The meaning of ‘luxury’ MRS Conference September 16th 2015 Richard Smith Director Milena Castellnou Research Manager A dictionary definition of luxury Pronunciation: /ˈlʌkʃ(ə)ri/ Definition of luxury in English: noun (plural luxuries) Mass Noun Count Noun In Singular Origin A state of great comfort or elegance, especially when involving great expense: he lived a life of luxury An inessential, desirable item which is expensive or difficult to obtain: luxuries like chocolate, scent, and fizzy wine A pleasure obtained only rarely: they actually had the luxury of a whole day together Middle English (denoting lechery): from Old French luxurie, luxure, from Latin luxuria, from luxus ‘excess'. The earliest current sense dates from the mid 17th century. 2 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 What would help us to understand luxury better? We know what luxury looks like / what represents luxury : SO WHAT? We wanted to know what luxury ‘means’ We wanted to know how consumers thought about luxury • What does it mean to them? • What does it give them? • What thoughts, feelings and behaviours are associated with luxury? • What frames and mental models do they have around luxury? 3 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Principles of ZMET 1 95% of human thinking and emotion happens in the subconscious – afterwards, decisions and attitudes are rationalized but are they the true motivation? 2 Thought and emotion is a series of neural activations in the form of images, not words – therefore research needs to go beyond words in order to go deeper. 3 Metaphoric thinking is the basic mental process by which we create meaning and make sense of the world. Metaphors can open windows to the subconscious. 4 Emotion is critical to how we think, behave, and interpret our world … and is intimately intertwined with reason. Metaphors can uncover and explain our largely unconscious emotions. 4 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 ZMET® deliverables Rich Consumer Imagery and Commentary: A visual and verbal representation of the mind regarding the topic The Deep Metaphor Framework: The Mind Map: Universal mental concepts that organise and structure our thinking about a topic Networks of connections between ideas surrounding the topic 5 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Who did we speak to? Younger ‘spare cash’ • • • Aged 25-40 £75k+ household income and/or £75k+ liquid assets None with children 4 Middle-aged ‘spare cash’ • • • Aged 40-55 £75k+ household income and/or £100k+ liquid assets At least 2 with dependent children 4 Wealthier / Mass Affluent • • • • Aged 30-65 £100k+ household income and/or £150k+ liquid assets All to be ‘sorted’ financially At least 2 with dependent children under 18 4 6 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 The ZMET pre-task Luxury is a hot topic at the moment. The V&A are currently running an exhibition on luxury. Recently Channel 4 had a programme on what luxury meant to the ancient Greeks. It’s easy to think of the classic symbols of luxury; the things that represent luxury. But what is the role of luxury in your life? What thoughts and feelings come to mind? Now, imagine you had to express these thoughts and feelings without using words…and you had to do this using pictures instead. With that in mind, please find 3-5 pictures which express your thoughts and feelings about luxury and the role of luxury in your life • List of do’s and don’ts • Invitation 7 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Luxury is an experience not an adjective! When people think about the meaning of luxury and its role in their life they focus on: Emotion • What luxury does for them • The emotions that produces They find it much easier to connect these outcomes and emotions with SERVICES Outcome PRODUCTS were much less salient as direct providers of luxury For example: A luxury car can provide experiential benefits: Benefit • Comfort ; speed (time); security; social connections But it is those experiential benefits that are directly associated with luxury – not the car itself. Attribute When people buy a luxury product – they are buying the outcomes 8 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Luxury is relative and is correlated with contentment There is a spectrum of luxury, depending on how contented we are with our own lives: • For some, luxury is the little things in life that money cannot buy • For these people, luxury is something they have or is within their grasp • These people tend to focus on how blessed they are / the luxuries they experience • For others there is a strong connection or correlation between luxury and wealth (monetary value) • Here luxury is represented by the unattainable; the yacht; the 10 star hotel; the Steinway concert grand • These are people still ‘hungry’ for luxury – perhaps postponing current enjoyment in favour of future joy 9 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Amongst our target audience we found four key frames or ‘Deep Metaphors’ for luxury PERSONAL EXPRESSION CONNECTION TIME CONTAINER: FREEDOM / ESCAPE PROTECTION CONTAINER: PROTECTION 10 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Time is at the epicentre of the meaning of luxury • The most valuable resource of all – and a finite one • Time for yourself - or with your family /friends − Holidays / restaurants or just quality time / ‘me time’ • You can ‘buy’ time by: − delegating tasks / personal services − Buying things which have taken time to craft / make • Lack of time = stress / pressure / shackled to work / other commitments Time is multi-dimensional when it comes to luxury • BEFORE: The anticipation of a luxury experience or buying a luxury item • DURING: Time changes − Goes slower for pleasurable experiences − Share experiences / holidays − Goes quicker for things that might otherwise be dull / tedious − i.e. queuing at the gate in the airport • AFTER: The memories linger: − Nostalgia − Memories / photographs 11 