• Ep 12 The Psychological Principles Behind Brand Loyalty in Luxury

  • May 25 2024
  • Length: 1 hr and 2 mins
  • Podcast

Ep 12 The Psychological Principles Behind Brand Loyalty in Luxury By cover art

Ep 12 The Psychological Principles Behind Brand Loyalty in Luxury

Listen for free

View show details

  • Summary

  • Paul and Helen explore the concept of customer loyalty and brand loyalty in the luxury industry. They delve into the psychological principles behind loyalty, such as the mere exposure effect, the halo effect, and confirmation bias. Their discussion also highlights the importance of emotional connections and exclusivity in fostering brand loyalty. The Veblen effect and the self-concept theory are discussed as factors that drive loyalty to luxury brands. The conversation touches on the role of experiences, launches, and loyalty programs in strengthening brand loyalty. The conversation explores the concept of loyalty in the luxury industry and how brands can cultivate emotional loyalty from their customers. It discusses the use of loyalty programs, personalized experiences, and exceptional customer service to enhance loyalty. The conversation also highlights the importance of trust, recognition, and appreciation in building and maintaining loyalty. They finish off by emphasizing the significance of emotional loyalty over practicality and the potential negative impact of a single negative experience on brand loyalty.
    Show more Show less
activate_primeday_promo_in_buybox_DT
Social Sciences
Show more Show less

What listeners say about Ep 12 The Psychological Principles Behind Brand Loyalty in Luxury

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available