Frequently Asked Questions

1. What is the “Certified Supplier by Palace Status” badge, and how can I use it?

The “Certified Supplier by Palace Status” badge is an official recognition of your expertise and excellence in providing luxury services.

  • You can display the badge on your website, marketing materials, proposals, and email signatures.

  • It enhances your credibility and distinguishes you as a trusted supplier in the luxury market.

2. How will clients find me on the Palace Status website?

Clients can search for suppliers based on:

  • Region: Your services will appear in searches relevant to your location (e.g., Monaco, Dubai, Bali).

  • Category: Your profile will be listed under your specialization (e.g., Design, Security, Event Planning).
    Each profile includes your logo, description, and direct contact details.

3. How does Palace Status facilitate introductions?

When a client expresses interest in your services:

  • Palace Status connects you with the client via email or direct contact details.

  • In some cases, introductions may involve virtual meetings or in-person networking events.

Important Note:
Suppliers are responsible for organizing and covering any costs associated with receptions or hosting during introductions.

4. Can I participate in events if I’m not based in the event location?

Yes, as a certified supplier, you are welcome to participate in events even if you are not locally based.

  • Virtual Events: Accessible from anywhere in the world.

  • Physical Events: Travel and accommodation costs are the supplier's responsibility. Palace Status may assist with logistics or discounted group rates.

5. Are there opportunities for exclusive sponsorships?

Yes, suppliers can sponsor events or features for additional visibility. Sponsorship opportunities include:

  • Logo placement on event materials and promotions.

  • Dedicated shoutouts during events or on Palace Status social media.

  • Prime positioning in newsletters or website categories.

6. Can I upgrade my membership later?

Absolutely. Suppliers can upgrade to higher membership tiers to unlock:

  • Priority listings on the Palace Status website.

  • Fully customized promotion campaigns.

  • Complimentary entry to select luxury events.

  • Greater access to premium introductions.

7. How will I know if my membership is working for me?

Palace Status provides analytics and feedback to track your performance:

  • Quarterly updates on the number of profile views and inquiries received.

  • Industry insights and recommendations to enhance your visibility.

  • Opportunities to provide testimonials or case studies for further exposure.

8. Can I cancel my membership?

Yes, you can cancel your membership anytime. However:

  • Refunds are not provided for early cancellations.

  • Your certification and profile will remain active until the end of your current term.

9. Are there additional fees beyond the membership cost?

The membership fee includes most core benefits, but some optional services incur additional fees:

  • Participation in physical events (e.g., Monaco Yacht Show) is paid separately.

  • Customized promotion campaigns or sponsorships are charged as add-ons.

10. What types of suppliers are eligible to apply?

Palace Status accepts applications from suppliers specializing in luxury services, including but not limited to:

  • Design & Architecture

  • Floral & Decoration

  • Renovation & Construction

  • Technical Services

  • Gastronomy

  • Event Management

  • Security Specialists

Each application is reviewed based on:

  • Experience with high-end clients.

  • Proven track record of delivering excellence.

  • Recommendations or testimonials from previous projects.

11. How long does the certification process take?

The certification process typically takes 2-3 weeks from the time you submit your application. During this period:

  • Your profile and references are reviewed.

  • Palace Status may contact you for additional details or clarifications.

12. Can I apply for multiple categories?

Yes, suppliers providing services across multiple categories can be listed under each applicable category. For example:

  • A supplier offering both Design and Renovation services will appear in both categories.

  • Ensure your application includes sufficient details for each category.

13. What is included in Customized Promotion Campaigns?

Customized promotion campaigns are available as premium upgrades or higher-tier memberships. For the €1,500/year membership, the following promotional benefits are included:

  • One Social Media Mention:

    • A dedicated post on Palace Status's social media platforms highlighting the supplier's expertise.

  • One Newsletter Feature:

    • Inclusion in a curated email sent to luxury property managers, yacht owners, and event organizers.

Note: Fully tailored campaigns (e.g., video creation, paid ads, or personalized promotions) are available for an additional cost starting at €1,000.

14. What is included in all kinds of memberships apart from being presented on the website?

In addition to their presence on the Palace Status website, certified suppliers benefit from:

  1. Certification Badge:

    • Use of the official "Certified Supplier by Palace Status" badge to enhance credibility.

  2. Lead Notifications:

    • Direct inquiries and leads from high-net-worth clients looking for specific services.

  3. Networking Opportunities:

    • Access to virtual networking sessions with property managers, yacht owners, and other certified suppliers.

  4. Industry Insights:

    • Quarterly reports on luxury market trends, performance tips, and best practices.

Important Note:
For any introductions facilitated by Palace Status, the costs associated with receptions, catering, or hosting are the responsibility of the certified supplier.

15. What events will they visit?

For the €1,500/year membership, suppliers can attend:

  1. Virtual Events:

    • Online networking sessions or webinars where they can present their services and connect with potential clients.

  2. Optional Physical Events:

    • Participation in luxury trade shows, networking evenings, or private events is available as a paid add-on.

    • Palace Status may negotiate discounted entry fees (e.g., for the Monaco Yacht Show).

Important Note:
If suppliers organize receptions or meetings during these events, all associated costs (e.g., catering, venue rental) are the responsibility of the certified supplier.

16. Do you have the plan?

Yes, Palace Status has a structured plan for its certified suppliers:

  1. Annual Event Calendar:

    • A list of virtual and physical events where Palace Status will facilitate networking.

  2. Promotional Timeline:

    • Pre-planned schedules for featuring suppliers in newsletters or social media campaigns.

  3. Client Introductions:

    • Tailored introductions to clients based on the supplier’s services and the client’s needs.

Important Note:
While Palace Status facilitates these introductions, the certified supplier is responsible for organizing and covering costs for any associated receptions or meetings.

17. How many clients do you have? Who are they particularly?

  • Palace Status collaborates with an exclusive and growing network of high-net-worth individuals (HNWI).

  • These include property and yacht owners, luxury estate managers, and event planners specializing in high-profile gatherings.

  • While the exact number of clients is confidential, they are carefully matched to suppliers based on their specific needs and expertise.

  • Examples of clients include owners of prestigious villas, organizers of exclusive events, and yacht managers in key luxury destinations worldwide.

18. Do you have the list of the events declared

Yes, Palace Status maintains a comprehensive event calendar that is shared with certified suppliers annually and updated throughout the year.

  • These events may include private gatherings, trade shows, and luxury networking sessions in prestigious locations.

  • The calendar is designed to provide multiple opportunities for suppliers to connect with key stakeholders in the luxury property and yacht sectors.

19. Is there an option of introducing directly to the target clients?

Yes, Palace Status offers personalized introductions to specific high-value clients, including property owners, yacht managers, and event organizers:

  • Introductions are facilitated based on the client’s needs and your service offering.

  • These introductions typically occur during curated events or as standalone meetings.

  • Important Note: All reception or hosting costs associated with these introductions are organized and covered by the certified supplier. Palace Status ensures the connection is facilitated effectively but does not handle associated costs.