This one is the 4 of Hearts from the Selling Value card deck.
This concept of asking for something anytime we’re going to give a discount, we simply refer to it as gives and gets. We don’t give anything without getting something. And so, what should we be getting when we’re giving something? Well, surely we could get almost anything. What we really want to do is get the things that protect the profit of the company. And what are those things?
If you think about all of the different items that you might be able to claw back from a customer. For example, it might be who pays for delivery. It might be how long the delivery takes. It might be when we schedule it. There’s many, many different things we might be able to claw back. What we want to do is, think about how much does it cost us to deliver that thing to the customer so that if we claw it back, if we take that back from our customer, we’re actually saving us costs on our side.
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“Let’s try to get something in exchange that lowers our costs.”
– Mark Stiving
Now, a couple quick thoughts. You know that, first off, I’m a pricing person, but in truth, we’re thinking about how do we get the best margin for the company. And secondly, you’ve heard me say over and over again that costs don’t matter to pricing, but costs do matter to profit. And if we’re talking about a one-on-one situation and we have to give up some kind of discount, then let’s try to get something in exchange that lowers our costs.
We hope you enjoyed this example of Pricing Table Topics. What you just heard was done without a script. If you want to get better at speaking about pricing and value, grab a deck of our cards, pick a card, read the saying, then talk for one to two minutes about what that card says. You’ll become a better speaker and expert.
If you have any questions or feedback, please email me, [email protected].
Now, go make an impact.
Connect with Mark Stiving:
- Email: [email protected]
- LinkedIn: https://www.linkedin.com/in/stiving/
