Impact Pricing
Pricing Table Topics: Queen of Diamonds – Create Perceived Value with Marketing
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:02:59
- More information
Informações:
Synopsis
This one is the Queen of Diamonds from the Impact Pricing card deck. We often talk about how we want products that are different from our competitors. And if we think about what we want to build, we want to build products that are better, that are somehow differentiated. And when we do that, we've truly built value for our customers because our products are better than our competitor's products. However, sometimes our customers don't know that our products are better. And if they don't know our products are better and they've never used our product before, then we're not going to get paid more because our products are better. And so, that's a customer's perception. We need to make sure that our customers perceive our products to be better. In the ideal world, we build products that are better. We communicate that ideal differentiation to our customers. And our customers then choose to buy our product because they've perceived that value. Now, it's possible that we can communicate value that may not be true