Temitope Ishmael’s Post

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2025 STEM MBA Candidate | Data-Driven Marketing Strategist | Customer-Focused Specialist | CRM & GTM Professional

𝐓𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐏𝐞𝐫𝐜𝐞𝐩𝐭𝐢𝐨𝐧: 𝐖𝐡𝐲 𝐋𝐮𝐱𝐮𝐫𝐲 𝐁𝐚𝐠𝐬 𝐂𝐚𝐧 𝐂𝐨𝐬𝐭 𝐒𝐨 𝐌𝐮𝐜𝐡. Have you ever wondered how a handbag can cost thousands of dollars, even though the materials and production might seem relatively inexpensive? The recent discussions surrounding Christian Dior highlight the impactful role branding plays in luxury pricing strategies. Here are my thoughts summarized in 3 points: Strong Brands Command Premium Prices: Brands like Christian Dior command premium prices due to their established reputation and perceived value. Brand Differentiation and Positioning: Dior's exclusivity, heritage, and unique design justify a higher price point. Customer Loyalty: Loyal customers value the brand experience and are willing to pay a premium. In conclusion, a brand's image plays a significant role in justifying luxury pricing. By cultivating a powerful brand identity, companies can create a perception of value that goes far beyond the tangible materials and production costs.  What are your thoughts? I would love to read them. #Marketingstrategist #LuxuryBranding #BrandPerception #LuxuryPricing #BrandEquity #CustomerLoyalty #MarketingStrategy #BrandDifferentiation #PremiumPricing #Pricingstrategy

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Samiya Y.

Human-Centered Strategist | MBA'26 (STEM) | Forté Fellow | UoR Simon

5mo

I agree with you on the brand value, as established brands are also a promise of good quality products and luxury houses spend year’s cultivating that specific attention to detail and signature designs. 100s of years of design heritage also comes into play.

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Cristi Dragan

Simon MBA 2025 (STEM) | Future Product Manager | Marketing Strategist | Creative Problem-solver | Consumer Insight Expert

5mo

Great post, Temi! Sometimes I reflect on labeling in which industry companies are really in or what are the jobs to be done for their products. We could argue that brands like Dior sell the illusion of status or that they give you the "key" to a certain community.

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