It should be fairly obvious that there are advantages to working with higher-end customers. But sometimes, it's good to review. Here's an interesting item by Michael Furniss called "8 Reasons to Target Higher Paying Customers". His 8 reasons, along with comments, are very complete, so I'm just going to list the reasons by themselves. For more information, check out Michael's post.
- They make you immune to price cutting wars.
- They create the chance of a price increase war. (I like this one.)
- They give you more room to create special offers.
- They are less likely to complain. (I'm not so sure about this one. What do you think?)
- They are more likely to buy again.
- They are more likely to refer similar people.
- They are easier to manage.
- They let you out advertise your competition.
I'm going to add a ninth one: They are less affected by changes in the economy, gas prices, taxes, and all the other things that can cause low and middle-price shoppers to postpone their purchases.
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