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Exactly What to Say When You Hear: “You’re Too Expensive.”

⏱️ 7:36 🎤 Tom Reber
AUDIO EPISODE
Exactly What to Say When You Hear: “You’re Too Expensive.”
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Chapters

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  • 0:00
    The Common Objection
    The host introduces the common scenario where contractors hear "You're too expensive" and how many react defensively.
  • 0:46
    Ask Why They Say That
    The key is to respond with curiosity: "What makes you say that?" to uncover the real underlying issue instead of panicking.
  • 2:08
    Identify the Real Issue
    Different responses like comparison, budget, expectation, or decision-maker issues reveal the true nature of the objection.
  • 2:49
    Expose True Intentions
    Asking, "If our prices were the same, which company would you hire?" immediately reveals if the problem is value or budget.
  • 3:56
    What Not to Say
    Avoid common defensive statements and never discount your price before understanding the true objection, as this undermines your value.
  • 4:46
    Prevention is Key
    Price objections often stem from earlier failures in the sales process, such as not pre-qualifying or differentiating your service.
  • 5:31
    Be a Sales Professional
    Contractors should act as sales professionals, using curiosity and empathy to diagnose problems rather than just providing quotes.

Speakers

T
Tom Reber
Host

Key Takeaways

When faced with "You're too expensive," respond with curiosity by asking, "What makes you say that?" to uncover the real objection.

Do not immediately defend your price, explain your value, or offer discounts, as this often leads to negotiating against yourself.

Identify if the real issue is a comparison problem, a budget constraint, an expectation mismatch, or a decision-maker disagreement.

Ask, "If our prices were exactly the same, which company would you hire?" to reveal whether the prospect values your service or is purely budget-driven.

Avoid generic defenses like "we use better materials" or "we're licensed and insured" as these are not differentiators and sound like excuses.

Price objections are often symptoms of earlier failures in the sales process; focus on thorough pre-qualification, setting expectations, and distinguishing your value.

Approach sales conversations with a diagnostic mindset, like a doctor, to understand the root cause of the objection before attempting to "prescribe" a solution.

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