Advertising
Advertising

Personal Development Lessons from Branding?

Personal Development Lessons from Branding?

Personal Development Lessons from Branding?

    The Story of the $800 Jeans

    Jeans Isolated With clipping path

      I recently watched a presentation given by a journalist (Benjamin Wallace) who had taken an extensive look at the way people shop; what they buy, why they buy, how much they spend and why some people are prepared to part with obscene amounts of money for the supposed ‘top shelf’ versions of every day items (jeans, wine, olive oil, beds, coffee).

      His talk was essentially an exploration into the psychology of shopping. I laughed as he (the journalist) expressed his disappointment at test-driving a pair of $800 jeans which looked, felt and ‘performed’ the same as his $50 jeans. Not only was there no discernible difference (to him), but over an entire week of wearing his new expensive duds, not one person complimented him on how amazing he (or they) looked. “Then, what’s the point?”, he asked.

      I know the Feeling

      I identified with this story because I was given an expensive pair of jeans for a birthday a few years back. While I appreciated the gift and wore them gratefully, I had no idea that they were expensive until someone (some months later) saw the label and complimented me on owning a pair of that particular brand of jeans. I nearly fell over. Of all the things to be complimented on, the brand of my jeans wasn’t high on my list. I was amazed that they could be impressive to someone. To me, they were simply one of the five (or so) pairs that I owned. No better or worse than any of my other ($50) jeans.

      Advertising

      What Logic?

      I was extremely interested in Wallace’s study and subsequent report as I have a fascination in this area; the value we place on labels. Having worked with a broad socio-economic cross-section of people over the last two and a half decades has given me a great opportunity to observe ‘shopping behaviour’ and the rationale behind those purchases first hand.

      Like my client who would never buy a pair of shoes unless they cost at least a thousand dollars because “they couldn’t be any good otherwise”. Or the forty-something guy who bought himself a high-powered Ducati motorbike even though he was a complete novice with no riding experience or skills. When I (an experienced motorcyclist) advised him to buy a different (cheaper, safer, slower, more appropriate, learner-friendly) bike, he didn’t want to hear about it. He was only interested in the look and the label of the bike; he wanted to be a Ducati owner no matter what.

      300 Kilometres Later…

      When he got the bike it absolutely scared the crap out of him (because he couldn’t ride it); as I knew it would. I had to ride it home from the dealership for him. He rode it three times (in a year), put 300 kilometres (180 miles) on the clock and then sold it for $9,000 less than the purchase price. He was in love with the ‘theory’ of a Ducati but not the practical reality. He had bought an image, an idea, a brand. A delusion. And as so many of us do from time to time, he let his ego run the show, dictate his behaviours and waste his money. He wanted to be a Ducati owner and rider so much that his emotion (need to be cool, popular, desirable, respected, tough, macho) temporarily over-shadowed his intelligence, common sense, fear and his obvious lack of riding ability.

      Label Lunacy

      People who shop for particular labels and brands rather than individual products which will suit a purpose or meet a need, have always intrigued me. It’s no revelation to hear that some people are devoted to, if not completed addicted to, owning certain brands and labels – and not because of the actual product but because of the perceived prestige (acceptance, approval, recognition, popularity) that comes from owning, wearing, drinking, driving that particular label or brand. Don’t believe me? Hang out with some teenagers for a while and see what it means to own the right shoes, jeans, jacket, MP3 player, phone, etc.

      Advertising

      A Hypothetical:

      Red Sports Car

        Imagine if you and I took the latest, never-seen-before, $100,000 BMW coupe and we re-branded it as a Hyundai for its launch into the market place. Not only do we re-brand it as a Hyundai but we also reduce the price by forty percent, so now we have a $100,000 BMW selling for $60,000 in Hyundai clothing – so to speak. So the exact same car (motor, technology, interior, exterior, performance, quality) which would have sold strongly as an expensive BMW is now being offered to the same potential buyers at just over half the price – as a less prestigious and less desirable brand. Of course we can’t say for sure what would happen, but I’ll take an educated guess and let me know if you concur…

        1. Most ‘BMW shoppers’ won’t even consider the new ‘Hyundai’ product – even if it comes highly recommended. They will let their feelings get in the way of the facts; the fact that it’s actually a BMW in every way except for the badge on the front. Their bias against ‘less prestigious’ brands won’t allow them to even walk into a Hyundai showroom and their ego won’t allow them to save $40,000. They would rather pay $100,000 for the SAME product, so long as they can be seen driving a Beemer. The ego is a very powerful thing and haven’t the marketing folk made that fact work for them over the years?

        2. Most general new-car shoppers won’t consider the new $60,000 two-door Hyundai because they perceive it to be too expensive for that brand. No matter how good the actual product (car) is. As a result, the re-badged BMW doesn’t sell strongly and dies a sad and lonely death within two years of its launch. Never to be seen again. Consequently, a generation of car drivers will miss out on the automotive luxury bargain of the decade because of brand bias, stupidity and ego.

