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What are the most common objections in B2B sales conversations?

06/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In B2B (business-to-business), the most common objections from potential customers can vary by industry and product or service. However, here are some of the generally most common objections that can arise in B2B sales:

Price: Price is often a big objection, especially if the offering is perceived to be more expensive than expected.

Need: If the potential customer doesn't feel that they really need the product or service, or that it doesn't meet their current needs, they may object.

Time: Sometimes it is just not the right time for the potential customer to accept the offer, possibly due to restructuring, budget issues, or other priorities.

Risk: If the potential customer has concerns about reliability, quality, or customer support, they may object.

Competition: If the potential customer is already working with another vendor or has received quotes from other vendors, they may object to the offer.

Decision making: In many organizations, decisions must be made by multiple people, and it can be difficult to get all the decision makers around the table.

It is important to understand and address the potential customer's objections in order to move the sales process forward. By answering questions and offering solutions, you may be able to address concerns and convince the customer to accept your offer.

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Wondering why Google Ads aren't working for you?

06/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Google Ads usually works well, but there are a few reasons why it might not work for you. First, it could be that you have poor keyword targeting. It's important that you research carefully and choose the right keywords for your market. Poorly designed ads can also cause your campaign to be unsuccessful. You need to make sure that your ads are visually appealing and convey a clear message. If you're not sure how to design your ad, you can consult a professional ad designer. It could also be that your campaign is not up to date, as Google is constantly adding new features. It's important to regularly review and update your campaign to keep it effective and successful.

Typical problems are high click-through prices, low traffic and high total cost of ownership or low conversion rate.

difficult targeting

high competition

A/B testing

Optimization of ad campaigns

Smart campaigns vs. advanced settings

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Maximum effect at the lowest possible cost - How the Media & PR Database 2023 revolutionizes your press work

06/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The PR and software industry is facing fundamental change. While the future of PR monopolists and software dinosaurs is uncertain, smaller, non-established companies and start-ups are expected to gain large market shares in the coming years. We explain why this is so and what implications it will have for the industry below.

First of all, it is important to understand that PR monopolists and software dinosaurs are increasingly prevented from innovating and developing new technologies. This is because they focus their resources on improving existing products and services rather than breaking new ground. As a result, they are unable to adapt to the ever-changing demands and expectations on the industry, making them less and less competitive.

On the other hand, smaller companies and startups are likely to play a bigger role in the market because they have the resources and agility needed to adapt quickly to new trends. This means they are more likely to be able to develop innovative products and services that are one step ahead of the competition.

In addition, customers are becoming more demanding and want more services for less money. This means that PR monopolists and software dinosaurs will have a harder time attracting and retaining customers because they won't be able to offer the same quality and service at an affordable price.

In short, over the next year or two, it is likely that the established PR software vendors will lose customers, while smaller companies and startups will gain a larger market share. This will lead to a fundamental shift in the industry as new technologies and services are developed that offer real value to customers.

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What are objections from prospective buyers of PR databases that keep you from buying?

04/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several objections from potential prospects of PR databases that may prevent them from buying. Here are some examples:

Too expensive: Price is often a deciding factor in the purchase decision. If the price of a PR database is perceived to be too high, it may cause potential customers to refrain from purchasing it.

Lack of relevance: Another objection could be that the PR database does not contain the relevant information that the potential customer needs. If the database does not contain the desired information or the data is outdated, the potential customer may not be willing to purchase it.

User-friendliness: The user-friendliness of the PR database is another important factor. If the database is difficult to navigate or use, this may cause potential customers to refrain from purchasing it.

Publicity.

Privacy: Privacy concerns may also cause potential customers to refrain from purchasing a PR database. If the database is not secure and there is a risk that sensitive information may be compromised, potential customers may be hesitant to purchase it.

Public Relations: Privacy concerns may also make potential customers reluctant to purchase a PR database.

Requires special skills: If using the PR database requires special skills that the potential customer does not have, they may be unwilling to buy it.

Inadequate customer support: if the PR database vendor's customer support is inadequate or does not provide assistance in using the database, this may make potential customers unwilling to purchase it.

It is important to address these objections and convince potential customers that PR databases will meet their needs and provide them with value. Effective marketing can help to overcome these objections and convince potential customers that PR databases are the right choice.

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What are the most common objections from potential prospects of B2B agency services

04/27/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several objections from potential prospects of B2B agency services that might hold them back from buying. Here are some examples:

Cost: Price is often a deciding factor in the purchase decision. If the price of services is perceived to be too high, it can cause potential clients to refrain from purchasing them.

Lack of experience: another objection could be that the B2B agency does not have experience in the industry or in the specific services that the potential client needs. If the potential client has concerns about the agency's ability to meet their specific needs, this may make them unwilling to purchase the services.

Inadequate experience: Another objection could be that the B2B agency lacks experience in the industry or in the specific services the potential client needs.

Inadequate expertise: If the B2B agency does not have the necessary expertise or competence to meet the client's specific requirements, this may result in the potential client being unwilling to purchase the services.

Inadequate time: The agency's ability to meet the client's specific requirements may result in the potential client being unwilling to purchase the services.

Time constraints: Potential clients may have concerns about time constraints, especially if they require rapid implementation of services. If the B2B agency is unable to deliver the services within the desired timeframe, this may make the potential client unwilling to purchase the services.

Time Constraints.

Lack of Confidence: A lack of confidence in the B2B agency's ability to deliver the desired results may result in potential clients being unwilling to purchase the services.

Internal Resources.

Internal resources: potential clients may already have internal resources to perform the services they need. In this case, they may have concerns about the need to hire an external agency.

It is important to consider the internal resources.

It is important to address these objections and convince potential clients that B2B agency services will meet their needs and provide value. Effective marketing can help to overcome these objections and convince potential clients that B2B agency services are the right choice.

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