lets say there is a clothing retail store
if I invest x amount in it and start it
I will have some sales , expenses and profit which I take home
now the problem is rent increases every year by 10% , staff cost increases every year by 10% but the
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Anonymous 3
Stealth • 1m
Maybe you could look into stocking exclusive or unique items that people can’t get elsewhere, even online. It’ll make your store more of a destination, and people might be willing to pay a premium for something unique
0 replies1 like
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The decline of cultural values has created a strong opportunity to market premium products. People often aspire to appear rich and affluent, so they’re drawn to items that help them project wealth and status.
best example is Iphone
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Guy's what you're thoughts about ?
A company for premium packaging that makes quality designs for big companies of watches, shoes, etc.
It's unique idea or many people are already doing this and it can grow or not or profitable ?
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Whether Premiumization is an important aspect of building products or services.
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