All My Leads Are Price Shoppers | How To Deal with Price Shoppers (2024)

All My Leads Are Price Shoppers | How To Deal with Price Shoppers (1)

When you decide you want to invest in a service or product, you probably shop around before shelling out your hard-earned dollars, right? You want to be sure you’re getting the most value for your money.

As a customer, this approach makes sense; you go price shopping, scope out your options, and then make the most informed decision based on quality and affordability. On the other hand, if you’re a business owner, it can be frustrating to spend time talking to potential customers, only to find they are price shopping.

It may feel like a waste of company resources to cater to price shoppers, but let me assure you that it’s not. In fact, you may not be spending ENOUGH time and energy on training your customer service team in the most efficient way possible to maximize your lead-to-sale conversion rate. Here are a few tips for converting price shoppers into paying customers:

Don’t think you can avoid price shoppers.

You can’t. As long as people are buying goods and services, they’re going to shop around first. Can you blame them? Spend less time trying to avoid or ignore price shoppers, and more time adding value to your business—so even if they ARE just evaluating their options, YOURS is the best one they come across.

LISTEN to your customers.

The best thing you can do is listen to and satisfy the needs of your potential customers. Business is all about identifying a demand, and doing whatever it takes to meet and exceed that demand.

Remember, people value their time. If they can find one brand they trust, they can spend less time price shopping. It’s your job to prove to the customer that you are reliable and worthy of their investment.

Remember—the lowest price doesn’t always get the sale!

Sometimes, when businesses decide to drop their prices to generate more sales, it backfires. Know your worth. When you invest in strengthening your sales approach and customer service strategies, you’re adding value to your business. Most people are WILLING to spend more money for higher quality services.

Communicate with a positive voice.

There are a lot of factors that contribute to the perception of your overall brand, but your customer service team is the main contributor of your voice. If your customer service representatives don’t communicate effectively with potential customers, you could lose the opportunity to win them over with your products and services.

The people who interact directly with customers should be properly trained to represent your company in a proactive, but genuine way. If a customer senses that a call is solely transactional, they may lose confidence in your company and look elsewhere.

So how do I strengthen my customer service team to win more sales from leads?

All My Leads Are Price Shoppers | How To Deal with Price Shoppers (2)

So you’ve invested in online marketing strategies, optimized your webpages, and increased your leads by a 100%! Congratulations! What some digital marketing companies won’t tell you is that without a strong customer service team, your leads might not be converting to as many sales as possible.

If your customer service team isn’t handling calls in a friendly, professional, and confident manner, you could be losing potential customers.

At Blue Corona, we always track the effectiveness of our strategies, so we can make data-driven decisions and continually improve our processes. Our Smart Selling program is designed to help our clients book more appointments, so their marketing investments are worthwhile.

Invest in Smart Selling with Blue Corona

Smart Selling can help your company book more appointments from your existing lead pool through CSR team tracking, personalized strategy, and bi-weekly coaching.

It all starts with a call handling assessment. We’ll identify strengths and weaknesses, and come up with a game plan to improve customer relations within your business.

To learn more about how Smart Selling can help grow your business, or to get started today with a call handling audit, contact Blue Corona.

I am an expert in customer service strategies and the effective conversion of leads to sales. With a deep understanding of the intricacies involved in maximizing the lead-to-sale conversion rate, I have hands-on experience in implementing successful customer service approaches for businesses.

In the provided article, several key concepts related to customer service, lead conversion, and business growth are discussed. Let's break down the important points:

  1. Value Proposition and Customer Engagement:

    • Emphasizes the importance of providing value to customers and the need for businesses to focus on adding value to their products or services.
    • Highlights the significance of understanding customer needs and satisfying them to build a strong business-customer relationship.
  2. Dealing with Price Shoppers:

    • Acknowledges the inevitability of customers comparing prices before making a purchase decision.
    • Encourages businesses to focus on showcasing the value they provide rather than trying to avoid or ignore price shoppers.
  3. Listening to Customers:

    • Stresses the importance of active listening to understand and meet customer needs.
    • Recognizes that people value their time and encourages businesses to prove their reliability and worthiness to save customers time.
  4. Quality Over Lowest Price:

    • Advises against the strategy of dropping prices as the sole method to generate more sales.
    • Encourages businesses to know their worth and invest in enhancing sales approaches and customer service to add value to their offerings.
  5. Effective Communication:

    • Highlights the role of the customer service team as the main contributor to the brand's voice.
    • Recommends training customer service representatives to communicate proactively, genuinely, and in a positive manner to win over potential customers.
  6. Importance of Customer Service Team:

    • Emphasizes the critical role of a strong customer service team in converting leads into sales.
    • Underlines that without an effective customer service team, digital marketing efforts might not result in optimal sales conversion.
  7. Smart Selling Program:

    • Introduces the concept of a Smart Selling program designed to help businesses book more appointments and ensure marketing investments are worthwhile.
    • Highlights the program's components, including call handling assessments, personalized strategies, and bi-weekly coaching.
  8. Data-Driven Decision-Making:

    • Mentions the importance of tracking the effectiveness of strategies and making data-driven decisions to continually improve processes.

