Digg it UP
#1 in Business Subscribe Email Print

You are here: Home > Business > Sales > Can You Purchase a Ferrari at a GM Price? Selling a Premium Product on Value Versus Price

Tags

  • client
  • ferraris
  • owners
  • resale value
  • industry seems
  • resale value

  • Links

  • Mississippi Golf
  • Locating The Right E-commerce Provider
  • Job Search Got You Twisting in the Wind?
  • Digg it UP - Can You Purchase a Ferrari at a GM Price? Selling a Premium Product on Value Versus Price

    Change Management - Without the Problems
    Good Relationships -Your Key to SuccessWhen you're given the role of change management Project Manager there are some simple steps you can take to develop a win- win situation for your boss and eveveryone on your team. You begin by putting all the energy you can into relationship development. Make sure you get to know everyone on your team. Do this and team members will have regard for your direction and guidance. Levels of resistance experienced in your change management will be much lower.Helping Your Team to Make the DecisionAssuming you've taken the above advice you're going to also find
    CFs to traditional construction, we cheapen the "brand" by accepting the question as reasonable and thus opening the door to price comparisons.

    Second, immediately begin to start discussing benefits instead of features. Every sales person is familiar with the phrase "sell the sizzle, not the bacon". Apply this bit of wisdom to your sales strategy today. Although a Ferrari may have an awesome sound system, leather seats and a high performance engine (the features), the true appeal is the experience of becoming a member of the elite class of Ferrari owners (the benefit). The features of ICF construction are awesome

    Writing a Press Release: How to Write Quotes
    Ideally, you will have two types of quotes in your press release. A quote from yourself is mandatory. To give your release extra impact, get a quote from a third-party.Quoting yourself may seem unnatural to you at first, but it’s what every reporter expects. Your quote should be about the information in the press release, not about how great you are. As I always say, the key to getting publicity is to build your story around information, not around yourself.A good quote: “This tip is the single best advice for homeowners,” said local attorney Nicole Jones.A bad quote: “I am the best lawyer in t
    Imagine two automotive dealerships side by side. Imagine that one is a GM dealer and the other is a Ferrari dealer. How do you think a potential client would be treated at the Ferrari dealership if he demanded a Ferrari, but only if allowed to purchase the Ferrari at a GM price point?

    Now imagine two homebuilding businesses side by side. Imagine that one is a stick builder and the other is an insulating concrete forms (ICF) home builder. How do you think a potential client would be treated at the ICF home builders business if he demanded an ICF home, but only if allowed to purchase the ICF home at the stick builder's price point?

    First, it is important to understand that both auto dealerships offer automobiles that get a person from point A to point B and that both home builders offer homes that provide adequate shelter from the elements. If this is true, then on the surface, it would seem reasonable to demand that all vehicles and all homes should be similarly priced in a highly competitive marketplace. Strangely, this is not the case and it certainly is not reasonable.

    Now there are at least three reasons that this comparison is not totally fair. First, while Ferraris and ICF homes actually cost more to manufacture than their counterparts, the Ferrari is more expensive to operate and maintain while an ICF home is much less expensive. Second, financial "return on investment" calculations are not performed on automobiles since resale value typically declines 60% within four years of ownership. Conversely, homes typically increase in value over any given time frame. Finally, no one honestly believes that you can purchase a Ferrari at a GM price, while the same can't be said of ICF construction versus traditionally built structures.

    As ICF industry professionals, we know that we have a premium product with value beyond comparison, yet the industry seems both bashful when discussing benefits and apologetic about the value of the product when discussing price. Here are three things you can start doing today to properly "frame" your ICF business and increase your sales immediately.

    First, stop comparing your product to traditional construction technologies. The Ferrari dealer would never allow his product to be compared to a GM product under any circumstances. The essence of ICF technology is superiority in every measurable category and is therefore not comparable to traditional construction technologies. By allowing the comparison of ICFs to traditional construction, we cheapen the "brand" by accepting the question as reasonable and thus opening the door to price comparisons.

    Second, immediately begin to start discussing benefits instead of features. Every sales person is familiar with the phrase "sell the sizzle, not the bacon". Apply this bit of wisdom to your sales strategy today. Although a Ferrari may have an awesome sound system, leather seats and a high performance engine (the features), the true appeal is the experience of becoming a member of the elite class of Ferrari owners (the benefit). The features of ICF construction are awesome

    How to Use Your Business Cards
    Business cards are useful for marketing anything, and can reasonably be held by anyone. Jobseekers, the self employed and even the singleton looking for a date can benefit from carrying business cards to market what they can offer, and give their customers (or potential lovers) a convienient way of exchanging details. Jobseekers, you may have a cv and think you don’t need business cards. Can you carry 10 cvs in your wallet? Is it possible to carry your cv everywhere you go ? Music from a ice cream van lets people know they are open for business. Your business card is your music. The following are proven tips on how
    er's price point?

