Handling Objections - The Price is Too High

Handling "the price is too high" objection is a salesbenefits then features.
skill that must be mastered by the professional5.) If a big package is being sold, then maybe a
salesperson, especially if they are selling high endsmaller package option can be offered to lower
products or services. Product here could also be aprice.
business opportunity. Because products or6.) Financial options can be discussed.
services do not sell themselves and customers7.) Show what the cost is in smaller increments
raise objections that need to be answered;such as per month, per week, per day.
opportunity is created for the skilled salesperson8.) Compare the price to other vendors or
to earn salary or commission.service providers if their price or value can be
1.) Answer the common objections during thebeat.
sales presentation. If the salesperson believes the9.) Compare using the product or service to what
price is too high and other common objections forthe customer is currently doing and how the
their industry are likely too occur then handle thencustomer can save money or increase the
the best way is the raise the objection andcustomer's value or service using the product or
answer it during the presentation.service.
2.) Use a good well rehearsed sales scripts. A10.) Offer a guarantee to reverse the risk away
good sales script will eliminate most objectionsfrom the consumer.
before the close, and may contain a trial close,11.) If the objection is constantly being raised then
and keep the salesperson from saying and doingthe salesperson should do a better job of target
the wrong thing. If you need more help obtainingmarketing for wealthier prospects before setting
a sales script or more information then contactthe appointment for the sales presentation.
me.12.) If in fact the price is actually too high for its
3.) Tell a success story about a customer whovalue and benefits then the sales person should
had the same objection and explain how thechange company or industry.
product or service was successful in solving theirAs a member of the National Association of
problem.Professional Salespeople I have agreed to only
4.) If the customer asks about price too soonoffer quality products and services that are
before value is built, postpone stating the pricecompetitively priced to qualified customers and
until the benefits are built up to increase value toclients.
exceed the cost. It is more important to explain