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11 Examples of Perceived Value

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Perceived value is the worth of a product or service in the opinion of customers. This can include logical evaluations and emotional impressions. Increasing perceived value is a primary business strategy that can improve customer satisfaction and pricing power. The following are illustrative examples of perceived value.

Function

The things that a customer can accomplish with your product or service. For example, an accounting service that removes a customer's administrative burden related to taxes.

Features

The way that functions are implemented such as an accounting service that gives a small business a monthly report that estimates quarterly and annual taxes.

Visual Appeal

The overall visual impact of a product or service. For example, a mobile device that looks sturdy and stylish.

Usability

The ease with which the product or service is used such as a mobile device that feels intuitive.

Packaging

The experience of unpackaging a product. For example, a cardboard box with no tape that is easy to pop open as opposed to thick plastic that requires heavy duty scissors to open.

Refinement

Attention to detail and good taste in design and operations. For example, a table setting at a restaurant that is perfectly laid out in ornate detail.

Brand Image

The way that a customer feels about a brand such as a fashion brand that is viewed as luxurious and high status.

Craft

In an automated world, things that are produced by hand may be perceived as higher value.

Personal Service

Attention from a person, particular someone who is skilled at customer service. For example, a waiter who remembers details about regulars such as their usual order.

Experience

Experiences such as the impression you get as you walk into a hotel lobby that features interesting architecture, interiors and social elements.

Rarity

The impression that an item is unique and hard to find. For example, a toy company that produces a large number of variations in limited supply.
Overview: Perceived Value
Type
Definition
The worth of a product or service in the opinion of customers.
Related Concepts

Customer Experience

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Amenities
Bliss Point
Brand Awareness
Choice Architecture
Critical To Customer
Brand Legacy
Customer Advocacy
Brand Loyalty
Customer Interactions
Branding
Customer Issues
Customer Journey
Cost Of Poor Quality
Customer Motivation
Customer Perceptions
Curiosity Drive
Customer Success
Customer Wants
Customer Convenience
Customer Expectations
Design To The Edges
End-User
Customer Is Always Right
Engagement Data
Experience Age
Experience Economy
Journey Map
Experience Goods
Lifetime Value
Feature Fatigue
Customer Marketing
High Touch
Lead Users
Customer Preferences
Customer Relationships
Customer Satisfaction
Moment Of Truth
Customer Service
Nudge Theory
Service Principles
Peak Experiences
Customer Value
Premiumisation
Quality
Service Experience
Service Quality
Experience Quality
Unboxing
Experience Sampling
Usability
User Intent
Fit For Purpose
Internal Branding
Perceived Value
Pricing
Product Design
Product Differentiation
Showrooms
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An overview of customer experience with examples.

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Critical To Quality

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