EmSeta said:
I'm working with a company right now that's going to raise their pricing for all their consumer offers. I'm supposed to handle PR damage control. The textbook way to do this is to insist on the consumers getting more service for their money, but they're not getting it in this case. It's just a higher price tag.
What are some good ideas?
It would seem that if the senior management is sticking you with a stupid business move, then you're not going to have a good couple of months regardless of what you do. I'm not a marketer, but here are some ideas:
1) Be sure that you completely understand the business case. You must be in one hell of a unique situation with respect to your competitors in order to pull this kind of stunt -- do you have a huge marketshare? Are your competitors struggling or offering a clearly inferior product?
2) Try to establish SOME kind of increased value justification in the mind of the customer. The textbook answer is in the textbook for a reason, after all. Obviously you can't lie -- if management decided to jack up prices for no good reason, then this isn't going to work. But if there is anything which might make the extra 40% seem "worth it," call their attention to it. (Given the magnitude of the increase, I'm not holding my breath on this one.)
3) Ghost your competition. If you think about the situation with respect to your previous baseline (used to offer X at price Y; now offering X at price Y+40%), it looks bad. But if you look at it as "rebalancing your value in the segment." it might not be as bad. If you've been better that your competitors for a while at a comparable price, then MAYBE the customers might realize, "Yeah, they ARE worth a premium."
4) Hint at future value. It's bad to promise future upgrades, but if you can suggest (without being specific) that the extra $$$ will result in increased value in the future, people might see it as a down payment of sorts on a new-and-better whatever.
Good luck...hopefully someone with a real marketing background will come in.