Electrolux Group’s Post

Understanding when to #monetize #features discreetly as opposed to adding them into a pre-existing #package is usually a fine line to walk. If you don't monetise the features discreetly you are likely not maximising value, but if you monetise everything you create buyer choice-paralysis or an experience like booking on a low cost airline. Getting these trade-offs right, is complex, but can result in significant #valuecreation and value accrual. It is imperative to know what you are in-fact trying to sell, where your competitive moat stands, and most importantly what your users want, need, and value by segment. The creation of a recipe app by #Breville for their users shows deep insight and great monetisation strategy. Adding product value to drive core electrical sales, appealing to a broad swathe of their users, and not pivoting the business to chase a non-core revenue pool (recipes). This type of exclusive offer can also generate greater brand loyalty for the next electrical sale, driving greater share of wallet. https://lnkd.in/gZ-xTzSj #valuecapture #userneeds #userinsight #FastCompany #noncore #core #pivot #app #pricing #pricingstrategy #competitivemoat #competition #valueadd #segmentation #recipes #exclusiveoffer #loyalty #brand #brandloyaty #electricals #pricingtheory

Impressively, the tech can be incorporated into a variety of kitchen appliances as well: set timers, preheat ovens, or transfer cooking settings directly from smartphones. https://ow.ly/pPK950PGfQn #cooking

In today's fast-paced world, the kitchen remains a focal point of home life, where efficiency and smart management matter more than ever. That’s why we at Premier Appliance Store proudly recommend GE Profile Smart appliances to our shoppers. Not only do they offer exceptional features at affordable prices, but they also bring a whole new level of intelligence to your kitchen. But today, we’re not focusing on the whole kitchen. We’re zeroing in on Profile’s Smart Dishwashers and the SmartHQ app, which do a whole lot more than you think. https://lnkd.in/gBrCFBVt

Generative AI Is Coming To Your Home Appliances #GenerativeAI is transforming home #appliances into #smarter, more personalized helpers. #GE's app offers AI-generated recipes, while #Samsung's tech learns from user habits. Companies like #Miele and #LG are using AI for diagnostics and user guidance, leading to a #future where appliances not only understand our needs but anticipate and adapt to them for a more intuitive home #experience. https://lnkd.in/ed93PGrd

[MODERN LIVING IS INTELLIGENT LIVING] The V-ZUG app shows you all of your networked appliances and lots of additional information, along with the most up-to-date instruction manuals for each networked appliance. You can safely throw away your bulky, paper instruction manuals. Thanks to software updates via the app, V-ZUG-Home always keeps your appliance up to date with the latest technology and functions. 𝐀 𝐮𝐧𝐢𝐪𝐮𝐞 𝐜𝐨𝐨𝐤𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 Whether you’re looking for a simple aperitif or a sophisticated dinner menu – the app has a wide choice of recipes to pamper your guests. 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐦𝐚𝐝𝐞 𝐞𝐚𝐬𝐲 The recipe collection in our app whets the appetite of gourmets! Just one click and the Bring! App on your smartphone or tablet will display a shopping list with the ingredients for the recipe you’ve selected. 𝐘𝐨𝐮𝐫 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐜𝐨𝐨𝐤𝐢𝐧𝐠 𝐚𝐬𝐬𝐢𝐬𝐭𝐚𝐧𝐭 What’s the quickest way to cook rice or how can vegetables be cooked so they stay crisp? Your assistant answers such questions straight away. It finds the right setting and helps you prepare your food. Why not try out the practical scanner? Simply point your smartphone camera at an ingredient and find the best ways of preparing it. 𝐒𝐭𝐚𝐲 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 Your connected appliances enable you to check their current status simply at any time. For example, you can check the current temperature in the cooking space or if you’re using the soft roasting sensor you can get information on the current soft roasting temperature. You can also find out when the program on your steamer or washing machine will be finished. And much much more ….. #kitchens #appliances #kitchendesign #kitchenshowroom

As a self-proclaimed head chef of my household, I recently purchased some new LG Electronics's kitchen appliances. One of the major selling points was their innovative mobile app. The journey with these appliances has been fascinating, from receiving alerts about an open fridge door to preheating the oven remotely from anywhere around the world🌐. The continuous software updates have further enhanced their functionality, making every cooking experience a tech-savvy delight. However, a peculiar oversight caught my attention. Despite their advanced features, these appliances falter at an essential task post-power outage: resetting the time ⏰. The product manager was obviously not a child of the 80s as the issues remind me of the blinking "12:00" on everyone's VCR, a simple yet essential feature overlooked. This highlights a crucial aspect of product management - the importance of thorough customer research before launch. It's not just about the innovative bells and whistles; meeting fundamental customer expectations is critical. I think a miss here can overshadow the unique value your product offers. As we innovate, let's remember the basics. They are often what customers remember most. Your thoughts? #ProductManagement #Innovation #CustomerExperience #TechIntegration

Have you ever wondered how our app is revolutionizing and modernizing the laundry industry? Look no further than this article on our website, which dives deep into all the key features that make iLaundry a new answer to your unique laundry needs: . #iLaundryApp #EntrepreneurLife #BusinessOpportunity #EarnFromHome #IncreaseRevenue #LaundryPickup #LaundryDelivery #DryCleaning #LaundryServices #DownloadTheApp #HoustonLaundromats

Discover the future of kitchen convenience with our curated selection of smart kitchen accessories. These efficient and innovative sidekicks simplify your cooking adventures, allowing you to control tasks effortlessly through touchscreens or smartphones. Learn More! #SmartKitchen #KitchenInnovation #EfficientAppliances #Cooking #Automation #Technology

In a twist to the smart appliance narrative, LG seems to be charting a fresh course. It appears that the tech giant is experimenting with a subscription model for their household appliances. Intriguing, isn't it? Imagine purchasing a smart fridge, only to then subscribe to certain features via the LG app. So, it's no longer just about the up-front cost of the fridge or washing machine. It seems we're looking at a future where a part of the functionality of your appliances could be locked behind a paywall. Is this the dawn of a new era for smart home tech?