Coaching HAAS Alert

Why you have to check out today’s podcast:  Find out how the HAAS Alert technology prevents road collisions Discover the pricing approach used on direct selling vs indirect selling through channel distribution Learn how customers can save more on paying upfront fees vs annually on a five-year plan   Jeremy Agulnek is the Vice President of Connected Car at HAAS Alert since October 2017.  His start-up company offers real-time collision prevention system on roadways through its HAAS Alert Safety Cloud technology. He brings in years of sales and product management expertise from the various technology companies he joined in the past.  Jeremy earned a BS in Electrical Engineering from the University of Pennsylvania and graduated with Honors from the University of Chicago – Booth School of Business.  Today, Mark dives into his first Impact Pricing recorded coaching session in this special podcast episode with guest, Jeremy.  You’ll get first-hand information as they share a power-packed conversation about Jeremy’s company, HAAS Alert.  Jeremy will tell more on how HAAS Alert operates and generates income, how the three categories of costs affect the economic value of the vehicle, more so, the pricing model of HAAS Alert and know the different approach used on direct selling and indirect selling through channel distribution.  Mark, then again, will give his insightful and expert tips and advice that will surely help your business.  Whether you’re a business owner, a student, or somebody interested in pricing, don’t forget to grab your pen and ensure you take down notes as this is one interview you shouldn’t miss!    “Find the market segment where they get the most value out of what you’re offering.”  – Mark Stiving   Topics Covered:   02:05 – Jeremy talks about his company, HAAS Alert and how it prevents a collision on-road vehicles  03:52 – How real-time and automatic feeding of data into the Waze app adds value to HAAS Alert  05:05 – The two-sided marketplace where the company generates revenues: (1) fleet owners and operators, and (2) car co-manufacturers  08:45 – Three categories of costs on roadside accidents:  Minor collisions – requires repair of the vehicle and out of service time  Medium – major damage happens which might need a vehicle replacement  High – may involve personal injury lawsuits  11:02 – Probability that the three categories will occur to determine the economic value to the buyer  13:42 – Detailing the flexible pricing model of HAAS Alert  15:38 – Mark gives his expert opinion on the pricing model of HAAS Alert  19:20 – Discussion on the effects of direct selling vs indirect selling through channel distribution  22:43 – Challenge on bundling hardware to the subscription price and pay the distribution channel  25:40 – Value-based pricing as a healthy approach to attain business sustainability  27:16 – The churn rate at the end of the term  28:34 – How customers save more on paying upfront fees vs annually on a five-year plan  31:39 – Pros and cons of upfront price and upfront buy-in  34:53 – Mark shared a brief story when he kept on increasing his rate as a speaker, and yet people still agree to pay  36:08 – Mark’s thoughts on price segmentation specifically when asked what to do if customers talk    Key Takeaways:   You find the market segment where they get the most value out of what you’re offering, and that’s where you go penetrate first because those are the people who have the biggest pain and they’re more likely to say yes to us. They’re more likely to pay us higher numbers, and we start to build the business that way.”– Mark Stiving     “We want to capture more of the value that our buyers believe is there, that our buyers perceive. That’s always important.” – Mark Stiving     “In the long run, you’d like your distribution channel to be out of getting that subscription revenue. That’s your revenue, not theirs. You need to pay them enough to sell your product, but you don’t need to pay them forever.” – Mark Stiving    Connect with Jeremy Agulnek: haasalert.com LinkedIn – HAAS Alert LinkedIn Twitter   Connect with Mark Stiving Email: [email protected] LinkedIn Twitter