From your experience please quote a success story of a Marketing Strategy of a High price and Low Volume product sales.

 4P's still do apply to social media marketing, because4Ps is a marketing theory which can be applied to any medium in which social media in included. Social Media is just the latest trend of marketing medium, maybe after2 years there will be a new one. To finalized everything theories are always applicable to any form of subject it  was designed for, we just need to adjust small tweaking to make it run.