{"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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4,9],"tags":[],"class_list":["post-1030","post","type-post","status-publish","format-standard","hentry","category-sales-management","category-sales-techniques"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-gC","jetpack-related-posts":[{"id":1591,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/05\/definition-of-insanity-ats-and-sales-hiring\/","url_meta":{"origin":1030,"position":0},"title":"Definition Of Insanity-ATS And Sales Hiring","author":"Lee Fratzke","date":"May 27, 2008","format":false,"excerpt":"According to Albert Einstein, the definition of insanity is doing the same thing over and over again and expecting different results.\u00a0 According to a recent post on Recruiting Trends and a 2007 survey from DDI & Monster regarding corporate hiring systems: Less than 50% stated that they were satisfied with\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1378,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/01\/a-red-flag-job-title\/","url_meta":{"origin":1030,"position":1},"title":"A Red Flag Job Title","author":"Derrick Moe","date":"January 15, 2008","format":false,"excerpt":"I came across a sales resume this morning that listed this title for the person's current sales position: Bid Writer Every siren at Select Metrix simultaneously went off on that one.\u00a0 If you are in sales and this is your title, change it on your resume.\u00a0 This title reads of\u2026","rel":"","context":"In &quot;Resumes&quot;","block_context":{"text":"Resumes","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/resumes\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1838,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/01\/rfi\/","url_meta":{"origin":1030,"position":2},"title":"RFI?","author":"Derrick Moe","date":"January 13, 2009","format":false,"excerpt":"Unbelievable. I have been solicited in a disgusting, disturbing manner.\u00a0Read this (my emphasis): This request for information (RFI) shall not be construed to be a Request For Proposal (RFP) and no agreement\/contract will be entered into with\/awarded to any vendor based on responses to this RFI, and it shall in\u2026","rel":"","context":"In &quot;Sales Management&quot;","block_context":{"text":"Sales Management","link":"http:\/\/selectmetrix.com\/blogs\/category\/sales-management\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":746,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/03\/qualifying-or-responding\/","url_meta":{"origin":1030,"position":3},"title":"Qualifying or Responding","author":"Derrick Moe","date":"March 12, 2007","format":false,"excerpt":"Managesmarter.com offers a short article regarding Best Sales Practices of 2007 that contains a stellar piece of sales advice: \"The dictum of 'No RFP shall go unanswered' is not a good idea,\" says Sam Reese, CEO of sales training firm Miller Heiman. Because of the time, energy and money involved\u2026","rel":"","context":"In &quot;Sales Techniques&quot;","block_context":{"text":"Sales Techniques","link":"http:\/\/selectmetrix.com\/blogs\/category\/sales-techniques\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5020,"url":"http:\/\/selectmetrix.com\/blogs\/2017\/05\/best-salesperson-traits\/","url_meta":{"origin":1030,"position":4},"title":"Best Salesperson Traits","author":"Derrick Moe","date":"May 22, 2017","format":false,"excerpt":"Two crucial salesperson traits that rarely get discussed. Ok, not my list but Bill Golder\u2019s article on LinkedIn:\u00a0 Top 5 traits of the best sales people I've ever seen The list hits on two traits that I believe are crucial to sales success.\u00a0 The first is curiosity.\u00a0 This trait sounds\u2026","rel":"","context":"In &quot;Assessing&quot;","block_context":{"text":"Assessing","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/assessing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2017\/05\/Toolbox.jpg?fit=273%2C228&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2010,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/05\/bite-sized-selling\/","url_meta":{"origin":1030,"position":5},"title":"Bite-Sized Selling","author":"Derrick Moe","date":"May 5, 2009","format":false,"excerpt":"I have come across many articles recently that promote selling tips in this recession.\u00a0 One common thread runs through all of them \u2013 chase smaller deals.\u00a0 Here is an example from Inc.com - 5 Tips for Selling a Service Now: \u201cThe big change for us in 2009 is that we\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1030","targetHints":{"allow":["GET"]}}],"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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