Youโll be familiar with the โchoose any twoโ option weโre told about when faced with the selection of fast, good or cheap in the buying process (you canโt have all three). These days, purchasing is more complex, and to my mind is reminiscent of the schoolyard game of scissors, paper, rock โ youโre not sure what the other party is truly offering until itโs all over.
Weโre currently working on a makeover of our eNewsletters. Easy enough, right? Well, no, it seems. Itโs complicated, itโs dull and right now itโs far too painful to talk about.
The thing is, Iโve never been after โcheapโ and yet itโs what I keep getting offered, and worse โ itโs always with a promise of โgoodโ (or more usually โexceptionalโ, โawesomeโ and so on). All backed up with testimonials and ratings.
In this video I recorded with sales and marketing author Neil Rackham last year, he offered some wise words (Neil was responsible for the largest ever study of sales effectiveness that ran over 12 years, involved 30 researchers and covered 20 countries โ yes, he knows stuff).
He commented that more than 80 per cent of people would rather buy โsafeโ than โriskyโ and they accept that safe costs more. But that was in the 1970s and the world has changed.
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Finding safe is getting harder and harder. Online smoke and mirrors makes it so much easier to conceal, hide, exaggerate, fake and โ if the going gets tough โ simply disappear altogether. It got me thinking about the importance of business integrity, and of communicating truthfully what you offer โ and its value โ to clients.
We have published this great little podcast on pricing with Julia Bickerstaff and our Premium Members will find a terrific, Guide to Pricing Business Services in their member benefits area. And thereโs more. Just read this fascinating thread in the forums about one soloistโs plan to revolutionise his fees.
Yes, Iโm all for pricing profitably; however, IMHO itโs greater honesty in what weโre capable of delivering that needs a major overhaul.
Got any tips? Please share in the comments.
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