
Photo credit: http://walmartstores.com/
When you think of value, what comes to mind? Generally a good deal, something worthwhile to you. Seldom do we look at value as something “we” bring to the table.
In public relations, attempting to gain publicity for ourselves, business or product and in marketing those same things it is vitally important they we be the ones offering the value.
Most I’m sure are well failure with W.I.F.M. the most famous station call letters in history. If not WIFM actually stands for, “What’s In It For Me?” and this is the question every media outlet and every customer and client asks when they hear or see your “pitch”. If they can’t see the value of your offer, then your simply dead in the water every time.
I’ve seen it hundreds of times, where someone with lessor quality gets the media attention or the sale, and in most cases both, because they offered a better value then the other person. And, that value is not always price related, so I’m not suggesting that the person with the lowest price “wins” every time. If that were true then nobody would shop any place other then the dollar stores and WalMart.
Value can come in many different forms. Perhaps in attempting to get media attention for instance, your story presents more mass appeal to the medias customers then another story. The same is true however that if you are all set to have a story run and your states Governor suddenly gets indited, chances are no matter how much possible value you have in your story, the Governor’s story has more. That doesn’t mean your story will get bumped altogether, it may get moved or delayed… or yes it’s possible it will get buried and never see the light of day.
In the case of selling you, your product or service the same my hold true. If for instance a customer or client is all set to buy and they suddenly find out they have to replace a major item, no matter how much value you have offered you generally will lose to what is most pressing at the time.
This all sounds rather un-motivating but, I think it’s important to know why things fall through sometimes. There is an answer however. The answer is to keep your pipeline full, never let it empty, never put all your eggs in one basket, some would say. When the deal falls through, or is delayed for whatever reason you should always have enough other resources that it doesn’t sting for as long, or at all.
I know I have been guilty many times and I’m sure you have been in the same place, where your depending on that one “deal” and something happens. It can really knock you for a loop, unless you have plenty of other resources already in your pipeline, when you do, you simply say “next” and give it little thought.
So offer the best value you can (price dropping is not offering value, it’s the act of a desperate sales person) but more importantly have plenty of leads already in place.
Give me your feed back on this and what you would like to disscuss hear… it’s important to our continued growth, I really need to know where you are coming from, so I can offer YOU the best VALUE for your time spent here.