Marketing is one of the most complicated tasks one can encounter for their brand. There is so much to look at, from getting your target audience to determining the best strategies to employ. For premium brands on the other hand, the tactics developed for mass brands may not apply. If you talked to one of the best Luxury Lifestyle Bloggers, you would probably get 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.
From the outset, you have to change your line of thinking if capturing premium clients is anything to go by. People at this level are renowned celebrities, executives and multi-billion-dollar investors. If you start pooling them together with the general audience, your efforts will be ignored. You ought to remember that you are trying to reach people with similar beliefs and not values to that of 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.
One of the perfect ritual examples is of premium perfume companies. Since these products can fade with time as they stay on the shelf, they have tried to arrest that in the minds of their customers. Each client has their choice of cologne prepared by hand and blended before their eyes. As if that is not enough, the customer will also have their name printed on that label.
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.
From the outset, you have to change your line of thinking if capturing premium clients is anything to go by. People at this level are renowned celebrities, executives and multi-billion-dollar investors. If you start pooling them together with the general audience, your efforts will be ignored. You ought to remember that you are trying to reach people with similar beliefs and not values to that of 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.
One of the perfect ritual examples is of premium perfume companies. Since these products can fade with time as they stay on the shelf, they have tried to arrest that in the minds of their customers. Each client has their choice of cologne prepared by hand and blended before their eyes. As if that is not enough, the customer will also have their name printed on that label.
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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