May 24, 2011
Luxury products
What do rich people seek when shopping for luxury products. If I've correctly interpreted a recent training by one of our brand ambassadors - they buy experience. What is application for luxury shop finance? Probably the most obvious one is to stop saving on margins.On balance sheet it means significant investment in the environment: fixed assets, image, etc. What is application for personal finance?
Never buy luxury products until all other experiences are consumed.