Recently I've noticed that clients are grinding me more on price. This is not surprising considering these "interesting" economic times. Shopping on price leaves us all with a dilemma. Should we work for less to get price driven business in slower economic times? I can answer this in one word. NO! Don't do it.
A new prospect was referred to us by one of our long time customers. This was a substantial nationally known company and the business on the table was significant. Of course we wanted it. After several phone conversations addressing their needs I was told that the pricing we e-mailed was a "bit" high. I told the prospective client I would like to meet with them at our scheduled meeting to discuss this further. At the meeting my "competition" was mentioned. I asked if they wanted to do business with them, to which they responded, "Why do you think we are talking to you?" We got the business at our price.I'm sure you have similar stories and we invite you to share them in the comments section of "The Price is NOT Right" article below. Take this opportunity to share your success stories and encourage your colleagues in the process. The economy is tough, but don't devalue your worth by selling on price. In this issue we feature an excellent article by Rick Greene MAS, Regional Vice President for HALO/LEE WAYNE. This article was published in Corporate Logo Magazine and nails the topic. Enjoy. Happy business building!
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 The Price Is Not Right! Why Selling on Price Will Get You Nowhere. Most of us, in approaching the way in which we go to market with our clients and prospects, employ a variety of techniques to solve problems and land orders. Here are some of the more effective and professional ways to connect with buyers:Value-Added Selling.
Program Selling. The Agency Approach. Close-Out Selling.
Solutions-Based Sales. Niche Marketing. Relationship Selling.
There are many varied approaches to promotional products sales, but the most common is selling based on price. This is definitely a hot-button issue in our industry and often an area of contention between the sales force and sales management. Coming from the latter group, I'm not shy about sharing my perspectives on price-based selling. So let the sharing begin...
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