From the course: Creating Powerful Sales Proposals
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Comparing using a price play
From the course: Creating Powerful Sales Proposals
Comparing using a price play
- Now the third component is what I call price play. One way to do a price play is with a perpetual contrast. And what I mean by that is comparing something your product or service to something else that is a little different and more expensive. One of my mentors calls it comparing apples to oranges. Sure, you can eat both fruits, but they are different. So one of the things that we used to do in a business opportunity type of presentation or offer is we would compare or make the case to investing in something else. We would say something along the lines of, "Listen, if you go and buy a franchise, it's easily going to cost you 250,000, a quarter million dollars, because you're going to have to rent the real estate, you have to build out the store, pay the franchise fee, hire employees, et cetera." And then we'd remind them that a majority of these franchise owners only make $100,000 a year. So essentially, they're paying a…
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Contents
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Adding value or bonuses2m 21s
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Using value and bonus triggers to excel38s
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Using urgency and scarcity to excel1m 17s
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Urgency and scarcity when it comes to setting deadlines1m 29s
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Comparing using a price play1m 31s
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Providing a discount through a price play1m 44s
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Multiplying your value at a glance59s
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