Date post: | 11-Jan-2017 |
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MULTI FACED CONCEPT
Luxury definition is dependent from:
context, generations, nationalities
CRAFTSMANSHIP & QUALITY
At the heart of the luxury proposition
and give sense to the premium pricing
TIMELESS SPIRIT
Luxury transcends trends. Sophistication and taste hold weight
because of the promise of longevity.
INNOVATION AND DESIGN
The luxury sector invests heavily in industrial property in
terms of creative inventionsbut also in relation to design
and innovation.
W H A T I S L U X U R Y ?KEY CONCEPTS
L U X U R Y I N D U S T R YOVERVIEW 2015
Source: EY Luxury and Cosmetics Financial Factbook 2015 http://www.ey.com/Publication/vwLUAssets/EY_Factbook_2015/$FILE/EY-Factbook-2015.PDF
INDUSTRY LEVEL
K E Y S U C C E S S F A C T O R S
The Chinese middle class is evolving, with more higher-income households likely to fuel growth in the teens in luxury demand. By 2020, C h i n e s e c u s t o m e r s a r e expected to add up to 40% to luxury growth.
CLEAR STRATEGY FOR CHINESE
MARKET
Companies can no longer focus on a single channel: t hey have to de f i ne a consistent strategy for all distribution networks and adapt their DNA specifically for each channel, including social media.
L u x u r y h o u s e s h a v e lagged behind other industries in developing clear and concrete plans for capitalizing on the digital opportunity.
D i f f e re n c e s b e t w e e n European prices and Non-E u r o p e a n p r i c e s a r e strong. In a world where most luxury clients are well t ravel led, this pr ic ing strategy is no longer efficient.
OMNICHANNEL STRATEGY
ACCELERATE DIGITAL
PRESENCE
GLOBAL PRICING
STRATEGY
“MOBILE FIRST”
LEVERAGE MULTI-SCREEN USAGE PATTERNS
FULL SPECTRUM OF MOBILE TOOLS AND
APPLICATIONS:
Source: Mobile Marketing Association (2015) THE MOBILE MARKETING ROADMAP: How Mobile is Transforming Marketing for Targeting Next Generation Consumers (http://www.mmaglobal.com/files/mmaglobal.com/file/
MobileMarketingRoadmap.pdf)
INTEGRATE YOUR MOBILE CAMPAIGN INTO YOUR
TRADITIONAL CAMPAIGN
LEVERAGE EVERY PHASE OF THE SALES
FUNNEL
TEST YOUR WAY TO SUCCESS
K E Y S U C C E S S F A C T O R SFOR A MOBILE MARKETING CAMPAING
EMOTIONS MOTIVATIONS INFLUENCE
Influence of mobile applications on luxury brand identity has been quite neglected by luxury brands, as their
brand image appeared to be degraded and not reflective of luxury brand
identity
In order to have effective advertising on mobile phones Park
et al. (2008) suggested three categories that influence the
emotions in mobile marketing advertising:
- Advertisement factors - Environment factors
- Audience factors
K E Y S U C C E S S F A C T O R S
The main motivation for luxury brands’ customers using mobile applications
is finding information about the brand and its
products
Source: Mahyari, P. (2013) Luxury Brand Identity: The Influence of Mobile Digital Technology. School of Advertising, Marketing and Public Relations. Queensland
University of Technology
CONSUMER LEVEL
FUNCTIONAL FEATURES
✓ Easy to find and install ✓ High resolution ✓ Easy navigation through mobile ✓ Offers personalized experience ✓ Integrates interactive elements ✓ User-friendly ✓ Social media sharing features ✓ Loyalty programs ✓ Exclusive updates ✓ Customization based on
consumer preferences
BRANDING FEATURES
✓ Link to the brand’s signature colors ✓ Consistent colors, images and
messages ✓ Validates brand’s visual identity and
signature ✓ Creates emotional bond with brand ✓ Enhances and optimists the real
value of luxury products
EMOTIONAL SIMULATING FEATURES
✓ Simulates the mood ✓ Powerful first impression ✓ Captures attention ✓ Unique atmosphere ✓ Persuasive message(s) ✓ High impact mobile app experience ✓ Interactive, engaging, immersive,
creative, memorable ✓ The love factor
K E Y S U C C E S S F A C T O R SFOR A MOBILE MARKETING CAMPAING
Source: Mahyari, P. (2013) Luxury Brand Identity: The Influence of Mobile Digital Technology. School of Advertising, Marketing and Public Relations. Queensland
University of Technology
B E S T P R A C T I C E S“INSPIRATOR" by BENTLEY
British automaker Bentley Motors is promoting its new Bentayga SUV with a new mobile application responsive to consumer
emotion.
The “Inspirator” app shows a series of images ranging from beaches, surfing and yachting to music and dancing to chinaware and furniture to parties and discos in four separate chapters, using facial and emotional recognition technology to capitalize on the
viewer’s preferences as it goes on, generating a custom Bentayga for the viewer at the end.
INSPIRATOR by BENTLEY
The app analyses “subtle, muscular micro-shifts and correlates them with complex emotional and cognitive
states,” measuring the viewer’s engagement with, sentiment for, surprise at and aversion to each image.
Based on responses, the app then generates a car with an appropriate interior, veneer, paint job, wheel and even
name.
B E S T P R A C T I C E STiffany & Co. Engagement Ring Finder
.
App that allows you to find your perfect engagement and wedding rings with the Tiffany
& Co. Engagement Ring Finder.
Users can browse diamond rings, view actual carat weights, determine the ring size, etc.
B E S T P R A C T I C E STiffany & Co. Engagement Ring Finder
.
Successful and powerful APP because allows user to have:
Engaging app on social media
Personalization of the product
Interactive shopping experience
Emotional selling
20% increase in sales after the launch of the app
INTERACTIVE SHOPPING EXPERIENCE
EASY TO USE
• Emotional branding
• Involve and surprise your customers
• Tell a story, the story of your brand
INSPIRES, EXCITES & INVOLVES
• Luxury is about superior value, make sure you deliver it through your app
• Superior technology to e n h a n c e c u s t o m e r s ’ experience and to convert the brand values
CUTTING EDGE TECHNOLOGY
R E C O M M E N D A T I O N SFOR MOBILE APPS IN LUXURY SECTOR
• Tutorial when using App for first time • Scrolling menu – well structured • Many images to illustrate selection
• Possibility to try the rings through the App • Possibility to call an expert in jewelry • Friends circle - to share comments, pictures and opinion with friends
01 02 03
Do not limit people to only one choice
Give more customization to the end of the process
R E C O M M E N D A T I O N SFOR MOBILE APPS IN LUXURY SECTOR
“do guess but do not choose”
App only available for iOS users through the Apple App Store
Only one car is available at the m o m e n t , B e n t a y g a , t h e automaker's new crossover
Give more of a choice after the analysis process
Shorter design process
Enable the app for Android devices