Sell Your Narrative, Not Your Price
I’m sure you get calls all the time asking for a “ballpark price” for some service based on a limited amount of information. Do you immediately try to answer the question? Don’t!
The best salespeople don’t lead off the conversation with a price, just because that’s not what they’re selling. The best salespeople weave a narrative about their offering and how that offering is going to dramatically improve the client’s business. Once the relationship between the customer’s business and the salesperson’s offering is established and the customer completely understands the value of the salesperson’s offering as it relates to the customer’s business, then — and only then — the salesperson will talk price.
Why? Without establishing a business value in the customer’s mind, the price is just like the price of any commodity product. Do you sell the same exact thing everyone else does? Of course not! Well, how is the customer supposed to know this if you don’t talk about what you offer and how it’s going to make the customer’s business “better”?
If you lead with a number as an answer to the question “What’s your ballpark price for…?”, then you’re stuck defending your price instead of selling your business value. So your price had better be your strongest point when compared to everyone else. And how likely is that?
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