When your product is high involvement, your marketing communications becomes high involvement and that is where direct marketing, relationship & personal selling comes into picture .
A product can be anything that can be offered to the market to satisfy a want or a need.
This article describes the Five Product Levels of Philip Kotler, including examples and a template. After reading you will understand the basics of this powerful product marketing tool. In this article you can also download a free Five Product Levels template.
selling like any other business activities it is a process/ this means that for one to end up making a sale had to go under a certain process hence why this document is guiding you to understand how this personal selling take a process.
International Marketing Management - Promotion & Distribution StrategiesSOMASUNDARAM T
Promotions; international advertising; sales promotion in international markets; international advertising; direct mailing; personal selling; exhibition; generic promotions in international marketing
Global Distribution; distribution as competitive advantage; rationalizing local channels; wholesaling; retailing; global logistics; parallel distribution; global channel design; Entry modes: Licensing, Strategic Alliances, Manufacturing Subsidiaries; optimal entry strategies.
this is ppt presentation on product management . it covers features of product ,product levels ,product classification ,product mix and product life cycle stratagies
A product can be anything that can be offered to the market to satisfy a want or a need.
This article describes the Five Product Levels of Philip Kotler, including examples and a template. After reading you will understand the basics of this powerful product marketing tool. In this article you can also download a free Five Product Levels template.
selling like any other business activities it is a process/ this means that for one to end up making a sale had to go under a certain process hence why this document is guiding you to understand how this personal selling take a process.
International Marketing Management - Promotion & Distribution StrategiesSOMASUNDARAM T
Promotions; international advertising; sales promotion in international markets; international advertising; direct mailing; personal selling; exhibition; generic promotions in international marketing
Global Distribution; distribution as competitive advantage; rationalizing local channels; wholesaling; retailing; global logistics; parallel distribution; global channel design; Entry modes: Licensing, Strategic Alliances, Manufacturing Subsidiaries; optimal entry strategies.
this is ppt presentation on product management . it covers features of product ,product levels ,product classification ,product mix and product life cycle stratagies
This PPT gives a brief outlook of the process of personnel selling and its various stages. For any queries feel free to contact at prateekckc@yahoo.co.in
Workshop 2: Value Chain Development and Inclusive Business Models at The Caribbean-Pacific Agri-Food Forum 2015 (CPAF2015) taking place 2-6 November in Barbados with support from the Intra-ACP Agricultural Policy programme, organized in partnership with the Barbados Agricultural Society (BAS) and the Inter-American Institute for Cooperation on Agriculture (IICA). http://www.cta.int/en/news/caribbean-pacific-agri-food-forum.html
This is a product strategy I designed with some mates for a Uni Entrepreneurship project. It's a gritty representation of my thinking. I didn't have any hand in the finance side.
Needless to say my ideas and communications thereof, are a bit more polished these days. It's always good to look back and learn.
Promotional strategy involves identifying the target audience, determining communication objective, determining the message, budget decisions, and communication mix decision. Participating in international trade fairs and exhibitions also help bring in customers. Personal selling is the most advantageous method of marketing communication.
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A sales person is a tool to get your offering out to prospects and/or customers. It’s true we can control the offering and we can shape the message presented. But it’s the Sales person’s style, presentation and skills that will determine how the customer or prospect will feel about usIT’S NOT WHAT YOU SAY IT IS. IT’S HOW THEY SAY IT
In simple terms, Sales Management means management of selling activities of an organization. • According to the American Marketing association, sales management is ,” the planning, direction, and control of personal selling, including recruiting, selecting, equipping, assigning, routing, supervising paying and motivating as these tasks apply to the personal sales force.”
Once you finish your education and are through with the college ready to take on the challenges of the corporate world here are 10 life rules to help you through and live your life like a rockstar !
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Learn some successful examples of social entrepreneurs in India and how they are impacting the society. Also, discover what it takes to be a social entrepreneur.
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making everything a delightful experience and getting closer to customer to engage them in the process is something which winning companies are adopting. Gamification and App Development solve the purpose. learn the key fundamentals and explore how can they add value.
With advent of the internet and global connectivity, the way business is done is changing, the way we utilize the people and their potential is changing, the way we interact with people is changing. Nobody is a stranger now and we are connected to one another with the network of networks.
