Jun 29, 2021 9:21 AM - edited Aug 12, 2021 11:14 AM
It’s a tough question - often there are many in the business who don’t want to publish pricing and sometimes there are good reasons not to, how do you choose if you should share your pricing online? And if you do, how do you display it on your website to generate the most leads / sales?
*To learn more about this, check out The Power of Content in Sales lesson via HubSpot Academy.
4 weeks ago
We do present SOME pricing on our websites. Our firm is a full-service digital marketing and sales agency that primarily works with manufacturing and B2B tech firms. Like many agencies, our business model is predicated on an outsourced MRR-based service model and as such, it makes sense to provide investment visibility to our prospective clients. It helps us to position ourselves and is a key part of our sales messaging, i.e. we don't want to attract poor quality leads (contacts or businesses that are not a good fit for our proposition, and that are not willing or able to make the monthly investment required to get the best from working with us). As the guy leading our new business development efforts I don't want me or my team to spend time chasing down poor fit leads when I can spend my time helping firms that are a good fit.
Oct 3, 2022 4:53 PM
I haven't and i've looked at competitor's sites and they don't either with the exception of one and they were out of state. After seeing this and reading about the reasons as to WHY, it might be beneficial to at least put the entry level costs to help customers get an idea as to what to expect.
Aug 30, 2022 7:00 PM
So let me drop an argument which I would love to get a response to.
I believe the choice to show pricing depends on the complexity of your product.
There are some software products that require multiple integrations and development work to fully benefit from the services they promise on their web page because of the custom nature of most environments. In this case, the pricing will depend on the various parts of the bouquet the customer picks. Some of these elements could be number of users, amount of data flowing through the platform, number of integrations, complexity of integrations, level of support required after service.
Is it really possible to accomodate all these scenarios and show pricing on your webpage?
Another example luxury products. If we consider the "jobs to be done" rationale, some jobs of luxury products is to display wealth and class. A major part of this is built on price discrimination and hidden prices for very custom arrangements. A public display of pricing might diminish the luxury value of the product.
Except for these scenarios, I see no reason why you should not show pricing for product posts.
Aug 25, 2022 11:09 AM
I think the compnay I'm with misses the boat here. As a tech solutions provider, I understand the customization and cost associated with it, I think everyone does in 2022. But to not price out your specific maybe entry level products, or to productize the most realistic examples or common amounts seems crazy to NOT be competitive this day and age as well as in the space we are in with the competition.
Aug 12, 2022 12:15 AM
We want to answer as many of our prospects' questions as possible before they get to sales, and that made us display our pricing online. We have fixed pricing for some defined packages/solutions, and we also currently have an option that lets them request a custom quote.
Did my post help answer your query? Help the community by marking it as a solution.
Jul 28, 2022 4:31 AM
Hi @JonPayne Great question! I think that whether it is a B2C or a B2B business, prospects should be able to find relevant information about your solutions, like pricing.
In B2B, sometimes the solution might be complex, and that's why the pricing will depend on the client's specific needs. In this case, it would be good to give your website visitors some context ( for A/B/C, expect a budget starting from X/Y/Z).
Showing an approximate budget will help your client have a clearer view of what to expect and ultimately will help sales teams get more qualified leads since the budget can be one of the buying decision criteria.
Curious to know what do you think?
Aug 11, 2022 11:40 PM
This is fantastic! I was actually thinking of one-way pricing before, but I liked your idea of "expecting a budget from" for complex and indefinite solutions.
Did my post help answer your query? Help the community by marking it as a solution.
Aug 11, 2022 4:37 AM
PRESENTING PRICING ON UR WEB IS FENDAMENTAL FOPR YOUR TRANSPERANCY
Jul 17, 2022 5:23 PM
Very interesting question. I think there is a lot of fear around presenting your pricing to be viewable for all to see. Scaring away customers with the price (but if that's a true concern you're either trying to charge too much, or need to revamp your ICP) However, if you're website is laid out and presents itself in a way that address the challenges of your ICP's and buyer persona's, then it could be extremely valuable. Now you're challenging your competitors to prove that they also do what you do, better or more efficiently.
Jul 15, 2022 5:00 AM
Very difficult question. In some instances for sure, but how many should you do? I have learned over a lot years with marketing experience, that pricing (fixed) is somewhat negative, due to you can loose both leads and clients right there. But as written, it can also generate good leads that are after excactly that pricing structure. But if I need to answer yes / no, the answer will be no.
Apr 8, 2022 2:12 PM
It depends. I believe this answer varies according to the business model, right?
Mar 16, 2022 7:22 AM
It all depends on the market, your target audience and the level of research done before arriving at your pricing structure. The data from the research helps you know how sensitive the market could be and how to tailor to meet its preferences.
Feb 22, 2022 11:44 AM
I think it depends on your business, it seems sensible if its a simply product and B2C but as a complex product and B2B we prefer to have conversation with the customer first.
Feb 15, 2022 1:21 AM
I just do not think its a good idea, then the price conscious customer will depart
Feb 15, 2022 5:43 AM
You're right @NMALIKO - although isn't getting a prospect who doesn't have the money to pay the price you charge a good thing in some circumstances? 🤔 I think it is, for many of my clients at least. Interested to hear your thoughts.
Jan 9, 2022 3:59 PM - edited Jan 10, 2022 6:39 AM
I think the format of your business potentially determine that:
So if the format is a SAAS based company, then yes prices need to be on the website. Especially if the target audience is B2C.
Generally anything outside of that where it is B2C or B2B pricing is not necessary to be displayed.
Whats more important is how the business will sove their customers problem through the process of educating and learning.
Dec 24, 2021 6:51 AM
Surely if its a straight forward offering amd doesn't involve too many variables...Pricing or some level of ballpark estimate (incase of many variables) gives a great chance to capture the lead and captialize. Trick is to find a smart way to keep some room for additions if they arise.
Pricing has to be looked as a tool that builds transperency and confidence, which are the pillars to long term engagement and brand reputation.
Nov 15, 2021 2:43 PM
From an IT services company perspective, displaying a quote on the website probably is going to be bizzare and a massive failure because of the complexity of the solutions and their relevance to the customers.
Nov 19, 2021 10:53 AM
Horses for courses, I guess - but one of our clients (who provides IT support) does this in an interesting way to get lots of traffic to their website which they nurture through to prospects using HubSpot..l
Sep 6, 2021 10:33 AM
If you have quality service and you want long-term relations with partners you should have transparent pricing. So prospects could trust you before jumping on a sales call.