Three Types of Buyers That Don’t Buy On Price
Learn How to Identify Three Types of Buyers Where Additional Discounts Won’t Actually Help You Win the Business
Extensive research shows that despite the sales lore, pure price buyers are typically no more than 20-30% of any given B2B market. But customers have learned that if they complain loudly enough about price, they might get a break --- even if they are secretly willing to pay more. In this diagnostic by Chris Mitchell of Holden Advisors, you'll learn:
- How to identify a buyer that takes a long-term view of their vendor relationships and values quality and collaboration.
- How to identify a buyer that's really willing to pay a higher price as long as they're confident they're getting more value.
- How to identify a buyer that's actually just pretending to be a price buyer in order to get the lowest possible price.
- How to identify a true price buyer that really does want the lowest price and is willing to give-up value to get it.
This diagnostic is just one of hundreds of educational resources you get access to as a PricingBrew Journal subscriber.
More Subscriber-Only Resources From Our Library
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Managing Your "Minimum Advertised Price"
Many manufacturers have augmented their channel strategies with MAP (Minimum Advertised Price) policies. While not a panacea, MAP policies can mitigate many channel control and conflict issues. In this guide, we expose 20 strategies and tactics for more effective MAP policies and programs.
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Identifying the Right Unit of Value for Pricing
Simple pricing structures can hurt revenues and profits when they fail to align customer value and costs. This case study demonstrates how to identify the right "unit of value" for both pricing and costing purposes.
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Avoiding Five Margin-Killing MarCom Mistakes
A guide to common marketing communication mistakes that reduce your perceived value and pricing power.
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Neutralizing the Sales Team's Excuses
When sales reps fail to do what's expected, it's human nature to offer "explanations" beyond personal failing or expedience. Learn how Pricing can address the top "reasons" for poor price execution in the field.
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Pricing for Profitable Growth
Delivering On the Growth Imperatives While Protecting Margins and Profits
