Client Magnets Official Blog

When you’re marketing your product, you must spend some time establishing your product’s value. Before you explore pricing with your sales prospects, you must convince them that your product is truly valuable for them. They need to feel like they want your product, or no price tag will make them buy. If you do a good enough job of presenting your value proposition, you can charge far more than you think you should charge, because you’re letting your product sell itself; you’re not relying on the price to sell your product.

Establish a Problem
First, you must establish a problem that your potential prospects face. For example, one of my students offered pain solutions for back pain sufferers. In her case, the problem that her clients faced was back pain. Think about what you’re trying to sell, whether it’s a seminar, class, or product, and what problem it addresses. That’s the problem you want to establish in your sales material. By introducing the problem that your product solves, you’re setting yourself up to provide the solution.

Show How Your Product Solves the Problem
Once you’ve established the problem, show your potential prospects how your product solves the problem. For my back pain student, her product reduced and eliminated back pain – chronic back pain that her clients simply couldn’t eliminate. Talk about how your product does what it does, and what your client will gain by utilizing your product. If possible, talk about other solutions to the problem, and why your product does it better.

Add Testimonials to Build Value
If you have them, this is a great point to add testimonials. After explaining how your product solves a problem, let one of your clients show the value of your product by including a testimonial about how they had success with your product. For pain sufferers, a good testimonial might be someone saying something like “I had back pain every day before I used this product, but after only a few days, I’m pain free! No more expensive chiropractor visits, endless pain pills, and living every day in pain!” Adding testimonials helps to build the value of your product and add credibility.

Quantify What People Gain
Don’t assume that people will inherently see the value in your product once they know what it does. You have to tell them why your product is good. Quantify what they gain. For back pain sufferers, they gain an end to back pain. But they’ll also be able to stop spending a lot of money on expensive chiropractor visits, pain pills, specialists and other expensive pain-related products. Spell all of this out to your prospects so they’ll see what they gain in writing; don’t just expect them to figure it out for themselves.

Present a Value Proposition for Every Product
You must present a value proposition for every product you sell. Whether you’re selling e-books, coaching programs, seminars, workshops or physical products, you must always establish a value proposition. If you do it well, your product will sell itself – you won’t have to convince people to buy, because the product will convince them!