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Business Success Tip #13 - Own & Communicate Your Value
Published on 24 Oct 2007 at 12:17 pm.
3 Comments.
Filed under Business Development, Feature Articles.
One of the biggest challenges clients tell me about is how uncomfortable they are to talk about their fees with potential clients and customers. When asked the question, “How much do you charge or what’s the cost?” they feel tightness in their stomach and throat as they answer. If they meet with any resistance like, ” Wow, you’re expensive or I can’t afford that,” they often respond by trying to defend their fees in the hopes of convincing folks that hiring them is worth it because they want to make the sale.
I had one client tell me that when she gets resistance from potential clients, she points out how competitive her fees are in the marketplace and repeats what she does for her clients. If that fails to close the sale, she then offers a reduction which frequently overrides any further resistance.
How does she feel afterwards? Happy she has a new client? Nope. She feels lousy.
Why? Deep down inside she know she is allowing her clients to run her business.
She lacks believing and trusting her real value in the marketplace and having the courage to let someone walk away.
How about you?
- Do you understand the real value you provide to your customers and clients? In other words, the benefits your clients receive from doing business with you that is of value to THEM? Don’t know? Ask them. They’ll tell you why they continue to work with you.
- Do you own your expertise as a value as well as a skill? Really claim it? I have a client who feels very confident when she is able to answer questions from her knowledge of her business and yet, she fails to equate her expertise as a value worth full compensation.
- Do you have confidence in your skills and experience? Do you recognize your unique strengths, talents, and gifts?
Promote yourself as an investment rather than as an expense. Successful people know you must spend money to make money. If you fail to close a sale with an ideal client who needs what you have to offer, you might have missed articulating your real value to them. When you provide compelling benefits to potential clients, closing the sale is easy. Add rave reviews from satisfied customers and clients to any referral and adding new clients becomes effortless.
A friend of mine said, you know when you have assigned the right value on what you have to offer when you can quote the amount without stumbling or laughing.
Even if you have made a compelling reason for someone to say yes and they still walk away. Be ok with that and let them go with your best wishes for their success. Working together might not have been the right fit at this time.
When you know your value, the benefits you provide and are marketing yourself so that you’re not the world’s best kept secret, clients will find you. No kidding.
You just found me, right? 
Enjoy!
Lorraine
www.powerfull-living.biz
http://www.powerfull-living.biz/blog/2007/10/24/business-success-tip-13-own-communicate-your-value/trackback/
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