Selling Made Simple And Salesman Podcast

Eliminate Price Objections – 4 Steps to Boost VALUE | Selling Made Simple


Listen Later

Pop quiz hotshot—what’s the #1 sales objection you’re likely to run into? Got it yet? The answer is overwhelminglyprice. But 90% of the time, the problem isn’t about budget or expenses. It’s about value.

The better you are at selling your value, the less price is going to matter. And this 4-step framework shows you how to do just that.


Now, one of the most important lessons you’ll learn in your sales career is that value isn’t the same as price.

And oftentimes, an objection on price really comes down to value, not the cost.

In my interview with Saas marketing expert Ajit Ghuman, he said the same thing…

Expert Note:
“Many times the issue of price is not the issue of price, it's an issue of we didn't communicate the value properly.”
Ajit Ghuman
Salesman Podcast
What Is Value?

What is “value” in the context of a B2B sale?

Value is the difference between the intrinsic cost of a product and the price the buyer pays.

So a car for example has intrinsic cost in the fact that it’s made of lots of expensive materials.

But the value is that it can take you places. You don’t have to take the bus, you can fit more activities in your day, and it can exhilarate you if you like driving fast like me.

So it’s much easier for a buyer to say yes to an offer with lots of value, because it makes the offer price look small in comparison.

This gets exciting for salespeople because…

Total Value = Product value + Your value 

So you actually have a leverage point here to close more deals, and you don’t have to rely on anyone else to increase the value in the equation.

So how can you as an individual salesperson add more value to the offer and make it a no-brainer for the buyer?

The 4 Steps to Building Real Value

That’s where today’s framework comes in. In four steps, you can increase both the product value and your own value to the buyer. And that way you don’t have to compete on price at all.

1. Identify Real Problems

Often buyers will come to you with what they believe is their issue. But in reality, they’re just seeing the superficial problem—the symptom rather than the disease. With your experience, you’re perfectly situated to help the buyer diagnose what’s really wrong.

Think of it like a buyer going to a mechanic and saying that their steering wheel is causing them issues. They turn the steering wheel but the car doesn’t change direction.

But you as an expert in your field can see plain as day that the car doesn’t have any wheels. No wonder that turning the steering wheel isn’t working.

In the same way, you can add massive value to your potential buyers by diagnosing the problem that’s causing the issues they see.

2. Be a Guide

Next up, you know the pitfalls of your industry and products. It’s likely you’ve taken buyers through the buying process hundreds of times.

The buyer on the other hand may be making a purchase in your industry for the very first time.

Therefore there’s tremendous value for the buyer if you can honestly help them navigate the landmines and potential issues they may face along the way.

For example, when I was selling medical devices I’d regularly add value to the surgeons that’d head up the buying project by making introductions to key procurement and management staff that they didn’t realize they needed to onboard before getting the deal signed. By making their life easier, I was able to increase the total value of working together.

See how that works?

3. Industry Insights

Next up is industry insights. I have a couple of consulting clients that don’t want me to teach them how to sell. They’re already doing a great job at getting deals done.

Instead, they jump on the phone with me every month to get insights on what is working across the broader B2B sales industry.

They’re looking for cutting-edge, innovative ideas, not a training plan.

Now you might not realize it but you’re probably full of industry insights that could be really valuable to your buyers too.

Just think how much time you spend in and around your own specific part of your industry. It’s likely 100x more experience than your buyers have with it. So you’ve likely lots of valuable insights to share and boost your value.

4. Facilitating the Buying Process

Finally, unless you’re selling to a professional procurement team, it’s likely your buyer isn’t used to buying things in the B2B environment.

Buying new products, services, or technology probably makes up a tiny amount of what they do each year in their job.

You know who needs to be involved. You know how long these things take. You know what issues need to be investigated before the deal can happen.

So you can add tremendous value by educating your buyer and streamlining their efforts throughout the buying process.

The post Eliminate Price Objections – 4 Steps to Boost VALUE appeared first on Salesman.com.

...more
View all episodesView all episodes
Download on the App Store

Selling Made Simple And Salesman PodcastBy Salesman.com

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

237 ratings


More shows like Selling Made Simple And Salesman Podcast

View all
The Advanced Selling Podcast by Bill Caskey and Bryan Neale: B2B Sales Trainers

The Advanced Selling Podcast

348 Listeners

Sales Gravy: Jeb Blount by Jeb Blount

Sales Gravy: Jeb Blount

562 Listeners

The Brutal Truth about Sales and Selling - We interview the world's best B2B Enterprise salespeople. by Brian Burns

The Brutal Truth about Sales and Selling - We interview the world's best B2B Enterprise salespeople.

1,119 Listeners

Round Table China by China Plus

Round Table China

148 Listeners

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship by Omer Khan

The SaaS Podcast - SaaS, Startups, Growth Hacking & Entrepreneurship

182 Listeners

Sales Influence Podcast by Victor Antonio

Sales Influence Podcast

320 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,327 Listeners

Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

Think Fast Talk Smart: Communication Techniques

798 Listeners

Sales Logic - Selling Strategies That Work by Sales Logic Podcast

Sales Logic - Selling Strategies That Work

57 Listeners

30 Minutes to President's Club | No-Nonsense Sales by Armand Farrokh & Nick Cegelski

30 Minutes to President's Club | No-Nonsense Sales

389 Listeners

The Sales Management. Simplified. Podcast with Mike Weinberg by Mike Weinberg

The Sales Management. Simplified. Podcast with Mike Weinberg

255 Listeners

The So What from BCG by Boston Consulting Group BCG

The So What from BCG

220 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

352 Listeners

Next Level Pros by Chris Lee

Next Level Pros

184 Listeners

Andy Elliott's Elite Mindset Motivation and Sales Training by Andy Elliott

Andy Elliott's Elite Mindset Motivation and Sales Training

159 Listeners