What it really means when the client says you are too expensive

Do you know why are they saying this?

Is it because:

• They genuinely can’t see what they are getting and so they say it’s too expensive?
• They really want it and they can’t find the money?
• They need your solution and are going with a competitor and this is a tidy way of getting rid of you?
• They want you to drop your price and this is a tactic?

Please recognise – it’s never about the money.

People do not buy on price, they buy on the value they are getting.

Here are some tips on how to adapt during pricing conversations.

1. When they genuinely can’t see what they are getting so they say your offer is too expensive

• Have you worked out what they value?
• How did you explain the value proposition to the client?
• Was it polished, professional and at all times includes ‘what’s in it for them’?
• Was your presentation tailored to the client and made 100% relevant for them – not the standard deck presented to anyone and everyone?  Don’t make them hunt for what is relevant to them.

2. They really want it and they can’t find the money. They are saying things like – I soooo want this, I’m not buying elsewhere, this is exactly what I won’t but I don’t have the budget

• Have you reframed so they see how they will save money? In time, recourses, easier to use, man hours, they look better… the list goes on.

3. They need your solution and are going with a competitor –  a tidy way of getting rid of you.

• Did you ask enough relevant, astute questions to truly understand what is of value to them?   It seems the competitor did a better job of aligning and explaining the value than you did.

4. They want you to drop your price – this is a tactic.

• Don’t go there, don’t apologise
• Repeat what they value and what this solution will do for them. Don’t’ ‘hold your ground’ in a face off
• Take them to ‘the outcome’ – anchor them in ‘when you have this solution A this is how life will be’ – take them there.

One of our outstanding graduates who knows the value of her products inside out. 

Want to know more?

See our blog on The client says they don’t have the money.

Learn more about value, business growth and creating opportunities in our programs

We live and breathe conversations about:

• understanding and articulating value
• driving commercial growth to help our clients experience the results they want in sales, business, mindset
• enhancing performance and success for themselves and their teams.

To find out how we can help you:

• Call us on 02 9188 5253 or 03 9088 3382
• Drop us a line at team@smarterselling.com.au or
• Contact Charmaine directly at Charmaine@smarterselling.com.au

Learn more

1. Sales Leadership program: for leaders covering 22 units (series of 4 at a time) guiding you through everything you need to know to run a proactive, driven, highly successful team> learn a great deal about personality types! >> chat to us
2. Watch the Sales Leadership webinar recording:

Piece written by Charmaine Keegan,  author of over 20 eBooks, is a sought-after guest speaker, panellist, and keynote. She is a Certified Trainer Extended Disc System, of Situational Leadership, of NLP (how we operate), Hypnotherapy (unconscious communication) and Timeline Therapy (recognising your beliefs about sales and money – and recognising that of your customer). She has studied the psychology of human behaviour and is considered an absolute authority and true expert on sales techniques. She has ‘walked the walk‘ so her content, programs and key notes are highly practical and focused on results.

Smarter Selling is sales and mindset coaching for high performing leaders and teams