Bridal Spectacular

“Our price was out of the bride’s budget”: A simple and lame excuse for losing a sale

price is right Our price was out of the brides budget: A simple and lame excuse for losing a saleI hear it from many people, in various companies… like a repetitive drum beat: “Our price was out of their budget.” It’s an easy excuse. It’s what the prospect said. It’s also an incredibly lame justification for losing sale.

Translation: “I know our company provides a superior service, but the bride was too clueless to understand that we’re worth it.”

Let’s start with the word, budget. I’m convince that the vast majority of the time, brides do not have money allotted for most wedding expenses in a truly thoughtful and rationale way. At the risk of sounding dismissive, I don’t accept most budget worksheets in publications, on websites, or elsewhere to provide accurate, helpful cost/price guidelines.

More likely there are one of two reasons that a business didn’t make the sale.

1) The salesperson did not make a convincing case that their company is sufficiently different/better, in a meaningful way, to justify spending (charging) more dollars to hire them.

2) The salesperson’s company does not actually provide a superior service; therefore making that case would be mostly smoke and mirrors.

There is a fine line between confidence, self-delusion, and arrogance. Being better or best is a function of perspective. It’s not an absolute. If you provide, what is in your mind, ‘additional value, but that added service is not important to the prospect, then your higher price is not justifiable.

Or, if you have communicated the additional value as a feature, rather than a benefit, then you likely have missed the sales connection.

Breaking down your sales approach or hiring a service to shop you and your competition may demonstrate some stark realities. It may make you squirm, and motivate you to reframe your sales communication.

That’s a better path than just believing your own B.S..

Andy Ebon
The Wedding Marketing Authority

2011 Marketing Action Plan: First, Finish 2010

red bow 2011 Marketing Action Plan: First, Finish 2010As I work on my second round of 2011 wedding marketing planning, it seems as though a third round will be necessary before it’s complete.

What has become clear is the plethora of loose ends, open loops, unfinished business…. take your pick! Plainly put, before I leap headlong into 2011, it’s important to wrap up 2010 with a big red bow.

The vision of riding a runaway horse comes to mind. It’s important that we run our business, not the other way around. And, in my case, at least, the balance of 2010 requires slowing down, finishing up, planning ahead, and then working the plan.

Mind you, the notion of straddling two years takes a great deal of self-discipline, but it’s absolutely necessary. There is typically an excuse related to the flurry of activity during the holidays. There is also the opportunity of a dead week between Christmas and New Year’s Eve.

Are you with me?

Andy Ebon
The Wedding Marketing Authority