How Salespeople Influence Willingness To Pay

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

United States Headlines News

United States Latest News,United States Headlines

Chris Mele is the managing partner of Software Pricing Partners. Read Chris Mele's full executive profile here.

Imagine that you’re in the market for a used car. You see a certain price online and figure it’s a good deal. You’re willing to pay that amount to drive off with the car. But when you get to the dealership, another customer tells you that they managed to snag a $3,000 discount for the same car model. Suddenly, you’re no longer willing to pay the proposed price—you know that if the other customer got a discount with the salesperson you’re speaking with, you might be able to get one, too.

In essence, salespeople function as entrepreneurs within software companies. They tend to have distinct sales methodologies and philosophies and often have free rein to experiment. That experimentation usually manifests in the form of discretionary discounting behaviors. Ex Trump Attorney John Eastman Should Be Disbarred Over 2020 Election Interference Charges Judge Says

A software company can conduct survey after survey on their prospects’ willingness to pay. But these surveys don’t take into account salespeople’s. Software companies don’t tend to be disciplined about pricing; they don't treat it as a science. As a result, they havewhere salespeople have leeway to give discounts they believe will win sales. The problem with that approach is that B2B buyers, and these days, it’s easier than ever for them to get it. Prospects trade notes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Will Smith, Chris Okey and Chris Owings homer as Dodgers beat RangersMichael Grove starts and pitches well into the fourth; Blake Treinen is diagnosed with a right rib contusion after being hit by a comebacker in the fifth
Source: ladailynews - 🏆 332. / 59 Read more »

Why 18 door-to-door salespeople sued their employer on the same dayGrit Marketing allegedly earned millions last year. Salespeople claim it owes them money, and 18 of them have filed lawsuits against the company.
Source: sltrib - 🏆 316. / 61 Read more »

Chris Jones' Deal Confirms Travis Kelce Is the Gift That Keeps on GivingWhile the Chiefs signing Jones is a positive development, Kelce remains a massive bargain.
Source: Newsweek - 🏆 468. / 52 Read more »

San Antonio restaurants: Fire ravages Cafe Chris in PleasantonThe fire broke out on Monday night, forcing the restaurant to shutter until further notice. No one was hurt.
Source: ExpressNews - 🏆 519. / 51 Read more »

Travis Kelce Meets Chris Kirkpatrick's Son at Justin Timberlake ConcertTravis Kelce was all smiles in a photo with Chris Kirkpatrick's son at Justin Timberlake's concert on Wednesday, March 13
Source: usweekly - 🏆 390. / 55 Read more »

Travis Kelce Smiles with Chris Kirkpatrick's Son Nash at Justin Timberlake Concert: 'Something Big Happened'Travis Kelce posed with Chris Kirkpatrick's son Nash, 6, at the Justin Timberlake concert in Los Angeles. Timberlake brought out his former *NSYNC bandmates, including Kirkpatrick, for a surprise performance of their song 'Paradise.'
Source: people - 🏆 712. / 51 Read more »