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Copyright © 2016 Marketwerks, Inc. 1
Bob Sherlock
Copyright © 2016 Marketwerks, Inc.
Demonstrate Your Value
… and Get Paid for It
Copyright © 2016 Marketwerks, Inc. 2
Agenda
1. Squeezed
2. Case: Sommersly Corporation
3. Escaping the Squeeze
4. Your Plan
Copyright © 2016 Marketwerks, Inc.
Ever feel squeezed on prices?
3
"Even though our costs are
going up, we don’t dare raise
our prices."
"We definitely add value for our
customers, but we have no
method for baking that value
into our prices."
"We have excess capacity we'd
like to fill, but not at the prices
we'd have to accept."
Squeezed
Copyright © 2016 Marketwerks, Inc.
What happens to your
business if your services and
products are treated as
commodities?
Consequences of The Squeeze
4
Squeezed
Copyright © 2016 Marketwerks, Inc.
Not easy to fix…
5
What stands in the
way of increasing
your customers’
willingness to buy at
prices more
favorable to you?
Squeezed
Copyright © 2016 Marketwerks, Inc.
If paid what your solutions are worth…
6
… What would
that make
possible for
your company?
For you?
Copyright © 2016 Marketwerks, Inc. 7
Case Discussion: Sommersly Corporation
3 Strategies to Get Out of the Squeeze
1. Unpack
2. Find their biggest value
3. Pick and price
Escaping The Squeeze
Copyright © 2016 Marketwerks, Inc.
1. Unpack the bundle
8
Identify all the services Sommersly provides
Escaping The Squeeze
Copyright © 2016 Marketwerks, Inc.
2. Find their biggest value
9
Escaping The Squeeze
• Identify Sommersly’s distinctive
problem-solving, value-creating
capabilities
• Connect their capabilities to the
outcomes customers and
prospects want
• Estimate how much their
solutions and individual services
can be worth to customers
Copyright © 2016 Marketwerks, Inc.
3. Price a service that’s been free
10
Escaping The Squeeze
 Charge for it… or cite a value and zero-invoice it
Copyright © 2016 Marketwerks, Inc.
3 actions to get out of the squeeze
11
1. Unpack their services bundle
2. Find their biggest value
3. Price a service that’s been free
Summary: Escaping The Squeeze
Copyright © 2016 Marketwerks, Inc. 12
Where is your opportunity?
Escaping The Squeeze
• A service that creates value for customers
• You don’t get paid for it
• Takes significant resources to provide
o One-time
o Over time
Copyright © 2016 Marketwerks, Inc.
• What stands in the way of charging
for, or getting credit for, a service?
• How can you get past the barriers?
Where are the barriers?
13
Escaping The Squeeze
Copyright © 2016 Marketwerks, Inc.
What’s your plan?
14
Escaping The Squeeze
Action Plan (Who, When, Where and How)
Unpack your services bundle
•
•
•
Find your biggest value
•
•
•
Price a service that’s been free
•
•
•
Copyright © 2016 Marketwerks, Inc.
Free article
15
Visit http://www.marketwerks.com/stop-
commoditization to obtain this free article
Copyright © 2016 Marketwerks, Inc.
Could you use a boost?
16
Marketwerks serves executives of manufacturing and B2B services companies
whose sales teams lack a compelling answer to “Why should I buy your
solution from you—especially when you’re more expensive?” or “Lower your
price or I’ll buy from someone else.”
We help our clients get paid what their solutions are really worth—and attract
customers willing to pay more for premium value.
Bob Sherlock
President
Marketwerks, Inc.
1900 E. Golf Rd. – Suite 950
Schaumburg, IL 60173 USA
847-382-6210
rsherlock@marketwerks.com

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Demonstrate Your Value and Get Paid for It - Marketwerks

  • 1. Copyright © 2016 Marketwerks, Inc. 1 Bob Sherlock Copyright © 2016 Marketwerks, Inc. Demonstrate Your Value … and Get Paid for It
  • 2. Copyright © 2016 Marketwerks, Inc. 2 Agenda 1. Squeezed 2. Case: Sommersly Corporation 3. Escaping the Squeeze 4. Your Plan
  • 3. Copyright © 2016 Marketwerks, Inc. Ever feel squeezed on prices? 3 "Even though our costs are going up, we don’t dare raise our prices." "We definitely add value for our customers, but we have no method for baking that value into our prices." "We have excess capacity we'd like to fill, but not at the prices we'd have to accept." Squeezed
  • 4. Copyright © 2016 Marketwerks, Inc. What happens to your business if your services and products are treated as commodities? Consequences of The Squeeze 4 Squeezed
  • 5. Copyright © 2016 Marketwerks, Inc. Not easy to fix… 5 What stands in the way of increasing your customers’ willingness to buy at prices more favorable to you? Squeezed
  • 6. Copyright © 2016 Marketwerks, Inc. If paid what your solutions are worth… 6 … What would that make possible for your company? For you?
  • 7. Copyright © 2016 Marketwerks, Inc. 7 Case Discussion: Sommersly Corporation 3 Strategies to Get Out of the Squeeze 1. Unpack 2. Find their biggest value 3. Pick and price Escaping The Squeeze
  • 8. Copyright © 2016 Marketwerks, Inc. 1. Unpack the bundle 8 Identify all the services Sommersly provides Escaping The Squeeze
  • 9. Copyright © 2016 Marketwerks, Inc. 2. Find their biggest value 9 Escaping The Squeeze • Identify Sommersly’s distinctive problem-solving, value-creating capabilities • Connect their capabilities to the outcomes customers and prospects want • Estimate how much their solutions and individual services can be worth to customers
  • 10. Copyright © 2016 Marketwerks, Inc. 3. Price a service that’s been free 10 Escaping The Squeeze  Charge for it… or cite a value and zero-invoice it
  • 11. Copyright © 2016 Marketwerks, Inc. 3 actions to get out of the squeeze 11 1. Unpack their services bundle 2. Find their biggest value 3. Price a service that’s been free Summary: Escaping The Squeeze
  • 12. Copyright © 2016 Marketwerks, Inc. 12 Where is your opportunity? Escaping The Squeeze • A service that creates value for customers • You don’t get paid for it • Takes significant resources to provide o One-time o Over time
  • 13. Copyright © 2016 Marketwerks, Inc. • What stands in the way of charging for, or getting credit for, a service? • How can you get past the barriers? Where are the barriers? 13 Escaping The Squeeze
  • 14. Copyright © 2016 Marketwerks, Inc. What’s your plan? 14 Escaping The Squeeze Action Plan (Who, When, Where and How) Unpack your services bundle • • • Find your biggest value • • • Price a service that’s been free • • •
  • 15. Copyright © 2016 Marketwerks, Inc. Free article 15 Visit http://www.marketwerks.com/stop- commoditization to obtain this free article
  • 16. Copyright © 2016 Marketwerks, Inc. Could you use a boost? 16 Marketwerks serves executives of manufacturing and B2B services companies whose sales teams lack a compelling answer to “Why should I buy your solution from you—especially when you’re more expensive?” or “Lower your price or I’ll buy from someone else.” We help our clients get paid what their solutions are really worth—and attract customers willing to pay more for premium value. Bob Sherlock President Marketwerks, Inc. 1900 E. Golf Rd. – Suite 950 Schaumburg, IL 60173 USA 847-382-6210 rsherlock@marketwerks.com