“My croissants are $4,” Maya says. “The supermarket sells them for $1.” Kotler smiles. “But what value do you give? The supermarket croissant is cardboard. Yours is buttery, Instagrammable, and smells like heaven. Reduce their non-monetary costs : time, effort, risk.”
Maya realizes: She was baking for her grandmother’s ghost, not for the modern street. principles of marketing by philip kotler ppt
— Philip Kotler
“My croissants are $4,” Maya says. “The supermarket sells them for $1.” Kotler smiles. “But what value do you give? The supermarket croissant is cardboard. Yours is buttery, Instagrammable, and smells like heaven. Reduce their non-monetary costs : time, effort, risk.”
Maya realizes: She was baking for her grandmother’s ghost, not for the modern street.
— Philip Kotler
