08:57 am
01:57 pm
08:57 pm

High Net Worth Marketing + Luxury Advertising

“Luxury is a necessity that begins where necessity ends.”
– Coco Chanel

Why High Net Worth Marketing Matters More Now

Globally, half of all wealth is controlled by the top 1%. In the US, home to more millionaires than anywhere on the planet, this figure rises to 70% according to Boston Consulting Group [1]. And this distortion in economic value is only increasing. So it’s clear that high net worth marketing isn’t essential only to a few luxury brands. Criterion Global’s work in luxury marketing and media buying stems from fashion as much as financial services and luxury hospitality marketing. Why?

Because in the battle to reach high and ultra-high net-worth audiences (HNWIs + UHNWIs), paid media buying plays an outsized role. Brands that thrive and endure are those which create and sustain scarcity to enjoy a supply vs. demand imbalance and maintain relevance to the culture surrounding them. Done right, paid media buying creates that relevance and drives demand.

Bain Capital | Media Buying Agency (Bain Logo 200x100)
Festival of Media | Best Launch or Relaunch 2023 + Best Campaign by Independent Media Agency
Nizuc Mexico Media Buying Agency (Nizuc Logo)
The word Whitney on a white background.
The travel marketing awards logo on a black background, showcasing the excellence of an international media agency.
A black background with a logo representing a media buying agency.
A black background with a black logo on it, designed by an international media agency.
Pure insurance logo on a black background with an international media agency.
A plane flying in the sky against a black background, showcasing the expertise and services of a media buying agency.
Hsmi adrian awards winner. International media agency.
A black background with a moon in the middle, created by a paid media agency.
A black and white image of a logo on a black background representing a media buying services agency.
An international media agency showcasing a black background with a plane flying in the sky.

The Luxury Marketing Paradox

High net worth marketing can seem like a paradox. It’s about maintaining the scarcity of products and attracting an ever “scarcer” slice of society. Luxury marketing demands paid media buying tactics that “pull” prospects in – with the unique, special, and rare. This is a departure from standard “push” tactics common to mass consumer marketing. For a high net worth audience, you have to “know to know.” Ubiquitous awareness creates, as Scott Galloway aptly put it, “a generation of empty-calorie brands — Kylie Cosmetics, Dollar Shave Club, Andrew Tate — built on sand.”

The scarcity of products, and selective exposure creates value in the minds of discerning consumers. It’s not about blanket reach. Or likes. Or views. We create luxury marketing strategies that pique curiosity. Makes pulses rise. And makes the right eyebrows raise.

Why Luxury Marketing IS High Net Worth Marketing

Where Fashion Meets Foreign Policy

Worldwide, there are an estimated 578,625 ultra-high net worth individuals; those with $30MM+ USD in investable assets. Marketing to these privileged few requires a laser, not a cannon. Additionally, the ultra-wealthy are a nomadic group, which is why media buying in service of luxury and high net worth marketing demands digital and data fluency as well as a global mindset.

At its best, luxury marketing lends surprise and delight to brand discovery and customer acquisition. As the number of ultra-high net worth individuals (UHNWIs) grows along with their total wealth, and as consumers from emerging economies revel in refined appetites, both legacy brands and new entrants will continue to fight for share of mind and market.

High Net Worth Data Strategy

  • 1P + 3P Planning
  • Data Infrastructure, Clean Room Analyses Budget BlueprintSM + Market Analysis

Luxury Marketing Strategy

  • E-commerce, Growth/Acquisition
  • Agile retail media planning

Media Buying

Audience Measurement

Specialized High Net Worth Media Buying Agency

Criterion Global successfully represents luxury brands as varied as timepieces with cross-generational appeal, international beauty brands releasing a new scent to a global customer, member-based home insurers tailor-made for a high net worth customer, to luxury footwear icons launching a digital-first shoe customization project. We bring the strategy and experience to move the grow share-of-mind and drive returns.

Whether you are looking to modernize or digitize your luxury marketing and media buying approach, expand to new markets, cultivate relevancy, or maintain loyal relationships that lead to enduring patronage, you need a luxury marketing buying partner who thinks beyond formula to innovate for your brand.

[1] High Net Worth Wealth: Top 1% Wealthiest Growing in Economic Power, Bloomberg [Paywall]