Here you go!ย โขย 9m
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 want to look like, be like, feel like? Align every product with that vision. 2] Mirror your market: Use models your customers can relate to. When they see someone like them rocking your product, they can picture themselves in it. 3] Create FOMO: Position your product as the bridge between who they are and who they want to be. Make it feel like the missing piece to their perfect life. Look at luxury brands - They never compete on price. They sell transformations, not just products. The higher the perceived value, the less price matters.

Building WelBe| Entr...ย โขย 9m
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
See MoreWill become a inspir...ย โขย 6m
โThe IKEA Effect: Why We Value What We Buildโ 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 โ and end up lovin
See Moreโข technologiesย โขย 8m
โข Brands donโt sell products; they sell emotions. โข Your brand is not what you say it isโitโs what they feel it is. โข Customers donโt buy products; they buy better versions of themselves. โข People remember stories, not features. โข Price gets you cus
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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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Day4 - Value Proposition: How to Build Value and What You Trulyย Sell ๐ค โ ๏ธ Most startups don't fail because their product doesn't workโ-โthey fail because no one values what they've built. Every startup begins with an idea. But customers don't buy
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Hey, I'm on Medialย โขย 1y
VALUES over VALUE Modern consumers, especially the younger generation, are gravitating towards brands that align with their value systems, focusing on social impact, sustainability, and wellness. Look at this- The Elements of Value pyramid highligh
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