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Enhancing the Value of Lifestyle Bundles

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  • Levens Michael

    (Walsh College, Troy, MI, USA)

Abstract

Research purpose. The study of marketing a lifestyle offering involves allowing brands from different categories to collaborate in giving, essentially, a new offering as a bundle to consumers. This is particularly important for brands operating in segments that have a significant loyalty or in segments that have become or are becoming commodities. A lifestyle offering can span categories and address latent consumer attitudes such as aspiration and convenience. Lifestyle bundles were introduced as a “way of life that individuals express by choosing to allocate their time and personal resources to a single package of two or more goods or services that they believe represent their current or desired way of life” (Levens, 2010). The initial research on lifestyle bundles was contextualized through a bundled multi-category luxury offering, targeting affluent consumers, which was built on the concepts of luxury marketing, bundling and the needs, attitudes and behaviours of affluent consumers. The bundle items include a home, a vehicle and a vacation club. This paper revisits the original work on this topic and explores ways to enhance interest in the underlying bundle proposition.

Suggested Citation

  • Levens Michael, 2019. "Enhancing the Value of Lifestyle Bundles," Economics and Culture, Sciendo, vol. 16(1), pages 1-7, June.
  • Handle: RePEc:vrs:ecocul:v:16:y:2019:i:1:p:1-7:n:1
    DOI: 10.2478/jec-2019-0001
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    Keywords

    Conjoint research; Lifestyle bundles;

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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