Mikey P
Administrator
The subject of price stalling was recently brought up in the Business $ Marketing room.
How do you all handle the situation when the lady of the house wants to talk to her hubby before committing to your bid.
The SFS twins have what they claim is a proven way to get to the heart of the matter and get Mrs Pift to make the appointment right then and thar.
Read this, copy and print the key words and tape them inside your estimate folder or clip board and give it a try the next time the need arises.
..
The person who comes back with the best real story about how it worked for them will win a $100 gift certificate at the Jon Don of their choice.
But while I'm here, let me ask you, does the way I have this work order written meet your projected budget?"
Contest is over October 5th.
Good luck!
How do you all handle the situation when the lady of the house wants to talk to her hubby before committing to your bid.
The SFS twins have what they claim is a proven way to get to the heart of the matter and get Mrs Pift to make the appointment right then and thar.
Read this, copy and print the key words and tape them inside your estimate folder or clip board and give it a try the next time the need arises.
..
. the main objection is one that your clients seldom will verbalize. This is price. "Too much. Your prices are too high." Most of your customers will be too embarrassed to come out and say this so instead you'll get the old "Don't schedule anything. I need to check with my husband and we'll get back to you." Give me a break! If you agree and walk meekly away from this home, merrily humming as you anticipate the customer calling to book the job, you're lying to yourself. The chances are 99% that you'll never hear from this customer again. And all of your expense getting to this point, as well as the potential future revenue from this client, will be lost. Tragic.
So, how can you respond in a proactive way to the "I'll have to check with my husband and get back with you" objection? Obviously it would be a poor choice of tactics to say, "What's wrong? Can't you afford my prices?" Of course, that IS the exact problem but who wants to admit they can't afford something? With this response, all you've done is embarrass and antagonize a potential customer.
A tactful and productive response to the "I'll check with my husband" objection is to say, "Mrs. Jones, I understand. I'd appreciate my spouse talking with me before making a big decision. But while I'm here, let me ask you, does the way I have this work order written meet your projected budget?"
Do you see the beauty of this approach? Now in a face-saving way you can ferret out their real objection and deal with it. Yet you keep our pricing credibility when you say, "Does the way I have this written meet your projected budget?" 90% of the time the customer will say, "Well, it is a little more than I was counting on." Wonderful! You now have this "veiled objection" out in the open and can deal with it.
At this point when we're selling a service it's very important to maintain the respect of the customer on our pricing. If you say, "Well, if this amount doesn't meet your budget how about if we knock off $50?" The customer immediately thinks if we'll knock off $50, maybe we'll come down $100. And so it goes. But on the other hand, you want to show your flexibility to change your numbers to meet the customer's budget.
For example, you can look at the work order and say, "Let me ask you, Mrs. Jones, do you move the furniture in the family room much? No? Well, if we don't move the big furniture I can deduct 25% off that room price and that will lower your total bill by $22.88." You get the idea? Instead of both of you tip-toeing around the price problem, it's out in the open and now you're dealing with it as a consultant.
A fascinating point about this concept of lowering your price by deleting small, non-essential parts of your service is that often after you've removed several things the customer will say, "Oh, just go ahead and do it the way you originally wrote it up." All the customer needed was some time and an attitude of care and concern from you. (And the "illusion of control".) And even if they just have you do the smaller amount, wouldn't you rather have half a loaf than none? After all, you've already spent the time and money to get the customer this far in the buying process. Don't let them slide away easily now.
OK, that is it, folks. All you need to do the next time you get hit with the old "let me check with my husband" veiled objection just reply, "Mrs. Jones, I understand. I'd appreciate my spouse talking with me before making a big decision. But while I'm here, let me ask you, does the way I have this work order written meet your projected budget?"
The person who comes back with the best real story about how it worked for them will win a $100 gift certificate at the Jon Don of their choice.
But while I'm here, let me ask you, does the way I have this work order written meet your projected budget?"
Contest is over October 5th.
Good luck!