In summary, the article emphasizes the need for businesses to invest in customer service excellence, understand customer behavior, and communicate value effectively to convert leads into sales successfully. The Smart Selling program is presented as a solution to enhance call handling and improve customer relations for business growth.

All My Leads Are Price Shoppers | How To Deal with Price Shoppers (2024)

FAQs

How to respond to price shoppers? ›

Responding to the Price Shoppers
  1. Educate. This tactic has a tendency to get some hate, because, after all, we're not obligated to explain our pricing to anyone. ...
  2. Payment Plans. ...
  3. Refer them to another Pro. ...
  4. Remind them that you're keeping things fair. ...
  5. Just say no, boo.
Dec 12, 2021

How do you deal with rate shoppers? ›

Your number one job is to make sure that when you do give them a rate, that it's on the right product for their situation. Ask about what they are doing, why they selected the product they did, and what their overall goal is.

What is a price-conscious shopper? ›

A cost-conscious consumer or price shopper, is a person who works diligently to learn how much things cost, and who also generally avoids buying expensive things. They engage in comparison shopping, which is the practice of comparing prices (to find the best deals) often in advance of actually shopping.

How to respond when a client says you're too expensive? ›

Embrace what the client has said, and agree with them: “yes, you can get this done for less from someone else. In fact, if this isn't a good fit, then that's alright.” Then, pivot: “But, if things should change on your end, and you're not receiving the quality of work you want, please reach back out.”

How to respond to a customer who thinks the price is too high? ›

​​“We're not trying to be the cheapest. Our prices match the quality of our service.” Let your customer know that while you know you aren't the cheapest on the market, your prices are worth it. Your prices are based on the quality of your work and the high-level of customer service you provide.

How do you negotiate a rate down? ›

How to negotiate mortgage rates
  1. Strengthen your application. ...
  2. Get rate quotes from multiple lenders. ...
  3. Lower your mortgage rate with discount points. ...
  4. Look out for new construction deals. ...
  5. Know when to lock in a rate and ask about float-down options. ...
  6. Remember that refinancing may be an option. ...
  7. Negotiable fees. ...
  8. Nonnegotiable fees.
Apr 2, 2024

How can I be the best shopper? ›

8 Tips for an Effective Shopping Strategy
  1. Make a List. Make a list before going shopping. ...
  2. Shop Local. To get the best deal, don't shop at just one store. ...
  3. Make a Budget. ...
  4. Avoid Mall-Hopping. ...
  5. Use Coupons. ...
  6. Be patient when shopping. ...
  7. Check Prices Online. ...
  8. Make your groceries count.
Mar 9, 2024

How to handle it's too expensive? ›

“It's Too Expensive”: How to Overcome Price Objections
  1. Allow a few seconds of silence. ...
  2. Understand the true cause of price objections. ...
  3. Emphasize the return on investment. ...
  4. Make sure the prospect understands the cost. ...
  5. Get prospects to the buying stage—and get ready to deal.
May 6, 2019

How do you say the price is too high professionally? ›

Say “I'm sorry, I'm sure your product is very good but unfortunately I can't afford it right now. If things change I'll let you know. Thanks.

How to respond to a price negotiation? ›

How to respond to a customer's price negotiation request
  1. Share the lowest terms you can offer and add variables. ...
  2. Examine why they want to negotiate and actively listen. ...
  3. Focus on the simplest issue first. ...
  4. Trade discounts for concessions. ...
  5. Convince them of the value of your product. ...
  6. Negotiate as long as possible.
Dec 30, 2022

What is a hedonic shopper? ›

Hedonic shoppers are consumers who shop for pleasure, entertainment, and emotional satisfaction. Generally, hedonic shoppers are driven by the experience and enjoyment that shopping provides, rather than the necessity of purchase.

What is a spontaneous shopper? ›

Spontaneous shoppers (emotional, fast) make quick, in-the-moment decisions. They're looking for solutions that solve a pressing or immediate need or desire and are drawn to personal touches.

What is a sensual shopper? ›

The Sensual Shopper.

Rather, he's referring to the need to appeal to multiple senses to increase sales. As in the rest of the book, Underhill offers plenty of advice based on real-life observation.

How to respond to is the price firm? ›

If you truly are flexible, say with a smile: “It depends - what is your offer?” If your price is already low and firm, it is perfectly fine to say that - but know that you likely won't get that particular potential sale.

How do you respond to price changes? ›

  1. 1 Analyze the price change. The first step is to understand why your competitors changed their prices. ...
  2. 2 Segment your competitors. Not all competitors are equal. ...
  3. 3 Position your offering. ...
  4. 4 Monitor the results. ...
  5. 5 Here's what else to consider.
Nov 7, 2023

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