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 ‘healthy’ luxury involves experiences which can be shared “To me, luxury is what you have in your life rather than what you can buy in your life” • Family and friends − For example, the hot tub that can be enjoyed as a couple – and with friends • Gifts from others – physical gifts or services • Sharing /gifting to others/ with others • Being able to own a pet / having the time to look after it / have it looked after for you There is a yin /yang between: • Luxury for ME – which can be indulgent / selfish and negative − But not necessarily – sometimes pampering or owning something special can be OK • SHARED luxury / gifted luxury which is usually healthy / good − Although sometimes sharing can go as far as ‘showing off’ 12 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Luxury is freedom – but also safety Luxury strongly linked with FREEDOM and the idea of ESCAPE • FREEDOM to do whatever you want to do But luxury also linked with experiences related to protection, safety and insulation: • COCOONED in your house / your favourite comfy chair / your four poster bed / away from the world − Not being trapped by work or routine • ESCAPE from the normal / the everyday / the mundane / the monotonous (and the mass produced) Luxury provides SEPARATION from the crowd / the other for you and your family/friends − Not being limited by lack of resources or choice or imagination 13 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Being able to express your own personality and identity Consumerism and flashy displays of wealth perceived as the darker side of luxury Preference for: Expressing your own identity via luxury goods or experiences transcends normality and mortality • It makes you feel super human • Understated luxury − Like the BMW M3: only a connoisseur will know it’s a ‘special’ car • Authenticity − Something that has heritage 14 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 A framework for luxury, with Time at the centre Protection Personal Expression Products and experiences that take time to make and that carry memories and therefore express the impression you wish to make on the world Time Freedom / Escape You invest time in order to build protection into your life – which is then recognised as a luxury Connection Connection impacts on the quality of the time you spend For much of your life, your time is not your own in luxury it is released 15 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Time is one of the most important themes and directly feeds into a sense of control and achievement “ Achieve In control You can have people help you do things in life so that you don't have to do certain tasks. So, for example, cleaning home, or driving, or doing personal administration or something like that, having a PA, nanny, all those sorts of things, butler, all that stuff that comes with being able to buy time, to have additional time. Most people wouldn't have the choice, or have the ability, based on probably finance. So in the modern pressures of the world they are probably under slightly more pressure.... I suppose it gives you a feeling of power, which is you've got choices that the other most people don't have. “ Choices Free time Time is recognised as extremely valuable and benefiting from more available time by delegating some tasks gives the option to choose how to use it, and ultimately provide a sense of control over one’s life. This dimension is crucial to driven individuals looking for a feeling of achievement. Personal services This is highly relevant to the personal service industry, but can also work as a trigger for purchasing technologies which reduce the hassle of certain tasks. A technology company and a dog walking service are therefore in the same business: creating the luxury of more time to allow their clients to lead fuller lives. 16 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 The choices that a luxurious lifestyle offers also have a strong impact on the sense of control over one’s life “ I had made the mistake over time of going through with so many different wardrobes and it was all wrong and I had to live with it for a while. It's just annoying you every day and it's not working properly for you.It was quite satisfying. You feel quite grown up actually as well. It's quite mature. Actually because it's an every day functional thing it's really important. Yes and actually every day when you're going through your wardrobe you feel really nice and organised. You feel together. Achieve “ In control Choices Bespoke Beautiful/ classic Expensive /brands The perception of luxury is partly linked to the physical or esthetical quality of the goods. However quality is often considered as a given, and the emphasis is put on added elements that feel special or unique. For objects, the idea of ‘craftmanship’ emerges: an individual item built with skill, as opposed to mass produced goods. With this audience it is more about authenticity than the ‘bling’. Bespoke, understood as meaning ‘perfectly right for you’, is also a key concept. This individualisation of the goods gives consumers the feeling of having a wider range of choices available and control over their lives. Finely created 17 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Free time is also crucial to be able share experiences with loved ones and create strong connections In order to be in that place at that time it's quite an expensive trip and you would treat your family. There's no point in going on your own to do these things. It's about sharing these things isn't it? It's about sharing it with whoever you want to come with you and share it. … Oh gosh you know that you're better for it as a person because you know what really matters, what's really important. So like I said it's that thing of making time to spend with family and getting your priorities right. Connection / love “ Sharing Free time also allows individuals to focus on what matters the most to them, and connect with their loved ones. Pleasure derived from shared experiences came up particularly strongly in the research. For parents, the opportunity to be with their children for an extended period of time during holidays is crucial to family bonding. Close friendships, in which you can be yourselves, are also perceived as a luxury, as can be the unconditional love of a pet. Free time Peak experience “ To me, luxury is more what you have in your life rather than what you can buy in your life. “ “ The potential for sharing the experience should be emphasized – for most, this is more valued and ‘guilt-free’ than individual purchases. 