This document outlines the key steps and techniques in the sales process, including need identification, presentation, dealing with objections, negotiation, and closing the sale. It discusses how salespeople can distinguish customer needs, apply different questioning strategies, and understand demonstrations, negotiations and objections handling. The 7 phases of the selling process are identified as opening, need identification, presentation, objections, negotiation, closing, and follow up. Techniques within each phase like open-ended questions, benefits identification, listening, agreeing and countering are described.
This series constitutes co-branding and corporate branding, where student will study how the brand partnership and corporate branding can result in making an image in the mind of customers.
This document discusses the concept of co-branding, which involves a marketing partnership between two or more brands. It defines co-branding and outlines several forms it can take, such as ingredient co-branding, same-company co-branding, promotional co-branding, and joint venture co-branding. The document also discusses reasons why companies engage in co-branding partnerships, including to create financial and competitive advantages and provide greater value to customers. However, it notes that co-branding partnerships also carry risks such as customer dissatisfaction if one brand experiences problems.
The document outlines Samsung's media strategy and plan for its air conditioners in West Bengal, India. It discusses:
1) Conducting Samsung smart home demonstrations and experiential marketing initiatives like "Winter is Coming" themed booths to showcase product features and build awareness.
2) Partnering with the government to install Samsung air conditioners in sections of railway platforms and collaborating with the TV show "Bigg Boss Bangla" to increase brand visibility.
3) Developing a TV plan focusing on general entertainment, news, movies and sports channels in West Bengal like Star Jalsha, Zee Bangla, and Star Sports to reach the target audience.
This document discusses brand management and customer-based brand equity. It defines a brand and explains the challenges of brand management. It introduces the concept of customer-based brand equity and presents a pyramid model with the key dimensions of brand identity, meaning, response, and resonance. It outlines the strategic brand management process and emphasizes the importance of building strong, favorable brand associations in the minds of customers.
This marketing report summarizes a project completed by a student for their BBA degree. The report details a visit to Hipolin Limited, a manufacturer of detergent products located in Ahmedabad, India. The report includes a company profile describing Hipolin's mission, vision, production capacity, competitors, and target markets. It also discusses Hipolin's product line, including the production process, packaging, branding, and product mix. The student acknowledges those who helped with the project and report.
A brand is primarily an idea or image that customers instantly identify with a product or service. Branding elements like logos, slogans, and color schemes allow companies to build a unique reputation beyond just their products and services to generate more revenue. However, focusing too much on short-term financial gains can neglect building the brand as an asset. Effective branding requires excellent brand concepts and execution, as well as sensible budgeting for both branding and marketing efforts. Building opportunities for branding include defining customer personas, having a strong online and social media presence, blogging to share valuable information, and prioritizing great customer service which can boost word-of-mouth recognition of the brand.
The document discusses various types of sales promotion techniques used to stimulate immediate sales. It describes consumer sales promotion, trade sales promotion, and sales-force sales promotion. Some specific techniques mentioned include discounts, buy one get one offers, combo offers, display allowances, product demonstrations, product bundling, loyalty programs, and private labels. The objectives of these various sales promotion techniques are to increase sales, retain and increase customers, build relationships, and motivate salespeople and trade partners.
This document provides an overview of key concepts in marketing communications (MarCom). It defines MarCom and discusses the basic instruments. It introduces communication theory and the elements of the communication process. It also explains integrated marketing communications (IMC) theory and highlights the importance of segmentation, targeting, and positioning. Principles of effective MarCom such as identifying the target audience, choosing communication channels, designing the message, and measuring results are also summarized. The document discusses how the MarCom mix links to the marketing mix and can be influenced by factors such as the product, life cycle stage, and competitors.
Branding
Leveraging Secondary Brand Association
Managing Brand Over Time, Brand Reinforcement & Brand Revitalization to help the growth of customers and Manage brand equity
The document discusses the history and brand equity of Coca-Cola. It summarizes that Coca-Cola began in 1886 as a distinctive tasting soft drink created by John Pemberton. Through early marketing tactics like coupons and advertising, Coca-Cola established brand awareness and recognition around the world. The brand has achieved strong loyalty through consistent identity, quality perception, positive brand associations, and effective long-term marketing strategies focused on acceptability, affordability and availability. Coca-Cola remains one of the most well-known and beloved brands in history due to its iconic logo and marketing efforts spanning over a century.
The document presents on co-branding. It defines co-branding as combining two or more brand names on a single product or service. There are three levels of co-branding: market share, brand extension, and global branding. Co-branding provides benefits like risk sharing, cost savings, more sales, and a better product image. However, there are also risks like differences in company visions and damage to brand equity. In conclusion, co-branding is an effective marketing strategy that can increase market share and brand recognition when executed properly.
This document discusses client-agency relationships in advertising. It defines a client-agency relationship as one between an advertiser and advertising agency that requires trust and collaboration to be effective. The document outlines factors that contribute to effective relationships, such as agencies not advertising for competitors and clients paying bills promptly. It also describes the advertising process, key agency departments like account services and creative, and sources of agency income. Overall, the document provides an overview of important aspects of client-agency relationships in advertising.