        Emotional Shoppers

        Of course, it’s no revelation for me to tell you that when it comes to how and where we spend our money, we are often emotional and irrational beings. And yes, the marketing and branding gurus have been benefiting from, and maximising this knowledge for years. It’s their goal to evoke an emotional response (feeling, reaction, decision) from you and I so that we will buy, no matter how much we don’t need, or can’t really afford, whatever it is they’re selling. To them, common sense is the enemy; that’s why they always tell us that we ‘deserve’ their product. Of course we don’t actually need a four hundred inch flat screen television, but as they quite rightly point out, you and I have worked incredibly hard lately and why shouldn’t we reward ourselves with a ridiculously large TV? Imagine how much better our lives will be when we get that bad boy up on the wall. Just look at the couple in the advertisement… they seem very happy.

        Advertising

        Back to the Presentation…

        During his presentation, Wallace spoke of a study that was conducted at Stanford University in early 2008, where a group of subjects sampled two different wines; a cheaper wine ($20 bottle) and a more expensive wine (over $100). They then reported their feedback to the researchers. For this study the participants knew the value of each of the wines and as you might expect, the vast majority scored the expensive wine highest, in terms of taste and pleasure, and the cheap wine at the other end of the scale. In order to make the study even more scientifically valid and objective, the researchers conducted MRIs on the participants to see if their perceived enjoyment (of each wine) correlated with what was happening physiologically in their brain. And guess what? It did. The wine which they perceived to taste the best and give them the most pleasure actually created a comparable pleasure response in their brain. And of course, the cheap wine showed the opposite; a lower level pleasure response. Now, all those results are interesting but what’s totally fascinating is that the two wines (the cheap and the expensive) were actually…. the same wine! There was no cheaper or more expensive version; they were both a relatively cheap wine.

        Doh!!

        That’s right, not only do we have the capacity to create our own pleasure and pain but we also have the ability (via our thoughts, beliefs and expectations) to actually create significant bio-chemical changes in our brain. In other words, we can think ourselves to pleasure. Or misery. Literally. Our beliefs create our reality – even when it comes to the pleasure a cheap wine can give us.

        My Budget Wardrobe

        A few weeks ago I did one of my regular TV gigs for the show I work on. For the segment, I wore some jeans, a pair of boots and a new short-sleeved shirt. A friend of mine who is a self-confessed clothes snob and fashion aficionado informed me that “I looked great.” Here’s a snapshot of the conversation we had:

        Friend (F): “Hey, saw you on TV this morning, you looked great. Gorgeous shirt, that colour really suits you. Is it new?” (I was still wearing the same clothes)
        CH: “Thanks. Yep, new shirt. Bought it all by myself!”
        F: “Well done, where did you get it?” (trying to get an idea of its cost and whether or not she should like it!)
        CH: “Some shop in the city.” (I actually bought it at Target)
        F: “Was it expensive?” (knew that was coming)
        CH: “Not too bad; it was reduced from $150.00 to $90.00.” (complete lie, it cost $25.00!)
        F: (now with a look of approval on her face) “Wow, that’s cheap for a nice shirt like that. Good shopping by you. It makes such a difference when you wear quality clothes. And the jeans, they’re nice…”(searching for some more info)
        CH: “Yeah, picked them up when I was in the States earlier this year. They were on special for a hundred and forty bucks.”
        F: “Wow, that’s good value for nice jeans like those.”
        CH: “Now, do you want the bad news?”
        F: “What?”
        CH: “The shirt cost me twenty five bucks at Target.”
        F: “Did not.”
        CH: “Yep, it did and my expensive jeans actually cost me forty five bucks at the same store and my boots were a freebie from the good folk at ‘Caterpillar’; I did a gig for them recently. So my entire outfit, including socks and jocks, cost me less than eighty bucks.”
        F: (look of disbelief on face)

        Advertising

        Needless to say, the revelation of the cost and origin of my ensemble changed the dynamics and the tone of the conversation instantly. When I pointed out the obvious fact that she had been sucked into the mindset of ‘dearer always equals better’, she didn’t want to hear about it. I was informed that I “just don’t get it”. All of a sudden my “gorgeous shirt” wasn’t nearly as appealing. And of course we all know you can’t buy “gorgeous” for twenty five bucks.

        So why do (some) people do it?

        Most of us have a preference for certain labels or brands because of positive experiences we’ve had with particular products over the years – that’s understandable (intelligent even) and not what I’m talking about today. No, I’m talking about people who have an unhealthy and irrational desire to own certain labels no matter what. I’m talking about people who won’t even consider another less-expensive label – even if that label is of comparable or identical quality to the more desirable label. I’m talking about people who love to be seen drinking the expensive wine, even when it tastes like crap. And I’m talking about the person who puts him or her self under huge financial pressure to buy the car that they really can’t afford and definitely don’t need.

        On some level, Label Shoppers believe that ownership of a particular product will meet some kind of need in them. And they’re right. For a day. Because that’s about how long it will be before they will need to shop again. Amazingly, those $800 jeans won’t lead to life-long nirvana or universal approval or acceptance. Who’da thought? By the way, the need they have is emotional, not practical. Nobody needs thousand dollar (plus) shoes, but people want to be associated with certain labels because somewhere along their journey they’ve learned that ownership of said labels will equate to attention, approval and acceptance; what they’re really after.

