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RFQ vs. RFP: What’s the Difference?

Hubspot

Have you ever shopped for something online, compared prices, and read reviews until you knew you were making the right decision? In the business world, the process includes having vendors or companies submit RFPs (request for proposal) or RFQs (request for quote) so you can compare their products and services.

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20 questions to ask marketing automation vendors during a demo

Martech

But since these systems often come with hefty price tags, it’s important to cover all of your bases when navigating the purchase or upgrade process. To start, set up demos with your shortlist of vendors within a relatively short timeframe after receiving the RFP responses to help make relevant comparisons.

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Real Story on MarTech: Most important vendor selection tips

Martech

Vendors love to talk about what their technology can do and will readily discuss case studies. The biggest-name vendors often have the most technical debt. Some of the most prominent martech vendors today have been around for some time, and their systems — including those they acquired — are getting long in the tooth.

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8 questions to ask marketing work management vendors during the demo

Martech

Once you have determined that marketing work management software makes sense for your business and have spent time researching individual vendors, it’s time to schedule demos with your selected vendors. Whether the vendor seems to understand your business and your needs. If they are showing you your “must-have” features.

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3 recession-defeating marketing strategies

Martech

Consider this: 17% of companies are planning RFPs this year, according to the 2023 State of the ESP RFP. Rethink that RFP Before you replace or add technology, ask yourself whether you maxed out your current functionality. Or the vendor didn’t offer training. Review your price structure on promotions.

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50 Common Sales Objections and How to Handle them Effectively

Lead Forensics

Objections: Price & Budget 1. Offer tiered pricing options or highlight hidden costs associated with their current solution. ” Response: Emphasize value beyond price. See if there’s an opportunity to become a preferred vendor or highlight how your product complements other solutions they might be considering.

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Marketing ops shouldn’t perform procurement

Martech

Regarding the fear of slowing things down, remember that RFI or RFP processes aren’t always warranted. Buyers are aware that sometimes their colleagues have a good feel for a vendor sector, and that means a thorough research process isn’t needed. If the primary users are involved, the vendor may get frustrated with them.