Breaking BizDev

Pricing and Choice Architecture: Help Buyers Make Good Decisions


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Pricing is a major lever for revenue and growth, but most business development professionals are not involved in setting price. In most firms, there are a three main approaches to pricing  services:

  1. Cost-plus
  2. Market-based
  3. Value-based 

In this episode, John and Mark beat up pricing and offer a new perspective to help you guide buyers to making the right decision. You'll hear them discuss:

  • Why it's important to have pricing discussions early in sales process
  • How value pricing presents relieves downward price pressure
  • Elements of good pricing strategy: positioning, sequencing presentations, understanding needs, negotiating win-win
  • How to guide customers through options with choice architecture
  • An overview of common cognitive biases impact pricing

Share your feedback in our listener survey: https://www.surveymonkey.com/r/8V9T6Z7

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Breaking BizDevBy John Tyreman & Mark Wainwright

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