    First, it is important to understand that both auto dealerships offer automobiles that get a person from point A to point B and that both home builders offer homes that provide adequate shelter from the elements. If this is true, then on the surface, it would seem reasonable to demand that all vehicles and all homes should be similarly priced in a highly competitive marketplace. Strangely, this is not the case and it certainly is not reasonable.

    Now there are at least three reasons that this comparison is not totally fair. First, while Ferraris and ICF homes actually cost more to manufacture than their counterparts, the Ferrari is more expensive to operate and maintain while an ICF home is much less expensive. Second, financial "return on investment" calculations are not performed on automobiles since resale value typically declines 60% within four years of ownership. Conversely, homes typically increase in value over any given time frame. Finally, no one honestly believes that you can purchase a Ferrari at a GM price, while the same can't be said of ICF construction versus traditionally built structures.

    As ICF industry professionals, we know that we have a premium product with value beyond comparison, yet the industry seems both bashful when discussing benefits and apologetic about the value of the product when discussing price. Here are three things you can start doing today to properly "frame" your ICF business and increase your sales immediately.

    First, stop comparing your product to traditional construction technologies. The Ferrari dealer would never allow his product to be compared to a GM product under any circumstances. The essence of ICF technology is superiority in every measurable category and is therefore not comparable to traditional construction technologies. By allowing the comparison of ICFs to traditional construction, we cheapen the "brand" by accepting the question as reasonable and thus opening the door to price comparisons.

    Second, immediately begin to start discussing benefits instead of features. Every sales person is familiar with the phrase "sell the sizzle, not the bacon". Apply this bit of wisdom to your sales strategy today. Although a Ferrari may have an awesome sound system, leather seats and a high performance engine (the features), the true appeal is the experience of becoming a member of the elite class of Ferrari owners (the benefit). The features of ICF construction are awesome

    A Managerial PR System You Will Love
    Please feel free to publish this article and resource box in your ezine, newsletter, offline publication or website. A copy would be appreciated at bobkelly@TNI.net. Word count is 1220 including guidelines and resource box. Robert A. Kelly © 2006.A Managerial PR System You Will LoveIt’s a happy day indeed when business, non-profit, government agency or association managers end their preoccupation with (and reliance upon) the simple mechanics of press releases, broadcast plugs and special events. What they’ve decided is, they no longer wish to be denied the best public relations has
    re than their counterparts, the Ferrari is more expensive to operate and maintain while an ICF home is much less expensive. Second, financial "return on investment" calculations are not performed on automobiles since resale value typically declines 60% within four years of ownership. Conversely, homes typically increase in value over any given time frame. Finally, no one honestly believes that you can purchase a Ferrari at a GM price, while the same can't be said of ICF construction versus traditionally built structures.

    As ICF industry professionals, we know that we have a premium product with value beyond comparison, yet the industry seems both bashful when discussing benefits and apologetic about the value of the product when discussing price. Here are three things you can start doing today to properly "frame" your ICF business and increase your sales immediately.

    First, stop comparing your product to traditional construction technologies. The Ferrari dealer would never allow his product to be compared to a GM product under any circumstances. The essence of ICF technology is superiority in every measurable category and is therefore not comparable to traditional construction technologies. By allowing the comparison of ICFs to traditional construction, we cheapen the "brand" by accepting the question as reasonable and thus opening the door to price comparisons.

    Second, immediately begin to start discussing benefits instead of features. Every sales person is familiar with the phrase "sell the sizzle, not the bacon". Apply this bit of wisdom to your sales strategy today. Although a Ferrari may have an awesome sound system, leather seats and a high performance engine (the features), the true appeal is the experience of becoming a member of the elite class of Ferrari owners (the benefit). The features of ICF construction are awesome

    The Silver Bullet For Success: Revealed
    Looking for the magic formula or the whiz-bang approach that will unlock your business success? Are you willing to pay hundreds for it? How about thousands?  Guess what, you are not alone.   Just as people, for ages, have searched for the fountain of youth, entrepreneurs and small business owners around the world are looking for the silver bullet for success: that one sure-fire way to achieve the success that they want without doing a thing. This demand for this magic "success" pill has grown even more desperate and confusing. This need, especially for entrepreneurs, is understandable; time is limite
    ison, yet the industry seems both bashful when discussing benefits and apologetic about the value of the product when discussing price. Here are three things you can start doing today to properly "frame" your ICF business and increase your sales immediately.

