Sharebird

How do you enable sales reps to sell higher priced packages vs your lower priced offerings?

Our lower priced offerings seem to be the biggest competitors of our enterprise packages.

Answer
6 Answers
  1. Roopal Shah
    Roopal Shah

    Guidewire Software Vice President Product Marketing • 6y

    Value selling is a really tool you can have in your arsenal. I would do a few things here if you're focused on having them shift to higher selling things. (1) Articulate Value - what is the customer getting for paying more? What are the benefits they would gain with this?   (2) Teach them to place competitive traps - what are questions they could be asking their prospects to place some FUD in their minds? I have done things like "below the iceberg" documents for AEs which teach them all the thin ...Read More

    2,416 Views
  2. Ben Rawnsley-Johnson

    Stripe Head of Product Marketing, APAC • 2y

    Driving upsell is all about real value. Be real about your positioning, and test the underlying hypothesis for your up-sell play. Is there value? Are the features locked in enterprise editions meaningful? do they unlock speed/revenue/margin for the customer? If all of these are true, great! Its a problem of articulating and communicating that value. If not, you have some tough conversations with your product and sales teams to identify where you are falling short of customer expectations. Have y ...Read More

    2,592 Views
  3. Katie Gerard
    Katie Gerard

    Workhuman Head of Product Marketing • 4y

    It sounds like you may be cannibalizing yourself with overlapping product offerings. If customers are happy to use your cheaper product, it means the value of your enterprise package isn't crystal clear. I'd go back to the value prop on this one, what does your enterprise package offer the customer that's worth the price? If you feel you have that figured out, then it's just a matter of illustrating that through messaging. Show some super specific examples of enterprise brands that have seen kil ...Read More

    528 Views
  4. Sarah Din
    Sarah Din

    Former SVP of Product Marketing at Quickbase • 3y

    This is a typical issue when you have both a self-serve item and an enterprise item. The most important thing is to have clear differentiation in your packaging and then clearly articulate that differentiation for the sales team so that they understand how to pitch the value of your enterprise package.

    It is also really important that you have a very clear GTM strategy for Enterprise with a very distinct ICP - you should not be targeting the same audience for both packages, to begin with.

    414 Views
  5. Sahil Sethi
    Sahil Sethi

    Freshworks Vice President - Global Product Marketing | Formerly Klaviyo, Qualtrics, Microsoft, MckInsey • 2y

    If your product tiers are naturally cannibalizing each other, then you likely have a product strategy problem , or a pricing & packaging problem. The product strategy should build more differentiation for your enterprise plan, and a good packaging/entitlement structure, or pricing barriers, should create differentiation paths But if you truly don't have those levers at your disposal, I would focus on helping your sales teams understand the difference between the three tiers less in terms of ...Read More

    697 Views
  6. Ajit Ghuman
    Ajit Ghuman

    Twilio Former Director of Product Management - Pricing & Packaging, CXP | Formerly Narvar, Medallia, Helpshift, Feedzai, Reputation.com • 4y

    Your room to maneuver depends on whether you have a fully transparent pricing model reflected on your website or if it is somewhat general on the pricing page so that your reps can customize.  If I were to guess, this is a transparent pricing page on your website. 1. Package Definition: It could be worth considering what would increase package differentiation more so that your prospects have a clear choice in front of them. To do this correctly it is important to try to reduce the overlap betwee ...Read More

    1,076 Views

Related Ask Me Anything Sessions

Top Product Marketing Mentors