Our Thinking – Strategic Brand Insights – MistryX

Navigating Price Competition by Proving Brand Value

Written by Preetum Mistry | Dec 9, 2024 12:00:00 AM

Summary

Every brand faces a moment when budgets tighten and procurement pushes for the lowest price. It tests pricing resolve and confidence inside the business. Clarity returns when leaders codify proof of brand value—outcomes delivered and risk reduced. From there, price discipline holds, sales lead with evidence, and growth moves with purpose again.



Watch The Video

In this video, Preetum Mistry (CEO & Managing Partner) explains how to stand out with a premium position against price competition from established rivals.


→ Watch more videos in this playlist on YouTube

Our Perspective

What this means for leaders navigating growth, change or transformation in their organisation.

The Real Rivalry

When budgets tighten, price feels like the cleanest lever. Yet the real contest isn’t arithmetic, it’s confidence. Buyers use price as a shortcut for risk: if they can’t see how you deliver outcomes with less uncertainty, they nudge you toward the lowest quote. Leaders then oscillate between “matching the market” and “holding our line,” which creates mixed signals for sales, finance and delivery. The brand suffers because it’s treated as decoration for pricing, not as the proof-system that makes price credible. Confidence must be designed, not asserted.

Compete On Proof

Competing on proof means tying price to outcomes, risk reduction and evidence, not to features or effort alone. It reframes negotiations from “your rate versus theirs” to “your result versus our exposure.” User Testing reports that more than two-thirds of customers would pay roughly 25% extra for brands they prefer, underscoring that perceived value and trust can sustain a premium.

In our experience with growth-stage and mid‑market organisations, the decisive move is to institutionalise proof so it shows up before price does. That early proof equips champions to justify the premium internally, and it shifts procurement from enforcing a ceiling to testing the strength of your case.

Build Proof Assets

Codify the signals that justify your price and make them visible in the buying journey:

  • Three priority outcomes you outperform on, each quantified credibly and linked to a price narrative.
  • Evidence packs showing speed to first impact, de‑risked delivery steps, and total cost effects for similar clients.
  • Clear discount guardrails tied to predefined, published cases only, so finance and sales act as one.
  • Proposal templates that lead with outcomes and risk removal, with price positioned as the logical consequence.

Change What You Track

If you want price discipline to hold, measure the right shifts in the market conversation:

  • Win rate at target price versus reduced price, plus time to close by segment.
  • Primary objections moving from price to fit and change risk, and how those are resolved.
  • Renewal strength and expansion when proof assets are used end‑to‑end.
  • Reasons won or lost coded to proof quality, not just competitor names.

When price becomes the final confirmation of a well‑evidenced outcome, you’re no longer dragged into a race to the bottom; you’re setting the terms of value in a way the market can recognise, defend and, over time, reward.

Sources:

Further Resources

  1. Navigating Brand Risks: Building Sales on Strategic Foundations
  2. Refreshing Brand Equity Without Losing Strategic Value
  3. Brand Value Beyond Revenue: Driving Margin, Velocity, and Resilience


Every organisation hits brand questions it can’t solve alone — if you’d like an outside perspective, we’re here. Let’s talk.

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