Brand building involves activities to nurture a brand into a profitable stream for the company after launch. Advertising helps build brands by contributing to how consumers perceive the brand. A company's brand provides a competitive advantage and is a strategic asset. Brand equity refers to the value added to a commodity by associating it with tangible and intangible benefits in consumers' minds. Power brands generate large profits and strategic opportunities because they have a distinctive product, deliver on their brand promise, and have a strong personality and widespread presence. Building brand equity requires distinguishing the product, aligning advertising with what is delivered, and creating emotional bonds and relationships with customers.
This document discusses choosing brand elements to build brand equity. It outlines various brand elements like names, URLs, logos, slogans, jingles and packaging. It provides criteria for effective brand elements and tactics for implementing different elements. The key message is that brand elements should work together cohesively to create a memorable and meaningful brand identity that enhances awareness and forms strong associations.
Brand equity refers to the added value provided to products and services by a brand. It is measured by how consumers think, feel and act towards the brand and is reflected in prices, market share and profits. David Aaker views brand equity as consisting of brand awareness, brand associations, perceived quality, brand loyalty and other proprietary assets. Marketers build brand equity by choosing memorable and meaningful brand elements, designing holistic marketing activities, and creating the right brand knowledge structures with consumers. Managing brand equity requires reinforcing, revitalizing or addressing crises to change brand knowledge over the long term. Brand portfolios introduce multiple brands to attract varied customers while minimizing overlap between brands.
This document discusses secondary sources of brand knowledge, including ingredient branding, co-branding, licensing, celebrity endorsements, sponsoring events, and third-party endorsements. It provides guidelines for each secondary source. For ingredient branding, it notes that ingredients can reinforce differences or give commodities an advantage. For co-branding, both brands should have equal awareness and favorable, unique associations. Licensing guidelines warn against overexposure. Celebrity endorsements should provide a strategic fit but celebrities' actions can impact brands. Event sponsorships should create brand interactions and experiences in addition to promotions. Third parties like magazines can provide endorsements.
The document discusses different strategies for leveraging existing brand equity through extensions, including line extensions, brand extensions, sub-branding, and co-branding.
It provides examples of each type of extension and discusses factors to consider when deciding on an extension strategy, such as whether to use an existing brand or introduce a new brand. Risks of line extensions are also outlined, such as line confusion, weakened brand loyalty, and strained relations with trade partners.
Intro to Branding & Brand management - ElkottabMuhammad Omar
油
it's my material for the training workshop of "Intro to Branding & Brand Management" that has been held among other 7 workshops of #elkottab training event organized by E3langi.com in November 2014
The document provides an overview of consumer behavior including:
1. Definitions of key terms like consumer behavior and factors influencing consumer behavior such as demographic, economic, social, cultural and psychological factors.
2. Models of the consumer decision process with 5 stages from need recognition to post-purchase behavior.
3. Examples of case studies examining influences on purchase decisions and comparisons of rural vs urban consumer habits.
4. The importance of understanding consumer behavior for consumers, researchers and producers.
Chapter 15 - The Internet: Digital and Social Media by Belch & Belchkpatric
油
This document discusses advertising and marketing techniques on the Internet. It describes the evolution from Web 1.0 to Web 2.0 and the rise of social media. Various digital advertising methods are outlined from banner ads to behavioral targeting. New media such as blogs, podcasts, and augmented reality are also discussed. Both advantages like targeted marketing and disadvantages like measurement problems of digital and social media are presented.
Marketing involves managing the 4 Ps (product, price, place, promotion) to create demand and pull for a company's products and services, while sales involves pushing products to customers. The key differences are that marketing has a wider, more dynamic scope focused on understanding customer needs, while sales has a narrower focus on fulfilling the company's goals. Effective marketing strategies combine both push and pull approaches to drive business growth.
Leveraging secondary brand associations to build brand equity
Content Extracted from Strategic Brand Management 3rd Edition
Authors: Kevin Lane Keller
M.G. Parameswaran
Issac Jacob
Presentation developed from SLIM Diploma In Brand Management Students
Presentation developed by Leroy J. Ebert (17th May 2014)
HERE , THIS PPT IS IN DETAIL TELLING ABOUT ALL THE STEPS INCLUDING IN PERSONAL SELLING PROCESS... GO THROUGH IT FOR BETTER UNDERSTANDING ........#PERSONAL SELLING PROCESS #ADVERTISING #PRINCIPLES OF MARKETING .....
IF YOU LIKE IT THEN PLS SHARE WITH YOUR FRIENDS...
The document discusses various types of sales promotion techniques used to stimulate immediate sales. It describes consumer sales promotion, trade sales promotion, and sales-force sales promotion. Some specific techniques mentioned include discounts, buy one get one offers, combo offers, display allowances, product demonstrations, product bundling, loyalty programs, and private labels. The objectives of these various sales promotion techniques are to increase sales, retain and increase customers, build relationships, and motivate salespeople and trade partners.
