Barbara Jarabik: Make sure your messaging is consistent – from your website to your social media posts, everything should reflect the luxury image you are trying to create. Be strategic in your use of social media marketing – a luxury brand should be active on social media platforms to generate brand awareness. However, it’s important to maintain a sense of privacy and exclusivity with your online presence. You should also consider the demographics of your target audience and use the digital platforms that will reach them most effectively. It is forecast that Gen Y (born between 1981 and 1996) and Gen Z (born between 1997 to 2012) will represent 45 percent of all luxury sales by 2025. Therefore they should play an important part in your digital marketing strategies.
Create the clubhouse effect: A product isn’t luxurious if everyone has access to it. That’s why every luxury brand has an aura of exclusivity and rarity. I like to call it the clubhouse effect. If you can’t drop $2,000 on a purse, you’re not in the clubhouse. If you don’t own the $125,000 BMW, you’re not in the clubhouse. You get the point. You can create this effect by using rare materials, creating a limited amount of inventory, or only catering towards a very specific target audience. Have you ever seen those Yeezy sneakers everyone is going crazy about right now? They are the perfect example.
Exclusivity is fundamental to luxury brand marketing as it maintains consumer desire through scarcity and rarity. If anyone could walk into Louis Vuitton and buy a handbag, Louis Vuitton would lose their appeal to those who wish to have something that others can’t get access to. Given the Internet’s accessibility and autonomy, many luxury brands worry about losing their sense of exclusivity when it comes to going online. This, however, is flawed logic.
The first, and easiest, strategy for marketing your luxury brand is classic “addition by subtraction.” You’re probably already incorporating negative keywords into your optimization routine, but did you know you can save time by uploading them at the account level? Account-level negative keywords are a simple addition to your AdWords efforts; all you need is a CSV file loaded with negative keywords. From there, you simply upload the file in the Bulk Upload tab of the Shared Library and then apply it to as many campaigns as you’d like. Doing so has a handful of benefits, but the most important for marketing luxury goods and services is the ability to weed out unqualified traffic.
“Everything we do, we believe in challenging the status quo. We believe in thinking differently (why Apple exists). The way we challenge the status quo is by making our products beautifully designed, simple to use and user friendly (How Apple achieve their why). We just happen to make great computers (What Apple do).” Communicating the story behind your products, and explaining the values that define a luxury brand, is fundamental to effective luxury marketing. Aston Martin do a great job telling the story of their brand heritage on all of their product pages and digital content. By explaining that your brand represents an assurance of luxury, quality, performance, style, or whatever value you stand by, you will find it easier generating advocacy for your brand online. Find additional info at Jarábik Barbara.
Digital signage mirrors are another way for luxury brands to advertise efficiently : The entire digital signage mirrors market was estimated at USD 780 million in 2021. The global market is expected to grow steady at a CAGR of 12.21% to hit USD 910 million by 2023. Digital signage mirrors can greatly increase individual efficiency by choosing outfits as per weather updates while also offering bus and train schedules (including traffic updates). Digital signage mirrors in smart homes, planes, commercial spaces, hotels, etc. are designed to be connected to users as well as with different devices around. Energy efficiency is one of the major advantages that will drive the adoption of digital signage mirrors.