personal selling (preliminary steps in the selling process)
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Personal Selling (Preliminary Steps In The Selling Process). LECTURE-23. Chapter Questions. How does personal selling work and what are its objectives? What is the personal selling process? (Preliminary Steps In The Selling Process). Chapter Perspective. - PowerPoint PPT PresentationTRANSCRIPT
Personal Selling(Preliminary Steps In The Selling Process)
LECTURE-23
Chapter Questions
How does personal selling work and what are its objectives?
What is the personal selling process? (Preliminary Steps In The Selling Process)
Chapter Perspective
If you can sell you have a job for life.
Everyone lives by selling something.
Some sale people are born but most are develop.
Work smart not hard.
Sales man do not work for the company he works for the customers.
“I don’t care how many degrees you have on the
wall, if you don’t know how to sell, you’re
probably going to starve.”
“I don’t care how many degrees you have on the
wall, if you don’t know how to sell, you’re
probably going to starve.”
Heavyweight boxer George Forman’s advice to his childrenL.A. Times, pg. C2, Tuesday, March 25, 1997
Chapter Perspective
Opening Case: Avon
An IMC program featuring:• The introduction of a new youth brand,
mark• Joint sales training program with
University of Phoenix• New magazine/catalog: meet mark
An IMC program featuring:• The introduction of a new youth brand,
mark• Joint sales training program with
University of Phoenix• New magazine/catalog: meet mark
An IMC program featuring:• The introduction of a new youth brand,
mark• Joint sales training program with
University of Phoenix• New magazine/catalog: meet mark
An IMC program featuring:• The introduction of a new youth brand,
mark• Joint sales training program with
University of Phoenix• New magazine/catalog: meet mark
Recruit a new generation of Avon salespeopleRecruit a new generation of Avon salespeople
• To early to tell, but the target audience, young women 16-24, is a huge potential market, spending approximately $24 billion on beauty-related products
• To early to tell, but the target audience, young women 16-24, is a huge potential market, spending approximately $24 billion on beauty-related products
Opening Case: Avon
Challenge:Challenge:
Answer:Answer:
Results:Results:
Recruit a new generation of Avon salespeopleRecruit a new generation of Avon salespeople
How Does Personal Selling Work?
Personal selling: Person-to-person interactive communication used to ultimately persuade a current/ prospective customer to buy something.
The Oldest Marketing Communication Function
ProspectingProspecting
Following up on Sales LeadsFollowing up on Sales Leads
Toughest Challenge: Cold CallingToughest Challenge: Cold Calling
Following up on Sales LeadsFollowing up on Sales Leads
ProspectingProspecting
Acquiring New Customers
Problem: 15-20% customer turnover rate each yearProblem: 15-20% customer turnover rate each year
Ways toRespondWays toRespond
Build Trust By: Being Customer-oriented, Demonstrating Dependability, Being Honest
Build Trust By: Being Customer-oriented, Demonstrating Dependability, Being Honest
Treating Current Customer Like New OnesTreating Current Customer Like New Ones
Build Trust By: Being Customer-oriented, Demonstrating Dependability, Being Honest
Build Trust By: Being Customer-oriented, Demonstrating Dependability, Being Honest
Retaining Current Customers
Problem: often overlooked in favor of Problem: often overlooked in favor of attracting new customersattracting new customers
Ways toRespondWays toRespond
Make X Cold Calls
Make X Cold Calls
Increase Current
Customers’ Business by Z
Percent
Increase Current
Customers’ Business by Z
Percent
Identify Y Qualified Sales
Leads
Identify Y Qualified Sales
Leads
Make X Cold Calls
Make X Cold Calls
Identify Y Qualified Sales
Leads
Identify Y Qualified Sales
Leads
Personal Selling Objectives
TypicalMeasurableExamples
TypicalMeasurableExamples
Solution (enterprise) Selling
Solution (enterprise) Selling
• Helping customers solve problems or take
advantage of opportunities
• Helping customers solve problems or take
advantage of opportunities
Solution (enterprise) Selling
Solution (enterprise) Selling
• Helping customers solve problems or take
advantage of opportunities
• Helping customers solve problems or take
advantage of opportunities
Personal Selling Strategies
PartneringPartnering
• Working with prospects and customers as
business partners
• Working with prospects and customers as
business partners
Prospecting
1. Present Customers
2. Former Customers
3. End Less Chain
4. Center Of Influence
5. Cold Calling
6. Spotters
7. Directories
8. Mailing Lists
9. Prospecting Services
10.Advertising
11.Personal Contacts
12.Trade Shows And Exhibitions
13.Internet/Social Media
Identifying Prospects
MoneyMoney NeedNeedAuthorityAuthorityMoneyMoney AuthorityAuthority
Qualifying Prospects
MAN
APPROACH
MAN
APPROACH
PREPARATION
Who is the customer? Who will be the actual decision maker? Who will influence the decision? Who will be the actual user? With Whom will develop favorable relationship?
What are the customer’s needs? Identify the prospects need Try to understand his liking or disliking
What other information is required? Family back ground Hobbies / Interest / Memberships etc.
PRE APPROACH
PREPARATION….
Where does one obtain information? Company’s internal records Annual reports Catalogs Trade publications Advertisements Yellow pages Company’s official website
PRE APPROACH
PREPARATION....
Specify the objectives Why am I going? What am I trying to happen? What am I going to recommend?
Develop a strategy Course of action Various alternatives
Make an appointment Sales call are costly
CALL PLANNING
Marketing Management – A South Asian Perspective by Philip Kotler, Kevin Lane Keller, Abraham Koshy & Mithileshwar Jha, 13th Edition, Published by Pearson Education, Inc.
Sales Management Concepts, Practices, and Cases by Eugene M. Johnson, David L. Kurtz & Eberhard E. Scheuing Published by McGraw-Hill Irwin.
Principles of Advertising & IMC by Tom Duncan 2nd Edition, Published by McGraw-Hill Irwin.
Principles of Marketing by Philip Kotler & Gary Armstrong Thirteenth Edition, Published by Prentice Hall
Bibliography
The End:
“Enjoy life. This is not a dress rehearsal.”
Author Unknown