Your Intended Message - George Torok

Your Intended Message - George Torok

Learn how to boost sales by connecting emotionally, pricing confidently, and avoiding common pitfalls in service-based sales conversations.

In today's competitive marketplace, understanding your target audience, refining your message, and delivering that message in a way that resonates emotionally are key to success. During a fascinating discussion between Robin Waite and George Torok, they explored how service-based businesses can effectively engage prospects and overcome the common challenges in sales conversations. In this article, we’ll delve into the essential takeaways from this conversation to help you improve your sales strategies.

George Torok is the insightful host of the Your Intended Message podcast, a weekly show dedicated to the art and science of effective business communication. With over 19 years of experience as the host of the acclaimed radio show Business in Motion, where he interviewed influential business and community leaders, George brings a wealth of expertise and a deep curiosity to every episode.

What We Discussed on the Your Intended Message Podcast

  1. Understand the five stages of market sophistication: These stages help you identify where your prospect is in their journey and tailor your message accordingly.
  2. Focus on the prospect's needs: Sales conversations should always revolve around the client, not the business owner.
  3. Trigger emotional responses: An emotional connection is crucial to closing the sale.
  4. Price confidently and avoid over-explaining: The simpler and more confident your price statement, the better.
    Celebrate the customer's decision: Acknowledge the emotional significance of their purchase to enhance the connection.
  5. Gradually increase your price: Start lower and adjust upwards until you find the right point of discomfort.
  6. Recognise the importance of a common enemy: Identifying a common enemy can help connect you with your audience and build trust.

Understanding the Five Stages of Market Sophistication

Robin Waite explains the five stages of market sophistication that every business must navigate when selling their product or service. These stages help businesses tailor their marketing approach and communication to meet the evolving needs of their customers.

Stage 1: Awareness of the Problem

In this stage, prospects are not yet aware that they have a problem. Your job as a business owner is to raise awareness and educate them about the issue.

Stage 2: Awareness of the Solution

Once the problem is identified, prospects begin searching for solutions. This is where you need to position your product or service as the answer to their pain points.

Stage 3: Awareness of the Product

At this point, prospects know about your product, and the conversation shifts to how your solution can meet their needs more effectively than alternatives.

Stage 4: Awareness of the Best Solution

This is when prospects understand that your product or service is the best fit for solving their problem. They are evaluating your offer more closely.

Stage 5: Product and Price Awareness

The final stage involves discussing the details of the offer—what it costs and how it works. However, Robin stresses that too many business owners rush this stage due to financial pressure, neglecting the prospect's needs and desires.

Common Mistakes in Sales Conversations

Focusing on Your Needs, Not the Customer’s

A major mistake many business owners make is making the sale about themselves—rushing to close deals without focusing on the client's needs. As Robin highlights, every stage of market sophistication should be about the client, not the business owner. Social media, in particular, has become a space where businesses shout "Look at me!" without addressing the pain points their customers are experiencing.

Failing to Address Pain Points Effectively

When addressing pain points, many businesses fail to dig deep enough. A simple list of 99 problems might feel overwhelming, but Robin suggests using this as an exercise to gain a deeper understanding of your clients' struggles. By narrowing down to two or three key issues, you can craft your messaging to connect emotionally with your audience.

  • Identify the top challenges your clients face.
  • Use these pain points in your content to connect with prospects.
  • Create messaging that addresses these problems head-on.

The Importance of Emotional Response in Sales

As Robin explains, an emotional connection is essential in driving sales. Prospects need to feel a visceral, emotional response when engaging with your offer. Sales conversations that trigger excitement, anxiety, or anticipation are more likely to close successfully.

  • Create excitement around the prospect’s potential transformation.
  • Be mindful of your delivery—confidence can sway a decision.
  • Understand the emotions tied to buying decisions, from anxiety to excitement.

Pricing Strategies and Overcoming Common Pricing Pitfalls

One of the most significant challenges that service providers face is determining their pricing. Robin provides practical advice for overcoming the mental blocks that often prevent business owners from charging what they’re truly worth.

Do You Believe in Your Pricing?

Robin suggests that before discussing price with a prospect, business owners must first ask themselves: Do I believe this is the right price for what I offer? If there’s any doubt in your mind, it’s likely to show during the sales conversation.

  • Trust your value.
  • Identify if your pricing reflects your true worth.
  • Don’t undervalue your service to the point where it feels uncomfortable.

Understanding the Pricing Bandwidth

Robin uses the concept of a "pricing bandwidth" to explain how pricing doesn’t have to be binary (too cheap or too expensive). It exists within a spectrum, and finding the right point requires balancing your product’s value and your business’s needs.

  • Price can range from low to high—find your sweet spot.
  • Gradually increase your price until it feels uncomfortable—this is often the sweet spot.
  • Don’t be afraid to go beyond your comfort zone for growth.

The Power of the Confident, Simple Price Statement

When asked about how to answer the "how much does it cost?" question, Robin’s advice is clear: state the price confidently and then remain silent. This allows your prospect time to process the offer and respond.

  • Say the price confidently, e.g., "It’s £5,000."
  • Don’t justify it with long explanations or unnecessary details.
  • Let your prospect digest the information and come to their own conclusions.

The Value of Celebrating with the Customer

A common mistake in sales is making the experience about you, the seller, rather than about the prospect’s transformation. Robin encourages service providers to celebrate with the customer when they make a purchase decision. After all, buying is an emotional experience, and when you join in that excitement, you reinforce the value of your offer.

  • Celebrate the customer's decision.
  • Acknowledge the significance of the purchase—whether it’s a watch or a coaching programme.
  • Make the sale an emotional journey that benefits both parties.

Special Offer: Take Your Shot

Robin Waite offers a special treat for listeners and readers: signed copies of his book, Take Your Shot, are available. Whether you're looking for practical tips or motivational advice, this easy-to-read book is a valuable resource for business owners looking to refine their sales strategies.

Final Thoughts on Raising Your Prices

If you're a service provider struggling with pricing, Robin’s advice is invaluable. His three key tips to raising your prices are:

  1. Trust yourself – Ensure you believe in the value you're offering and in the price you're charging.
  2. Understand pricing bandwidth – Don’t limit yourself to one price point. Experiment with pricing within a range.
  3. Incrementally increase your price – Start at a lower price and gradually increase it until you find the sweet spot.

The most important aspect of sales conversations, as Robin emphasizes, is focusing on the emotional experience. Once you master this, along with clear and confident pricing, your sales efforts will become more effective and sustainable.

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