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.

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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.

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