        The Why Behind the What

        So again, it comes back to the ‘why’ behind the ‘what’. What they want is the label, but why they want it is the key to this puzzle. Consciously or not, many (many) people don’t believe that they’re good enough – that is, smart enough, pretty enough, desirable enough, lean enough or interesting enough. And as a consequence they will endeavour to make up for their perceived shortcomings with desirable accessories and assets; stuff to impress their peers. “They’ll like me more if I’m driving this car, wearing these clothes, living in that house or owning that gadget.”

        As for me, thankfully most of my friends love me unconditionally – even in my twenty five dollar Target shirt, my very cheap jeans and the boots I didn’t pay for.

        More by this author

        Craig Harper

        Leading presenter, writer and educator in the areas of high-performance, self-management, personal transformation and more

        Take Back Your Personal Power (Part 1) Take Back Your Personal Power (Part 2) Do You Make These 10 Common Mistakes Before Weighing Yourself? If your Childhood Sucked – It’s Time to Stop Blaming Your Parents! Exploring Relationships with the Single Weirdo

        Trending in Lifestyle

        1 Science Says A Glass Of Red Wine Can Replace 1 Hour Exercising 2 What Should I Do Today? 30 New Things To Do Today 3 What Drinking Coffee Does to You 4 20 Health Benefits of Coffee (And How to Get the Maximum Benefits of It) 5 The Ultimate Coffee Guide For Energy Boost

        Read Next

        Advertising
        Advertising
        Advertising

        Last Updated on January 26, 2021

        Science Says A Glass Of Red Wine Can Replace 1 Hour Exercising

        Science Says A Glass Of Red Wine Can Replace 1 Hour Exercising

        Are you a red wine drinker? What if I tell you sipping in a glass of wine can equate to an hour of exercise? Yup, it’s tried and tested. A new scientific study has just confirmed this wonderful news. So next time you hold a glass of Merlot, you can brag about one hour of hard workout. Rejoice, drinkers!

        What the study found out

        “I think resveratrol could help patient populations who want to exercise but are physically incapable. Resveratrol could mimic exercise for the more improve the benefits of the modest amount of exercise that they can do.”

        (applauds)

        Advertising

        I’m not saying this, but the study’s principal investigator Jason Dyck who got it published in the Journal of Physiology in May.

        In a statement to ScienceDaily, Dyck pointed out that resveratrol is your magic “natural compound” which lavishes you with the same benefits as you would earn from working out in the gym.

        And where do you find it? Fruits, nuts and of course, red wine!

        Advertising

        Did I forget to mention Dyck also researched resveratrol can “enhance exercise training and performance”?

        There are limits, of course

        But, all is not gold as they say. If you’re a lady who likes to flaunt holding a glass of white wine in the club or simply a Chardonnay-lover,you have a bad (sad) news. The “one hour workout” formula only works with red wine, not non red wines. And don’t be mistaken and think you’ve managed 4 to 6 hours of workout sessions if you happen to gulp down a bottle of red wine.

        And what can replace the golden lifetime benefits of exercise?Exercise is just as important as you age. Period! But hey, don’t be discouraged; look at the bigger picture here. A glass of red wine is not a bad deal after all!

        Advertising

        The health benefits of red wine

        But just how beneficial is the red alcoholic beverage to your body? As we all know red wine is a healthier choice youc an make when boozing.

        Let’s hear it from a registered dietitian. Leah Kaufman lists red wine as the “most calorie friendly” alcoholic beverage. Sure, you won’t mind adding up to a mere 100 calories per 5-ounce glass of red wine after you realize it contains antioxidants, lowers risk of heart disease and stroke, reduces risk of diabetes-related diseases, helps avoid formation of blood clots and lowers bad cholesterol level.

        Wantmore? Wine could also replace your mouthwash because the flavan-3-ols in red wines can control the “bad bacteria” in your mouth.To add to that list of benefits, moderate wine drinking may be beneficial for your eyes too – a recent study mentions.

        Advertising

        Be aware of the risks, too

        Having mentioned all the ‘goods’ about red wine, you cannot underplay the fact that it is still an alcohol, which isn’t the best stuff to pour into your body. What is excessive drinking going to do to your body? Know the risks and you should be a good drinker at the end of the day.

        However, you don’t want to discard the red vino from your “right eating”regimen just because it stains your teeth blue. M-o-d-e-r-a-t-i-o-n. Did you read that? That’s the operative word when it comes to booze.

        By the way, when chocolate is paired with wine, particularly red, they can bring you some exceptional benefits towards your health.But again, if you tend to go overboard and booze down bottles after bottles, you are up for the negative side of alcohol, and we all know what too much of sweetness (sugar) can do to our body (open invitation to diabetes and heart diseases if you aren’t aware).

        Folks, the red grape beverage is certainly a good buy to have a good hour’s worth of cardio, provided you keep the ‘M’ word in mind. Cheers!

        Featured photo credit: James Palinsad via flickr.com

        Read Next