18 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Experiences allow individuals to escape their routine, relax and be themselves That's the luxury of feeling pampered. That's all about my love of spas, luxury hotels, being in fantastic surroundings. It makes you feel amazing. You feel uplifted, energised, relaxed, pampered, they smell lovely, it's just a joy. It's really relaxing and it's very easy to forget things or switch off … I think it's quite difficult to feel relaxed in London. I work in an office. It's all open-plan, 70-odd people in there, phones going, noise, radio's on. “ Escape, through holidays or shorter experiences such as nights out or spa days, is an integral part of a luxurious lifestyle. It has both an individual dimension (‘me time’), which is very much a multi-sensory experience, and a shared one. Ultimately, it allows individuals to relax and recharge their batteries – which is seen as a necessity to cope with Londoners’ busy lives. During these moments of escape, individuals are also able to express themselves fully, without having anything to prove to anyone. In addition these benefits extend way beyond the time actually spent away. Freedom to be me Recharged / at peace Escape “ Me time I like to go fairly unencumbered, and actually to me it's a pleasure to leave all my belongings and all my woes and stresses at home and then just go and see how other people live. Anticipation Nature/ quiet “ “ Peak experience 19 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 The experience continues in memories and reinforces existing connections “ Both familiar objects and past experiences create strong memories which, associated with family members or friends, can be very powerful. For objects, this is linked to the idea of legacy – passing something to the next generation that has been in the family for a period of time. Similarly for holidays and special moments, the experience does not stop when one gets off the plane. Connection / love Nostalgia “ I can remember my family we were in Thailand and we were sitting on a tree and we were all just sipping these smoothies. I can honestly tell you in that moment all of us together really peacefully we were all so happy all at the same time. We were all really fully contented. Actually to have that moment where everybody in your family, everybody that you care about where everybody is completely content that is quite an achievement. I actually return to memories like that and they're very precious. Peak experience Beautiful/ classic Finely created “ “ With the pictures that we own, I remember seeing them after one of my children was born and just stopping when I came into the house, so there are memories like that that are attached. The pictures do hold parts of your life that you've experienced and you wouldn't want to lose that. I like having memories triggered, invoked and I'm not sure whether or not that would occur with as much frequency if I was left to my own devices. The experience starts with the anticipation and is retained in memory, long after the moment is passed. These multiple dimensions should not be overlooked and providers must look broadly at their offering, rather than just focusing on the mechanics of delivery. 20 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 The emotional implications of gift giving should not be overlooked “ Privilege Freedom to be me “ Obviously with this picture it's the Royal Family, so they're stooped with wealth, they have the abundance of time as well. And ultimately everyone seems to be happy. If I have got the ability to affect other people in the same way, so they feel like that as well, which is what I'm trying to get at, then it almost would be a euphoric state, because I'd also be feeding off other people's energies, the fact that they're also feeling how I'm feeling. So whilst I've achieved luxury I am creating luxury for people that matter to me. Gifts bring happiness when they are received and make the recipient feel privileged. There is also a great deal of satisfaction to be derived from treating others: the giver enjoys seeing others happy and also gets to become the ‘provider’. This dimension was found particularly gratifying by male respondents who often mentioned treating their wives and children. Being a provider “ “ It represents something in terms of feeling privileged that one of my best friends works for Virgin Atlantic, and I'm on her concessions, and therefore I get to travel for virtually no money to incredible places and potentially get bumped up to Upper Class... I feel very privileged that she only gets four people to put on her concessions and I'm one of them. A) it proves that I'm a very close friend of hers. B) I am extremely grateful …. It's sort of a sense of excitement, I guess it's a little bit like holding the ticket with the EuroMillions because you're very lucky. Giving / Treating others Unexpected Gifts 21 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Exclusivity is multidimensional: it creates an impression of safety and is also seen as a privilege that allows individuals to be themselves Separation from others Freedom to be me “ This is the Hospital Club, it's a private members club and I've been a member there for about a year and a half…. You don't get any hassle, like very rarely will anybody talk to you unless they