With all due respect to the quality of Lexus automobiles, Lexus ads now make me queezy. Do you remember those Holiday ads with the red bow around the Lexus? Honestly, how many of you have bestowed a $50,000 Christmas present on a loved one (without any twinge of buyer's remorse)?
But since we're all being open with one another here, I didn't begin to feel this way until sometime last summer - when the economy started tanking. Why? Because I was used to luxury, and I was used to luxury being marketed to me. I haven't owned a car without leather seats in years (my Accord even has seat-warmers!). I expected Ritz Carlton-level service everywhere I went, and whined when I didn't get it. I looked at a house with 3 garages last year, and justified what I might do with the 3rd bay (didn't buy it - whew!). This is not because I had some great windfall of cash - rather, it was because we had all come to expect that we can afford (and even deserve) luxury, and we had a seemingly endless windfall of credit to pay for it. Luxury had been commoditized.
That was
last year. Now, luxury is being returned to its rightful place among people who can afford it (
with cash) and, even there, luxury is having a rough go of it. Luxury is not only expensive again, but
it's out of style... said another way,
Less is the new More.
The implications for marketers are profound. How do you market
less? Green marketers have certainly led the way on this, although even green marketing to-date has been "
more - and green too!". I believe the path forward is simple: market
genuine value (thanks to Chris Grams and David Burney for blazing this trail at Red Hat).
In order to avoid being irrelevant (or, worse,
nauseating), marketers must focus on truthful, straightforward messaging about the actual value of their products & services. Slathering on generous amounts of
luxury positioning was an easy cheat during the boom - but it wreaks of excess & consumption in the
postmarketing world
.
It would be a luxury for me if you commented on this post - please indulge!
Thanks for the shout out, Todd! You are right-- all this luxury marketing is already disappearing. Was watching TV last night and saw one of the ads for the new Apple laptops, where they were positioning them as the "greenest" laptops. Seems like marketing to people's desire for luxury is being replaced by marketing to their need for "self-actualization." Driven by stuff like: I want to be more environmentally-responsible, I want to be happier, I want to simplify my life, etc... Luxury will be back though, it always is...
Posted by: Chris Grams | March 04, 2009 at 08:26 AM
You blog simple very well. Here National Day will come, Where are you going? First wish you have a happy National Day. If you want to mountain climbing, You must have a good shoes, I am a NIKE shoes lover, It fell very well, You can have a try.
Posted by: Nike Shox Experience | September 25, 2010 at 02:45 AM
It really is genuine that do not determine what we now have got until we reduce it, however , it's also true that and we don't determine what we now have been lacking until eventually it comes.
Posted by: MBT Unono | February 28, 2011 at 08:02 PM