Buyer Insight: Hidden Problems, Hidden Value

0:00Hidden Problems, Hidden Value

0:10Hello. Welcome to the Impact Pricing Buyer Insight Series, where we give you quick but powerful tips on how to understand, package, and communicate your value to maximize your profitability. Today, we're going to dive into a blog mark originally published on June 22nd. Let's get started. A friend of Mark's bought a new mattress because her old one was uncomfortable and she wasn't sleeping well. That was the problem she recognized. That was the problem she solved. Three months later, she told him that she had taken no ibuprofen since then. Her chronic back pain, something she had managed for years with medication, was gone.

0:51She didn't buy a mattress to fix her back. She didn't even connect the two until it was already fixed. She had a hidden problem. The mattress solved it. But because she didn't recognize the problem before she bought a mattress, it didn't influence her willingness to pay. And that's the concept. Buyers can't value a solution to a problem they don't recognize. Problems exist on a spectrum. Some buyers see them clearly and are actively searching for solutions. Some feel the symptoms without understanding the cause. and some don't recognize the problem at all. Every category represents a different level of willingness to pay driven by the buyer's awareness of what it solves.

1:36This is why sellers who surface hidden problems before the sale change the entire conversation. The product stays the same. The buyer's understanding of what they're solving changes and willingness to pay increases. It's also why value tables work. A value table forces you to name the specific problems your solution solves across every dimension, not just the obvious ones. When a seller walks a buyer through a value conversations, buyers regularly encounter problems they had been ignoring or hadn't connected to consequences. The problems become visible. The value of solving it becomes real. Hidden value stays hidden because the problem behind it stays hidden.

2:22Recognizing the problem is what turns hidden value into willingness to pay. Mark helps companies turn hidden value into willingness to pay every day. Because find the hidden problem, the value practically takes care of itself. Need help understanding, communicating, and capturing the value of the problems you solve? Reach out. This is what we love to do. Now, go make an impact.