can see that you want them to. The staff are great, it's just a nice feeling and it's a great place to take people. It feels a bit exclusive which is nice. It's a good crowd in there. it's just nice, working in a place in Covent Garden, to have somewhere that's a bit of a sanctuary. Like I say, the staff get to know you if you go in there fairly often. I think it's, yes, it's somewhere, that you just don't get hassle because you go to other places and... Hassled by guys that are just drunk. “ Protected Privilege Peak experience Exclusive Private clubs Private clubs were mentioned for their ability to make individuals feel special: only certain people can get in and members of staff by getting to know their customers add a certain level of tailoring to the offer. Being separated from others (e.g. by living in nicer areas) also makes individuals feel protected, it creates a cocoon or a safe haven. 22 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Exclusivity also has an external dimension: it is a way to impress people and feel superior to the crowds “ Exclusive Private clubs Expensive /brands Luxury goods and services can also be used to visibly badge or advertise one’s status as an affluent and successful individual. We observed a definite gender split: this dimension of the map tends to be more relevant to male respondents. For females, this can be mentioned as a competitive need for perfectionism in one’s appearance or home. At the same time, respondents from traditionally wealthy families rejected the ‘bling’ and ‘diamonds like a coconut’ – impressing friends is most often a bit more subtle. It's probably more to do with the membership or affiliation to certain clubs which would make me feel an element of a feeling of success and achievement, because you're associated with a club, or you can get access to a certain club. Like a luxurious club, very constrained; only a certain number of people can be members, and they have to have a certain background, through family or something like that, and they are exclusive. So if I had an outward feeling of success it would be inviting friends, or family or something like that, but mainly friends, to the club for entertaining. “ Impress “ That's what you're trying to get; an experience, an object, something that only you and a small number of other people can have. I think that the way human beings operate is that it offers a sense of, 'I have something that you don't', a sense of oneupmanship, a sense of, 'I'm doing better than you are'. I think that's pretty innate in most human beings to want to be the best, be better and in some people, to rub others' noses in it. “ Feeling superior 23 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Personal indulgences through shopping can occasionally leave a feeling of guilt Guilt Indulgence I don't need expensive watches, drive flash cars, own thousand pound suits etcetera; these aren't important things to me. So if I found myself suddenly buying those things for myself it wouldn't feel like me. If I then got pleasure out if it, well, then I'd feel slightly guilty for it. It would seem a betrayal of myself. No, I try not to spend large amounts of money on myself but if I were to then if I were to go into Selfridges later and buy myself a Rolex or something then I think I would love it. But I would be tinged with guilt that I'd spent that amount of money on something for myself that tells the time. I would feel I'd taken away from giving things to my children or something. “ “ Expensive /brands Guilt was only mentioned in relation to ‘unnecessary’ purchases. When individuals buy items for others or to share with others, they find justifications for these purchases (e.g. bonding, treating others). However purchases aimed at pleasing the individual only can occasionally trigger a feeling of guilt, especially amongst those with a family. This emotional reaction was not observed in relation to experiences, even solitary ones (spa days etc.), which tend to be framed as ‘needed to recharge the batteries’. 24 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Identity experiences Protected Feeling superior Emotional outcomes Freedom to be me Psychosocial outcomes Connection / love Achieve Impress Functional outcomes Recharged / at peace Attributes Escape In control Separation from others Guilt Me time Sharing Being a provider Choices Anticipation Indulgence Free time Nostalgia Privilege Nature/ quiet Exclusive Peak experience Bespoke Beautiful/ classic Private clubs Expensive /brands Giving / Treating others Unexpected Personal services Gifts Finely created 25 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 Final thoughts For this target audience; mass affluent working folk with some money… Luxury is an experience, not a luxury - when you’re selling a luxury ‘X’ - focus on the benefits of X Luxury can be aspirational, but not always - sometimes it’s the things you have as much as the things you want or can be bought Time is at the epicentre of luxury - the most valuable finite resource in human experience Space and separation are also important, both in terms of exclusivity and a sense of safety; protection; feeling cocooned Sharing and gifting luxury takes away any negative sense of indulgence, selfishness or display In positioning overtly luxurious goods, the benefits should not be solely positioned as indulgent or status driven; if you allow the angel and the devil to ‘come to an arrangement’ within the mind of your target consumer, you have much more chance of success! 26 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15 For further information Richard Smith Milena Castellnou Director Research Manager +44 (0) 20 7400 1018 +44 (0) 20 7400 0398 +44 (0) 7875 549065 [email protected] [email protected] www.linkedin.com/company/bdrc-continental www.bdrc-continental.com Follow us on: 27 J:\Current Jobs\F+\22109 Luxury ZMET study for MRS conf\Reporting/MC RS 10.09.15
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