Impact Pricing Podcast

#385: Pricing Table Topics: 10 of Hearts – You and Your Buyer Must Work Together

This is the 10 of Hearts from the Selling Value card deck.

You and your buyer have to work together if you truly want to know how much value is there.

Face it, you know a lot about your product, but you don’t really know the buyer’s situation. You don’t know how much revenue they make. You don’t know how much money they’re losing because they’re solving, or haven’t solved a specific problem. You don’t know how bad that problem is. In order for you to figure out how much value they’re going to get, you need a lot of information from that buyer.

On the other hand, the buyer has no idea how much value they’re going to get either because they’ve probably never bought something like your product before. They’ve not worked with many different customers and seen the different applications and the different problems, and they probably haven’t thought through all of the sub-problems that you can solve.

“If together we work trying to figure out what is the true value of our product, then we feel better because we now understand we’re helping them make a really good decision.”

– Mark Stiving

And so, if together we work trying to figure out what is the true value of our product, then we feel better because we now understand we’re helping them make a really good decision. They feel better because they’re trying to decide, is this a place where I want to spend my resources or should I spend them someplace else? Or maybe the person you’re talking to has to create a business case to be able to sell it higher in the organization.

In all of these cases, it makes so much sense for both of us to understand the value of solving their problems, and that only happens when we work together.

We hope you enjoyed this example of pricing table topics. If you want to get better at speaking, especially about pricing and value, grab a deck of our cards, pull a random card, read the saying, and then talk for one to two minutes about what that card says.

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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