B2B Marketing Traction

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Does Your Pricing Leave Money on the Table?

B2B Marketing Traction

What’s the best way to price your product or service for business to business (B2B) marketing? This is one of the most common questions B2B marketers have, and pricing your product or service wrong can be a disaster. Cost-Basis Pricing. But with cost-basis pricing, you may be leaving money on the table.

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4 Reasons Your Marketing Plan Saves You Money

B2B Marketing Traction

Approaching your marketing in a one-by-one tactical approach is not cost-effective. You may end up asking for something that is not cost effective, not necessary, or not feasible because other critical tasks need to be done with or before it. But, one-time pricing is usually much higher than on-going client work.

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5 Skills Your Marketing Consultant Must Have

B2B Marketing Traction

The cost was what he was used to spending when he was in a corporate marketing role, but it wasn’t in the small business’s budget. Plus, the small business was a CPA firm that was sensitive to pricing because of their profession! An understanding of your company and industry. Marketing is not a cookie cutter operation.

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B2B Marketers – Why You Need to SAVE Your Marketing

B2B Marketing Traction

Value-based pricing has been used for years because B2B marketers realize that their ability to differentiate from the competition drives pricing. Selling on price, for example with a cost-plus pricing approach, is not as profitable. Market the Value of Your Solution. Educate Prospects about Your Solution.

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Positioning is Key Factor for Social Media (and All Marketing) Success

B2B Marketing Traction

But, rather than just competing on price, this brand had done its homework and knew what values and attributes its customers appreciated. For these companies, a decision to buy their product would probably come down to price, unless a buyer could discern a material difference in the product. Be careful here.

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B2B Marketer: How are You Going to Win the War?

B2B Marketing Traction

If your competitors are weak, and you are strong, you could win by attacking them directly with the same products and pricing. If you have a new way of doing things or a new way to cut costs and offer your product or service at a lower price, you could flank your competitors and establish marketshare before they can make similar changes.

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If There’s One Thing Constant About Marketing, It’s Change

B2B Marketing Traction

Buyers can now access virtually all the information they need to make an informed decision on what to buy and at what price. A great example of industry marketers understanding this and completely changing the way they market is the car industry. Search Engine Algorithms Change (Constantly).