Well, I think if I get one basic message is, you have to be authentic and credible. If you are a marketeer, you tend to come up with fancy ideas and you get advertising agencies come up to you every two minutes presenting new ideas, great ideas. At the end of the day, the customer is very savvy. They will look through anything that’s remotely just a fad or short-term oriented. If people spend a large portion of their savings or have saved up for a product over many years, and they’ve dreamt of owning any sort of luxury watch. They want to make sure it really is something that you buy for 25 years plus or hand it down to your children. Everything else fades away. You have to be authentic, credible. The quality has to be irreproachable. That’s what it boils down to. Short-term, you can update, you can animate your brand, but never ever forget these core pillars of the brand because that’s at the end of the day makes people decide for your brand rather than another brand.
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities.
© 2024 IP 1 Ltd. All rights reserved.