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AAB / Blog / The ‘Experience’ Economy – a need for authenticity
BLOG20th Mar 2018
An old (by definition!) school friend of mine used to say that you go through life buying experience; not stuff. He said this 40 years ago and has applied it as a life rule ever since. He used to walk a different way to school every day. A tough challenge as he lived about 10 minutes away as the crow flew. He is still like this today. As genuine and compelling a person as I ever met.
In the modern world, the desire for experiences, which are “authentic” rather than a collection of commoditised goods and services, is on a relentless march.
The discerning consumer has lots of choice and is motivated and encouraged to seek out and interact with authentic, valuable experiences. They are less worried about price. They can seek out cheaper. Barriers to entry are low and can and will be driven lower. They all cannot be fooled forever with (fake?) new names for old things.
Create an authentic, valuable experience with your “products” and you will never need to sell “to price”.
It is a big ask. Convince yourself of the value of your “product” and you will be sure to be more convincing to your customers. If you cannot, then you are selling on price or half-truths and operating on borrowed time.
Click here to watch an entertaining Ted Talks video, which makes the point.
For more information, contact us here.
How AAB can help
Our team support a diverse array of individuals such as employed professionals, business owners, families and international sports stars. As AAB clients, they all benefit from absolute confidentiality and share a unified goal of optimising and safeguarding their personal wealth. Our services extend far beyond mere tax return completion. In addition to standard personal tax compliance, our dedicated team of personal tax specialists delivers dependable and practical tax advice, ensuring full compliance and optimal positioning.
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