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.