How can small or artistic brands (like mine) price emotionally-driven products (like art or photography-based items) while still being competitive? What’s the best way to balance perceived value vs. actual costs in niche or lifestyle markets like coastal apparel or fine art merchandise?
Hey @Sailersco , thanks for another great question!
Before jumping in, here’s a reminder worth keeping in mind:
“Customers don’t buy your products—they choose the brand they love.”> Or this one:> “Customers don’t buy products—they buy the stories behind them.”
These quotes say it all. In emotionally-driven markets, brand image and storytelling matter a lot more than most people think. So if you’re selling products that carry emotional or artistic value, crafting a compelling product narrative is crucial.
Here’s what to focus on:
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Share your product story. What inspired you to create it? What does it mean to your audience? What emotional value does it deliver?
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Lead with one strong benefit. Don’t focus on specs—focus on what your product helps people feel or express.
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Avoid buzzwords. Test multiple content versions, but skip the overused marketing hype. Today’s customers connect with authenticity, not loud promos.
So how do you stay competitive?
If emotional value is your main selling point, you don’t need to outspend competitors on materials. Keep your product quality at a reliable standard, but don’t over-invest where it won’t matter. Instead:
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Win with story, service, and brand experience.
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Invest in things customers remember—like unboxing, visuals, or the way your site feels.
This keeps your costs manageable and your margins healthier.
Balancing perceived value vs. actual cost in niche/lifestyle markets:- Tell a clear, authentic story. People pay more when they relate to your values and story.
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Make the experience feel premium. Great packaging, thoughtful design, and smooth customer service elevate how your product is perceived—even if the production cost is modest.
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Price for the brand, not just the cost. Know your margins, but let your pricing reflect the emotional value you offer. A/B test prices and see what your audience is willing to pay when they feel connected.
Hope this helps—rooting for your success in the artistic space!
THANK YOU SO MUCH! This was SO HELPFUL!
Taking all of these tips to the T!
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