This document provides an overview of key concepts in marketing communications (MarCom). It defines MarCom and discusses the basic instruments. It introduces communication theory and the elements of the communication process. It also explains integrated marketing communications (IMC) theory and highlights the importance of segmentation, targeting, and positioning. Principles of effective MarCom such as identifying the target audience, choosing communication channels, designing the message, and measuring results are also summarized. The document discusses how the MarCom mix links to the marketing mix and can be influenced by factors such as the product, life cycle stage, and competitors.
Branding
Leveraging Secondary Brand Association
Managing Brand Over Time, Brand Reinforcement & Brand Revitalization to help the growth of customers and Manage brand equity
The document discusses the history and brand equity of Coca-Cola. It summarizes that Coca-Cola began in 1886 as a distinctive tasting soft drink created by John Pemberton. Through early marketing tactics like coupons and advertising, Coca-Cola established brand awareness and recognition around the world. The brand has achieved strong loyalty through consistent identity, quality perception, positive brand associations, and effective long-term marketing strategies focused on acceptability, affordability and availability. Coca-Cola remains one of the most well-known and beloved brands in history due to its iconic logo and marketing efforts spanning over a century.
The document presents on co-branding. It defines co-branding as combining two or more brand names on a single product or service. There are three levels of co-branding: market share, brand extension, and global branding. Co-branding provides benefits like risk sharing, cost savings, more sales, and a better product image. However, there are also risks like differences in company visions and damage to brand equity. In conclusion, co-branding is an effective marketing strategy that can increase market share and brand recognition when executed properly.
This document discusses client-agency relationships in advertising. It defines a client-agency relationship as one between an advertiser and advertising agency that requires trust and collaboration to be effective. The document outlines factors that contribute to effective relationships, such as agencies not advertising for competitors and clients paying bills promptly. It also describes the advertising process, key agency departments like account services and creative, and sources of agency income. Overall, the document provides an overview of important aspects of client-agency relationships in advertising.
Brand building involves activities to nurture a brand into a profitable stream for the company after launch. Advertising helps build brands by contributing to how consumers perceive the brand. A company's brand provides a competitive advantage and is a strategic asset. Brand equity refers to the value added to a commodity by associating it with tangible and intangible benefits in consumers' minds. Power brands generate large profits and strategic opportunities because they have a distinctive product, deliver on their brand promise, and have a strong personality and widespread presence. Building brand equity requires distinguishing the product, aligning advertising with what is delivered, and creating emotional bonds and relationships with customers.
This document discusses choosing brand elements to build brand equity. It outlines various brand elements like names, URLs, logos, slogans, jingles and packaging. It provides criteria for effective brand elements and tactics for implementing different elements. The key message is that brand elements should work together cohesively to create a memorable and meaningful brand identity that enhances awareness and forms strong associations.
Brand equity refers to the added value provided to products and services by a brand. It is measured by how consumers think, feel and act towards the brand and is reflected in prices, market share and profits. David Aaker views brand equity as consisting of brand awareness, brand associations, perceived quality, brand loyalty and other proprietary assets. Marketers build brand equity by choosing memorable and meaningful brand elements, designing holistic marketing activities, and creating the right brand knowledge structures with consumers. Managing brand equity requires reinforcing, revitalizing or addressing crises to change brand knowledge over the long term. Brand portfolios introduce multiple brands to attract varied customers while minimizing overlap between brands.
This document discusses secondary sources of brand knowledge, including ingredient branding, co-branding, licensing, celebrity endorsements, sponsoring events, and third-party endorsements. It provides guidelines for each secondary source. For ingredient branding, it notes that ingredients can reinforce differences or give commodities an advantage. For co-branding, both brands should have equal awareness and favorable, unique associations. Licensing guidelines warn against overexposure. Celebrity endorsements should provide a strategic fit but celebrities' actions can impact brands. Event sponsorships should create brand interactions and experiences in addition to promotions. Third parties like magazines can provide endorsements.
The document discusses different strategies for leveraging existing brand equity through extensions, including line extensions, brand extensions, sub-branding, and co-branding.
It provides examples of each type of extension and discusses factors to consider when deciding on an extension strategy, such as whether to use an existing brand or introduce a new brand. Risks of line extensions are also outlined, such as line confusion, weakened brand loyalty, and strained relations with trade partners.
Intro to Branding & Brand management - ElkottabMuhammad Omar
油
it's my material for the training workshop of "Intro to Branding & Brand Management" that has been held among other 7 workshops of #elkottab training event organized by E3langi.com in November 2014
The document provides an overview of consumer behavior including:
1. Definitions of key terms like consumer behavior and factors influencing consumer behavior such as demographic, economic, social, cultural and psychological factors.
2. Models of the consumer decision process with 5 stages from need recognition to post-purchase behavior.
3. Examples of case studies examining influences on purchase decisions and comparisons of rural vs urban consumer habits.
4. The importance of understanding consumer behavior for consumers, researchers and producers.
Chapter 15 - The Internet: Digital and Social Media by Belch & Belchkpatric
油
This document discusses advertising and marketing techniques on the Internet. It describes the evolution from Web 1.0 to Web 2.0 and the rise of social media. Various digital advertising methods are outlined from banner ads to behavioral targeting. New media such as blogs, podcasts, and augmented reality are also discussed. Both advantages like targeted marketing and disadvantages like measurement problems of digital and social media are presented.
