7 Strategies to Handling Price Objection & Persuading Prospects

7 Strategies to Handling Price Objection & Persuading Prospects.
No Business is not facing this Objection, actually it is the most common and the most objection have ever said … in addition of the steps in “ Go Beyond Objections in Six Steps “ below strategies will help you to go beyond Price objection .
1- Delay & Postpone
Delay
price dissection till you demonstrate and explain the value and after
this you can discuss price comparing to value you explained and how it
is a reasonable price for the value prospect will get in return, like
saying “ before price we need to absolutely be sure that (your choice,
we are, the service/product) are right for you then we can come to
price, so you will have the big picture including every thing”.

Don’t
forget that you must make the value obvious and clear and link it with
prospect needs or you will defiantly will lose … do it by any way you
need( compare table, graphic, presentation, testimonials …etc.) but you
have to make sure it is the right way that your prospect will understand
by it clearly .
Some
prospects just make the rivals very clear by tell you that X or Y is
offering a lower price than you so why you are offering this high
price ? … This prospect is giving you the most excellent chance to
expose the value they are missing if they accepting X or Y’s offer that
they will have in your’s so don’t miss it .
2- Break The Price Into Pieces
In
the contrary of people how don’t like details and like to now the price
“All In”, Some people just don’t like big numbers, and want to see a
price not consists of many numbers aside, That’s why try to break down
the price into small pieces, any way fits your business .
3- Compare Your Price To The Cheap Price In Hands
In
this strategy you will compare the price VS price and value VS value,
so you will ask prospect about the cheapest price that he/she have in
hands and what it’s included and you will go on explain your price and
value included and how it is important according to prospect needs and
in contrary how the cheapest price is giving prospect too little than
he/she needs to come out with one result which is “ The price that you
offer is not high comparing with what it’s includes comparing with the
cheap price prospect have which giving too less than you will give … so
you fulfill more than the cheap price that prospect have in hands” .
4- Give Alternatives
You
will use this strategy mostly when you find the prospect interesting in
some features not all, so try to make them choice between alternatives
like ( delivery in same day OR with in 3 days OR With in a week ) the
point here is that you found out that your prospect care about having
the cheapest regardless to time so you give him what needed so you can
sell NOW and you offered the better quality too so in other case if
prospect care about time he knows who to call… simply Strip out some
elements of the package to bring the cost within prospect budget.
5- Focus On Needs VS Desired/Target Price

Usually
most of prospects wants to buy diamonds with gold’s price, so you must
focus on one thing simply : diamonds is not gold so if you need diamonds
you have to pay it’s high price and don’t compare it with gold’s price
that you don’t needed … you only have to make the prospect understands
that his/her needs is linked to what you offer not to the cheap price
he/she desired .
6- Make Payment Easiest Than Others
In
this strategy you don’t focus on your value or any thing else, you put
your strength the payment methods you offer even if you higher in price
and less in value by arranging payment and scheduling it or accepting
credit cards …etc.
7- Offer Secure
In
this strategy too you will not focus on value or any thing else but
securing the money that prospect will pay like offering money back
guarantee, or long time grantee, maintenance grantee and free
trail …etc.

If
you as company or person did all this things with prospect and all
fails, don’t waste your time but be smart and introduce the prospect to
another colleague supplier who will pay you a commission for introducing
him a ready sell lead .
Use this Strategies with the general Objection handling and Go Beyond objections always :)
If you liked this article, Share it … Hope to have your comments and Wish you Good Luck .
“ Glade to contact with you : mohammedezz@hotmail.com | https://www.linkedin.com/in/mohammedezzevolution/
Mohammed Ezz
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