How much more could you earn if your prospects didn't object to your prices? You'd close more sales and be more successful.Like most service professionals and small business owners chances are you struggle with objections to pricing on a daily basis. You lose business because prospects get stuck on price. Your pricing will never satisfy everyone but following ideas will help you eliminate pricing objections from majority of your buyers.
MARKET TO PROSPECTS EMOTIONS One of biggest marketing mistakes you can make is to start by marketing to a prospect's head instead of their heart. If your marketing materials and presentations lead with a presentation of product or service features and/or your own credentials, this is wrong information to present up front to prospects and can hinder sale of your products and services.
The majority of purchases are ultimately based on emotion. Vehicle purchases are a great example. Sales of 4 wheel drive SUV's has soared despite fact 90% of buyers never go off road or need 4 wheel drive functionality. Porsche sales have grown steadily, despite fact that most often their owners use them around town and in traffic, rarely if ever driving at over a hundred miles an hour they are easily capable of going.
Your prospects buy your products and services for their own reasons, not yours. Get their attention by focusing your marketing on their concerns. Use questions to bring their emotional reasons for making a purchase into conversation. When you present benefits of your products or services, do so in context of your prospects' emotional interests.
- Are you marketing to your prospects hearts or their minds?
UNDERSTAND THE EMOTIONAL REASONS PEOPLE BUY Some people buy cars based on their perception of safety, others based on potential for speed and others make their selection based on how little gas vehicle consumes. If you want to be more successful in marketing you need to know emotional reasons people buy your products and services.
Reasons prospects buy include fear, gain, comfort, security, pride and personal satisfaction. When it comes to making a decision these are motivators that determine whether your prospects buy your products and services.
If you sell investment advice, fear of loss, desire for gain and security may all be motivators. If you sell wide screen TVs or audiophile stereo equipment, personal satisfaction and pride may be motivators. If you sell graphic design, your client's desired image is a motivator.