop at where they offer the product to prospective clients. You should be asking yourself of how you can make an executive interested in your product. As such, make sure you have a customer service that is prompt. Your salespeople need to be very attentive. Thereafter, develop some kind of ritual that makes your clients experience the brand.
One of the perfect ritual examples is of premium perfume companies. Since these products can fade with time as they stay on the shelf, they have tried to arrest that in the minds of their customers. Each client has their choice of cologne prepared by hand and blended before their eyes. As if that is not enough, the customer will also have their name printed on that label.
For premium brands, stores are now turning into temples. Most attention is given at the how they sell, and the innovation they bring at the time of purchase. Owning brick and mortar stores is not enough, they have to be multi-functional and even communicate the beliefs of that brand.
One of the main reasons why most premium brand developers fail from start is choosing to market their brand values. People at the premium level do not want to know about the values your brand stands for. You should choose to use a more specific tactic, something that will segment them at their level. Consequently, always consider advocating beliefs and you will see them developing interest.
From the outset, you have to change your line of thinking if capturing premium clients is anything to go by. People at this level are renowned celebrities, executives and multi-billion-dollar investors. If you start pooling them together with the general audience, your efforts will be ignored. You ought to remember that you are trying to reach people with similar beliefs and not values to that of your brand.
A premium brand worth its salt is often more than just a logo. At this level of business, customers think of the brand like an entire set of visual icons. The moment you choose to limit yourself to a logo, you are also limiting your brand to the lower cadre of customers. Whether you want to do monograms, or a brand symbol, the idea is getting your visual icon out there.
While mass marketing strategies is often about meeting the daily needs of customers, it is not the case with premium products. Take a premium watch for instance. This is something that someone buys once and they know they have a quality product. They may buy it again as a gift to someone at their level. Consequently, do not hurry into choosing symbols without giving due thought to your target audience.
Any luxury brand that is worth its salt should not just stop at where they offer the product to prospective clients. You should be asking yourself of how you can make an executive interested in your product. As such, make sure you have a customer service that is prompt. Your salespeople need to be very attentive. Thereafter, develop some kind of ritual that makes your clients experience the brand.
One of the perfect ritual examples is of premium perfume companies. Since these products can fade with time as they stay on the shelf, they have tried to arrest that in the minds of their customers. Each client has their choice of cologne prepared by hand and blended before their eyes. As if that is not enough, the customer will also have their name printed on that label.
For premium brands, stores are now turning into temples. Most attention is given at the how they sell, and the innovation they bring at the time of purchase. Owning brick and mortar stores is not enough, they have to be multi-functional and even communicate the beliefs of that brand.
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