How do you respond when someone says your product is expensive?
John Peck
“You’re too expensive!” “I can’t possibly afford that right now.” “It’s much more than I expected.” “Can you do something about the price?”…Say to your client:
- “You reached out to me because you need help with [XYZ].
- “What would it mean to you if I can help you solve the [XYZ] problem immediately?”
How do you respond to price inquiries?
To answer the price question right away while also building value, try one of these strategic responses. Use a direct, matter-of-fact, confident tone. Price + Question: “The preliminary price is $____ and that includes ______. What criteria, other than price, will you be using to make your final decision?”
How do you respond to price is too high?
4 Ways You Should Respond:
- Silence! First thing you should do is take a couple seconds before you do anything.
- “Give / Get” When customers ask for a discount, ask what they would be willing to give up.
- Ask Questions.
- Customer References.
How do you answer is this your best price?
How to Answer, “What’s the Best Price?”
- Acknowledge the Question and Offer More Information. “I’m happy to tell you more about the price, but first…”You’ve probably heard that from a fellow salesperson at least once in your life.
- Educate Them on What They’re Getting.
- Give the Customer Some Control.
Whats your best price meaning?
When customers ask, “what’s your best price?” they are actually asking, “What is the lowest price that you will sell me this product for?” The question can have various different answers. Sellers are making an effort to make money and buyers are trying hard to save money by getting the best price.
How do you overcome I can’t afford it objection?
I can’t afford it, simply means that you have not helped the prospect to see the value of the investment you are asking them to make. Step back, rewind and revisit value. The only way to obliterate the objection is to create more value in your sales process. Again, price is not a barrier if the value is present.
What is an effective polite way to say you can’t afford something?
Trust me, there’s no need to make this a big production. Keep it simple and positive. Just say something along the lines of, “I’m so sorry to miss out on the fun, but X isn’t in my budget right now. But I’m so happy for you, and I’d love to celebrate in another way!”
How do you refuse something nicely?
How to reject someone nicely
- “‘ I think you are a wonderful person, but I just don’t feel any attraction for you.
- ” Straight up and honest.
- “‘ Sorry but I’m not interested in a romantic or sexual relationship with you'”.
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