
The Universe of Luxury
Classification by category
The pyramid of luxury
Luxury Conglomerates
Let’s talk about luxury! In this first course, you will discover the Universe of Luxury, that will lead to a better understanding of luxury as a culture and most importantly what in NOT luxury. After this introduction course, you will be able to understand the importance of luxury conglomerates, to identify luxury by category and to position brands in the pyramid of luxury.
The paradoxes of luxury may seem strange because they go against the logic of the global marketing market. In order to be successful in this field, it is necessary to adopt a completely different strategy to traditional marketing. Because managing luxury is actually managing paradoxes.
Customers of luxury goods are different from those purchasing mass-market goods. They differentiate themselves starting from their social status, to the way they live their life and to things that influence their purchasing decision. Luxury customers often explain the purchase of luxury as a fantasy fulfilment charged with emotional and social content. In this course you will discover the modern consumer, the consumers’ perception of the apparel products brand image, the development of consumers’ behaviour for the luxury brands and who is the future luxury buyer.
You will understand better sectors like the luxury fashion, luxury jewellery & watches, luxury perfumes & cosmetics, wine & spirits.
Luxury Marketing and communication are completely different from the function of traditional ways of promotion. In luxury, brands communicate in order to create dreams and get to the psychological side of the customers. Therefore, communication is done in a dreamlike way, but sufficiently vague so that people could establish their personal relationship with the brand. In this course you will find out the most important ways of communication in luxury.
Selling is a form of art and only excellence is accepted in the field of luxury. A sales day can be easily compared to a theater scene in which the salespeople learn their speech, arrange the scene and follow the manager's advice with the precise purpose of maintaining a good atmosphere. Sales agents are among the most important people in the luxury business. Find out a step-by-step approach to sell luxury products in retail.
“Selling Luxury Masterclass” is an interactive luxury session that focuses on the transfer of knowledge through exchange of experience. The workshop is structured in five sessions, focused on case studies, examples of good practice and analysis, thus giving participants the opportunity to adapt content to their specific problems and concerns, increasing the usefulness and relevance of each interaction.
“Selling Luxury Masterclass” presents a step-by-step approach to explore the universe of luxury, leading to a better understanding of the luxury product and discovering the luxury consumer. Combining demonstrations and interactive sessions, “Selling Luxury Masterclass” will teach you how to build a luxury brand and how to develop customer relationships in luxury retail, thus giving the experience of a luxury brand.