True
6423;
Score | 2
Ealo Nigeria
Freelancer @ Adekunle Ajasin University Akungba Akoko
Lagos, Nigeria
3605
10908
180
117
In Psychology 3 min read
Why Luxury?
<p>If I brought you two bags right now;</p><p>A Chanel bag and a Tote bag sewn by a roadside tailor.</p><p><br/></p><p>And I asked you to pick one.</p><p>Which would you choose?</p><p><br/></p><p>Or better still...</p><p>An iPhone 16 or an Infinix phone.</p><p><br/></p><p>You can only take one.</p><p>Which one are you reaching for?</p><p><br/></p><p>The answer is pretty obvious.</p><p><br/></p><p>Most people would pick the Chanel bag.</p><p>Most people would also pick the iPhone.</p><p><br/></p><p>If I asked why, you'd probably say things like,</p><p>"It's better."</p><p>"It looks nicer."</p><p>"The quality is higher."</p><p>"It's expensive for a reason."</p><p><br/></p><p>Maybe.</p><p><br/></p><p>But I think there's another reason.</p><p><br/></p><p>You'll probably pick them because you've been taught that they're<strong> 'luxury' products.</strong></p><p><br/></p><p><strong>Luxury is psychology.</strong></p><p><br/></p><p>Just like how you were made to believe that buying this for a very expensive price will give you more status in the society than any other products.</p><p><br/></p><p>Trust me it has nothing to do with quality; most luxury products aren't even of the best quality but still they're more expensive than the ones with higher quality and they're still being bought.</p><p><br/></p><p>Before you argue with me, hear me out.</p><p>Luxury has never been just about quality.</p><p>It's about what owning that product says about you.</p><p><br/></p><p>It's about <strong>exclusivity, Scarcity, Status, Identity</strong>.</p><p>Luxury convinces you that buying a particular product isn't just buying an item...</p><p>It's buying a lifestyle, a feeling, a place in a social class.</p><p><br/></p><p>That's why two products can perform almost the same function, yet one sells for ten or even a hundred times the price.</p><p>And people still line up to buy it.</p><p><br/></p><p>Luxury isn't a new concept either.</p><p><br/></p><p>For centuries, expensive clothing, jewelry, perfumes, and rare materials have been used to signal wealth and status. </p><p>Over time, that idea evolved into the luxury brands we know today; brands that don't just sell products but carefully crafted stories.</p><p><br/></p><p>And that's where the real deal happens.</p><p>Brands don't just market products.</p><p>They market perception.</p><p><br/></p><p>I watched a movie some time ago that explained this perfectly.</p><p>A woman created a luxury brand from scratch.</p><p>She told people it had been serving "the 1% of the 1%."</p><p>That was it.</p><p>Just that one story and people believed it.</p><p>The brand exploded.</p><p><br/></p><p>She made an incredible amount of money.</p><p>Before you think the buyers were foolish, think about it.</p><p><br/></p><p>That statement was carefully chosen.</p><p>The ultra-wealthy aren't usually influencers showing off every purchase online.</p><p>Their recommendations spread quietly, within their own circles.</p><p><br/></p><p>So when someone hears that a product is exclusive to people they aspire to be like...</p><p>Curiosity turns into desire.</p><p>Desire turns into demand.</p><p><br/></p><p>That's psychology.</p><p>The funny part?</p><p><br/></p><p>The bags were produced by ordinary young people in local workshops, shipped abroad, and then reintroduced as an exclusive luxury product.</p><p><br/></p><p>She was eventually caught.</p><p>But that's not really the point.</p><p><br/></p><p>The point is that the story became more valuable than the product itself.</p><p>And if you pay close attention, you'll notice this isn't far from how branding works in real life.</p><p><br/></p><p>Many premium brands manufacture or source products globally, then add value through design, craftsmanship, marketing, heritage, and, most importantly, perception.</p><p><br/></p><p>For example;</p><p>A luxury products created in china then exported to USA for packaging, marketing and selling.</p><p>You would rather buy those products for ridiculously high prices than buy the ones with the tag 'made in china' that are of the same quality but cheaper.</p><p><br/></p><p>Sometimes, what you're paying for isn't just the product.</p><p><br/></p><p>You're paying for the logo.</p><p>The story.</p><p>The exclusivity.</p><p>The Status.</p><p><br/></p><p>None of that happened by accident.</p><p>Luxury brands spend decades building trust, scarcity, and desire.</p><p><br/></p><p>That's why creating a true luxury brand isn't something you wake up and do overnight.</p><p><br/></p><p>It's years of strategy.</p><p>Years of consistency.</p><p>Years of making people believe.</p><p><br/></p><p>So the next time you're about to buy something simply because it has a famous name attached to it...</p><p>Pause for a second.</p><p>Ask yourself one question.</p><p>Do I want the product...</p><p>Or do I want the story that comes with it?</p><p><br/></p><p><strong>So why luxury?</strong></p>

|
Tips are very much appreciated🫶

Other insights from Ealo

Referral Earning

Points-to-Coupons


Insights for you.
Things people have made normal, that isn't normal. (Children)
411 views
47 upvotes
44 comments
What is TwoCents? ×