Marketing involves managing the 4 Ps (product, price, place, promotion) to create demand and pull for a company's products and services, while sales involves pushing products to customers. The key differences are that marketing has a wider, more dynamic scope focused on understanding customer needs, while sales has a narrower focus on fulfilling the company's goals. Effective marketing strategies combine both push and pull approaches to drive business growth.
Leveraging secondary brand associations to build brand equity
Content Extracted from Strategic Brand Management 3rd Edition
Authors: Kevin Lane Keller
M.G. Parameswaran
Issac Jacob
Presentation developed from SLIM Diploma In Brand Management Students
Presentation developed by Leroy J. Ebert (17th May 2014)
HERE , THIS PPT IS IN DETAIL TELLING ABOUT ALL THE STEPS INCLUDING IN PERSONAL SELLING PROCESS... GO THROUGH IT FOR BETTER UNDERSTANDING ........#PERSONAL SELLING PROCESS #ADVERTISING #PRINCIPLES OF MARKETING .....
IF YOU LIKE IT THEN PLS SHARE WITH YOUR FRIENDS...
The document outlines the key steps in the sales process:
1. Approach - making a good first impression through preparation and focusing on the prospect.
2. Probing for needs - asking questions to understand the prospect's needs and problems.
3. Convincing the prospect - demonstrating how the product or service satisfies their needs.
4. Handling objections - addressing any concerns the prospect raises through preparation.
5. Closing - advancing the sale by looking for signs the prospect is ready to buy and using closing techniques.
6. Follow up - maintaining the customer relationship for future sales through good post-sale service.
The document discusses personal selling and customer-oriented selling. It emphasizes identifying customer needs, avoiding high-pressure techniques, and helping customers make satisfactory purchase decisions. It then provides tips for salespeople, including developing product knowledge, demonstrating benefits to reduce risk, handling objections, negotiating, and following up with customers.
This document discusses the consultative sales approach and provides tips for effective consultative selling. It defines consultative selling as an approach that is focused on understanding the customer's needs and matching products or services to meet those needs. The document differentiates this approach from traditional selling by emphasizing understanding customer needs over product features. It also provides tips on preparing for common customer objections, introducing yourself to customers, identifying different buyer types, and asking the right types of questions.
How to be a good Salesman. Knowing how to sell a product is a skill that must be practiced. Good salespeople have a strong work ethic and never give up on a sale. You must know your product, know your customer, and be able to clearly show how your product will improve the life of your customer. Develop a sales pitch that is specific to the needs of your customer and follow up to close the deal. If you are not able to close the deal, continue to develop a relationship with the customer. You may win them over eventually.
The document outlines key rules and concepts for successful salesmanship. It discusses three dimensions of selling: building rapport with customers, having logical and organized presentations, and in-depth knowledge of the customer, product, and competitors. The selling process involves connecting with customers, identifying their needs, introducing solutions to meet those needs, handling objections, and building long-term relationships. Salespeople must understand customers' problems, showcase product benefits over features, and be prepared to overcome common objections by addressing misconceptions, disadvantages, or lack of interest.
The document discusses the 7 steps in the personal selling process: 1) Prospecting and qualifying potential customers, 2) Pre-approach research and preparation, 3) Making initial contact and approach, 4) Presenting and demonstrating the product, 5) Handling objections, 6) Closing the sale, 7) Following up after the sale. The personal selling process involves identifying prospects, researching them, making a sales pitch, addressing concerns, getting the customer to purchase, and following up to ensure satisfaction.
This presentation covers the basics of selling skills:
1. Who is a salesman?
2. Sales cycle.
3. Handling customer objections.
4. Buying Signals.
5. Closing techniques.
6. Social styles.
7. Buying motives.
8. How to sell a value.
This document provides an overview of basic selling skills, including understanding sales calls, identifying customer buying motives, presenting product benefits, handling customer objections, gaining commitments, and analyzing sales calls for improvement. The objectives are to sharpen skills and behaviors to improve sales and professionalism. Key aspects covered include prospecting, call preparation, approaches, presentations matched to customer needs, questioning techniques, dealing with responses and closing.
The document provides guidance on key rules of salesmanship including relation building, straight thinking, and presentation. It emphasizes building rapport with customers through smiling, greeting them, and general discussion before jumping to sales. Salespeople should think logically and organize their presentations with valid evidence and benefits of the product. Finally, the document outlines dimensions of selling including knowing the customer's needs and wants, having strong product knowledge with confidence and enthusiasm, and properly introducing and comparing a product to competitors without criticism.
This document discusses personal selling as a promotional technique. It defines personal selling as oral communication between a seller and potential buyer with the goal of making a sale. Personal selling involves a face-to-face interaction and two-way communication. It is most useful for small companies, high-value products, and those that require demonstrations or customization. The personal selling process involves prospecting, qualifying leads, planning sales calls, approaching prospects, presenting/demonstrating the product, overcoming objections, closing the sale, and following up with customers. Personal selling provides benefits like building relationships and obtaining immediate feedback.
