Impact Pricing Podcast

Memecast #84: Jack of Spades: Will I, then Which One

This one is the Jack of Spades from the Selling Value card deck.

Buyers usually make a ‘will I’ decision, then decide ‘which one’.

They make the ‘will I’ decision, meaning, am I going to buy something in the product category? Am I going to buy a new car? Am I going to buy a new guitar? Am I going to buy a new refrigerator? Am I going to go out to dinner tonight? Am I going to hire a consultant?

We make this ‘will I’ decision, and then after we’ve said, yes, I need a – you pick it – I need to hire a consultant, then we decide ‘which one’.

We interview several different consultants. We get bids from them. We see which ones we get along with. But then we’re making that ‘which one’ decision.

“From my perspective, the price sensitivity changes dramatically and they become much more price sensitive when they move to the ‘which one’ decision.”

– Mark Stiving

And it’s very important for our sales people, our marketing people, even our product people, to understand the difference between these two questions because when buyers are making these two decisions, they’re using different information and they care about different things.

Oh, and from my perspective, the price sensitivity changes dramatically and they become much more price sensitive when they move to the ‘which one’ decision.

We hope you enjoyed this memecast. This is also an example of how Pricing Table Topics works. Grab a deck of our cards, pull a random card, read the saying, then talk for one to two minutes about what that card says. This will improve your understanding and more importantly, your ability to communicate important concepts about value.

If you have any questions or feedback, please email me mark@impactpricing.com.

Now, go make an impact.

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Tags: Accelerate Your Subscription Business, ask a pricing expert, pricing metrics, pricing strategy

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