Velvet Rope Playbook

The Silent Killer in High-End Business: Price Competition


Listen Later

There’s a silent killer in high-end business, and it’s price competition. Too many professionals—smart, skilled, and driven—fall into the trap of undercutting the competition and justifying their value with discounts instead of positioning. But here’s the truth: wealthy clients don’t buy based on price. They buy based on confidence.

In today’s episode, I’ll introduce you to Discount Danny, a luxury consultant who learned this lesson the hard way, and Marquis Montrose, an art collector who revealed the high cost of low prices. You’ll discover why competing on price doesn’t just hurt your profits—it destroys your credibility in the affluent market.

If you want to attract high-net-worth clients and position yourself as a premium authority, this episode is a must-listen.

🔑 In This Episode, You’ll Learn:

✔️ Why price competition is a dead-end strategy in luxury markets

✔️ How wealthy clients evaluate value—and why price is the least important factor

✔️ The pivotal mistake that cost Discount Danny his credibility

✔️ How to shift from discounting to positioning for premium clients

By the way—if you’re enjoying this episode and want to learn how to use storytelling as a tool for getting more affluent clients, head on over to https://www.getwealthyclients.com/velvet-rope-storytelling-masterclass for the details

#LuxuryBusiness #HighEndClients #WealthyClients #AffluentMarketing #LuxuryBranding #PremiumPositioning #HighTicketSales #PriceCompetition #StopDiscounting #LuxuryMarket #ExclusiveBranding #MarketingStrategy #SellToTheRich #HighValueClients #BusinessGrowth #SalesPsychology #ConfidenceSells #BrandAuthority #VelvetRopeStrategy #PlatinumConsulting #AffluentSuccess

...more
View all episodesView all episodes
Download on the App Store

Velvet Rope PlaybookBy Mark Satterfield

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

18 ratings


More shows like Velvet Rope Playbook

View all
Social Media Marketing Podcast by Michael Stelzner, Social Media Examiner

Social Media Marketing Podcast

1,447 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,569 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,270 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,789 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,348 Listeners

Oprah's Super Soul by Oprah

Oprah's Super Soul

31,950 Listeners

Modern Wisdom by Chris Williamson

Modern Wisdom

3,731 Listeners

Hustle Humbly Podcast by Alissa Jenkins & Katy Caldwell

Hustle Humbly Podcast

873 Listeners

Founder's Story by IBH Media

Founder's Story

166 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,416 Listeners

Do This, NOT That: Marketing Tips with Jay Schwedelson l Presented By Marigold by GURU Media Hub

Do This, NOT That: Marketing Tips with Jay Schwedelson l Presented By Marigold

713 Listeners

Andy Elliott's Elite Mindset Motivation and Sales Training by Andy Elliott

Andy Elliott's Elite Mindset Motivation and Sales Training

159 Listeners

The Millionaire Real Estate Agent | The MREA Podcast by Keller Podcast Network

The Millionaire Real Estate Agent | The MREA Podcast

353 Listeners

Good Content with Shannon McKinstrie by Shannon McKinstrie

Good Content with Shannon McKinstrie

116 Listeners

AI Explored by Michael Stelzner, Social Media Examiner—AI marketing

AI Explored

78 Listeners