Competing on price is the biggest slip-up you can make. Here's why.
Competing on price is a common—and costly—strategy frequently used by veterinarians to either attract new clients or retain existing ones. The truth is most clients only consider price the ultimate deciding factor when everything else is perceived to be equal—which is almost never. There's almost always something that gives one practice an edge over others. So the real competitive advantage belongs to the practice with the highest perception of value, not the one with the lowest fees.
The client's perception of value is based on the total experience, which includes not just the quality of care but also less tangible factors, such as helpfulness, friendliness, and the personal touch. These values let practices retain a competitive edge, even if they charge slightly higher fees.
To expand clients' perception of value at your practice, schedule a staff meeting and consider these topics:
Discussing these questions should be a lively, interactive, team-building exercise, and these questions raise team members' awareness of behaviors—positive and negative—that impact people's satisfaction with the services they receive. As a result, you'll enhance client satisfaction, give your practice a competitive edge, and reduce price comparisons.
Bob Levoy
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