Strategy & Product @...ย โขย 1y
I never understood the point of buying overpriced goods, now i am happy that i never did! Is buying over priced items a social status symbol? I have seen many people stating India needs a luxury global brand, do we really?
Everything about Mar...ย โขย 5m
โThe Pricier, the Better: How the Veblen Effect Drives Luxury Brand Obsessionโ The Veblen Effect is a psychological phenomenon where demand for a product increases as its price risesโbecause the high price signals status, not just value. Luxury bran
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"Who are buying those expensive clothes" The people buying expensive clothes today arenโt just the ultra rich or celebrities ,they include a growing class of aspirational buyers, influencers, and even middle-class youth who see luxury fashion as a
See MoreWill become a inspir...ย โขย 4m
โSell the Dream, Not the Thing: The Psychology of Aspirational Brandingโ Aspirational branding is about selling a lifestyle, not just a product. It speaks to who the customer wants to becomeโmore stylish, successful, confident, or free. Luxury bra
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ONE INTERESTING OBSERVATION SERIES DAY #16 Luxury goods consumers worldwide fall into five dominant groups, based on their motivations, profiles, values in luxury items, purchase reasoning, and age group. 1) Going Global: People in this group don
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Avid Blogger and Con...ย โขย 7m
Why Luxury Jewelry is an Everlasting Market? The luxury jewelry industry isnโt just about aestheticsโitโs a $300B+ market driven by legacy, craftsmanship, and investment value. Unlike fast-moving consumer goods, high-end pieces appreciate over time,
See MoreFounder & CEO at Bui...ย โขย 1y
How Audemars Piguet become the status symbol even among the richest. This is because the brandโs watches are so expensive that the last year they only sold 51,000 pieces as compared to other luxury watch brands. But still their revenue was $2.7 Bi
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