This story appears in the
October 2000 issue of
Entrepreneur.
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If you're trying to reach affluent customers, stay away from the flash, says Jonathan E. Robbin, president and chairman of Ricercar Inc. (www.ricercar.com), a Bethesda, Maryland, business information systems firm that specializes in targeting the affluent market. "It's important to distinguish between people who are truly affluent and those who [only] appear affluent."
Robbin offers these tips for crafting the right message for this market:
50 percent of millionaires live in middle-class neighborhoods, so geography is not a sure-fire indicator of wealth.
The truly affluent are generally frugal. Emphasize quality and value to them.
Affluent customers like their opinions to be respected-don't try to approach them with the "envy syndrome."
Gwen Moran is president of Moran Marketing Associates, a public relations and marketing communications agency in Ocean, New Jersey, and founder of BoostYourBiz.com, an online marketing information resource for businesses. E-mail her at gwen@boostyourbiz.com
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Gwen Moran
GWEN MORAN is a freelance writer and co-author of The Complete Idiot's Guide to Business Plans (Alpha, 2010).
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