Loading Events
  • Digital Strategies for Engaging the High Net Worth

6:30-7:30 networking

7:30-8:30 educational session

KEY
TAKEAWAYS

  • After initial reluctance and skepticism about the viability of reaching high net worth individuals through digital strategies, brands and companies have come around to both the necessity and the possibility of doing so.

  • But the strategies to reaching these consumers can not be the same as strategies aimed at a broader audience, and failure to recognize that could mean not only wasted marketing efforts, but damage to the brands which try them.

  • In the digital world, conventional wisdom holds that more is always better—more hits, more impressions, more visitors. But in targeting the high net worth, not only is more not better—sometimes, it’s worse.

Register
Now

Members: $FREE
Non-Members:
$49.00 at the door

Register Now

LOCATION

IGFA Fishing Hall of Fame and Museum

300 Gulf Stream Way
Dania Beach, FL 33004

Few marketers would question the value of engaging with high net worth individuals. But until the past few years, many marketers thought that using digital strategies to target high net worth individuals was a futile effort. Conventional wisdom held that digital approaches cheapened the perception of luxury goods and travel, and that the high net worth were generally either less engaged with the digital world or more skeptical of it than the average consumer. More recently, as a result of a greater understanding of high net worth digital immersion, as well as new approaches to digital marketing, those perceptions have changed dramatically. Still, reaching the high net worth is a distinctive challenge. This session will look at how Worth magazine has used digital outreach to connect with the high net worth, and provide examples of efforts by others that have both failed and succeeded.

We’ll start by providing a brief overview of the history of digital marketing—or lack thereof—to the high net worth. Why was it widely believed that digital marketing to the high net worth was either largely pointless or, worse, even damaging to the marketer? How much truth was there to those perceptions?

Then we’ll look at why the landscape started to change and when. How much did the development of new approaches open the gates to digital strategies to reaching the high net worth, and how much did a greater understanding of who the affluent are and what their digital habits are drive marketers toward greater experimentation? I’ll provide some early examples of campaigns and techniques specifically targeted at high net worth individuals.

Of course, I’ll talk about the experience of Worth magazine in the digital world. In print, we have a readership with a minimum liquid net worth of $5 million, with 60 percent of our readers possessing a liquid net worth over $10 million—a fantastic audience for brands trying to reach those consumers. But there were challenges to replicating that audience in the digital world. I’ll go over what they were, and how we’ve addressed them. And I’ll also discuss the techniques that some of our partners have used—and draw conclusions about what seems to be working.

Speaker

Richard Bradley
Editor-in-Chief and Chief Content Officer, WORTH ACQUISITION GROUP
Richard Bradley is seasoned and respected editor and journalist, Bradley's career has always combined journalism and academia. During his undergraduate studies at Yale College, he was the executive editor of The New Journal magazine. After graduating, Bradley worked in Washington, D.C., first as a reporter-researcher for The New Republic, then as a staff writer and columnist for Regardie's magazine, a Washington monthly devoted to business and politics. Bradley returned to academia in 1989 and earned a master's degree from Harvard University in American history. He served as a teaching fellow for Harvard courses on the U.S. Constitution and 19th-Century American literature, among other subjects. Leaving Harvard in 1992, he moved to New York to take a job as one of the founding editors of George magazine. Starting in May 1995 as a senior editor, Bradley became the magazine's Washington affairs editor in 1997, and was then promoted to the position of executive editor in January 1999.In May 2002, Bradley published American Son, which generated tremendous national attention. In addition to his current role as Worth magazine’s Editor in Chief and Chief Content Officer Richard Bradley has authored articles for numerous publications, including: The New York Times, The Washington Post, Vanity Fair, George, The New Republic, Rolling Stone, Boston Magazine, Salon.com, The Washington Monthly, Worth, and Mother Jones. He has also written a column of media analysis for the website TomPaine.com.
Register Now
Digital Strategies for Engaging the High Net Worth | Oct 11 @ 6:30:pm
Countdown: