Ep 160 - The Price Is Too High! Objection Live Training!

Have you ever wondered why some salespersons can effortlessly communicate value, while others struggle? And why are some customers willing to pay more for a product, simply because they perceive it to be of higher value? We tackle these fascinating questions head on in our latest podcast episode, drawing upon personal experiences to illustrate our points. Our discussion starts with an intriguing story about a placebo wine test, which serves as a springboard to explore the complex concept of perceived value. By providing your customers with multiple choices, you can foster a perception of value that transcends mere price tags. However, to do this effectively, you need to master the art of communicating value with confidence and compassion.

As we progress through the episode, we delve deeper into the challenges of price objections in sales. We discuss the importance of post-call evaluations and the role of fact-driven solutions in overcoming these objections. We bring in the example of a licensed electrician, illustrating how professional expertise contributes to perceived value. It's not just about doing the job, but doing it right - and understanding the potential consequences of a cavalier approach. We emphasize the need for a robust exchange of value and explore the concept of 'Service Oblactical', offering premium services that may cost more but guarantee quality and peace of mind.

Finally, we venture into the nuts and bolts of improving sales techniques. We share insights into the psychology behind customer interactions, highlighting the importance of mental endurance, assertiveness, and compassion. From controlling your tone to recording yourself for self-evaluation, we provide actionable tips to enhance your sales skills. We believe that a successful sale is not merely about exchanging goods or services for money, but about creating and communicating value. Join us in this insightful journey, get a fresh perspective on sales, and transform your approach to selling.

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