Quick Quote also known as price quotes, when requested by a customer represents a chance to do something that is likely to be successful and rewarding. An apt and prompt response from the supplier will not only help close the deal quickly, but in all aspects it helps to win a new business as well. This piece of writing will bring out the essentials of it while also revealing how to make the most of it.
Quick Quote is a call to action
A Quick Quote is a pricing for a product/service and it shall be presented in both written format and conveyed through oral communication, hence giving a clear picture about the cost for the work. It is a call to action and every time when a customer requests for a quote, it simply means that you are just one step away from closing the deal and it also indicates that the person who requested for the quote is seriously considering doing business with you. When a person obtains a quick quote from you, it not only means that he/she wants to do business with you, but more than all of that, it means that your business marketing efforts have paid off and your service has value. However, there are certain things that should be remembered at this point of time, your chances of getting a new business is won or lost at this stage, so it is imperative that you get it right. With the right approach, you will get a better response and have a clear idea as to how to achieve competitive advantage in the strategic business environment by giving a rewarding Quick Quote.
Things to remember
A Quick Quote should be concise, yet accurate and comprehensive. Every single quote you provide should be calculated very carefully. Listed below are some of the things that you should remember when providing your acustomer with quote they ask for and it includes:
1) Understand the requirements fully
2) Check if your prices are up-to-date
3) Include a fair profit margin
Quick Quotes are part of customer communication
To make a customer sign on the dotted line is easier said than done, however, you should take all measures to get it right and for that you need to be professional, precise, courteous and clear. In order to keep them engaged and to help them make a decision, don’t hesitate to be in touch with your customers all the time, however, make sure that you are not being pushy. Leave it to their comfort zone and give them all the information they need.
Having said all that, Quick quotes are often misunderstood with estimates, meaningfully different, both of the terms are related to the price list with a fine line difference. Contrary to what you might think, there is a world of difference between these two terms, read our “an insight into quotes and estimates” article to have a clear understanding about the same.