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The Psychology Behind Why Customers Say "Yes" to Your Price
Ever wondered why some payment options just click with customers while others fall flat? Today, we're diving into the art and science of structuring payment options for maximum acceptance. Whether you're a fan of price anchoring, debating monthly vs. annual plans, or just want to know when to drop the price bomb, we've got the insights you need to make your pricing irresistible.
In Today’s Jam
The Sales Tip Of The Week: Data doesn’t lie
The Sales Lab: How to Structure Payment Options for Maximum Acceptance
Weekly Poll: When do you talk about price?
Sales Q&A: Tips for Medical Sales
The Future Belongs to Sellers Who Can Zoom Out and Back In
Sales Scene Of The Week: End of Quarter Sales Manager
The Sales Lab🔬: How to Structure Payment Options for Maximum Acceptance
Here's the truth: Most sellers are terrible at presenting price. They either blurt it out too early, apologize for it, or present it in a way that makes customers run for the hills.
But smart sellers? They understand that how you present your price is just as important as what you're charging. Let's break down the psychology that actually works 💰
The Magic of Three (Price Anchoring That Works)
Your brain is wired to compare things. When you give someone only one choice, they compare it to... nothing. Or worse, they compare it to your competitor's price.
Here's the winning formula:
🥉 Good Option: Covers the basics, gets the job done
🥈 Better Option: Most popular choice, best value (this is what you want them to pick)
🥇 Best Option: Premium features, makes the middle option look reasonable
The expensive option isn't there to sell. It's there to make your real target price look like a bargain.
Monthly vs Annual: The Psychology Game
Here's what most people get wrong about payment timing:
❌ Wrong: "It's $1,200 per year or $120 per month"
✅ Right: "It's just $120 per month, or save $240 with our annual plan"
Always lead with the smaller number. Your brain processes the first number as the "anchor" and everything else gets compared to that.
Pro tip: Break big numbers down even further. Instead of "$1,200 per year," try "less than $4 per day" or "$33 per week."
The Expensive Strategy (Yes, Really)
Being expensive isn't always bad. Sometimes it's your secret weapon.
High prices signal quality. They make people think your product is better. It's called the "premium pricing effect" and it's real.
But here's the catch: You have to earn the right to be expensive. You do this by:
Showing massive value first
Sharing success stories and results
Positioning yourself as the expert choice
Making the cost of NOT buying seem higher than buying
When to Talk About Price (Timing is Everything)
Never, ever lead with price. Build value first.
Here's the right sequence:
Understand their problem (What's keeping them up at night?)
Show the cost of doing nothing (What happens if they don't fix this?)
Present your solution (How you solve their specific problem)
Prove it works (Case studies, testimonials, results)
THEN talk price (Now they understand the value)
If someone asks about price early, try: "Great question! Let me understand what you're trying to achieve first, so I can put something in front of you that makes sense."
Do Talk About It!
In the first conversation (after value) open up conversations about budget and pricing.
Be confident when you present your pricing by pausing for a couple seconds after sharing the price.
Be concise, no need to overexplain or make things complicated. Be clear and direct.
When do you talk about the price? |
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It’s Time For That Dream Sales Job…💼
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Game Changers of the week🔥
The Future Belongs to Sellers Who Can Zoom Out and Back In
Learn how top salespeople use Warren Buffett's "zoom out" strategy to help buyers see the big picture and transform from transactional vendors into trusted consultative advisors.
How to Stay Emotionally Consistent in Sales—Even on Your Worst Days
Your emotional state determines sales success more than any technique—learn practical strategies for staying mentally sharp between appointments, including the power of compartmentalization and process-focused thinking.
5 Essential Tips to Become an Effective Sales Manager
Learn the fundamentals of sales leadership, from setting clear expectations and coaching relentlessly to hiring strategically and creating winning sales processes.
Sales Scene of the Week🎬
Does this sound familiar?
@corporate.sween The last 5 seconds is the most accurate part 🤣 #sales #saleshumor #saleslife #techsales #tech #softwaresales #software #workhumor #corporatehumor
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