Over the weekend I was looking at a piece of software I was considering. I’d seen a few reviews and watched some videos. I liked what I saw but the developers didn’t provide a lot of information and I wasn’t sure I wanted to spend the money.
Do I really need this? How much would I use it? Is it as good as it looks? What if I get it and find something better?
They offer a money back guarantee and I was leaning towards buying but decided to sleep on it. See if I could find more reviews, maybe write to the developer and ask some questions.
Today, I went to the website from another computer. Lo and friggin behold, the software was available for one-third of the price I saw last night.
Not one-third off. One-third of the original price.
I saw nothing about a “sale” or promotion. Were they price-testing? Did I somehow load an old page?
Who cares. I bought the sucker.
It really wasn’t that expensive at the original price. But at one-third the price, it was a no-brainer. Take my money.
Two lessons for you my young Padawan.
First, don’t scrimp on the info. Make sure your website and other marketing materials show prospective clients as much information as possible. Make sure you have lots of reviews and testimonials. Answer every question a prospective client might ask about you and your services. Do your best not to give them any reason to “sleep on it” because they might not come back.
Second, don’t lower your “prices” but do offer lower-priced alternatives. If a prospect sees your full-priced package but isn’t sure they want to go ahead, your lower-priced package could be just the thing to get them to take the plunge. Get the client, even at a lower fee. You can sell them on buying additional services later.
When it comes to pricing and the perception of value, context counts. A $3,000 fee may seem expensive when that’s all the client sees, but a bargain when they are first presented with your $9,500 package.
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