Determining worth.
Consumers buy
something based on what it is worth, not
what it costs.
The difference is
the difference between price and value.
Price is not
determined by value it is determined by the intersection between supply and
demand.
Value reflects the
demand of an item.
In economics, this
is what the bell curve of supply and demand tells us.
Probable value.
Individuals are
motivated by value.
Think of the saying:
one mans trash is another mans treasure.
Value is also a
reflection of perception, in the eye of the beholder.
It is incorrect to
think the job of selling something is to justify price.
A conversation about
price is ridged.
A story about price
usually ends with: It is what it is for
anyone who comes along.
It is better to have
a conversation about value.
Value is what
something is worth to an individual with that specific desire or need.
Conversations about value build bargaining power.
Conversations about value build bargaining power.
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