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What to Say When a Client Says You’re too Expensive
What to Say When a Client Says You’re too Expensive
The “too expensive” objection.
If you’ve been in business for a while, by now you would’ve come across clients or prospects giving you the too expensive objection. Mastering the right mindset and believing in the value you’re offering is so important. Understanding how and why people buy is also vital to knowing what to say to the too expensive objection.
So what do you say in response?
Dealing with this type of rejection is always tough. It can make you question what you are offering. It can make you question your value, your entire business and can even make you consider lowering your prices.
Stop! Don’t change a thing until you’ve read on.
The worst mistake you can make is to try and cater for someone who doesn’t value what you’re offering. They are possibly not the right person for your business so here are some ways to respond to the question, “You’re too expensive.”
Related: Track the Social Media Stat Frenzy
1. Remember: Not everyone is going to value what you have to offer.
Just because a customer says you’re too expensive, doesn’t mean what you have to offer is not valuable. It may just mean it’s not valuable enough to that customer, or not valuable to them right now.
Here’s what you can say:
“What budget did you have in mind to invest in xyz solution?”
“If I could help you with xyz problem, how much were you thinking that would be worth to you?”
2. Remember: You can offer them a reduced solution or added value
Don’t compromise on the value you’re delivering just to please a customer who uses this objection. Stay firm on your price but offer them a reduced solution to match their lower budget or offer an added bonus at the original price if they agree to do business with you.
Here’s what you can say:
“I wouldn’t want to compromise on the quality of what I’m offering so if your budget is $xx then I would love to offer you xyz solution instead. How does that sound?”
“My prices are firm however I would love to work with you. What I’d like to offer you is an additional xyz bonus as a free added extra to thank you for doing business with me.”
3. Remember: Any objection is a positive sign the client has bought into the idea.
People buy emotionally and then justify with logic. This is a very normal part of the buying process. The fact you’re getting a logical objection is actually a really good sign the customer has bought into the idea of your solution. This knowledge gives you the ability to continue to work with the customer on their needs and help them see you can solve their problem. Focus on the importance of them finding a solution right now.
Here’s what you can say:
“I know finding xyz solution is really important to you. Can you tell me more about why it’s so important you find a solution to xyz problem today?
“I understand it’s important for you to find the right solution right now. How would it feel if I could help you find a solution to xyz problem today?”
4. Remember: They may not be your ideal customer and that’s ok"
