Your Perceived Value

By
Education & Training with Ludwig & Associates

Your Perceived Value

“Value is what people are willing to pay it.”

John Naisbitt, American Author, Pubic Speaker  

 

As I see it. . . . . . . .

Your Perceived value

 

Perceived value is the value of an item that someone would be willing to pay for it. That value is based on the person’s . . . . perceived value of the product or service.

 

Consumers will not pay more . . . . then they perceive the value to be.

 

In selling your services you will have a choice to either raise the perceived value of the services . . . . or lower the price of your service. People are willing to pay for goods and services . . . . based on what they perceive the value to be.

 

As a sale’s professional your role . . . . is to create value for your services in the eyes of your potential customers.

 

A customer will never pay more for your services then they perceive the value to be. Low perceived value will lead to objections in moving forward.  Phone calls not being returned . . . . low ball offers on your services leading to challenging negotiations with very little flexibility from the customer. 

 

When the perceived value is low . . . . the professional fees are considered . . . . to be to high.

 

Build value in your products and services . . . . Build your perceived value is in the eyes of the consumers and your customers. When you do they will return as repeat customers . . . .  Become raving fans . . . . and recommend you and your services to others to you.

 

©2016 Lou Ludwig Success Tips, Sales and Management Consultant, Success Coach, Speaker, Trainer and Author

 

Comments (9)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lou, our value is determined by our clients' needs.   Some need us more than others. 

Feb 13, 2016 11:05 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Lou Ludwig,  I always say give the customer what they want and more,  Wow them and they will come beck for more!

Feb 13, 2016 11:12 PM
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Well Lou Ludwig sometimes they will pay more, but then they will be unhappy. You surely won't get any referrals from them.

Bill Roberts

Feb 14, 2016 12:11 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Lou Ludwig this is a winner of a post....and everyone with an active real estate license would be wise to read it....

Feb 14, 2016 12:16 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Show value and I will show you my money Lou Ludwig every time...

Feb 14, 2016 02:44 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Lou Ludwig , of course - another great post. 

And stopping by to wish you and yours a 

Feb 14, 2016 03:31 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

While reading this post, I couldn't help coming up with the analogy that selling ourselves is similar to staging a home for marketing!  

Feb 14, 2016 12:50 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Lou... one thing I always use to say in this regard to agents I trained was that they couldn't afford to be seen as a commodity as opposed to a brand. When people perceive value in a brand name they won't argue fees.

Feb 15, 2016 01:58 AM
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

I try to demostrate value in every transaction Lou Ludwig .   I feel like client and Realtor referrals are proof positive that I have given my customers value

Feb 19, 2016 06:33 AM

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