Showing posts with label website. Show all posts
Showing posts with label website. Show all posts

Should You Provide Pricing Information on a B2B Website?

Providing specific pricing details is de rigueur for B2C eCommerce websites. Most B2B websites don’t provide details because pricing is usually complex based on many variables, combinations, configurations, and other factors specific to each buyer’s circumstances. Competitive exposure is another claimed reason for not publishing prices, but B2B companies already know competitors’ prices from other sources. Pricing is something that prospective buyers always want to know.

The problem is that website visitors and prospective buyers want to know whether a product/service/solution is within their budget range before they consider further exploration. Many B2B companies provide some guidance by indicating applicability by type of business, industry or company size – e.g. solutions for small business, mid-size companies or large enterprises. That’s a good approach, but website visitors still have no real understanding of the price range. There is anecdotal evidence that website visitors will leave to explore alternatives if they can’t get at least some basic understanding of prices.

The question of whether to provide pricing on B2B websites depends on the specific circumstances of a company/product/service/solution and common practices in the market(s) served. It’s also not a binary question. The question is really whether there are ways that B2B websites could provide some pricing information to satisfy the immediate needs for website visitors so that they continue to consider that company/product/service/solution and possibly initiate some follow-up response.

Many B2B websites want their website visitors to initiate contact to get additional information such as pricing, but the majority of website visitors are reticent to do that because they’re not ready to deal with a salesperson yet, nor do they want their contact information in another marketing database. In most cases, B2B website visitors are not looking for precise prices, just a general indication of price ranges relative to their needs.

What should you do?

  • Although providing pricing information on a B2B website may not be an absolute necessity, there are good reasons to investigate whether you should do it and in what manner.
  • If you can provide pricing in a relatively straightforward manner, consider doing it. This is obviously a decision that goes beyond marketing into the entire organization.
  • Don’t publish a complex pricing formula, matrix or calculator. Providing a complicated pricing algorithm might be worse than not providing any pricing.
  • If appropriate, provide a simple calculator for estimating general price ranges.
  • Providing sample prices for typical situations or configurations may be adequate. The key is to provide sufficient samples for website visitors to find one that resembles their requirements and business.
  • Provide an easy mechanism for users to submit basic parameters to request a price estimate which you can turn-around in 24 hours. But don’t ask for a long list of intrusive contact information details to discourage use of the request service.
  • Have a sales support hotline link on the website for providing real-time information based on getting the necessary qualification data.
If you do make any changes for providing pricing information on your B2B website, track response rates before and after to determine the impact of pricing availability.

How to do you handle providing pricing on your B2B website? Have you made any changes and seen any beneficial results? Your comments are always welcome.
Copyright © 2009 The Marketing Mélange and Ingistics LLC.