It’s happens to every business owner. A customer wants your product or service, but when you state the price, they want to negotiate a lower price. Even if it’s a fair price, customers will still try to get a lower one.
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What to do when customers want a lower price
1. It’s happens to every
business owner. A
customer wants your
product or service, but when
you state the price, they
want to negotiate a lower
price. Even if it’s a fair price,
customers will still try to get a lo
.
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What To Do When Customers
Want A Lower Price
2. • What should you do?
• Should you even engage in a
price negotiation?
• Should you lower your price?
• Should you walk away from
the deal?
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What To Do When Customers
Want A Lower Price
3. The unfortunate truth is
customers have learned from
experience that if they ask for a
lower price, they will most likely
get it. They’ve also learned that
there is no harm in asking for a
lower price. Customers, in
particular corporate purchasing
people, have developed a long
list of tricks to get lower prices.
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What To Do When Customers
Want A Lower Price
4. If you start down the path
of negotiating price then
all of your discussions with
the customer focus
exclusively on price.
So what should you do?
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What To Do When Customers
Want A Lower Price
5. Here are some questions you should ask you customer:
“What do you know about our product?”
“How confident are you that we can solve your problem
(or fulfill you want)?”
”Are you thinking of our product/service as an expense
or as an investment?”
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What To Do When Customers
Want A Lower Price
6. If you don’t understand the value
you bring to your customer, you
can’t expect the customer to
figure it out either. When this
becomes the case, the customer
can’t differentiate one product
from another and so price
becomes the only point they
focus on.
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What To Do When Customers
Want A Lower Price
7. If your customer wants a lower price,
develop options for your product or
service.
If your customer wants a lower price, offer
them one of the alternative options with
less features and/or services that meets
their price point.
www.cynthiakocialski.com
What To Do When Customers
Want A Lower Price
8. Share your PASSION and KNOWLEDGE with world.
Get published on
Start-Up Entrepreneurs’ Blog
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