Thursday, 15 September 2016

Limited Edition Product Lines - Why Deploy them?




The terms special editionlimited edition, and variants such as deluxe editioncollector's edition or expanded edition, are used as a marketing incentive for various kinds of products, originally published products related to the arts, such as books, prints, video games or recorded music and films, but now including cars, fine wine, and whisky, among other products. 

A limited edition is restricted in the number of copies produced, although in fact the number may be very low or very high. A special edition implies there is extra material of some kind included. The term is frequently used on DVD film releases, often when the so-called special edition is actually the only version released.


Why are they deployed?


1. Exclusivity rewards to loyal consumers


2. Greater packaging design impact – Triggers impulse purchases


3. Feel Good Association


4. Gain valuable social media and word-of-mouth buzz  to drive anticipation for the actual launch 


5. Minimize risk of a full roll-out by testing the interest in a product extension


6. Garner positive word of mouth publicity


Designer Furniture, Luxury Tables
Hollywood Table (Limited Edition) by Peter Shire for Memphis



7. Expand Consumer base


8. Generate excitement and buzz


9. Greater perceived value for existing core products 


10. Launch Events


11. Increased sales and profitability


12. Market testing



Limited Edition Louis Vuitton
The Louis Vuitton Stephen Sprouse Roses Neverfull Limited Edition Shoulder Bag


13. Enhanced Consumer Connect


14. Reaffirms Brand Choice  and reasons for purchase


15. Enhanced Share of Mind and Brand Recall


16. Brand Rejuvenation


17. Reinforces Brand Identity



Someday. Joy Baccarat Pure Parfum, Limited Edition by Jean Patou at Neiman Marcus

Inferences based on Case Studies on Axe/Lynx, Adidas, MAC, Beefeater, Dom Perignon,  Diet Coke, Kitkat, Pernod Ricard, Memphis, Louis Vuitton and Baccarat.


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