    First, stop comparing your product to traditional construction technologies. The Ferrari dealer would never allow his product to be compared to a GM product under any circumstances. The essence of ICF technology is superiority in every measurable category and is therefore not comparable to traditional construction technologies. By allowing the comparison of ICFs to traditional construction, we cheapen the "brand" by accepting the question as reasonable and thus opening the door to price comparisons.

    Second, immediately begin to start discussing benefits instead of features. Every sales person is familiar with the phrase "sell the sizzle, not the bacon". Apply this bit of wisdom to your sales strategy today. Although a Ferrari may have an awesome sound system, leather seats and a high performance engine (the features), the true appeal is the experience of becoming a member of the elite class of Ferrari owners (the benefit). The features of ICF construction are awesome

    Is It Just Me, or are People Getting Ruder?
    I’ve been wondering this for a while and have been dying to ask my business colleagues and friends. But whenever I’m get ready to pop the question, I manage to convince myself that it’s silly, reveals my cynical nature (or advance years!) and is probably just a figment of my jaded imagination… certainly not worthy of intelligent discussion.The question, however, continued to reside nervously on the tip of my tongue, eager to fly out (particularly just after leaving my apparently mute colleague a fourth voice mail message). But it wasn’t until I read Keith Ferrazzi’s masterful book, “Never Eat Alone” that I s
    CFs to traditional construction, we cheapen the "brand" by accepting the question as reasonable and thus opening the door to price comparisons.

    Second, immediately begin to start discussing benefits instead of features. Every sales person is familiar with the phrase "sell the sizzle, not the bacon". Apply this bit of wisdom to your sales strategy today. Although a Ferrari may have an awesome sound system, leather seats and a high performance engine (the features), the true appeal is the experience of becoming a member of the elite class of Ferrari owners (the benefit). The features of ICF construction are awesome and sound wonderful, but people don't want to be sold a set of features, they like to buy benefits. Begin discussing benefits today instead of features. You will instantly create reasons for your prospects to buy ICFs and buy them from you, instead of the arduous task of selling against other technologies and other ICF industry members.

    Finally, don't be afraid to discuss the premium value of ICF ownership. It is this disconnect between value and price that must be addressed and understood before the ICF industry can assume its rightful place as the technology of choice in the building industry. The best way to discuss anything with your prospects is to ask questions and give them the opportunity to provide an answer. Frame each of your questions in a manner that is consistent with the benefits of ICF technology.

    Several questions you could and should ask include "Do you want a structure that can easily survive natural disasters such as hurricanes, tornadoes, fires and floods?" and "Do you require a structure that is resistant to termites and other insect infestations?" and "Are you interested in saving 70% on your utility bills while simultaneously providing the highest possible indoor air quality for your family?". If a prospect shows no interest in these benefits, then they will likely not be interested in the premium value provided by ICF technology.

    Remember that not everyone can afford a Ferrari and not everyone that can afford one buys one. The real difference between a Ferrari and ICF technology is that no one can afford not to purchase ICF technology. Properly qualifying your prospects and presenting them with the benefits instead of the features will help you grow your business and your profits more quickly while helping ICF technology assume its rightful place in the building industry.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.diggitup.net/article/36554/diggitup-Can-You-Purchase-a-Ferrari-at-a-GM-Price--Selling-a-Premium-Product-on-Value-Versus-Price.html">Can You Purchase a Ferrari at a GM Price? Selling a Premium Product on Value Versus Price</a>

    BB link (for phorums):
    [url=http://www.diggitup.net/article/36554/diggitup-Can-You-Purchase-a-Ferrari-at-a-GM-Price--Selling-a-Premium-Product-on-Value-Versus-Price.html]Can You Purchase a Ferrari at a GM Price? Selling a Premium Product on Value Versus Price[/url]

    Related Articles:

    Simple Steps to Building a Buyer's List - Commercial Real Estate

    CPA Jobs

    Fabric Make Of Filament Yarn Has Larger Tenacity Than Spun Yarns

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com

    ems-cologne.com.pl payday loans for bad credit Język angielski sprzedaz-odziezy24.pruszkow.pl odkurzacze centralne