how to earn from rich people?

22 replies
recently this thought come to my mind....

we do IM usually are those want to earn some money....

usually these people are either poor or average buyer....

thus earnings might be small....but it take long time to achieve big earnings
well of course depend what niche you into.

I was thinking rich people usually like willing to fork out a lot of money on what they like?

branded stuffs?
posh cars?
or?

because to me I doubt they will buy those so call MLM programs , etc ....?


what do you think
#earn #people #rich
  • Profile picture of the author NutraCash
    Maybe investment stuff, golf, wine.
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  • Profile picture of the author Carter Boatright
    Actually I think lot of people doing IM are already making money from a corporate job and just want to get away from a stressful work situation so it's a good idea use that information to target that group into buying your stuff.
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  • Profile picture of the author Steve B
    Many of us have been selling into upscale markets for a long time.

    The formula for selling into such markets is no different than any other. Research to find out what the market wants and figure out how to access or create the perfect solution then place a compelling and valuable offer in front of them.

    Too many people are focusing on newbie marketers and make money systems and they are missing a ton of better opportunities.

    Steve
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    • Profile picture of the author discrat
      A lot of people are tepid in trying to pursue some of the more upscale markets as they feel like they do not have the expertise or sophistication to enter it.

      I think this can be where people really cut themselves short. Just a little confidence and experience and there is no reason why they cannot enter these Markets and be successful at it.


      - Robert Andrew
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  • Profile picture of the author Raydal
    Keep in mind that the wealthy are very informed buyers and they
    didn't get wealthy by spending willy-nelly. They also like to buy
    from other wealthy people--the rich club--and always looking
    for a deal.

    -Ray Edwards
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  • Profile picture of the author C G
    Most people starting IM are those who are not satisfied with their current job and believe that they have the potential to earn a living online.

    I know people who are making a lot from their day job but still dislike it. These people start IM to do something they love.

    Cheers,

    C.G.
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    • Profile picture of the author mlepisto
      Might want to consider how you're targeting this.

      It seems you're trying to target people because of their wealth. I don't think they identify with that as part of who they are.

      Wealthy people are just like other people, just with more money than some. That doesn't mean they spend more on everything or don't want to get a "deal" - perhaps they might buy more items (or not) or higher quality items (or are still very, very cheap ahem... price conscious)

      I would suggest you look at what your definition of "wealthy" people are interested in, and try to create a site that is tailored to that topic - golf was one example.

      But, I think having a site that is about golf but only "wealthy people golf" will have a much smaller market. Overall, golf is not a cheap sport but not only wealthy people play golf. Ruling out the average person who is really, really into golf and spends all their spare money on it would be a mistake in my opinion.
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  • Profile picture of the author Tom Addams
    You'd be surprised.

    I'm in the information business. I collect it, I create it, I sell it, I buy it.

    It sounds corny, but knowledge is power. The more you have, the more power. I regularly spend money on information and I regularly sell it.

    The people who spend the most money on information tend to be the rich. From my experience, anyway. Because here's the thing: if you got rich through information, the last thing you want is not to have information.

    GRM
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  • Profile picture of the author gabibeowulf
    Selling to the affluent is no different from selling "biz opps".

    1) You have to know the customer -- you can't really sell anything if you don't know what moves the customer

    2) You have to speak the lingo -- like mentioned previously, the affluent are usually very well informed buyers and want to work with the best, because they can afford it. You have to gain and retain trust before attempting a sale. A $7 tripwire might be frowned upon here and you would lose trust points.

    3) Offer more value than the price would indicate -- that goes without saying, but double when dealing with the rich.

    What would the "rich" buy? Safe ways that will help them protect their accumulated riches, investment advice from a highly trusted source, golf related items, high value art, gold and precious metals, etc.

    Want to start somewhere? Look up Agora...

    Best regards,
    Gabriel
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  • Profile picture of the author ecoverartist
    Have you ever read the book The Millionaire Mind by T. Harv Ecker? It's one of my all-time favorites and basically goes into some detail on the millionaire's mindset and how many millionaires out there don't drive the fancy cars, own the fancy home or go on the luxury vacations. Their activities define them as rich, not their purchases.

