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Why did I choose
little bakery over
supermarket - perception! I perceived that
quality would be better. But, who's to say that
supermarket didn't have a product equally as good as, if not better than,
little bakery.
So could it be that by focusing too much on price, we set up an expectation of a lack of quality in
customers mind? And could it be that by focusing too much on price, we create
impression that our service might be suspect? Absolutely!
Does it feel right?
It doesn't matter what you charge. It is
customers' perception of your price that matters. If
customer thinks
price is too high in relation to
value delivered for
product or service, then they won't buy. If they think
price is too low, then again they might not buy - because, they may be suspicious of
quality in relation to
price. The price may not feel right.
A customer perception of what is a 'reasonable price' is more important than what you want to charge for your product or service. And
customer decides what's reasonable based on perceived value for money, not price. It's creating this perception of value that tells
customer
price is right.
I'm a firm believer that, in
long term, it's always better to add perceived value to your product rather than reduce your prices.
Customers are smarter these days, have more disposable income and have more choice than ever before. The key to making
sale is to communicate VALUE! Do it so strongly... that
price seems reasonable in relation to
product or service you're offering. © Noel Peebles. Market Leaders Limited. All Rights Reserved. http://www.instantsellbusiness.com http://www.instantsellhome.com

Noel Peebles offers you his FREE mini-course "17 Powerful Secrets That Have Made Business Owners Into Millionaires." 100% FREE! Simply send a blank email to: instantsellbusiness@ReportsNetwork.com