Personal selling1
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Personal selling1 Presentation Transcript

  • 1. Personal selling
    • By:- Pankaj Kumar
    • Rai Business school Meadows
  • 2. Personal selling Personal selling is oral communication with potential buyers of a product with the intention of making a sale. The personal selling may focus initially on developing a relationship with the potential buyer, but will always ultimately end with an attempt to "close the sale"
  • 3. PERSONAL SELLING PROCESS
    • Following are seven steps of personal selling process :-
    • 1. PROSPECTING
    • 2. PRE-APPROACH
    • 3. APPROACH
    • 4. SALES PRESENTATION
    • 5. HANDLING OBJECTIONS
    • 6. CLOSING SALE
    • 7. FOLLOW UP
  • 4. PROSPECTING
    • Prospecting refers to identifying and developing a list of potential clients.
    • Salespeople can seek the names of prospects from a variety of sources including trade shows, commercially-available databases or mail lists, company sales records and in-house databases, public records, referrals, directories, and a wide variety of other sources. Prospecting activities should be clearly structured so that they identify only potential clients who fit the profile and are able, willing, and authorized to buy the product or service.
  • 5. PROSPECTING (cont’d)
    • Once prospecting is underway, it then is up to the sales professional to qualify those prospects to further identify likely customers and screen out poor leads.
  • 6. PRE-APPROA CH
    • Before engaging in the actual personal selling process, sales professionals first analyze all the information they have available to them about a prospect to understand as much about the prospect as possible. During the pre approach phase of the personal selling process, sales professionals try to understand the prospect’s current needs, current use of brands and feelings about all available brands etc..
  • 7. PRE-APPROA CH (cont’d)
    • Another task is to decide on the best approach , which might be a personal visit, a phone call or a letter. The best time should be thought out because many prospects are busy at certain times. Finally a salesperson should plan an overall sales strategy for the account.
  • 8. APPROACH
    • The approach is the actual contact the sales professional has with the prospect.
    • This is the point of the selling process where the sales professional meets and greets the prospect, provides an introduction, establishes rapport that sets the foundation of the relationship, and asks open-ended questions to learn more about the prospect and his or her needs.
  • 9. SALES PRESENTATION
    • During the presentation portion of the selling process, the sales professional tells that product “story” in a way that speaks directly to the identified needs and wants of the prospect. A highly customized presentation is the key component of this step. At this point in the process, prospects are often allowed to hold and/or inspect the product and the sales professional may also actually demonstrate the product.
  • 10. SALES PRESENTATION (cont’d)
    • Audio visual presentations may be incorporated such as slide presentations or product videos and this is usually when sales brochures or booklets are presented to the prospect.
    • Sales professionals should strive to let the prospect do most of the talking during the presentation and address the needs of the prospect as fully as possible by showing that he or she truly understands and cares about the needs of the prospect.
  • 11. HANDLING OBJECTIONS
    • Customer almost always pose objection during the presentation or when asked for order. Objection may be of many types like- not prepared to buy now, objection to the price, delivery schedule or certain product or company characteristics etc.. To handle these objective a salesperson should maintain a positive approach, ask the buyer to clarify the objection, question the buyer in such a way that buyer has to answer his or her own objection or turns the objection into a reason for buying.
  • 12. CLOSING SALE
    • Although technically “closing” a sale happens when products or services are delivered to the customer’s satisfaction and payment is received, for the purposes of our discussion I will define closing as “asking for the order”. Some salesperson lack confidence or feel uncomfortable about asking for a order.
  • 13. CLOSING SALE (cont’d)
    • Closing does not always mean that the sales professional literally asks for the order, it could be asking the prospect how many they would like, what color they would prefer, when they would like to take delivery, etc. Too many sales professions are either weak or too aggressive when it comes to closing.
    • If you are closing a sale, be sure to ask for the order.
  • 14. FOLLOW UP
    • Follow-up is an often overlooked but important part of the selling process. After an order is received, it is in the best interest of everyone involved for the salesperson to follow-up with the prospect to make sure the product was received in the proper condition, at the right time, installed properly, proper training delivered, and that the entire process was acceptable to the customer.
  • 15. FOLLOW UP (cont’d)
    • This is a critical step in creating customer satisfaction and building long-term relationships with customers.
    • If the customer experienced any problems whatsoever, the sales professional can intervene and become a customer advocate to ensure 100% satisfaction. Diligent follow-up can also lead to uncovering new needs, additional purchases, and also referrals and testimonials which can be used as sales tools.
  • 16. Advantages of personal selling
    • Personal selling is a face-to-face activity; customers therefore obtain a relatively high degree of personal attention.
    • The two-way nature of the sales process allows the sales team to respond directly and promptly to customer questions and concerns.
    • Personal selling is a good way of getting across large amounts of technical or other complex product information.
  • 17. Advantages of personal selling (Cont’d)
    • The face-to-face sales meeting gives the sales force chance to demonstrate the product.
    • Frequent meetings between sales force and customer provide an opportunity to build good long-term relationships.
  • 18. Disadvantages of personal selling
    • The main disadvantage of personal selling is the cost of employing a sales force. Sales people are expensive. In addition to the basic pay package, a business needs to provide incentives to achieve sales (typically this is based on commission and/or bonus arrangements) and the equipment to make sales calls (car, travel and subsistence costs, mobile phone etc).
    • In addition, a sales person can only call on one customer at a time. This is not a cost-effective way of reaching a large audience.
  • 19. Qualities of a good salesperson
    • First listen to your customer, understand his or her wants and needs, and only then try to determine whether or not you can deliver the product or services to meet those wants and needs.
    • The best sales people listen much more than they talk.
    • Find out what your prospects want and then give it to them.
    • If you think you cannot make sales then you probably should not even try.
  • 20. The End Thank You