225 | What Is Premium Pricing Strategy? (Pros, Cons & Best Examples)

225 | What Is Premium Pricing Strategy? (Pros, Cons & Best Examples)

Learn what premium pricing strategy (or prestige pricing) is with brand examples and strategy pros and cons.

👉 Learn more: https://brandmasteracademy.com/brand-master-podcast/

By the end of this episode, you’ll know what a premium pricing strategy is, why to use it, the advantages and disadvantages as well as prestige pricing examples from Apple and Nespresso.

First, we’ll answer the question “What is promotional pricing strategy?” with an explanation and definition before we explore the different reasons you might want to use this pricing technique.

Next, you’ll discover the psychological impact of pricing and how it effects a brand’s perception in the market.

Then we’ll dive into the premium pricing strategy pros and cons looking in detail at the advantages and disadvantages of each.

You’ll then learn how both Apple and Nespresso have used this strategy to perfection before we look at the final considerations for using this pricing strategy.

For more brand strategy resources and downloads visit https://brandmasteracademy.com/

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Episoder(317)

317 | Why Most B2B Positioning Fails with April Dunford

317 | Why Most B2B Positioning Fails with April Dunford

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25 Aug 46min

314 | Beyond AI-Generated Strategy with Jenny Sagstorm

314 | Beyond AI-Generated Strategy with Jenny Sagstorm

Beyond AI-generated strategy, the real advantage is no longer producing more options—it’s knowing which direction deserves conviction. In this episode, Jenny Saxton explains why judgment, workshops, a...

25 Aug 1h 3min

316 | Why Customers Change Minds with Bobby Moesta

316 | Why Customers Change Minds with Bobby Moesta

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18 Aug 53min

315 | The End of Selling Expertise with Blair Enns

315 | The End of Selling Expertise with Blair Enns

Selling expertise is changing. Blair Enns reveals why traditional sales tactics, free pitching, and proving your value can actually weaken your position—and why the sale itself should be a sample of t...

10 Aug 52min

313 | Why Brand Value Now Comes From Human Values with Mary Meehan

313 | Why Brand Value Now Comes From Human Values with Mary Meehan

Why Brand Value Now Comes From Human Values is explored through a conversation with cultural analyst Mary Meehan. This episode breaks down how shifting human values are reshaping brand value in a worl...

14 Jul 42min

312 | Why Everything Agencies Sell is About to Collapse with TIm Williams

312 | Why Everything Agencies Sell is About to Collapse with TIm Williams

AI is about to collapse the agency model built on selling time, tasks and deliverables. In this episode, Tim Williams reveals why agencies must move beyond commoditized work and start selling what cli...

7 Jul 1h 1min

311 | The Biggest Lie About Selling to Wealthy Clients with Jeffrey Shaw

311 | The Biggest Lie About Selling to Wealthy Clients with Jeffrey Shaw

Selling to wealthy clients isn’t about looking expensive or chasing money. It’s about understanding how affluent buyers think, what they value, and the subtle signals that make a premium brand feel cr...

2 Jul 53min

310 | Why Every Great Brand Needs an Enemy with Laura Ries

310 | Why Every Great Brand Needs an Enemy with Laura Ries

Grab the Brand Operating System Blueprint and Find the friction, embed the structure, and run the brand from strategy to action.→https://brandmasteracademy.com/brand-os-blueprint/Why Every Great Brand...

23 Jun 38min

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