Three Shifts in your Marketing to attract more affluent Clients
How often do you hear “I’d love to work with you but I can’t afford it” from your clients? If you think it’s too often then chances are you are not marketing your services to the right people, those that can actually afford it and those that are affluent enough not to have to be out shopping for the lowest prices.
Marketing to affluent clients has many advantages: It’s easier to raise your fees, you don’t get bargain shoppers but people who value quality and people who will rave about your services to their (also affluent) friends. So how do you position yourself as attractive to this group?
1. Be clear about your ideal client
How clear are you about your ideal client profile? Is your marketing material designed to speak to those people who have the funds to pay your fees? What are their demographics? What affluent means is relative and it all depends on what kind of a fee you are planning it charge. But you want to make sure that your client is in life circumstances where they have enough disposable income to pay what you are asking. For example, a singe stay at home mum with two little kids with an income of $50,000 a year is not very likely to invest $20,000 in a premium image makeover session. While this is an obvious example, I suggest you look at your ideal client profile and just check that you are being realistic with your target audience.
2. Create a strong premium brand
A strong premium brand creates a sense of quality you can trust and it truly sets you apart in the market place. Affluent clients are more likely to buy from you if you have created a strong brand personality. A brand that stands for a clear message of premium, quality, innovative, glamorous or other attributes that are associated with being superior will be favoured by clients who have sufficient disposable income to spend. While budget conscious clients can’t afford to think this way, affluent people can and LIKE that they can ( I know that whenever there’s a premium option available, I’m likely to take it, because I can and I like the preferential treatment).
3. Don’t be a bargain
Affluent clients will not buy from you just because you are offering bargain prices. In fact, they may even be skeptical about the value of your service if you don’t charge enough. That’s right, you can lose sales if you undercharge. Affluent clients equate a premium price with premium service (you need to back it up and actually deliver of course). So if you are wanting to attract affluent clients, position yourself as a premium provider and have your fees be aligned with that.
I realise that doing this (especially the last one about raising your fees) takes some courage to do because whenever you select a specific group to target you are also deselecting another. It shows once again that you can’t be all things to all people. I do know though that if you consistently do the right thing with your marketing, attracting affluent clients to you is a much smarter strategy than being a bargain provider. And as for the middle ground, well, that’s a pretty wishy washy place to be. I suggest you make a decision and stand by it.
What are your thoughts? Would love your comments on this. Please leave me a note!






