When a prospect objects that your price range is too high, immediately pivot by asking what number they have discussed internally. This tactic leverages transparency—since you've shared your number, it's reasonable for them to share theirs—and quickly uncovers their real budget expectations.
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Instead of stating a single number, introduce price as a range based on what similar customers invest to solve comparable problems. This normalizes the cost, provides a clear budget anchor, and frames the conversation around investment and partnership rather than a transactional price tag.
Instead of asking for a budget, which can feel confrontational, state a typical investment range for your solution. This anchors the price, makes the conversation less awkward, and positions you as a transparent consultant by asking where they fall within that range based on their research.
Salespeople often delay price discussions to first demonstrate value. However, no amount of value can overcome a fundamental budget mismatch. This wastes time for both the seller and the buyer, as the deal is destined to fail if the price is out of reach.
Involving prospects in designing their own solution builds a sense of ownership. This "IKEA effect" increases the solution's perceived value, justifying a higher price and neutralizing competitor discounts, even when the final cost is higher.
Don't view objection handling as a debate to be won. Its real purpose is to provide a logical, non-annoying pretext to re-ask for the sale. By addressing the concern, you earn the right to make another closing attempt without alienating the prospect.
Instead of countering an objection, diffuse the conflict by relating to the underlying emotion. For a price objection, say, 'It sounds like you make really good decisions with money.' This shows empathy without agreeing their price is too high, lowering their defenses and making them more collaborative.
Price objections don't stem from the buyer's ignorance, but from the seller's failure to establish clear economic value. Before revealing the cost, you must build a business case. If the prospect balks at the price, the fault lies with your value proposition, not their budget.
By proactively asking about potential deal-killers like budget or partner approval early in the sales process, you transform them from adversarial objections into collaborative obstacles. This disarms the buyer's defensiveness and makes them easier to solve together, preventing them from being used as excuses later.
Asking a client for their budget is a mistake because they aren't the expert and don't know what's truly possible. Instead, present a vision of the ideal outcome to educate them on a better solution. This shifts the conversation from price to value, often leading to a much larger sale.
Instead of hiding price until the end of the sales cycle, be transparent from the start. Acknowledge if your solution is at the high end of the market and provide a realistic price range based on their environment. This allows you to quickly qualify out buyers with misaligned budgets, saving your most valuable asset: time.
