As a salesman you want to share the most valuable information about your products and services as possible. As a consumer, your prospect wants to make sure he’s getting the most bang for his buck. The end results is usually a conversation regarding the way you’ve priced your product and, in the mind of your prospect, no matter what you say your price will be too high.
There are, fortunately, a few things you can do to ensure that you don’t find yoruself in the midst of a price war. Today I’ll share three.
First, make sure you dress to impress. The better you look, the more your client or prospect will respect you and what you have to say. The sloppier you look the less they’ll trust you and, sadly, the less they’ll think of your product. You have to look as though you feel as valuable as you want your prospects to believe you are.
Next, you’ll want to avoid using phrases that give your prospect the impression that discounts may be available. Avoid phrases like “retail price” or “rack price.” The average consumer knows that there is a significant markup between manufacturer and retail stores/salesperson. They may not know what that markup is but they do know it leaves room for negotiation and will want to know why you can’t give them your wholesale price. Don’t put the thought into your prospect’s mind.
Finally, you need to carefully consider whether you want to offer a discount at all. If you’re trying to land a large account, for example, and offer a discount the prospect will never forget that you were able to do so. For the duration of your business relationship he will expect you to continue offering discounts (or will believe that by merely pushing you to do so you’ll find a way to get him one). Is that the type of unprofitable relationship you want to build with your clients?
Think carefully before you begin your sales presentation. The actions you take and the words you speak will dictate whether or not your client believes your price is reasonable or whether or not he believes you’re trying to overcharge him. Make sure you lead your prospects down the right path.
Sean
Sales Expert - Marketing Consultant - Motivational Speaker