Smart brands know a secret: People don't buy on price, they buy on perceived value. Here's the winning formula:
1. Tap Into Dreams: Understand your audience's aspirational self. What do they want to look like, feel like, be like? Align every product
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7 replies6 likes
Ronak Patel
Here you go! • 4m
Lowering price is the worst strategy to increase sales
Smart brands know a secret: People don't buy on price, they buy on perceived value.
Here's the winning formula:
1] Tap into dreams: Understand your audience aspirational self. What do they wa
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
“Chasing the Dream: How Aspirational Marketing Elevates Luxury Brands to Icons”
Aspirational Marketing taps into consumers’ desires to reach a higher social, financial, or lifestyle status.
Luxury brands master this by showcasing not who the custo
I want to start a company. The product is currently made in US and china.
But i want to make in india. Current Indian consumer/ people use Chinese products.
So my question is will Indian people/ mentality use made in india products first? Like US
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4 replies8 likes
manu deepak
Hey I am on Medial • 4m
I am thinking to start export business. I don’t have any product but thinking to buy products on demand . Will it work ? Any experience people drop your suggestions
• Brands don’t sell products; they sell emotions.
• Your brand is not what you say it is—it’s what they feel it is.
• Customers don’t buy products; they buy better versions of themselves.
• People remember stories, not features.
• Price gets you cus
“The IKEA Effect: Why We Value What We Build”
The IKEA Effect is a psychological phenomenon where people place higher value on products they partially create themselves. The name comes from IKEA, where customers assemble furniture — and end up lovin