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“It’s Too Expensive” Isn’t Really About the Price

“It’s Too Expensive” Isn’t Really About the Price

Watch Here: https://youtu.be/icUx0ixixhc
Listen Here: https://podcasts.apple.com/us/podcast/your-business-bestie/id1896530626

“It’s Too Expensive” Isn’t Really About the Price

There are few phrases that can make a business owner question everything faster than:

“It’s too expensive.”

You hear those three words and immediately start wondering if your prices are wrong. Maybe you need to lower them. Maybe you need to run a sale. Maybe your customers just aren't willing to spend that much anymore.

But before you touch your prices, stop.

Because one of the biggest mistakes you can make is assuming every price objection is actually about money.

Most of the time, “it’s too expensive” is a customer trying to tell you something else. Your job as the business owner is to figure out what that something else actually is.

Sometimes, Yes, It Really Is Too Expensive

Let’s get this part out of the way first.

Sometimes price really is the problem.

If you take a basic boutique top that typically sells within a certain price range and suddenly price it at $120 without anything that makes it substantially different, you’re probably going to have a difficult time selling it.

There’s also the reality that not everyone can afford everything. Someone may genuinely love your product or service and simply not have the money to purchase it right now.

That’s okay.

Not everyone has to be your customer.

Running a business costs money. Products cost money. Supplies cost money. Employees cost money. Your time costs money. You don't need to devalue what you provide simply because one person can't afford it.

The problem starts when we hear one or two price objections and immediately decide our pricing must be wrong.

Before you lower anything, you need to figure out whether price is actually the problem or whether something else is making the price feel too high.

Reason #1: They Don’t Trust You Yet

People spend a LOT of money every single day.

They spend hundreds of dollars online without ever touching the product first. They'll spend $7 on coffee without thinking twice. Amazon delivery trucks are pulling into neighborhoods all day long.

So why does spending $100 with one business feel completely reasonable while spending the same $100 with another feels risky?

Trust changes the way we perceive price.

If someone doesn't trust your business, the purchase automatically feels more expensive because now they're not only thinking about the money. They're thinking about everything that could go wrong after they hand it over.

Is this company legitimate?

Will I actually receive my order?

What if the product doesn't look like the picture?

What happens if there's a problem?

Can I return it?

Will anyone answer me if I need help?

Every unanswered question creates a little more friction.

Give Them Proof That Other People Have Already Said Yes

Reviews and testimonials matter.

If I discover a business online and can't find reviews anywhere, I'm immediately more hesitant to purchase. Consumers have seen too many fake websites and questionable businesses to blindly trust every company they discover online.

Your job is to give them proof.

Show reviews. Share testimonials. Use before-and-after photos when they're relevant. Share customer photos and user-generated content. Let people see that real customers have purchased from you and had a good experience.

Your branding matters here, too.

If your emails look completely different from your website, that can create a tiny moment of doubt. Someone clicks an email and lands on a website that looks like an entirely different company, and suddenly they're wondering if they clicked the wrong link.

Your website, emails, social media, and other customer touchpoints should feel connected.

Clear policies matter for the same reason. Don't make customers dig around trying to understand shipping, returns, or how working with you actually works.

Before you blame the price, ask:

Have I given this person enough proof to trust me with their money?

Reason #2: They Don’t Understand Why It’s Worth That Much

Imagine I show you two pairs of leggings.

One is $20.

The other is $100.

If all I tell you is that they're both leggings, which one are you choosing?

Probably the $20 pair.

If you want me to spend $100, you have to help me understand why that pair is worth five times more.

What makes it different?

Does it last significantly longer?

Does it fit better?

Is the material different?

Does it solve a problem the cheaper pair doesn't?

What am I actually getting for that additional $80?

This is where businesses get stuck because they're often very good at describing the product but not nearly as good at communicating the value.

Stop Selling the Product. Sell the Outcome.

People rarely buy something just because of what it is. They buy because of what it does for them, how it makes them feel, or what changes after they have it.

If you're selling a sweater, don't stop at:

Check out this really pretty sweater.

