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A practical guide for successfully navigating the single greatest growth and profit improvement opportunity for B2B enterprises: price increases
The payoff for implementing price increases without losing customers is massive! Effective price increase campaigns are far more effective at boosting topline revenue and generating profits than acquiring new customers.
The problem is that price increase initiatives—whether broad-based or targeted to specific accounts—strike fear and anxiety into the hearts of sales professionals and account managers who are tasked with selling them to their customers. Approaching customers with price increases sits at the tip top of the pantheon of things salespeople hate to do because they fear that raising prices will reduce sales volume or open the door to competitors.
Yet when sold effectively, customers accept price increases, remain loyal, and often buy even more.
In Selling the Price Increase: The Ultimate B2B Field Guide for Raising Prices Without Losing Customers, celebrated sales trainer Jeb Blount reveals the strategies, tactics, techniques, and frameworks that allow you to successfully master price increase initiatives. From crafting effective price increase messages to protecting hard-won relationships, handling common objections, and making the case for the value you deliver, this comprehensive guide walks you through each step of the price increase sales process.
In each chapter, you’ll find practical exercises designed to help you master the Selling the Price Increase system. As you dive into these powerful insights, and with each new chapter, you'll gain greater and greater confidence in your ability to successfully engage customers in price increase conversations.
You’ll learn:
Following in the footsteps of his blockbuster bestsellers Fanatical Prospecting, Sales EQ, Objections, Inked, and Virtual Selling, Jeb Blount's Selling the Price Increase puts the same strategies employed by his clients—a who's who of the world's most prestigious organizations—right into your hands.
Selling the Price Increase is an essential handbook for sales professionals, account managers, customer success teams, and other revenue generation leaders looking for a page-turning and insightful roadmap to navigating the essential—and nerve-wracking—world of price increases.
JEB BLOUNT is an acclaimed trainer and international bestselling author of fourteen books, including, Virtual Training, Virtual Selling,Fanatical Prospecting, Sales EQ, People Follow You, and Inked. Through his global training organization Sales Gravy, Jeb and his team help companies of all sizes accelerate sales productivity and revenue growth fast.
Foreword by Victor Antonio
Introduction
Part One: Disrupt the Mindset of Fear
Chapter 1 Price Increase Challenges
Chapter 2 The Five Fears
Chapter 3 Awareness and the Origin of Fear
Chapter 4 Developing Emotional Self-Control
Chapter 5 Stop Worrying, Start Preparing
Part Two: Protect Customer Relationships
Chapter 6 Relationships Matter
Chapter 7 Triggering Resentment and Contempt
Chapter 8 Wait, I Don’t Even Know You!
Chapter 9 Price Increases When You Have All the Power
Chapter 10 Make Breaking Up Hard to Do
Part Three: Approaching Price Increase Conversations
Chapter 11 The Three Approaches to Price Increase Conversations
Chapter 12 Defending Price Increases: Between a Rock and a Hard Place
Chapter 13 The Price Increase Sales Process
Chapter 14 The Price Increase Risk Profile
Chapter 15 Planning the Price Increase Conversation
Chapter 16 Set the Stage
Part Four: Making Your Case
Chapter 17 Message Matters
Chapter 18 Influencing Price Increase Acceptance
Chapter 19 The Eight Price Increase Narratives
Chapter 20 The Price Increase Because Statement
Chapter 21 The Formal Price Increase Business Case
Part Five: Closing, Handling Objections, and Negotiating
Chapter 22 Closing
Chapter 23 The Ledge Technique
Chapter 24 Four Techniques for Handling Price Increase Objections
Chapter 25 Negotiating the Price Increase: D.E.A.L. Framework
Chapter 26 Discover
Chapter 27 Explain
Chapter 28 Protect the Points
Chapter 29 Align and Lock
Part Six: Leading and Coaching Price Increase Initiatives
Chapter 30 The Battle Begins
Chapter 31 Leading Price Increase Initiatives
Chapter 32 Managing Price Increases
Chapter 33 Coaching Price Increases
About the Author
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