Luxury vs. Commodity

Luxury vs. Commodity

#115 - Luxury vs. Commodity

*****

This week's episode is brought to you by: OVATION

Get more feedback, more reviews, and more revenue with Ovation. Get started with 2,000 FREE text messages by visiting ovationup.com/chip

*****

This week's episode is also sponsored by: RESTAURANT FUNNEL

Generate leads, turn those leads into contacts, and then convert those contacts into actual guests that will rave about their experience. To get started, they offer a free Marketing Report Card for your business. Visit restaurantfunnel.com/chip

*****

Even though they both get you from point A to point B… a Mercedes is twice as expensive as a Toyota. If you’re looking for a good red wine to pair with your steak, you might wander over to the aisle showcasing California Cabs. You’ll find that Screaming Eagle — if you’re lucky enough to even put your hands on a bottle — is ten times as expensive as Opus One. And the price tag for a brand new Hermes Birkin bag starts at about $35,000.

Okay… so why?

On this week’s episode we’re going to talk all about luxury versus commodity. Yes it’s about price and value… but there’s another component too this that’s worth discussing. And no you don’t have to serve a high-end product to high-end clientele for high-ticket prices to be able to apply these lessons to your own business.

IMPORTANT LINKS:


*****

Come join the community on Patreon where a monthly contribution will give you access to a bunch of different perks and benefits like monthly Q&A sessions, podcast swag, and one-on-one coachings with me.

SUPPORT US:
https://www.patreon.com/restaurantstrategy

Episoder(545)

What is a Customer Journey Map?

What is a Customer Journey Map?

#9. What is a Customer Journey Map? What exactly is a Customer Journey Map? It’s a visual representation of the process a customer or prospect goes through to achieve a specific goal with your company...

24 Apr 201922min

Why Do You Want to Open a Restaurant?

Why Do You Want to Open a Restaurant?

#8: Why Do You Want to Open a Restaurant? To be totally transparent... I think a lot of people go into business for the wrong reasons. They open restaurants because they think it'll be fun (which it s...

17 Apr 201925min

How to Build a Comprehensive Marketing Strategy

How to Build a Comprehensive Marketing Strategy

#7: How to Build a Comprehensive Marketing Strategy What does your marketing strategy look like? Do you even have a marketing strategy? If you're like a lot of restaurant owners out there, it's non-ex...

10 Apr 201919min

Pillar Four: DIFFERENTIATION

Pillar Four: DIFFERENTIATION

Fourth Marketing Pillar - DIFFERENTIATION We're starting to turn the corner now as we come to the fourth episode in a 5-show arc. We've been breaking down the Five Pillars of Marketing as a way of giv...

5 Apr 201920min

Pillar Five: OPPORTUNITIES

Pillar Five: OPPORTUNITIES

Fifth Marketing Pillar - OPPORTUNITIES We've finally made it. We are at the end of this little five episode arc where we've been discussing the Five Pillars of Marketing. We started with IDENTITY, fin...

5 Apr 201918min

Pillar Three: COMPETITION

Pillar Three: COMPETITION

Third Marketing Pillar - Competition Welcome to the third in a 5-episode arc where we're talking about the Five Pillars of Marketing. Before we can begin building a comprehensive marketing strategy fo...

5 Apr 201920min

Pillar Two: AUDIENCE

Pillar Two: AUDIENCE

Second Marketing Pillar - AUDIENCE Welcome to the second in a 5-episode arc where we're talking about the Five Pillars of Marketing. This is our opportunity to give ourselves a strong foundation befor...

5 Apr 201921min

Pillar One: IDENTITY

Pillar One: IDENTITY

First Marketing Pillar - IDENTITY This is the first episode in a 5-episode arc where we're talking about something I call the Five Pillars of Marketing. Before we can begin talking about building a ma...

5 Apr 201916min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
pengepodden-2
pengesnakk
utbytte
rss-politisk-preik
finansredaksjonen
morgenkaffen-med-finansavisen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
stormkast-med-valebrokk-stordalen
rss-markedspuls-2
rss-pa-konto
rss-sunn-okonomi
lederpodden
rss-investering-gjort-enkelt