Show your customer why she'll want it.

This is the sweater you'll reach for all week because it goes with practically everything in your closet.

Then prove it. Show it with denim. Style it with a skirt. Layer it. Dress it up. Dress it down.

The same principle applies to services.

If you're selling email marketing, you could say:

We provide email marketing services.

Okay...but what's in that for the customer?

What if instead you talked about building more predictable revenue without having to rely entirely on Instagram to reach your audience?

Now we're talking about the outcome.

Before you change your price, make sure you've clearly explained why it's different, why it's valuable, and why it's worth paying more for.

Reason #3: You’re Talking to the Wrong Customer

Sometimes there is absolutely nothing wrong with your price.

The wrong people are simply seeing it.

Imagine you're building a luxury boutique but all of your marketing screams bargain shopping.

Every message is focused on getting the lowest price.

You're constantly leading with discounts.

Your branding doesn't match the quality or positioning of the products.

Then you introduce a $300 product and your audience says:

“That's way too expensive.”

Of course they do.

You've been attracting people who prioritize price while trying to sell them something that requires them to prioritize value.

Your messaging has to attract the kind of customer who is actually willing to pay for what you sell.

This is why knowing your ideal customer matters so much.

What does she value?

What does she care about?

What problem is she trying to solve?

What does she prioritize when making a purchase?

What makes something worth spending more on for her?

If you're consistently attracting people who were never going to purchase at your price point, lowering your price isn't necessarily going to fix the real problem.

You may need to fix your messaging.

Reason #4: There’s No Reason to Buy Right Now

Sometimes “it’s too expensive” really means:

“I can wait.”

Your customer may like the product. She may be able to afford it. She may even intend to come back and purchase it eventually.

But there's nothing telling her why she needs to make that decision today.

Then life happens.

She gets distracted.

She closes the browser.

She forgets.

A week later, the product sells out and suddenly she's disappointed because she really did want it.

This is where urgency matters.

And no, urgency does not have to be manipulative or salesy.

Truthful Urgency Helps People Prioritize

If you only have two smalls left, say that.

If a seasonal collection won't be available much longer, tell people.

If holiday shipping has a deadline, communicate it.

If an offer actually ends Friday, remind them that it ends Friday.

If you're selling something with limited availability, let customers know when inventory starts getting low.

You're not forcing anyone to buy something they don't want. You're giving them the information they need to decide whether they want to prioritize the purchase before the opportunity goes away.

Selling isn't manipulating someone into buying something. It's giving them the information they need to make a decision for themselves.

Reason #5: They Don’t See Enough Value

This goes hand in hand with communicating the outcome, but it's worth looking at separately.

If your sweatshirt is $95 and your customer is used to spending $35, don't pretend the price difference doesn't exist.

Address it.

You can essentially say:

Yes, this costs more. Here's why.

Then explain the quality, construction, material, longevity, exclusivity, experience, or whatever else makes your product worth the higher price.

Don't expect the customer to figure it out herself.

If you charge a premium price, you need to communicate premium value.

The same applies to services. If your service costs significantly more than someone else's, your potential client needs to understand what she's getting in exchange for that investment.

What problem are you solving?

How much time could you save her?

What expertise does she gain access to?

What outcome are you helping create?

What experience is different?

Price without context feels expensive.

Price with clearly communicated value can feel completely reasonable.

Reason #6: They’re Afraid of Getting It Wrong

Buying online comes with risk.

What if it doesn't fit?

What if I don't like it?

What if it looks different in person?

What if returning it is a nightmare?

What if this service doesn't work for my business?

What if I spend all this money and regret it?

The more risk someone feels, the more expensive the purchase feels.

So one of the best things you can do is make the decision feel safer.

For a product-based business, that might mean having detailed size charts, fit videos, clear product descriptions, customer reviews, easy-to-understand return policies, FAQs, real customer photos, and someone available to answer sizing questions.

For a service-based business, that could mean clearly explaining the process, expectations, deliverables, timelines, and what happens after someone signs on.

Be transparent.

Answer questions before someone has to ask them.

