The Story Behind Luxury Products, Experiences

Recently, there have been a number of newspaper and magazine articles about high-net-worth individuals seeking exclusive, exotic and thrill-seeking vacations. Luxury marketers should pay close attention to such reports because they imply two related and important facts about luxury in general:
  • Extraordinary experiences yield incredible stories (memories)
  • Having incredible stories is the enduring luxury

Obviously, you don't have to put yourself at risk in some faraway land to experience luxury. The question for luxury marketers is, what engenders "extraordinary experiences?"

When people describe an activity or acquisition accordingly, what they mean is that the experience is felt as something deeply personal. In part, this feeling follows when the end-state of an experience is not known at the beginning; when surprise -- the experience of something new -- is possible, when an encounter is not perceived as scripted or routine, not generic or homogeneous.



When these conditions are met, people tend to experience an intensity and variety of feelings that go beyond their familiar, yet "fits" them. As a result, they realize something latent in themselves that has now been made more manifest, and real.

This actually is brand, that spasm of sentiment -- illogical, immediate, and rock-solid -- that convulses within us when we perceive a product as a venue for manifesting our latent selves. Luxury branding is not just about display, competition and comfort. It's about the personal exclusivity that comes from expansion of one's self-identity. Luxury experiences help to craft a "new me."

With this new me come new stories, and because identities are best understood through one's stories, people perceive you differently. Furthermore, the better stories you have collected, the more attention you garner from others. Stories have many tentacles.

Noteworthy, too, is evidence from new brain scan studies showing that when one person tells a story and the other person actively listens, their brainwaves actually begin to synchronize in agreement. This makes stories not only important to luxury consumers, but also to luxury marketers and salespeople -- online and in-store.

For example, a person's sense of time and its relation to one's sensitivity to sensual experience are critical to the appreciation of luxury. This being the case, luxury marketers should focus on three initiatives:

1. Their stores or Web site layouts and product displays must be designed to slow the perception of time, to increase a customer's intensity and persistence of focus, and to excite the imagination.

2. Product presentations should be as artfully rendered as are the luxury items produced by their artisans. This entails "conversational abilities" to build a narrative with the customer that intertwines the product story while eliciting the customer's story so the two become metaphorically linked. This, of course, is harder to do online than in-store, but still can be supported by expert design of the digital marketing space.

3. Presently, a great deal of attention is being paid to in-store and Web site design that enables the consumer to experience the particular luxury brand represented. This marketing goal is slightly misplaced. The big payoff comes not when the brand and its referents are the end-point, but when the offering is perceived as a venue for a person's own sense of self-expansion. The luxury product is but a means to an end.

When the luxury consumer's shopping experience is as luxurious as the product itself, the brand is enhanced, the probability of sale heightened, and an increase in the number of items a consumer purchases per visit is maximized. That's a story all luxury marketers can happily live with.

2 comments about "The Story Behind Luxury Products, Experiences ".
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  1. Paul Van winkle from FUNCTION, September 3, 2010 at 8:35 a.m.

    I found this article misses the point. In a big (sensational) way. it confuses "a sensational, extraordinary experience people will tell others about"(thrill-seeking) with care, superior service and exclusivity (luxury)..

    Understanding wealth as opposed to nouveau riche is critical, especially as it relates to brand positioning. Wealth largely prefers personal privacy and consistency. Nouveau riche seeks " in-the-moment", overt displays of itself.

    Such misunderstandings prevent countless "luxury marketers" from realizing what wealthy clients actually want, are willing and able to pay for, and will be loyal to.

  2. Paula Lynn from Who Else Unlimited, September 3, 2010 at 9:47 a.m.

    Not all the wealthy are happy couples. Make sure there are 2 beds in the rooms and market friendly welcomes for friend vacations. Women, as usual, are more likely to explore with their friends, men need a lot more coaxing...but there's be explored. There is a lot of money not getting spent due to the intimidation of locations and cruises not being places for people who do not have a partner. If a person gets over all of that, they have to get over getting gored and penalized by paying almost double that tells them to stay away. Look at the ads.

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