2. Flow of Session
Learning triangle and WTA of the session (5min)
Q n A from pre and post reading (10min)
8 Stages in selling process -
Pre-sales
Prospecting
Pre-approach
Approaching customer
Sales Presentation
Handling customer objections
Closing the sale
Follow up and After sales service
Conclusion (10 min)
3. The Learning Triangle
Purpose
Why
Selling
Process
Where
Why: Significance
of a Concept
To understand the
different stages of
selling process and
identify which stage
require what kind of
effort in various
sectors
Student’s final Purpose: Placements
> Sr. Officer Executive Sales at Anchor Electrical
(4 lpa+ variables)
> Sales Executive at SBI Mutual Funds (4 LPA +
variables)
> Demonstration Specialist at Bose (3 LPA +
variables)
> Sales Executive at CCD Beverage Division (4.5
LPA)
Where: Application of
Concept
At the time of developing a
sales strategy and identifying
all the stakeholders involved in
pre-sales, prospecting,
approach, presentation and
closing of sales.
4. Selling Process – 8 Stages
Presales Prospecting
Pre-
Approach
Approach
Sales
Presentation
Handling
Customer
Objections
Closing the
sales
After Sales
Support
5. Pre Sales
Company Knowledge
• History, Finances,
Management, size,
policies
• Relevant information
required for sales
process
Product Knowledge
• Features, Benefits,
Styles, Origin and
Price
• Extent of product
knowledge sought
and sales training
needed
Competitor’s
Knowledge
• Industry Structure,
Market share,
market behavior and
other policies
• Comparative
information required
for negotiations and
closing
Presales includes understand the market situation and
customer needs
Providing market insights to sales team so that sales
process can be tailor made as per the customer
expectations
It is a research intensive process; also involved
6. Prospecting
Potential
Prospects
(100)
Qualified
Prospects
(50)
Interviews
(35)
Sale (14)
Distinguishing PROSPECTS from
SUSPECTS
Qualifying prospects on the basis of
their buying capacity, financial
transaction capacity, volume of
transaction, special needs, location
preference, future sales, etc.
Identifying primary and secondary
sources of accounts for new
business also part of Prospecting
14% conversion rate is considered
as successful prospecting
MAN – Money, Authority, Need
7. Pre-Approach
Matching needs of the Prospect with the products
and services available with the Sales person
Requires customized sales strategy formulation
Buying routines and procedures followed by
buying organization
Existing business done with competitors
Levels of volume possible
Where, when, why and by whom the products will
be used
Future sales prospects
8. Approach
Approach: Cold Call or Appointment based customer
contact
Customer
Benefit
Approach
Focus on Consumer
benefits – Cost, Profit
& Service
Product
Approach
Focus on physical
elements of products
Referral
Approach
Focus on Third Party
recommendations
Introductory
Approach
Focus on Company &
Sales person -
Relational
•Selling style is extremely important
•Probing or asking the right questions can provide additional
customer insights
•Listening to customer’s verbal and non verbal inputs
•Final objective of achieving order is paramount
9. Sales Presentation
Methods of
Presentation
Canned Presentation: Can’t be
modified; standard material,
covers all issues and information;
NOT SUITABLE for multi product
or repeat selling
Organized Presentation: Sales
person can modify presentation
based on company policies and
guidelines; Responses can be
stereotypical
Tailored Presentation: Most
common in B2B selling; focuses
on customer needs, demands and
profile
AIDA approach for all
manners of Sales
presentations (oral/
written)
Body Language plays
a vital role
Complex selling –
multiple decision
makers and
influencers
10. Handling customer objections
Types of objections
Objection Handling
methods
Lack of MAN –
Denial/Alibi
Blaming or
Justification
Minimizing or
Derogation
No choice or
helplessness
Yes….but
Boomerang – Basing the
pitch on objections
Compensating objections
with superior features/
benefits
Denial – Indirect and
Direct
Another angle method
Comparison method
Price objections:
Breaking down price into
lower units; Low price
alternatives, postponing,
comparing, Sharing costs,
11. Closing the Sale
Assumptive Close – Sales is assumed and further
details are worked into the closing
Caution close – Customer informed about limited
availability of product to initiate close
Implied consent – Sales presentation is followed by
close
Special Induced close – Promotional schemes are
offered
Direct order – Inbound(not preceded by objection
handling)
Choice narrowing – Alternatives are presented to
customer
Ownership suggestion (for high involvement, status
12. Follow up & After Sales
Service
Follow up for generating referrals, repeat sales,
cross selling and up-selling
Relationship building and avoiding cognitive
dissonance
Order continuance and need for post sales
support
Extending warranties, installations and product
related services
Reverse logistics
Feedback collection for sales process refinement
13. Conclusion
Sales process entails understanding customer
needs, mapping products to customer
demands, resolving queries, closing sales and
providing after sales support
Sales process varies in B2B, B2C and Retail
context
Sales process varies from sector to sector
Different stages of sales process can be
executed by the same member of the sales
team or by different members of sales team