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Re:How to sell a $300 chocolate bar by IAmGraydon on Friday February 23, 2018 @09:17PM (#16451236)
You have to remember that there’s a large group of people to whom $300 means little more than $5. That’s the target demographic for these products, and to them, there is no predicted risk in spending $300 on chocolate. In other words, they have no problem spending the money because there will be no pain if the product disappoints. The money just doesn’t matter.

Knowing that, you just have to figure out how to reach them with the promise of a novel, luxurious experience.

Re:How to sell a $300 chocolate bar by dpark on Friday February 23, 2018 @11:09PM (#16451608)
That’s actually a really small group and most of the people who buy ultra-luxury consumables are not in that group. Michelin star restaurants aren’t supported primarily by the ultra wealthy. Nor are niche luxuries like chocolate bars that cost hundreds of dollars.

There is really no predicted risk for anyone on a $300 chocolate bar. You spend the money and get a chocolate bar. If it’s the best chocolate bar in the world, great. If it’s junk, that sucks. Either way your $300 is gone.

Re:How to sell a $300 chocolate bar by munificent on Saturday February 24, 2018 @01:47AM (#16452106)
I don't think comparing this to a high-end restaurant is fair.

For $300, I can get an incredible several-hours long meal in a fantastic space, with devoted, engaging service. I'll have a great experience, memories forever, and inspiration for my own cooking. My friends will want to hear all about it. It's practically a half-day vacation.

It's reasonable for people that aren't super wealthy to save a bit and splurge for an experience like that every now and then.

This is a fucking chocolate bar. If I tell me friends I spent $300 on a chocolate bar, they will think I'm a crazy person.

Re:How to sell a $300 chocolate bar by kpil on Saturday February 24, 2018 @09:25AM (#16453334)
Especially since a 3-star restaurant is a $30 chocolate bar, not a $300 bar.

Maybe there are some restaurants for russian oligarchs and other people with bad taste and too much money, but unless you go crazy on the wine (which they keep around for just such guests) all the 2 and 3-star restaurants I've been to have been 10-25 times more expensive than mcDonalds,not 100-250 times.

Wine is tricky, the taste is complex,the experience depends so much on what you are or have been eating, temperature, the glass, and I suppose the ambience, and is a rather strong (upper-middle) class marker,so even so-so expensive wines are given much benefit of a doubt.

Re:How to sell a $300 chocolate bar by dpark on Saturday February 24, 2018 @11:13AM (#16453858)
It’s a fair comparison because they’re both within equal reach.

I think a $300 candy bar is stupid, but it’s objectively got no less utility than a $300 meal. You could eat a meal of rice and beans with a $300 candy bar for dessert and from a health and satiety standpoint you’ve probably equaled the $300 meal. The difference is the subjective experience.

Re:How to sell a $300 chocolate bar by rdtsc on Friday February 23, 2018 @11:57PM (#16451768)
> That’s actually a really small group and most of the people who buy ultra-luxury consumables are not in that group. Michelin star restaurants aren’t supported primarily by the ultra wealthy. Nor are niche luxuries like chocolate bars that cost hundreds of dollars.

A really small group with a lot of money is still worth paying attention to. Think about it like this, you wouldn't want to miss giving them a chance to spend that money. As the article says "To’ak chocolates—requires good storytelling". At that point it is all about storytelling. If you're selling a phone case, they are not buying just a wooden phone case, they are buying a hand crafted and polished product that came from an ancient jungles of South America, it was blessed by the shamans, and painted with pigment from crushed beetles etc.

Rich people will often look for ways (not necessarily conspicuous) of asserting their status. Spending money of frivolities like these is giving them a chance to do so. Many will understand that maybe all those claims are mostly bullshit, but they'll still buy it. Maybe just to show it off to their friends, give it as a gift, or flash it around their poor relatives and remind them what they'll never be able to afford.

Re:How to sell a $300 chocolate bar by dpark on Saturday February 24, 2018 @12:52AM (#16451955)
> Rich people will often look for ways (not necessarily conspicuous) of asserting their status.

The point is that non-rich do that, too. Most people buying luxuries are not ultra-rich. $300 dollar chocolate is not out of reach for the upper-middle class, or really even the regular middle class. It might be a dumb purchase, but you could realistically earn less than $50k/year and still buy a bar of this.

I would imagine that my peers make up a much larger portion of To’ak's clientele than Warren Buffet's peers.

Re:How to sell a $300 chocolate bar by pbhjpbhj on Saturday February 24, 2018 @09:17AM (#16453310)
People like to pretend they can afford anything. I think usually it's high-priced restaurants, over-priced fashion items, and such.
Re:How to sell a $300 chocolate bar by sandworm101 on Saturday February 24, 2018 @05:54AM (#16452715)
But the poor dont buy these products for quality. They buy them to emulate the rich. So you dont market to the poor. You market to the rich and famous knowing that the poor will follow. Get the queen to be seen eating your pies and tomorrow they will be sold in every grocery store.

The trick is too keep your price just under what someone living paycheck to paycheck might decide to spend on a special occassion. 300 is right in the middle of that range, the sort of thing one might buy as a special present.

Re:How to sell a $300 chocolate bar by dpark on Saturday February 24, 2018 @11:05AM (#16453814)
The poor don’t buy these things. The middle class does. No one is working for 40 hours to buy this chocolate bar.
Re:How to sell a $300 chocolate bar by sandworm101 on Saturday February 24, 2018 @01:45PM (#16454615)
Compared to the truly rich, the 0.1% who dont hesitate when dropping 300$ on a candy, middle class is poor.
Re:How to sell a $300 chocolate bar by dpark on Saturday February 24, 2018 @04:23PM (#16455501)
Sure. Let's redefine "poor" to mean "not ultra-wealthy". That's useful.
Re:How to sell a $300 chocolate bar by DanBC on Saturday February 24, 2018 @11:09AM (#16453832)
No, poor people will buy a bar of eg Michel Cluizel or Green and Blacks or Lindt, instead of Cadburys or Galaxy or Herschey.
Re:How to sell a $300 chocolate bar by JetSpiegel on Saturday February 24, 2018 @05:28AM (#16452641)
> Michelin star restaurants aren’t supported primarily by the ultra wealthy.

I think the ultra wealthy abhor those restaurants. I would imagine by that amount of money you would have private cooks.

Re:How to sell a $300 chocolate bar by mirimir on Saturday February 24, 2018 @12:44AM (#16451925)
Right, I've read about places in NYC where people (young trust-fund kids, anyway) spend $10K on brunch ;) Including champagne, admittedly, but still!
Re:How to sell a $300 chocolate bar by jacquesm on Saturday February 24, 2018 @08:52AM (#16453239)
If they are spending 10K on brunch it was good foresight of their ancestors to park the loot in a trust fund, otherwise they would likely end up broke.
Re:How to sell a $300 chocolate bar by mirimir on Saturday February 24, 2018 @04:11PM (#16455428)
Some of them do end up broke. I met this junkie in Amsterdam, who claimed that he'd burned through his trust fund. And then supported his lifestyle as a heroin smuggler, using young trust-fund women as unwitting mules.