LIMITLESS MONDAY
VALUE VERSUS PRICE
Coach: What is your profession?
Participant: I am a wedding dress maker..
Coach: How much per each making?
Participant: I charge $2000 and above, depending on styles and each customization
Coach: Have you seen customers asking for reductions, claiming that counterprices are outrageous?
Participant: Yes,
Coach: Then the coach asked, What was your response?.
Participant: I decline
Coach: You drive customers away when you decline
Your response is to shift the negotiation from being pricey to the value of each dress. You are also focusing on the memory of the last event after wearing it.
Your immediate response makes your customers feel you are only about the money. not their feelings.
But when you open their eyes to see the benefit of the product you are offering. It becomes difficult to reject the price. I supply health benefit drinks to the stores. Sometimes customers meet me and say the price is high. How will our customers be able to buy them?
I turned into giving them the value entailed in the products. The one I know because of the ginger, turmeric, lime, lemon, garlic, and honey in the content. I made it known that it will boost your immune system and keep various ailments away from you. The likes of indigestion, your bowels get cleaned up.
It helps with respiratory infections and helps your body against catarrh. sore throat. and sinus.
After enumerating the value the product is bringing to the table. The importance comes to life. Your customer's eyes open to the product value, and keep them away from hospitals.
Enumerating values of a product keeps the argument of prices at bay. The customer sees the reality. Sales reps.should arm themselves with the understanding. Knowing the A to Z value of the products they are selling.
Every entrepreneur with a genuine business. Products and services have their value statement. You need to study your product's benefits and be able to reveal them to your customers
Every believer in Christ should arm themselves with the purpose and reasons. Why being in Christ is the only option. The result of the work done on the cross is what brings the value you enjoy in life.
Being an upright parent with lots of training and experience. Whose upbringing has shown indices of discipline and thorough learning.
Such parents have moral values to pass down to their children. Not material, but a well of knowledge full of wisdom that places you at an advantage for them to draw from
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