The easier and safer you make it to say yes, the less attention someone has to put on the risk of spending the money.

Look at the Brands People Gladly Pay More For

Think about premium brands like Apple or Yeti.

Neither built its reputation by being the cheapest option on the shelf.

There are less expensive alternatives.

People know that.

And plenty of customers still gladly pay more.

Why?

Because those brands have created trust. They've built reputations. They've created consistent experiences and emotional connections. Customers know what to expect when they purchase.

And importantly, they've built brands around a specific identity.

Does everyone buy a Yeti?

No.

Some people will buy a cheaper cooler, and that's perfectly fine. They aren't Yeti's ideal customer.

Does everyone choose Apple?

No.

But there are Apple customers who will spend thousands upon thousands of dollars with the brand over their lifetime and barely consider switching.

They're not buying because Apple is inexpensive.

They're buying because they believe the experience is worth paying more for.

That's the difference.

Before You Lower Your Price, Ask These 5 Questions

The next time someone tells you, “It’s too expensive,” don't immediately start editing your prices.

Stop and ask:

1. Have I earned enough trust?
Do I have reviews, testimonials, customer experiences, consistent branding, and proof that make this purchase feel legitimate?

2. Have I clearly communicated the value?
Does my customer understand why this is worth what I'm asking her to pay?

3. Am I talking to the right audience?
Does my messaging attract the person who values what I offer and has the willingness and ability to pay for it?

4. Have I given them a reason to buy right now?
Is there truthful urgency, limited availability, a deadline, seasonality, or another reason not to put the decision off indefinitely?

5. Have I made the decision feel safe?
Have I reduced as much uncertainty and risk as possible?

If you can't confidently answer yes to those five questions, don't touch your price yet.

You may have a pricing problem.

But you may also have a trust problem, messaging problem, value problem, audience problem, urgency problem, or customer experience problem.

And lowering the price won't fix any of those.

Stop Hearing Rejection. Start Hearing Feedback.

When someone says something is too expensive, it's easy to take it personally.

Instead, get curious.

What are they actually telling you?

Maybe they genuinely can't afford it, and that's okay.

But maybe they don't understand the value yet.

Maybe they don't trust you enough.

Maybe they're afraid of making the wrong decision.

Maybe they aren't your ideal customer.

Maybe they simply don't see a reason to act right now.

Listen to the feedback before you react to it.

Because people rarely choose something solely because it's the cheapest option available.

I've personally been presented with two seemingly similar options and intentionally purchased the more expensive one because I perceived it to be more valuable.

That's what we're really talking about:

Perceived value.

Your goal isn't to convince every person that your price is right.

Your goal is to make sure the right person can clearly understand why what you offer is worth paying for.

Your Job Isn’t to Become Less Expensive

There will always be someone cheaper.

If your entire strategy is lowering your price every time someone hesitates, eventually you're going to devalue what you offer and create a business that doesn't have enough margin to grow.

Instead of immediately asking:

How can I make this cheaper?

Ask:

How can I make the value clearer?

Build trust.

Show proof.

Strengthen your messaging.

Talk to the right people.

Explain the outcome.

Create truthful urgency.

Reduce the risk.

Make the buying experience easier.

And give your customer enough information to confidently decide whether what you offer is right for them.

Because the goal isn't to become the cheapest option.

Your job isn't to become less expensive. Your job is to become more valuable.

Ready for Fresh Eyes on Your Marketing?

Sometimes a price objection isn't really a pricing problem. It can be a sign that your marketing isn't clearly communicating the value of what you offer.

At Boutique Bestie Solutions, we help boutique owners and e-commerce brands grow through strategic email marketing, SMS marketing, Pinterest marketing, and proven growth strategies designed to help you reach the right customers and communicate why your brand is worth choosing.

If you're ready for fresh eyes on your marketing, we'd love to help. Reach out to learn more about our free marketing audits and our DIY and done-for-you marketing services.
https://boutiquebestiesolutions.com/pages/lets-be-besties

Before you lower your price, make sure your customer understands your value.

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