A thought on pricing…
If you want to sell 50-year architectural shingles with copper valleys, trim and gutters you wouldn’t want to market in your typical 40 x 100 lot neighborhood where they’re programmed to pay $150 to $250 per square.
It would be a waste of your time.
Your market lives in neighborhoods with million-dollar plus homes where home values are much more dependent on aesthetics and curb appeal.
You provide value by solving one or more of these pain points:
- I want my house to look beautiful (aesthetics)
- I am selling and need to add some value to my house (equity)
- Carol just had hers done now mine looks like crap! (jealousy)
- There is an HOA and standards to meet (requirements)
- I want the best of the best no matter the cost! (vanity)
The customer is focused more on the outcome than the cost. A $65,000 or $75,000 roof makes much more sense for these customers. Plus, because you’re not competing on price, the opportunity to price on the value you provide becomes much easier.
In the buying cycle pain motivates action and a solution that removes the pain provides immeasurable value for your client – a value they are willing to pay for.
Knowing your ideal client and your market are incredibly powerful tools.
Need some help figuring out your market? Contact us for a Builders Brand Schematic and we’ll help you create a plan to dominate your market.