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Pricing and Choice Architecture: Help Buyers Make Good Decisions

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Manage episode 404045339 series 3555562
Contenido proporcionado por John Tyreman & Mark Wainwright, John Tyreman, and Mark Wainwright. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente John Tyreman & Mark Wainwright, John Tyreman, and Mark Wainwright o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Pricing is a major lever for revenue and growth, but most business development professionals are not involved in setting price. In most firms, there are a three main approaches to pricing services:

  1. Cost-plus
  2. Market-based
  3. Value-based

In this episode, John and Mark beat up pricing and offer a new perspective to help you guide buyers to making the right decision. You'll hear them discuss:

  • Why it's important to have pricing discussions early in sales process
  • How value pricing presents relieves downward price pressure
  • Elements of good pricing strategy: positioning, sequencing presentations, understanding needs, negotiating win-win
  • How to guide customers through options with choice architecture
  • An overview of common cognitive biases impact pricing

Connect with Mark on LinkedIn: https://www.linkedin.com/in/markhwainwright/
Connect with John on LinkedIn: https://www.linkedin.com/in/johntyreman/
www.breakingbizdev.com

  continue reading

42 episodios

Artwork
iconCompartir
 
Manage episode 404045339 series 3555562
Contenido proporcionado por John Tyreman & Mark Wainwright, John Tyreman, and Mark Wainwright. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente John Tyreman & Mark Wainwright, John Tyreman, and Mark Wainwright o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Pricing is a major lever for revenue and growth, but most business development professionals are not involved in setting price. In most firms, there are a three main approaches to pricing services:

  1. Cost-plus
  2. Market-based
  3. Value-based

In this episode, John and Mark beat up pricing and offer a new perspective to help you guide buyers to making the right decision. You'll hear them discuss:

  • Why it's important to have pricing discussions early in sales process
  • How value pricing presents relieves downward price pressure
  • Elements of good pricing strategy: positioning, sequencing presentations, understanding needs, negotiating win-win
  • How to guide customers through options with choice architecture
  • An overview of common cognitive biases impact pricing

Connect with Mark on LinkedIn: https://www.linkedin.com/in/markhwainwright/
Connect with John on LinkedIn: https://www.linkedin.com/in/johntyreman/
www.breakingbizdev.com

  continue reading

42 episodios

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