    That being said, people who are wealthy typically want to keep that wealth and protect it. So certain investments (real estate, precious metals, certain stocks) are always worthwhile. Others want ways to show their prestige like VIP treatments, exclusivity, higher tiers of service or luxury... things like that!
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  • Profile picture of the author Tom Addams
    Just realized: I didn't answer your question, OP. Sorry about that.

    Something I learned around 10 years ago.

    I'll pass on the advice that was given to me 10 years ago, or thereabouts. I was doing business with a very bright, very wealthy guy. As you do in business, you often forget the business at hand and just get chatting. He gave me some advice that has served me well, and I hope it'll serve you, likewise. He told me, "When wealthy people talk, I listen. And after I finish listening, I get a bit cheeky and I ask them about their one golden rule for being successful. I've done this more times than I can remember, and what I've taken away from it has served me better than an MBA." I'm paraphrasing, but those are his words, not mine. I've used his approach ever since and, like I say, it's served me well.

    GRM
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  • Profile picture of the author borsaronero
    What does it mean to be rich? What money can buy that you don't have now? I was looking at a good video about and there was a good idea on it.

    Spend money mean to give money to someone else. If we own 1 dollar and we still pass this dolars continuosly between us for one million time in a week, we spent one million dollar in one week. Isn't it funny that to spend a million dollar you don't need to have a million dollar?

    It's just a mind game to open the mind of what does it mean "rich".

    This is the video:
    https://m.youtube.com/watch?list=PLd...Z4&mode=NORMAL
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  • Profile picture of the author Dec Mc
    Follow what the 'Successful ' people do , listen to what they have to say and put into action . So so many people buy products, read them , leave them on their hard drive and Dont take action! We cant be successful if we dont take action !
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  • Profile picture of the author timzue
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    • Profile picture of the author The Niche Man
      Wealthy or rich people is a very general statement, especially these days. Like some have mentioned in this thread. Some "wealthy" people (they may say comfortable) shop at Wal-Mart, Kohls and Target, that other wealthy people wouldn't be caught dead in.

      Some you can approach like you would average customers, others expect extra perks, attention to detail, new and different. Because they already have established people they already buy from that's selling what you sell.

      So, like everything else now, even rich or wealthy has to be defined from that broader(old school) term to the more (new school) narrow and specific.
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  • Profile picture of the author Devilfish168
    Well first time in my mind..
    wealthy people rather fork out their money is on investment.
    everyone knows that

    stocks and properties...

    my niche is not on it...

    I was thinking actually we are promoting stuffs to one another who into IM marketing...
    this is how I feel,..
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  • Profile picture of the author paul1365
    You will find selling to the affluent sector much harder. They usually receive recommendations from their peer group offline.
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    • Profile picture of the author BGreen94
      The first thing I thought of after reading the title was the Wolf of Wall Street
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    • Profile picture of the author Diana Lane
      Originally Posted by paul1365 View Post

      You will find selling to the affluent sector much harder. They usually receive recommendations from their peer group offline.
      That was my first thought when I saw the thread. It's probably possible to paint a convincing picture of the luxurious experience of riding in a Rolls Royce when the closest you've come to that kind of leg room is a trip in the back of a Ford Capri with the passenger seat taken out, but life's too short. I'd definitely have to leave selling to the fabulously wealthy to somebody else
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  • Profile picture of the author ameliaevie
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    It is good to earn slowly. It will be long durability. If you need money instantly, you can do the CASINO, FOREX or, something like this.This are high profit or loss business.
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  • Profile picture of the author JohnnyPlan
    Rich people like to take care of their stuff and keep it in good shape, so any service related business such as maid service, carpet cleaning business, home organizer, pet sitter, child care provider, interior designer would be a good way to earn off that market. Any service that frees up the rich person's time so they can either relax or work more is likely going to be appreciated, including personal shopper.
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  • Profile picture of the author AlexSchneider
    "Rich people" are usually already successful entrepreneurs so they only care about ROI.

    Show them (or better do it for them) how to turn $1 invested into $5 net in return and you will be blown away by the response.

    Otherwise create a system (e.g. time management, oursourcing) where they save real time because this also directly influences their ROI.
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    • Profile picture of the author The Niche Man
      It's interesting reading some of the comments, how most of the services and requirements people describe for rich people. More upper middle class and even middle class people seek ... even demand today. It just shows how the bar is constantly rising for all social and financial classes.


      What rich people are enjoying today, the middle class will eventually demand in the near future. Dig it!
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