Selling is the process of assisting and/or persuading a prospective customer to buy a commodity or a service or to act favorably on an idea that has commercial significance to the seller.
2. SELLING:
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Selling is the process of assisting and/or
persuading a prospective customer to buy a
commodity or a service or to act favorably on an
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idea that has commercial significance to the
seller.
Final outcome in the form of favorable
action.
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3. BEST SELLERS’ SELLING
APPROACH
•Satisfied customers base
•Long-term business relationships
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•Repeat business with your ‘ regular’
customers
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• Enthusiastic referrals to new
prospects
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People buy for their own reasons,
not for yours.
5. 3PHASES SALES CALL
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Phase 1- Getting Information:
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Phase 2- Giving Information
Phase 3- Getting Commitment
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6. PHASE 1: GETTING
INFORMATION
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Involves learning about you customer’s business to
understand her situation
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- finding out customer’s reason for being interested in
doing business with you.
This is where every good sales call begins….
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7. 12/26/12
Find out the Customer’s real pain.
Learn to ask questions and stop “pitching.”
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Teach your sales people the 70/30 rule . . .your
Customer should be talking70% of the time and
the sales rep should be talking 30% or less.
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8. PHASE II: GIVING INFORMATION
Involves describing and demonstrating
your product/service, but only in relation to the needs
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of customer.
Giving him the information he needs to make a
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sound decision.
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9. PHASE III : GETTING
COMMITMENT
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Resolving uncertainties so that the two of you share
commitment to the buy/sell process.
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No set order to these phases
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THE INDIVIDUAL DECISION PROCESS: J.P.
Book The Nature of Human Intelligence
GUILFORD
11. SALES REPS’ BIGGEST MISTAKES
138 customers, Business-to-business purchases, large North American
companies, different industries
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12. HANDLING OBJECTIONS:
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Real Objections: related to company, product, price,
time and quality..
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Listen to the buyers’ feeling
Share the concerns without Judgment
Clarify the real issue with questions
Present options and solutions
Ask for action to determine the commitment.
Pseudo-Objections ???
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13. WHEN CUSTOMERS’ PLAY HARD
BALL….
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In sales as in diplomacy , never fear to negotiate
and never negotiate out of fear…
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14. 1. Knowing your walk away and building the
variables you can work with:
Focus on variables – where customer’s interest and
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your own have more in common. Find WIN_WIN
situation.
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2. When under attack , listen:
No defense, No counter attack- The best response , is
to keep customer talking, and for two good
reasons:
a)New information- increase the room for movement
and variables
b)Listening without defending- defuse anger
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15. 12/26/12
3. Keep track of issues requiring discussion:
it reassure customers that your are serious , concern
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and listening to their arguments.
4. Assert your company’s needs:
Too much empathy- too much concessions
Win-Win
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16. 5. Commit to a solution if it works for both
parties:
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Wrap up issues tentatively- It is difficult to take back
a concession- ” we agree to do X , provided we can
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come up with a suitable agreement on Y and Z
6. Save the hardest issues for the last:
when a lot of points to negotiate- don’t start with the
toughest.
1. resolving easier issues first creates momentum,
confidence and trust on each others.
2. resolving easier issues may uncover additional
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variables.
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7. Start high and concede slowly:
customers want return on their negotiation investment – in the
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situation when customer wants to barter, start off with
something you can afford to loose.
8. Don’t be trapped by emotional blackmail:
Two useful techniques- when customer uses anger-wittingly or
unwittingly as a manipulative tactic
a. Withdraw: ask for recess, consult with the boss, reschedule
time and venue can change the entire landscape of a
negotiation.
b. listen silently until the tirade is over, than suggest a
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constructive agenda.
18. SELLING STYLE
C
o
n
c Low High
e
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r
n
1 4
C.R = High C.R = High
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f
C.S = Low C.S = High
o
-Not forceful -True Professional
r
High - trouble in objection - Keeps balance between
handling / Closing objective of sales interview
R
-Suitable for after sales and importance of building
e
customer relationship
l
a
t 2 3
i C.R = Low C.R = Low
o C.S = Low C.S = High
n -Not suitable in sales Controls sales call with little
s Low
-Need to be pushed always concern of customer
h -Not suitable for L.R Sales
i
p
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Concern for Sales
19. NEGOTIATION SKILLS
Good negotiator -10 leading characteristics :
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1. Preparation and planning skills
2. Knowledge of subject , matter being negotiated
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3. Ability to think clearly and rapidly under pressure
and uncertainty
4. Ability to express thoughts verbally
5. Listening skills
6. Judgment and general intelligence
7. Integrity
8. Ability to persuade / convince others
9. Patience 19
10. Decisiveness
20. 12/26/12
“ There are two types of persons in an
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organization; one who works for company ;
and those who derives it… “
Happy Selling
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Editor's Notes
Cognition Thinking : In decision making you try to understand situation first. All your senses come into play, bringing raw information into brain. Cognition is a process by which the raw information is given sense and structure; it’s a mental picture of what you are facing.. If you could record this process , cognition would sound like “ what…?, How much..? Where..? When..? Why..? Without clear understanding of a situation, you are like a person locked in a dark room. Cognition thinking is turning light on: it won’t solve any problem by itself, any more than turning on an electric light will unlock a door. It will perform first step of letting you see where you are Divergent Thinking: In divergent thinking decision maker consider variety of solutions that might address his particular needs. It sounds like : How about …?, What if..? , What could …?, Lets consider… Convergent Thinking : Select the best from available options/ Solutions. Three thinking processes are interrelated like sub-programmes of a computer programme.