Winning Power and Position (The Need for Status) - Deepstash

Winning Power and Position (The Need for Status)

  • Offer access: My wife loves using her Starbucks membership card because it gains her points, which gains her status and the occasional free latte.
  • Create scarcity: Offering a limited number of a specific item creates scarcity, and owning something that is scarce is often seen as a status symbol.
  • Offer a premium: Most companies earn 70 percent or more of their revenue from a small percentage of their clients.
  • Offer identity association: Premium brands like Mercedes and Rolex sell status as much as they do luxury.

503

525 reads

CURATED FROM

IDEAS CURATED BY

amanbrad

Dance movement psychotherapist

Your customer should be the hero of the story, not your brand. This is the secret every phenomenally successful business understands.

The idea is part of this collection:

Lessons From Self Made Billionaires

Learn more about marketingandsales with this collection

The value of hard work and persistence

How to stay focused on long-term goals

How to learn from failures and setbacks

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates