High-Ticket Sales: 12 Ways to Sell an Expensive Product
Salespeople who don’t work for the low-cost provider in their arena often struggle with losing deals based on price . Prospects are only human, and no one likes to pay more when they could pay less. That's why pricing in sales is one of the biggest barriers to purchase and a roadblock for many reps. This roadblock is particularly difficult to overcome in the world of high-ticket sales. What Are High-Ticket Sales? A high-ticket sale is the sale of an expensive product or service. Because of price resistance, closing a sale of a high-value but high-cost item often results in a longer sales cycle and requires a great deal of sales skill. While there are certainly steps you can take to win against a low-cost provider, you’ll never come out on top with a poor product. If your product is only marginally better than your competitor’s — but costs significantly more — you’re going to lose deals. It’s just that simple. However, if your product’s price reflects significant points of