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.
At the premium level, going with brand values will be the first mistake to failure. Hardly will anyone in your target audience notice your brand. These customers have no time to start identifying with some brand values. Most of them have seen it all and you do not need to start educating them. You need to be specific to something. Share with them your beliefs and it will go a long way to segment them.
If you are still thinking of getting as many clients as possible for your premium brand, it will only help to frustrate your efforts. If you get to think of it, there are few people at that premium level. Therefore, when you customize your message for the mass audience, you will just get a royal snub from your target audience. You should be targeting clients whose beliefs align with 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.
Some premium perfume brands choose to hand blend and prepare each perfume individually before the customer as they wait. This assures the customers that they are not buying a product that has faded with time on the shelves. Once this is done, the name of the customer is also printed on the label. This is a ritual that every client will want to take part in, each time their perfume is used up.
For a long time, premium brands have operated with brick and mortar stores. Today, on the other hand, those stores serve a lot of functions. They should focus on creating a new experience for customers at the point of purchase. This helps them identify with the beliefs your brand carries.
At the premium level, going with brand values will be the first mistake to failure. Hardly will anyone in your target audience notice your brand. These customers have no time to start identifying with some brand values. Most of them have seen it all and you do not need to start educating them. You need to be specific to something. Share with them your beliefs and it will go a long way to segment them.
If you are still thinking of getting as many clients as possible for your premium brand, it will only help to frustrate your efforts. If you get to think of it, there are few people at that premium level. Therefore, when you customize your message for the mass audience, you will just get a royal snub from your target audience. You should be targeting clients whose beliefs align with 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.
Some premium perfume brands choose to hand blend and prepare each perfume individually before the customer as they wait. This assures the customers that they are not buying a product that has faded with time on the shelves. Once this is done, the name of the customer is also printed on the label. This is a ritual that every client will want to take part in, each time their perfume is used up.
For a long time, premium brands have operated with brick and mortar stores. Today, on the other hand, those stores serve a lot of functions. They should focus on creating a new experience for customers at the point of purchase. This helps them identify with the beliefs your brand carries.
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