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• Do you prove you are cheaper
than your competitors or price-
match?
• It has long been the done thing in
many areas of business.
• A typical Miele machine
costs around twice the mid-
market standard one.
• But sales are growing year-
on-year.
Brand loyalty is down to the products’
• High quality
• Durability
Customers are willing to pay more upfront if:
• The product will last longer
• It’ll work out cheaper if they are less likely to
have to spend money on repairs
• They will not have to purchase a replacement
as quickly.
• It takes you 30 minutes to
deliver a piece of advice to a
client.
• The piece of advice saves their
company £10,000.
• The hugely positive impact
your time has had on your
client’s business justifies you
charging them more.
• Your costs have increased
• Your business is experiencing cash flow
problems
• A competitor is selling comparable
goods at a higher price
• Be honest.
• Remind your customers of your value
to them.
• Highlight the benefits of the product or
service.
@SafarazAli Safaraz Ali

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Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 

Can you afford to charge more

  • 1.
  • 2. • Do you prove you are cheaper than your competitors or price- match? • It has long been the done thing in many areas of business.
  • 3. • A typical Miele machine costs around twice the mid- market standard one. • But sales are growing year- on-year.
  • 4. Brand loyalty is down to the products’ • High quality • Durability
  • 5.
  • 6.
  • 7. Customers are willing to pay more upfront if: • The product will last longer • It’ll work out cheaper if they are less likely to have to spend money on repairs • They will not have to purchase a replacement as quickly.
  • 8.
  • 9. • It takes you 30 minutes to deliver a piece of advice to a client. • The piece of advice saves their company £10,000. • The hugely positive impact your time has had on your client’s business justifies you charging them more.
  • 10. • Your costs have increased • Your business is experiencing cash flow problems • A competitor is selling comparable goods at a higher price
  • 11.
  • 12.
  • 13.
  • 14. • Be honest. • Remind your customers of your value to them. • Highlight the benefits of the product or service.