Spotlight blog of the week: The Personal Branding Blog
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We've just survived the season of shopping. What actually got us to pry open the wallet? Despite the recession, there were plenty of luxury purchases made in the past month.
According to a book I just read, Trading Up: The New American Luxury, by Michael Silverstein and Neil Fiske, we buy based on emotion. And then we justify our purchases with logic. What makes this book so interesting is that they delve into some of the particular emotions that get people to bite on high-ticket luxury items.
1. Pamper Me. The media bombards us with how overworked and stressed we are. Which creates a perception that we deserve products and services that pamper us and help us feel refreshed and rejuvenated. Massage anyone?
2. Making Connections. We're lonely. In today's increasing anonymous world, people will spend large amounts of money to attract, maintain and nurture family and friends or a romantic partner. Ask e-harmony.com how this is working for them. Interestingly, every time the Dow dips, e-harmony's numbers go up.
3. Questing. Consumers today appreciate adventure, learning, mastery, and fun. They're willing to pay top dollar to dream about and experience those qualities. Fantasy Baseball Camps for grown ups are a great example here.
4. Individual Style. High-priced products often help buyers express their personal taste, differentiate themselves from others and demonstrate their sophistication. Harley has this emotional appeal wrapped up in their marketing efforts.
If you're in this market, take a lesson from the masters of this approach. Create mental imagery that is irresistible. Appeal to the buyer's emotions. Help them visualize themselves with your product or service. Then, sprinkle some facts in to build the post-purchase justification. Voila -- you've made a sale!
We continue our quarterly branding breakfast AND lunch in February. Here's the scoop. Based on the survey results, we've changed things up a little. We've moved to quarterly branding breakfasts AND lunches!
Will you join us on Wednesday, February 4th?
We'll continue to do the breakfast meetings (we'll provide the food) at:
Workforce Center | 430 East Grand Ave (downtown)
7:30 am as usual (map it)
And we'll repeat the same content (you BYOL) at:
Simpson College WDM campus | 3737 Westown Parkway (classroom #9). Noon (map it)
Could you get customers to buy even more?
Hey non-profits, is Facebook your next fundraiser?
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This week's spotlight is on BtoB Marketer. BtoB Magazine is the only publication dedicated to all disciplines of business-to-business marketing. In print, through enewsletters and at BtoBonline.com, BtoB Magazine provides more than 100,000 senior marketers, with the information and analysis they need to develop a winning integrated marketing strategy.
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