Impact Pricing

Pricing Table Topics #85: Jack of Hearts: 'Will I' Decision Needs Different Information than 'Which One’ Decision


Listen Later

This is the Jack of Hearts from the Selling Value card deck.

It's true, buyers making the 'will I' decision do need different information than those making the 'which one' decision.

In the 'will I' decision, they're trying to decide, should I buy something in this product category or not? What they're really saying is, is this a place I should spend my budget? Or you could think of this as, how big is the problem I'm going to solve, should I spend these resources to go solve this problem? And that's the information they want to know is, what's the value of solving this problem?

Once they've said, yes, that seems like a good place to spend my money. Then they move on to making a 'which one' decision. Should I buy your product or should I buy a competitor's product?

When they're making this 'which one' decision, they're now looking at the differences of the products, the features, and in fact, they're trying to estimate how much value is that feature for that one more expensive product. I often like to think what they're really asking is, is the more expensive product worth it? So, when buyers are making the 'which one' decision, they're actually looking at the differentiation of our products.

So, it's true, buyers making the 'will I' decision do need different information than buyers making the 'which one' decision.

We hope you enjoyed this example of Pricing Table Topics. If you want to get better at speaking, specifically about pricing and value, grab a deck of our cards, pull a random card, read the saying, and then talk for one to two minutes about what that card says.

If you have any questions or feedback, please email me, [email protected].

Now, go make an impact.

 

Connect with Mark Stiving:

 

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

Impact PricingBy Mark Stiving, Ph.D.

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

50 ratings


More shows like Impact Pricing

View all
Economist Podcasts by The Economist

Economist Podcasts

4,275 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,033 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

519 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

208 Listeners

Odd Lots by Bloomberg

Odd Lots

1,784 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

7,087 Listeners

Worklife with Adam Grant by TED

Worklife with Adam Grant

9,188 Listeners

The Peter Attia Drive by Peter Attia, MD

The Peter Attia Drive

7,928 Listeners

Nudge by Phill Agnew

Nudge

170 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,397 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,170 Listeners

A Bit of Optimism by Simon Sinek

A Bit of Optimism

2,186 Listeners

ReThinking by TED

ReThinking

611 Listeners

ACQ2 by Acquired by Ben Gilbert and David Rosenthal

ACQ2 by Acquired

212 Listeners

HBR On Strategy by Harvard Business Review

HBR On Strategy

84 Listeners