The Value of “Value”
Value is a word that carries many meanings among many people. According to dictionary.com value is defined as:
“Monetary worth, importance, the worth of something in terms of the amount of other things for which it can be exchanged or in terms of some medium of exchange.”
However, “value” in a marketing sense is expressing the benefit in your offering and you should strive for value to be the number one goal for your business to get across to your potential clients. This quick marketing tip can help you produce amazing results on an ongoing basis.
At ExchangeDefender, we are adamant about the importance of pumping as much value into your products or services as possible. The marketplace is fed up with always seeing the normal or average products and services. Thus, when a product or service comes along that exudes great value; they LOVE it and feel as if they got to HAVE it.
This also goes along with a statement that is important to remember: “There is no business on the earth that will buy a solution for a problem that they don’t have.” Yet, most marketers and businesses jump right into features without taking the time to fully understand if the people that they are trying to market to believe that they even have a problem to begin with. Thus, the marketing challenge at hand turns into a whole new task: “sell the problem”.
This creates an interesting oxymoron. Most people aren’t willing to acknowledge that they even have a problem unless they also believe that there is a solution to the problem. So a huge part of selling a problem is hinting that there’s a solution that others are using. The key part about that is letting them know that the solution they will ultimately need or be looking for is YOU! This is accomplished by marketing the VALUE and benefits of your solution and presenting it in a manner that allows them to see the solutions to the problem at hand.
How to Add Value to Your Offering?
One way you can increase the value of your offering, is to lower your prices or fees associated with your product of service. While this method can be effective, it can also drag you down into a price war. Another reason to stay away from this option is that many people that are attracted solely to low prices, are the most likely to leave and change providers as soon as another company beats your price; and that is exactly what you are trying to stay away from. In my opinion, it’s far better to find ways to pack a ton of value into your product and sell your offering for a great “value for the money” price, rather than to offer an average product and sell it cheap.
How ExchangeDefender Offers YOU Value
At ExchangeDefender we help our partners to offer VALUE in the most simplistic ways. For example:
· All of our products and services are all-inclusive. This packaging structure makes it easy for you to offer your clients services that contain a lot of VALUE to them, but yet you are not being nickel and dimed for every feature. This way you can focus on what is most important to your clients and be able to offer it to them, thus becoming the solution to their problem without the additional cost associated with it.
· There are no minimums with our services, no contracts, no additional fees. Whether you have 1 or 100 users, you can use our solutions. This allows us to cater to businesses of all shapes and sizes to offer them solutions that can help to make them profitable.
· We offer marketing collateral and proven best practices. We believe and know for a fact that you are busy! As are we, so we make marketing collateral available for partners to use for their clients so that they can focus on the business rather that how to sell it. This creates value because it is one less thing that you have to do. Also, we have a wealth of knowledge that has been documented from our partners success with offering ExchangeDefender’s services. These profitability best practices are great ways to get ideas on how to market services to your clients and maintain profitable relationships with them with the help of us here at ExchangeDefender.
· We don’t compete with you. We work with you to make a sale by offering you a solution set that will be of value to your clients and provide support of those services.
· We are available 24x7x365! We have support via the phone and through are ticketing system to be here to support you and make our partnership successful.
There are many more examples of the value that we offer our partners and help them to embrace the cloud.
Ultimately, the marketplace is attracted to VALUE – The bigger the value, the more attracted a customer will become. By making your product offering as valuable as possible, you will never have to rely solely on selling based on price again!
If there is anything that we can help you with, please feel free to let me know!
Stephanie Hasenour
VP Marketing, ExchangeDefender
stephanie@ownwebnow.com
