The Art of Selling Luxury Products
Jimmy Barlow
0:00 / 0:00
The Art of Selling Luxury Products
236 просмотров · 4 нед. назад
Jimmy Barlow
1,4 тыс. подписчиков
236 просмотров · 4 нед. назад
➡️ Free luxury Dropshipping Playbook. Just DM me "YouTube" on Instagram
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The whole art of selling luxury products comes down to the gap between what a product costs you and what you can actually charge
I've studied this for 6 years, mostly asking how Rolex and Louis Vuitton get away with it
Most people figuring out how to sell luxury products start with the product, which is the wrong end entirely
I'm working with complete beginners who are selling products barely different from yours, but charging 3 to 5 times what you even dare to charge
I want you to imagine that there are 2 stores with the same product from the same supplier
One of them photographs it on a phone and sells it for double what it cost
The second shoots that exact product like it belongs on a billboard
They build a page that feels premium and ship it in packaging that feels like an occasion to open, but charge 4 times more
Your buyer has been burned before, so one bad tell on the store costs you the sale at any price
We run cheap static Facebook ads first, to find the buyer the winning brand is ignoring
Rolex never once asked the Kardashians to post about it, and that social proof sells long before anyone goes shopping
What a product costs you to make has almost nothing to do with what you can sell it for
Bundles and upsells are where a huge chunk of your profit sits, and repeat orders cost you almost nothing
Branding, psychology and positioning
The feeling you build, how you get that feeling into someone's head, and how you price it so the whole thing lasts
CHAPTERS
00:00 The Art Of Selling Luxury Products
00:45 Part 1 - Branding Is A Feeling, Not A Logo
01:45 The Gap Between Luxury Product Cost And Price
03:16 Branding Rule 1 - What Makes A Store Scream Dropshipping
04:19 Branding Rule 2 - Facebook Ads To Find Your Buyer
06:01 Part 2 - Luxury Product Psychology And Social Proof
07:35 How Liquid Death Sells A Feeling, Not Water
08:34 Part 3 - Positioning And Luxury Product Pricing
09:16 Why Cheap Products Get You Refunds And Chargebacks
10:34 How To Increase Customer Lifetime Value With Upsells
12:00 How Branding, Psychology And Positioning Work Together