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For the past six months, I’ve been trying a new approach to marketing my carpet cleaning business: price-based marketing. In the past, I’ve used ineffective value-based marketing, focusing on educating the prospects and cleaning for the health of the home. Despite the lack of success, I was reluctant (and still am) to using price-based marketing for a few reasons.
1) It puts me in direct competition with most other carpet cleaners.
2) Marketing based on price makes it very easy to compare me to my competition.
3) Someone will always always always undercut my price, no matter how low I go.
4) Advertising low prices tends to attract bad clients.
That said, my very limited test marketing to 100 clients per month over the past six months has generated at least a 500% ROI. One month, I got a 3000% ROI! Despite the obvious disadvantages, it seems to make financial sense.
I’m seriously considering ramping up this approach in all of my marketing now. My question is: how much do I focus on price now? I see a couple ways of going about this?
Currently, I’ve been using the same value-based marketing material with the low, fixed price offer, which has been so effective for me. Surprisingly, it seems that the words have no effect. Since price seemed to have such a strong impact on the response, should I change the wording of the marketing to focus more on price?
People don’t seem to care about the benefits of my service. All they see is “carpet cleaning†and “priceâ€. Instead of focusing on the value of my service and why I can provide more of it than my competition, perhaps I should focus on how much money I can save them. For instance, if they’re selling a home, I could talk more about how cleaning their carpets is much cheaper than replacing it. If they’re living in the home long-term, I could emphasize how much cleaning carpets regularly can double the life of the carpet, so they won’t need to replace it as soon. I could also talk about my money-back guarantee, which very few other carpet cleaners offer.
I’m not sure how much I want to take my business in that direction, due to the heavy competition in that market. However, given the success of my limited test marketing, I think it’s worth a shot. What do you think?
Thanks for the discussion.
1) It puts me in direct competition with most other carpet cleaners.
2) Marketing based on price makes it very easy to compare me to my competition.
3) Someone will always always always undercut my price, no matter how low I go.
4) Advertising low prices tends to attract bad clients.
That said, my very limited test marketing to 100 clients per month over the past six months has generated at least a 500% ROI. One month, I got a 3000% ROI! Despite the obvious disadvantages, it seems to make financial sense.
I’m seriously considering ramping up this approach in all of my marketing now. My question is: how much do I focus on price now? I see a couple ways of going about this?
Currently, I’ve been using the same value-based marketing material with the low, fixed price offer, which has been so effective for me. Surprisingly, it seems that the words have no effect. Since price seemed to have such a strong impact on the response, should I change the wording of the marketing to focus more on price?
People don’t seem to care about the benefits of my service. All they see is “carpet cleaning†and “priceâ€. Instead of focusing on the value of my service and why I can provide more of it than my competition, perhaps I should focus on how much money I can save them. For instance, if they’re selling a home, I could talk more about how cleaning their carpets is much cheaper than replacing it. If they’re living in the home long-term, I could emphasize how much cleaning carpets regularly can double the life of the carpet, so they won’t need to replace it as soon. I could also talk about my money-back guarantee, which very few other carpet cleaners offer.
I’m not sure how much I want to take my business in that direction, due to the heavy competition in that market. However, given the success of my limited test marketing, I think it’s worth a shot. What do you think?
Thanks for the discussion.
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