On Monday, I wrote about how to determine the price customers are willing to pay. Today, I'd like to talk about the two distinct sales that you must make to maximize the perceived value of your offerings.
Monday, I wrote that the price someone is willing to pay is determine by adding the value of the commodity with the perceived value of your intelligence. The two sales directly equate to those points. I call the two sales:
The Account Sale is all about determining the consequences of not buying from you - what I call making your offering a prescription drug. The reality is that there is only one reason a potential customer fails to buy from you or fails to pay what you want them to pay: they do not see the consequences.
The best thing you can do to determine your account or intelligence value is to answer this simple question:
What would go wrong (or what would fail to go right) if I didn't buy from you? If I bought from a competitor, handled it myself or simply ignored the issues altogether?
So share. What would go wrong if I failed to buy from you? Share your response and I'd be happy to provide some feedback.