In today’s highly competitive marketplace, businesses must strategically choose their locations to maximize visibility, accessibility, and customer engagement. This is where the concept of the place strategy comes into play. As one of the 4 Ps of marketing—Product,...
Branding
Overcoming Product Resistance: Why Consumers Hesitate to Adopt even Superior Products
In a world filled with innovation, it’s fascinating and sometimes frustrating that consumers often resist adopting products that are undeniably superior to existing alternatives. These products promise better features, improved efficiency, and an enhanced experience....
The Impact of a Marketing Department Without a Proper Budget or Qualified People
As someone who has worked with businesses across various industries, I’ve seen firsthand the transformative power of a well-funded and well-staffed marketing department. However, I've also witnessed the detrimental effects of a marketing team that lacks either the...
The Emotional Power Behind Branding: Why Emotion is Key in a Marketing Strategy
In an era dominated by choice and information overload, brands are increasingly finding that the most effective way to connect with consumers isn’t by highlighting product features or specifications, but by fostering deep emotional connections. Iconic brands like...
Understanding Markets: The Power of Bottom-Up Marketing
In the ever-evolving landscape of business, effective marketing strategies are crucial for success. One fundamental approach that has gained traction is the bottom-up method, which emphasizes understanding customer needs and preferences before crafting marketing...
How Do Luxury Brands Ensure a Good Customer Experience Using Psychology to Perceive Value Rather Than Objective Value?
Luxury brands excel at creating exceptional customer experiences by leveraging psychological principles to shape perceptions of value. Instead of focusing solely on the objective features of their products, they craft an emotional and aspirational narrative that...
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