The document outlines the key steps in the personal selling process:
1. Prospecting involves identifying and qualifying leads by determining if they have needs, can afford the product, and are receptive to being contacted.
2. Preparation includes gathering information on prospects and planning sales calls and strategies.
3. The approach involves making contact, leaving a good first impression, and selecting an approach technique.
4. Presentation and demonstration involves understanding prospects' needs, presenting benefits, and using demonstrations to overcome objections and close the sale.
The personal selling process aims to guide salespeople through prospecting, planning, presentations and demonstrations to ultimately close the sale while building long-term customer relationships.
Selling process and managing sales informationsanjay_sarkar
油
The document outlines the key steps in the selling process: prospecting, pre-approach, approach, presentation, handling objections, closing, and follow-up. It also discusses prospecting in more depth, including differentiating between leads, prospects, and qualified customers. Additionally, it covers different prospecting methods, pre-approach strategies, approaches to customers, and techniques for handling objections and closing the sale. Maintaining good customer relationships through follow-up is also emphasized.
The document discusses objections in sales and how to handle them effectively. It defines an objection as a customer concern or question rather than an excuse. Objections are opportunities to provide information and address customer needs. While many salespeople see objections as bad, they are actually good signs that the customer is engaged and giving the salesperson a chance to respond. The document provides tips on distinguishing real from fake objections, techniques for responding like using "feel, felt, found", turning objections into benefits, and common objections and strategies to overcome them like breaking down costs, facilitating decision meetings, building trust with experience and references, and making the decision to hire easy.
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Jutaan orang menerjemahkan dengan DeepL setiap hari.
Populer: Jepang ke Inggris, Inggris ke Indonesia dan Indonesia ke Inggris.
Bahasa lainnya:BulgariaCekoDenmarkJermanYunaniInggrisSpanyolEstoniaFinlandiaPrancisHongariaItaliaJepangKoreaLituaniaLatviaNorwegiaBelandaPolandiaPortugisRomaniaRusiaSlowakiaSloveniaSwediaTurkiUkrainaMandarinArab
Jutaan orang menerjemahkan dengan DeepL setiap hari.
Populer: Jepang ke Inggris, Inggris ke Indonesia dan Indonesia ke Inggris.
Bahasa lainnya:BulgariaCekoDenmarkJermanYunaniInggrisSpanyolEstoniaFinlandiaPrancisHongariaItaliaJepangKoreaLituaniaLatviaNorwegiaBelandaPolandiaPortugisRomaniaRusiaSlowakiaSloveniaSwediaTurkiUkrainaMandarinArab
Jutaan orang menerjemahkan dengan DeepL setiap hari.
Populer: Jepang ke Inggris, Inggris ke Indonesia dan Indonesia ke Inggris.
Bahasa lainnya:BulgariaCekoDenmarkJermanYunaniInggrisSpanyolEstoniaFinlandiaPrancisHongariaItaliaJepangKoreaLituaniaLatviaNorwegiaBelandaPolandiaPortugisRomaniaRusiaSlowakiaSloveniaSwediaTurkiUkrainaMandarinArab
The document outlines the 8 key steps in the personal selling process: 1) Pre-sale preparation where salespeople are trained on products, competitors, and customers. 2) Prospecting to locate potential buyers. 3) Approaching customers politely to introduce themselves and their product. 4) Presenting the product features to customers. 5) Demonstrating the product's utility and qualities to maintain interest. 6) Handling customer objections patiently and proving product superiority. 7) Closing the sale while making the customer feel they made the decision. 8) Post-sale follow-up to ensure customer satisfaction and identify additional sales opportunities.
2. After this course learners will be able to :
1. Distinguish the phases of the selling process.
2. Apply different questions to different selling situations.
3. Understand what is involved in the presentation and
the demonstration.
4. Know how to deal with buyers objections.
5. Understand and apply the art of negotiation.
6. Close a sale.
Objectives
3. Buying signals
Closing the sale
Demonstrations
Needs analysis
Negotiation
Personal selling skills
Reference selling
Sales presentation
Trial close
Objections
4. Introduction
The basic philosophy underlying the approach to personal
selling is that selling should be an extension of the marketing
concept,
It is in the best interests of the salesperson and their company
to identify customer needs and aid customer decision-making
by selecting from the product range those products that best fit
the customers requirements.
Adaptive selling is : since the salesperson adapts their
approach according to the specific situation.
5. salespeople help their customers make purchase decisions that will satisfy their needs as:
1. The desire to help customers make satisfactory purchase decisions.
2. Helping customers assess their needs.
3. Offering products that will satisfy those needs.
4. Describing products accurately.
5. Avoiding deceptive or manipulative influence tactics.
6. Avoiding the use of high pressure sales techniques.
6. Successful selling is associated with the following:
1. Asking questions.
2. Providing product information, making comparisons and
offering evidence to support claims.
