Perfume
Perfume
Perfume
• Fragrance Quality
• Longevity
• Versatility
• Skin Compatibility
• Ease of use
Psychological
Value
• Self-Expression
• Confidence Boost
• Emotional Connection
• Social Recognition
• Mood Enhancement
Monetary
Value
• Affordability
• Cost of Ownership
• Perceived Value
• Brand Investment
Target Market
• The ideal customer for my perfume is
individuals between the ages of 18
and 50. They likely work in various
fields such as corporate jobs,
healthcare, education, finance, etc.
These men and women are at a stage
where they have established
themselves in their careers.
Target Market
Using Segmenting
Strategies
• Demographic Segmentation
• Geographic Segmentation
• Psychographic Segmentation
• Behavioral Segmentation
Demographic
Segmentation
• Age
• Gender
• Income Level
• Education
Geographic
Segmentation
• Location
Urban areas with access to shopping
centers or strong online shopping
presence and cities.
Psychographic
Segmentation
• Lifestyle
These individuals lead busy lives,
balancing work and possibly family
responsibilities. They value self-care
and personal grooming as an essential
part of their daily routine.
• Values
Focus on quality, reliability, and
products that reflect their status and
success, while being practical and long-
lasting.
Behavioral
Segmentation
• Shopping Behavior
These individuals research products
thoroughly before purchasing. Online reviews,
recommendations from friends, or past
experiences with brands influence them. They
value products that are easy to go with their
routine without adding stress.
• Influencers
They are likely to follow influencers and trust
their recommendations when it comes to
purchasing a particular brand.
Building a
Buyer
Persona
for Our
Perfume
Pricing
For the perfume product, we are using a
Premium Pricing Strategy (also known
as Prestige Pricing). This strategy is
commonly used by brands that position
themselves as high-quality or luxury
products in the market.
Menu of Goods and
Pricing
• Signature Perfume (50ml) (Cherry
Blossom/ Red Rose)
Price: $120
A balanced, luxurious fragrance for both men
and women, perfect for everyday use or
special occasions.