Hello! We’d like to understand how our competitors structure pricing in contracts and how much our target customers are paying. If you have some suggestions on conducting this research, I’d really appreciate your input!
Hello! We’d like to understand how our competitors structure pricing in contracts and how much our target customers are paying. If you have some suggestions on conducting this research, I’d really appreciate your input!
Hello,
We’ve done a few things:
Hello,
We’ve done a few things:
Awesome! I appreciate your response and love how you approached this from different angles. My team may have a follow-up question for you!
Great points from
If you have a good relationship with your clients (assuming you’re in B2B) sometimes it’s really enlightening to just have a conversation about other companies that are courting them.
When I have the right client or prospect on the phone, I ask what they expect and what else they’ve considered. If there are other solutions on the table and they’re able to share, talk about what the other deals look like from their end.
Some people will try to use this conversation as further negotiation, but most people give a straight answer, IME.
If the other offer is clearly better than what we have, I just tell them they should go for it. Sales doesn’t always like that, but it’s either a foregone conclusion or they’re bluffing. They’re usually a little surprised by the confident response and end up wanting to talk more -- they assume our confidence is based in having a better solution.
I know that’s a little sales-y but isn’t Product part Sales anyway? I like to turn the sales process into market research whenever possible.
Great points from
If you have a good relationship with your clients (assuming you’re in B2B) sometimes it’s really enlightening to just have a conversation about other companies that are courting them.
When I have the right client or prospect on the phone, I ask what they expect and what else they’ve considered. If there are other solutions on the table and they’re able to share, talk about what the other deals look like from their end.
Some people will try to use this conversation as further negotiation, but most people give a straight answer, IME.
If the other offer is clearly better than what we have, I just tell them they should go for it. Sales doesn’t always like that, but it’s either a foregone conclusion or they’re bluffing. They’re usually a little surprised by the confident response and end up wanting to talk more -- they assume our confidence is based in having a better solution.
I know that’s a little sales-y but isn’t Product part Sales anyway? I like to turn the sales process into market research whenever possible.
Product is part sales indeed Thanks for sharing this. It’s good to know most people will give a straight answer. Sharing with my team!
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