3. Acknowledging the customers viewpoint.
4. Agreeing with the customers perceptions.
5. Supporting the customer.
6. Releasing tension.
7. Having a richer, more detailed knowledge of customers.
8. Increased effort.
9. Confidence in ones own ability.
7. Expertise in their companys products and the
market.
Good communication skills.
Ability to solve problems.
Ability to understand and satisfy the buyers
needs.
Thoroughness (accuracy).
Ability to help in ensuring the reliable and fast
delivery of orders.
Key characteristics of salespeople desired by buyers
8. Seven Phases of selling process
The Opening
Need & problem identification
Presentation & Demonstration
Dealing With Objections
Negotiation
Closing the sale
Follow up
9. 1. The opening
Initial impressions : a favourable initial response can be achieved.
Salespeople should open with a smile, a handshake .
In situations where they are not well known to the buyer,
introduce themselves and the company they represent.
Attention to detail.
Opening remarks are important.
business-related.
Can I help you??????????? No thank you Im just looking.
10. 2. Need and problem identification
The sellers first objective will be to
discover the problems and needs of the
customer.
Salesperson has many models ranging to
sell from small economy to super luxury
top-of-the range models, a range of
solutions to combat various (degree of
hearing loss).
Before a salesperson can sell a product ,
they need to understand the customers
circumstances.
11. 2. Need and problem identification
1. A salesperson will discuss with doctors (Audiologists) the problems that have arisen
with patient treatment; perhaps a hearing aid has been ineffective or a harmful .
2. What size of hearing aid is required?
3. Is the customer looking for high quality & performance?
4. Is a BTE or a ITE preferred?
5. What kind of price range is being considered?
Having obtained this information the salesperson is in a position to sell the model best
suited to the needs of the buyer.
This gives the salesperson the opportunity to offer a solution to such problems by means
of one of their companys products.
Needs analysis approach: a question-and-listen posture.
12. 2. Need and problem identification
In order to encourage the buyer to discuss their
problems and needs, salespeople tend to use open
rather than closed questions. An open question is
one that requires more than a one-word or one-
phrase answer.
A closed question, on the other hand, invites a one-
word or one-phrase answer. These can be used to
obtain purely factual information, but excessive use
can hinder rapport and lead to an abrupt type of
conversation.
13. Tell me and I'll forget;
Show me and I may remember;
Involve me and I'll understand.
3. The presentation and demonstration
14. 3. The presentation and demonstration
The first question to be addressed is presentation of
what? The preceding section has enabled the salesperson
to choose the most appropriate product(s) from their
range to meet customer requirements
Second,
Having fully discussed what the customer wants, the
salesperson knows which product benefits to stress. A given
product may have a range of potential features which confer
benefits to customers, but different customers place
different priorities on them.
The key to this task is to recognise that buyers purchase benefits
provide the benefits that the customer is looking for.
15. 3. The presentation and demonstration
Benefits analysed at two levels
1. That can be obtained by purchase of a particular type of product.
2. That can be obtained by purchasing that product from a
particular supplier.
A simple method of relating features and benefits in a
sales presentation is to link them by using the following phrases:
which means that
which results in
which enables you to.
Relationship between certain product features and benefits.
16. 3. The presentation and demonstration
The importance of asking questions is not confined to the needs and
problem identification stage.
Asking questions as part of the presentation serves two functions.
First, it checks that the salesperson has understood the kinds of benefits
the buyer is looking for.
After explaining a benefit ask the buyer, Is this the kind of thing you are
looking for?
Second, asking questions establishes whether the buyer has understood
what the salesperson has said.
17. 3. The presentation and demonstration
The salesperson accurately identifies customer needs and relates
product benefits to those needs.
The buyer does not offer much resistance, but somehow does not buy.
How, then, can a salesperson reduce risk?
There are four major ways:
(A) Reference Selling;
(B) Demonstrations;
(C) Guarantees; And
(D) Trial Orders.
18. 4. Dealing With Objections
Objections are any concerns or questions
raised by the buyer.
Objections should not always be viewed
with dismay by salespeople.
The effective approach for dealing with
objections involves two areas:
First :The preparation of convincing answers and
the development of a range of techniques for
answering objections in a manner that permits
the acceptance of these answers without loss of
face on the part of the buyer.
19. 4. Dealing With Objections
A number of techniques will now
be reviewed to illustrate how the
second objective may be
accomplished.
20. Listen and do not interrupt.
4. Dealing With Objections
Experienced salespeople know that the impression given to buyers by the
salesperson who interrupts midstream is that the salesperson believes that:
1. The objection is obviously wrong;
2. It is trivial;
3. It is not worth the salespersons time to let the buyer finish.
Interruption lead to a misunderstanding.
The correct approach is to listen carefully, attentively and respectfully.
21. Agree and counter
4. Dealing With Objections
The salesperson first agrees that what the buyer is saying is
sensible and reasonable, before then putting forward an alternative
point of view.
This method sometimes called the yes . . . but technique.
22. The straight denial
4. Dealing With Objections
This method has to be handled with a great deal of care
since the danger is that it will result in exactly the kind of
antagonism that the salesperson is wishing to avoid.
