365 days of strategic thinking

Saturday, August 14, 2010

120) Emotionally Premium

One thing that came out of our investigation of Upcycle Tailors for our final project was the idea of a product being premium or luxury in an emotional way. A handmade, one-of-a-kind piece, while not monetarily expensive (the pieces we saw typically ran from 40-70 euro), carries added worth because of the emotional value.

We all love a good find. Something unique that no one else has. Usually there's a good story attached, the hidden, back alley stores feeding into a treasure hunt mentality. Like famous explorers of the past, we want to be the first to discover something. How many times have you mentioned a great new band, only to have your friend tell you he first heard them three years ago?

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