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How Manufacturers and System Integrators Can Build Pricing Power in a Commodity Market

This article was originally posted on Manufacturing Industry News and eMagazine.
Summary
In commodity markets, manufacturers and system integrators build pricing power by clearly and succinctly communicating their distinct value; if you can’t explain it on a “cocktail napkin,” it’s too complex—and complexity pushes you into price-driven competition. The emphasis is on simple, outcome-focused messaging that customers grasp instantly.

What’s your “cocktail-napkin” version of your value proposition, and how has it changed your pricing conversations?
Too many manufacturers understate their value … and if you can't communicate your value on the back of a cocktail napkin, you're probably getting too complicated.

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