However, it can be used when the buyer is clearly
seeking factual information.
23. Question the objection
4. Dealing With Objections
A customer might say they do not like the appearance of the
product, or that the product is not good quality. In this
situation the salesperson should question the nature of the
objection in order to clarify the specific problem at hand.
Sometimes this results in a major objection being reduced to
one which can easily be dealt with.
In trying to explain the exact nature of objections buyers may
themselves realise these are really quite trivial.
24. Forestall the objection
4. Dealing With Objections
There are two advantages of doing this:
First, the timing of the objection is controlled by the
salesperson.
Second, since it is raised by the salesperson, the
buyer is not placed in a position where, having raised
a problem, they feel that it must be defended.
25. Turn the objection into a trial close
4. Dealing With Objections
When dealing with objections, the
salesperson should remember that
heated arguments are unlikely to win
sales .
Buyers buy from their friends, not their
enemies.
26. Hidden objections
4. Dealing With Objections
If a salesperson believes that a buyer is unwilling to
reveal their true objections, they should ask such
questions as the following:
Is there anything so far which you are unsure about?
Is there anything on your mind?
What would it take to convince you?
27. 5. Negotiation
Sellers may negotiate price, credit terms, delivery
times, trade-in values and other aspects of the
commercial transaction.
Start high but be realistic
There are several good reasons for making the
opening stance high.
First, the buyer might agree to it.
Second, it provides room for negotiation.
When considering how high to go, the limiting factor must
be to keep within the buyers realistic expectations.
28. 5. Negotiation
Attempt to trade concession for concession
Sometimes it may be necessary to give a concession
simply to secure the sale.
This is a valuable tool at the disposal of the negotiator
since it promotes movement towards agreement
while ensuring that proposals to give the buyer
something are matched by proposals for a concession
in return.
29. 6. Closing the sale
There are a number of closing techniques
which the salesperson can use
30. Simply ask for the order
The simplest technique involves asking directly for the order:
Shall I reserve you one?
Would you like to buy it?
Do you want it?
The key to using this technique is to keep silent after you have asked
for the order.
31. Summarise and then ask for the order
This technique allows the salesperson to remind the buyer of
the main points in the sales argument in a manner that
implies that the moment for decision has come and that
buying is the natural extension of the proceedings.
32. The concession close
This involves keeping one concession in reserve to use as
the final push towards agreement: If you are willing to
place an order now, Im willing to offer an extra 2.5 per cent
discount.
33. The alternative close
This closing technique assumes that the buyer is willing to
purchase but moves the decision to whether the colour
should be red or blue, the delivery should be Tuesday or
Friday, the payment in cash or credit, etc.
34. The objection close
It involves the use of an objection as a stimulus to buy.
The salesperson who is convinced that the objection is
the major stumbling block to the sale can gain
commitment from the buyer by saying, If I can
convince you that this model is the most economical
in its class, will you buy it?
35. Action agreement
This technique has the effect of helping the doctor
salesperson relationship to develop and continue.
No one product is better than its competitors on all
evaluative criteria. This means that the salespeople for all
of these products stand some chance of success.
Once the sale is agreed, the salesperson should follow two
rules.
First, they should never display emotions.
Second, leave as quickly as is courteously possible. The
longer they stay around, the greater the chance that the
buyers will change their minds, and cancel the order.
36. 7. FOLLOW-UP
This final stage in the sales process is necessary to ensure that
the customer is satisfied with the purchase and no problems with
factors such as delivery, installation, product use and training
have arisen.
#5: This is called adaptive selling since the salesperson adapts their approach according to the specific situation and it has been found to be a growing way of conducting sales interactions. Its importance is supported by research by Jaramillo et al. (2007) which showed that adaptive selling was associated with salespeoples performance (as measured by their attainment of sales quotas). This is not to deny the importance of personal persuasion. In the real world, it is unlikely that a product has clear advantages over its competition on all points, and it is clearly part of the selling function for the salesperson to emphasise those superior features and benefits that the product possesses. However, the model for personal selling advocated here is that of a salesperson acting as a need identifier and problem-solver. The view of the salesperson as being a slick, fast-talking confidence trickster is unrealistic in a world where most sellers depend on repeat business and where a high proportion of selling is conducted with professional buyers.
#6: In order to foster customer orientated selling, companies need to develop a corporate culture that views understanding customers and creating value for them as being central to their philosophy, and to use evaluation procedures that include measurement of the support given to customers, customer satisfaction with salesperson interactions, and the degree to which salespeople are perceived by customers to behave ethically. codes and policies. In addition, companies should include ethics in sales training courses, and employ sales managers who are willing to promote and enforce ethical codes and policies.
#7: These important findings should be borne in mind by salespeople when in a sales interview. They also suggest that sales training can improve sales performance, not only by improving skills, but by enhancing the self-confidence of the trainees in their perceived ability to perform well.
