This one is the Joker 2 from the Selling Value card deck.
Almost always when we’re dealing with B2B customers, B2B business, value can be measured in additional profit. And that’s one of the things I love about B2B business and pricing is because we know our price has to be related to how much additional profit will they make when they use our product, or when they use our product relative to a competitor’s product.
But it turns out, sometimes, buyers inside our customers don’t really care about profit. Imagine that you’re selling a piece of medical equipment and you’re talking to a doctor in a big hospital. Now the doctor actually doesn’t care how much additional profit you’re going to make the hospital. There’s an administrator someplace who cares a lot about how much additional profit you’re going to make the hospital. And so, we still need to understand the profit side of this conversation.
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“We need to understand what each buyer truly cares about and talk about value from that perspective.”
– Mark Stiving
But from that doctor’s perspective, they couldn’t care less about profit. What do they care about? They care about the quality of the care for the patient. They care about efficacy rates. They care about how long the procedure might take. Things that really affect their world and things that matter to them. What we want to be able to do then is, as we go through our value conversations with a doctor, put value in the perspective of what that doctor cares about.
So, it’s not always profit, a lot of times it is, but we need to understand what each buyer truly cares about and talk about value from that perspective.
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, and 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/
