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19 PERSONAL SELLING: ETHICS, ISSUES, REQUIREMENTS, AND BASIC SKILLS.

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Presentation on theme: "19 PERSONAL SELLING: ETHICS, ISSUES, REQUIREMENTS, AND BASIC SKILLS."— Presentation transcript:

1 19 PERSONAL SELLING: ETHICS, ISSUES, REQUIREMENTS, AND BASIC SKILLS

2 SALES IT IS NEVER ENOUGH ! Sales are Down [video]

3 YOUR IMPRESSIONS OF SALES MARKETING ADVERTISING SALES / SALES MANAGER JOBS OR PROFESSIONS? Why do you [not] want to be in sales?

4 YOU SELL EVERY DAY! ASSISTANCE FAVOR FULFILL A REQUEST ALL ARE FORMS OF PERSONAL SELLING

5 SALES RESPONSIBILITIES #1 - VOICE OF THE CUSTOMER –Feedback about client developments –Feedback about your company –Feedback about competitors #2 - VOICE OF THE COMPANY –Implement the marketing plan –Communicate your company policies and/or positions –Not an agent #3 - IMPECCABLE ETHICS AND INTEGRITY

6 SALES PERSONNEL & INCOME INCOMEINCOME TELESALES NOT TELEMARKETING RETAIL / ORDER TAKERS DIRECT FIELD SALES INSIDE SALES TECHNICAL SALES SERVICE SALES OEM NATIONAL ACCOUNTS $13.6 K $150+ K $$$,$$$ PROFESSIONALISM MISSIONARY SALES TRANSACTION MARKETING RELATIONSHIP MARKETING

7 MAJOR SALES APPROACHES TRADITIONAL –Product oriented—profit through sales volume CONSULTATIVE –Problem-solving—profit through problem solving RELATIONSHIP –Understand their business—profit through strategic relationships, customer loyalty and satisfaction Joint Efforts / Joint Teams TEAM –Integrate organizations—profit through sales volume –Strong advantage for large firms competing against smaller firms –Long-term alliances

8 FORMS OF PERSONAL SELLING SALES PRESENTATION TYPES OLDER METHODS LO2 Stimulus-response - given the appropriate stimulus, the prospect will buy. Formula selling – information must be provided in an accurate, thorough, and step-by-step manner

9 FORMS O PERSONAL SELLING SALES PRESENTATION TYPES MODERN METHODS LO2 Need-satisfaction - probing and listening to identify needs and interests 1.Adaptive selling - a need-satisfaction format that adjusts the presentation to fit the selling situation 2.Consultative selling - a need-satisfaction format where the salesperson focuses on problem identification, recognition, and resolution

10 SALES FUNCTIONS 1.MANAGING THE PROSPECT FUNNEL 2.THE SALES CYCLE 3.CUSTOMER / PROSPECT CARE 4.INFORMATION DISSEMINATION 5.TERRITORY MANAGEMENT 6.PROFESSIONAL DEVELOPMENT

11 SUSPECT TO GREAT CUSTOMER Suspect Inquiry Prospect Qualified Hot prospect Proposal / quote First purchase Repeat purchaser Long-term or high value customer Past customer

12 MANAGING THE PROSPECT FUNNEL PROSPECT APPROACH & QUALIFY PRESENT DEMONSTRATE HANDLE OBJECTIONS CLOSE FOLLOW-UP CUSTOMER ! REAL, FALSE, STALLS HOT PROSPECT Trial / Actual Close EFFECTIVENESS NEEDS & VALUE QUALIFIED ! FAB COGNITIVE DISSONANCE MARKETING DEPARTMENT LEADS VS. COLD CALLS Copyright A. Whitebread, 2001-2010. SALES CYCLE

13 THE SALES CYCLE & AIDA PROSPECT APPROACH & QUALIFY PRESENT DEMONSTRATE HANDLE OBJECTIONS CLOSE FOLLOW-UP A I D A The Price Objection: http://www.nationalsalescenter.com/sales-training-articles/free-sales-training-videos/http://www.nationalsalescenter.com/sales-training-articles/free-sales-training-videos/

14 YOUR SALES OPPORTUNITY Inactive and Ex-customers PartnersAdvocatesClients Repeat customers First-time customers Suspects Prospects Disqualified prospects X

15 CUSTOMER & PROSPECT CARE BUILDING A RELATIONSHIP –TRUST –CREDIBILITY COMES THROUGH KNOWLEDGE –There is no substitute for product knowledge! PERFORMANCE –Products & services, the organization, and you! DELIVERING AS ADVERTISED –INFORMATION –FOLLOW-UP AND FOLLOW-THROUGH –ORGANIZE ADDITIONAL RESOUCES

16 INFORMATION DISSEMINATION TO CUSTOMERS AND PROSPECTS –STANDARD COMMUNICATION –NEW PRODUCTS AND PROGRAMS TO THE COMPANY –CUSTOMER AND PROSPECT REACTIONS –COMPETITIVE INFORMATION REPORT SIGNIFICANT EVENTS –What do you think would be a significant customer event?

17 TERRITORY MANAGEMENT TIME MANAGEMENT ASSEMBLE RESOURCES MAINTAIN CONTROL REPORTING –Call reports, expense, sales, … TERRITORY PLANS AND FORECASTING

18 PERSONAL IMPROVEMENT EFFICIENCY / TIME MANAGEMENT SALES SKILLS PROBING WITH OPEN-END QUESTIONS PROVING THROUGH RESPONSE LISTENING EVALUATING PRESENTING [PROVIDING INFORMATION] CLOSING PROFESSIONAL DEVELOPMENT

19 TRAITS OF GOOD SALES PERSONNEL GOAL ORIENTED STRONG EGO BUT EMPATHETIC VERY KNOWLEDGEABLE CONTROL ANY SITUATION IMPECCABLE INTEGRITY AND ETHICS

20 SALES PERSONNEL TRAITS IMPECCABLE INTEGRITY AND ETHICS –ETHICAL AND LEGAL ISSUES DISPARAGEMENT MISREPRESENTATION BRIBERY HIGH-PRESSURE SALES TACTICS NO FAVORITISM NO DISCRIMINATION

21 AN AVERAGE DAY IN SALES PROPOSALS, PRESENTATIONS, & QUOTATIONS COMMUMICATIONS –INTERNAL & EXTERNAL REPORTING SCHEDULING TIME MANAGEMENT TELEPHONE CALLS SALES CALLS AND PRESENTATIONS TRAVEL


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