{"id":1030,"date":"2007-06-25T13:12:05","date_gmt":"2007-06-25T18:12:05","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2007\/06\/value-is-more-than-price\/"},"modified":"2007-06-25T13:12:05","modified_gmt":"2007-06-25T18:12:05","slug":"value-is-more-than-price","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2007\/06\/value-is-more-than-price\/","title":{"rendered":"Value Is More Than Price"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" style=\"margin: 5px 10px 10px 0px\" height=\"120\" src=\"https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2007\/06\/windowslivewritersellvalue-a0afbullseye-man.jpg?resize=86%2C120\" width=\"86\" align=\"left\"> I had an revealing discussion with one of our client&#8217;s this morning.&nbsp; This gentleman is the President of his company and we are running our process for a second sales position (selected 1 salesperson already).&nbsp; The conversation centered on the problems he had with a previous salesperson who has since been let go.<\/p>\n<p>This salesperson was completely reactive &#8211; he possessed no selling system whatsoever.&nbsp; His process was to take a call and fish for a request for proposal (RFP).&nbsp; He would respond to the RFP and hopefully get the business.&nbsp; Sad, but that was his process.<\/p>\n<p>The President was hesitant to let this sales guy go because he thought their RFP work would decrease.&nbsp; They fired the guy and the RFP rate has continued unabated.<\/p>\n<p>I asked the President what is the pattern for winning the RFP process.&nbsp; His response &#8211; &#8220;We get the business when we are the lowest price.&#8221;&nbsp; He followed that up by stating that it is obvious these companies do not see the value that the company brings to the marketplace.&nbsp; This statement is absolutely correct.&nbsp; The previous salesperson could not sell their unique value.<\/p>\n<p>Our client has a unique finishing process that has tremendous advantages over the competing processes in the market.&nbsp; Unfortunately, it is a rather unknown process and it costs more &#8220;per piece&#8221; to use it.&nbsp; The long-term cost of the process blows away the competition.&nbsp; But here is the rub &#8211; if a salesperson gets caught up in the RFP price matrix, they are toast.<\/p>\n<p>When someone from a large company is making a purchasing decision and they do not understand your value, they will always revert to a price decision.&nbsp; Their reasoning is simple, it is highly unlikely that they will be fired for choosing a lower-priced option that fails.&nbsp; They can simply state they chose the best solution according to their price matrix.<\/p>\n<p>Pathetic.&nbsp; And a real issue for salespeople if they are asked to sell a product or service that is not the low-priced option in the market.&nbsp; The difficulty is that value is not solely determined by price.&nbsp; Price is simply a component of the value.&nbsp; When companies cannot determine the unique offering you bring to the market, they simply drop your solution into an Excel spreadsheet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I had an revealing discussion with one of our client&#8217;s this morning.&nbsp; This gentleman is the President of his company and we are running our process for a second sales position (selected 1 salesperson already).&nbsp; The conversation centered on the problems he had with a previous salesperson who has since been let go. This salesperson was completely reactive &#8211; he possessed no selling system whatsoever.&nbsp; His process was to take a call and fish for a request for proposal (RFP).&nbsp; He would respond to the RFP and hopefully get the business.&nbsp; Sad, but that was his process. The President was hesitant to let this sales guy go because he thought&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2007\/06\/value-is-more-than-price\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[4,9],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-gC","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1030"}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1030"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1030\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1030"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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