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Massification

Index Massification

Massification is a strategy that some luxury companies use to expose their brands to a broader market and increase sales. [1]

Table of Contents

  1. 6 relations: Brand extension, Celebrity branding, Diffusion line, Engagement marketing, Luxury goods, Millennials.

Brand extension

Brand extension or brand stretching is a marketing strategy in which a firm marketing a product with a well-developed image uses the same brand name in a different product category.

See Massification and Brand extension

Celebrity branding

Celebrity branding or celebrity endorsement is a form of advertising campaign or marketing strategy which uses a celebrity's fame or social status to promote a product, brand or service, or to raise awareness about an issue.

See Massification and Celebrity branding

Diffusion line

A diffusion line (also known as a bridge line) is a secondary line of merchandise created by a high-end fashion house or fashion designer that retails at lower prices. Massification and diffusion line are retail processes and techniques.

See Massification and Diffusion line

Engagement marketing

Engagement marketing, sometimes called "experiential marketing", "Brand Activation", "on-ground marketing", "live marketing", "participation marketing", "Loyalty Marketing", or "special events", is a marketing strategy that directly engages consumers and invites and encourages them to participate in the evolution of a brand or a brand experience.

See Massification and Engagement marketing

Luxury goods

In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending.

See Massification and Luxury goods

Millennials

Millennials, also known as Generation Y or Gen Y, are the demographic cohort following Generation X and preceding Generation Z. Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years, with the generation typically being defined as people born from 1981 to 1996.

See Massification and Millennials

References

[1] https://en.wikipedia.org/wiki/Massification