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Business Daily

The business of scent

Apr 2, 2024
17:28
Snipd AI
Exploring the lucrative world of scents and perfumes, from influencing consumer behavior to creating unique fragrances like thunderstorm and pizza. Discover how scents can trigger memories and emotions, and how they are utilized in real estate marketing to attract buyers.
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Podcast summary created with Snipd AI

Quick takeaways

  • Scent can evoke strong emotions and memories, influencing customer behavior and creating emotional connections.
  • Utilizing unique scents in marketing, such as in selling properties, demonstrates the impact of smell as a powerful tool for creating favorable impressions.

Deep dives

The Evolution of Perfume Industry

The perfume industry has evolved significantly over time, from being an exclusive luxury to a more affordable treat after the Second World War. The mass market revolution led by fragrances like Revlon's 'Charlie' in 1973 transformed the market, making women buy perfume for themselves. Despite the dominance of big perfume makers, niche and artisanal brands emerged, offering unique and personalized scents to customers.

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