#9: These phases need not occur in the order shown. Objections may be raised during presentation or during negotiation and a trial close may be attempted at any point during the presentation if buyer interest is high. Furthermore, negotiation may or may not take place or may occur during any of the stages.. The evolved selling process assumes that the salesperson typically will perform the various steps of the process in some form, but the steps (phases) do not occur for each sales call. Rather, they occur over time, accomplished by multiple people within the selling firm, and not necessarily in any given sequence.
#10: Buyers expect salespeople to be business like in their personal appearance and behaviour. Untidy hair and a sloppy manner of dress can create a lack of confidence. Further, the salesperson who does not respect the fact that the buyer is likely to be a busy person, with many demands on their time, may cause irritation on the part of the buyer.
#Common courtesies should be followed.
Opening remarks are important since they set the tone for the rest of the sales interview. Normally they should be business-related since this is the purpose of the visit; they should show the buyer that the salesperson is not about to waste time. Where the buyer is well known and by their own remarks indicates a willingness to talk about a more social matter, the salesperson will obviously follow. This can generate close rapport with the buyer, but the salesperson must be aware of the reason for being there and not be excessively diverted from talking business.
#18: Reference selling involves the use of satisfied customers in order to convince the
buyer of the effectiveness of the salespersons product. During the preparation stage a list of satisfied customers, arranged by product type, should be drawn up. Letters
from satisfied customers should also be kept and used in the sales presentation in order to build confidence. This technique can be highly effective in selling, moving a buyer from being merely interested in the product to being convinced that it is the solution to their problem.
Pre-demonstration
Make the process as brief as possible
Make the process as simple as possible
Rehearse the approach to likely objections with colleagues
Know the products selling points
The demonstration should not go wrong if it has been adequately rehearsed beforehand
Conducting the demonstration
1. Commence with a concise statement of what is to be done or proved.
2. Show how potential purchasers can participate in the demonstration process.
3. Make the demonstration as interesting and as satisfying as possible.
4. Show the potential purchaser how the products features can fulfil their needs or
solve their problems.
5. Attempt to translate such needs into a desire to purchase.
6. Do not leave the purchaser until they are completely satisfied with the demonstration.
Such satisfaction will help to justify ultimate expenditure and will also reduce
the severity and incidence of any complaints that might arise after purchasing.
7. Summarise the main points by re-emphasising the purchasing benefits that have
been put forward during the demonstration. Note that we state purchasing benefits
and not sales benefits because purchasing benefits relate to individual buying
behaviour.
8. The objectives of a demonstration should be: (a) to enable the salesperson to obtain
a sale immediately (e.g. a car demonstration drive given to a member of the
public); or (b) to pave the way for future negotiations (e.g. a car demonstration
drive given to a car fleet buyer).
9. Depending on the objective above, in the case of (a) ask for the order now, or in the
case of (b) arrange for further communication in the form of a meeting, telephone
call, letter,
#19: Advantages of demonstrations
1. Demonstrations are a useful ancillary in the selling process. They add realism to
the sales routine in that they utilise more human senses than mere verbal descriptions
or visual presentation.
2. When a potential customer is participating in a demonstration, it is easier for the
salesperson to ask questions in order to ascertain buying behaviour. This means
that the salesperson will not need to emphasise inappropriate purchasing motives
later in the selling process.
3. Such demonstrations enable the salesperson to maximise the u benefits to potential
purchasers. In other words, the salesperson can relate product benefits to match the
potential buyers buying behaviour and adopt a more creative approach, rather
than concentrating on a pre-prepared sales routine.
4. Customers objections can be more easily overcome if they can be persuaded to
take part in the demonstration process. In fact, many potential objections may
never even be aired because the demonstration process will make them invalid. It
is a fact that a sale is more likely to ensue if fewer objections can be advanced
initially, even if such objections can be satisfactorily overcome.
5. There are advantages to customers in that it is easier for them to ask questions in a
more realistic way in order to ascertain the products utility more clearly and quickly.
6. Purchasing inhibitions are more quickly overcome and buyers declare their
purchasing interest sooner than in face-to-face selling/buying situations. This
makes the demonstration a very efficient sales tool.
7. Once a customer has participated in a demonstration there is less likelihood of
customer remorse (i.e. the doubt that value for money is not good value after all).
By taking part in the demonstration and tacitly accepting its results, the purchaser
has bought the product and not been sold it.
Guarantees
Guarantees of product reliability, after-sales service and delivery supported by
penalty clauses can build confidence towards the salespersons claims and lessen the
costs to the buyer should something go wrong. Their establishment is a matter for
company policy rather than the salespersons discretion but, where offered, the salesperson
should not underestimate their importance in the sales presentation.
Trial orders
The final strategy for risk reduction is for salespeople to encourage trial orders, even
though they may be uneconomic in company terms and in terms of salespeoples
time in the short term, when faced with a straight re-buy (see Chapter 3). Buyers who
habitually purchase supplies from one supplier may recognise that change involves
unwarranted risk. It may be that the only way for a new supplier to break through
this impasse is to secure a small order which, in effect, permits the demonstration of
the companys capability to provide consistently high-quality products promptly.
The confidence, thus built, may lead to a higher percentage of the customers business
in the longer term.