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Face facts: Customers have never met a price they liked. And they will use every trick in the book to get you to lower your prices and give up profits. The typical business response is to discount, discount, discountresulting in less revenue and lower profits.
In Pricing with Confidence, pricing gurus Reed Holden and Mark Burton offer a radically different solutionone that actually builds revenues and profits without lowering prices. The key? Linking prices to the value delivered. The real trick is to bring people from marketing, product development, sales, and senior management into the process of discovering and defending the value you create for customers.
Holden and Burton show you how you can get everyone in your firm to feel 100% confident in your pricingno matter what customers are saying or how fierce the competition. By following the ten simple rules outlined in Pricing with Confidence, you will be able to hold steady or even raise prices while your customers experience increased value for every dollar they spend. The result is increased revenues and profits.
Pricing with Confidence is a road map for senior leadership in sales, marketing, finance, and pricing to work together to outperform the competition. Pricing with Confidence is organized into ten simple and practical rules to help senior leaders tackle rampant price discounting, negotiate with poker-faced customers, and protect the value a company works so hard to create.
Pricing with Confidence
Pricing is hard. If you get it wrong, you lose profits, revenue, or both. This book is your road map for getting pricing right. Here is a sampling of the rules you need to follow if you want to stop leaving money on the table:
Rule One: Replace the Discounting Habit with a Little Arrogance
Who says you have to discount? See how one company kicked the end-of-quarter discount habit and increased revenue seventeen percent and profits thirty-seven percent, grabbing $300 million off the poker table.
Rule Two: Understand Your Value to Your Customer
Your customers are eager to tell you. Are you ready to listen? By focusing on value delivered, Phillips garnered twenty-five percent of the price-competitive lamp market. See how Phillips did it.
Rule Three: Apply One of Three Simple Pricing Strategies
One of these three simple strategies will work for you. See how Dell stumbled with the wrong pricing strategy and how it recovered.
Rule Five: Price to Increase Profits
Revenue is good, but profits are better. Southwest Airlines and JetBlue have figured this out and avoided "dumb-bell pricing." Here's how you can, too.
Rule Eight: Build Your Selling Backbone
Use the first seven rules to add confidence as you sell to tough customers. Find out how a supplier of commodity electronics grabbed an extra $12.5 million off the table in a tough customer negotiation.
The book has very limited scope. It is very good for increasing profitability of B2B sales and for optimizing already existing market activities with established customers. Read morePublished 15 months ago by FM
Before you ask to pay for your service, learn how to do it properly!
I appreciate the author way to make it simple and complete
I recommend this reading for those new to pricing optimization. It gives a good baseline for future readings. Read morePublished on March 17, 2013 by Amazon Customer
When your client starts arguing about price, you need confidence to stick to your guns and not get dragged into discount hell. Read morePublished on October 5, 2012 by Jochen Lillich
As a sales trainer, I view things from how salespeople deal with clients especially in competitive situations. Read morePublished on July 24, 2012 by Victor Antonio, Sales Influence
I've trained almost 1000 sales, marketing and finance professional in pricing in Fortune 50 businesses over the past decade. Read morePublished on May 12, 2012 by christopher provines
This is one of few pricing books that focuses on business markets.
What distinguishes this text as a pricing reference for any organisation selling in business markets... Read more
As a business owner I am continually looking to expand my knowledge & understanding of the variuos aspects of running a business where I have little formal business or management... Read morePublished on December 29, 2011 by PJM
This is a book for the practitioner, whether it is CEO, CFO, VP Sales/marketing. They do a very good job with strategy:
set pricing and offerings
establish list... Read more