Virtual Communities are interaction platforms for the new age millennials and beyond. The presentation explores different dimensions of establishing and fostering such Communities and the way their potential can be harnessed for the process of co-Creation.
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Social Media has emerged as the next big revolution in the world. Changing the way we interact with people and shooting up the speed of information transfer that is happening in the blink of seconds, social media has brought about a revolution.
the presentation explores various mediums of social media that can be harnessed for leveraging maximum benefits.
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People remember 20 percent of what they hear, 30% of what they see and an amazing 70% of what they see & hear, and probably that's the reason why videos are absolute favourites of both the marketers and consumers. The presentation gives key insights on video marketing and how can that be harnessed in the best way to drive results.
We are living in a world where an average user spends 5-6 hours on the handheld device Mobile which has become an indispensable part of life. How can this mini device be used to drive growth, reputation and sales, the presentation examines the fact.
Search Marketing is one of the core aspects of Digital Marketing. Paid or Organic, it is not about the competition between the two...but the way both are utilized in sync to drive SERP traffic onto your website.
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The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
Discover the Simplified Electron and Muon Model: A New Wave-Based Approach to Understanding Particles delves into a groundbreaking theory that presents electrons and muons as rotating soliton waves within oscillating spacetime. Geared towards students, researchers, and science buffs, this book breaks down complex ideas into simple explanations. It covers topics such as electron waves, temporal dynamics, and the implications of this model on particle physics. With clear illustrations and easy-to-follow explanations, readers will gain a new outlook on the universe's fundamental nature.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
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Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
3. Direct Marketing
Direct marketing is a form of personal selling that creates and
establishes an intimate relationship between a seller and an
individual consumer.
Personal selling is a one-on-one or one-on-small group
personal presentation designed to gain commitment from
individuals/agencies to be consumers.
Personal selling Interpersonal influence process involving a seller’s promotional
presentation conducted on a person-to-person basis with the buyer.
4. Direct Marketing Options for Agencies
•Sales presentations, tours and meetings
•Seminars, workshops or training programs
•Door-to-door distribution
•Telemarketing
•Direct sales letters
•Network or multi-level marketing consumer support
centers
•Lead referral programs
•Sales blitzes
•Trade shows
7. Strategic Sales Cycle – Last 5 Steps
Rapport
Development Probe
Support
Summarize
Close
8. THE FOUR SALES CHANNELS
• Channels all include both business-to-business and
direct-to-customer selling.
• Over-the-counter selling Personal selling conducted in retail and some
wholesale locations in which customers come to the seller’s place of business.
• Field selling Sales presentations made at prospective customers’ locations on a
face-to-face basis.
• Telemarketing Promotional presentation involving the use of the telephone on
an outbound basis by salespeople or on an inbound basis by customers who
initiate calls to obtain information and place orders.
• Inside selling Selling by phone, mail, and electronic commerce.
• Firms generally blend sales channels in their sales organization.
9. TRENDS IN PERSONAL SELLING
• Companies rely on three major personal selling approaches
to meet customer needs.
• Relationship selling Regular contacts between sales representatives and
customers over an extended period to establish a sustained buyer-seller
relationship.
• Consultative selling Meeting customer needs by listening to them,
understanding their problems, paying attention to details, and following through
after the sale.
• Team selling Selling situation in which several sales associates or other
members of the organization are recruited to help the lead sales representative
reach all those who influence the purchase decision.
10. SALES TASKS
• Ensuring that buyer’s purchases are in his or her best interest aids the
development of long-term relationships.
• Selling involves three basic tasks:
• Order processing Selling, mostly at the wholesale and retail levels, that
involves identifying customer needs, pointing them out to customers, and
completing orders.
• Creative selling Personal selling that involves situations in which a
considerable degree of analytical decision making on the buyer’s part results
in the need for skillful proposals of solutions for the customer’s needs.
• Missionary selling Indirect type of selling in which specialized
salespeople promote the firm’s goodwill among indirect customers, often by
helping customers use products.
11. CREATIVE SELLING
• Creative selling Personal selling that involves situations in which a
considerable degree of analytical decision making on the buyer’s part results in
the need for skillful proposals of
solutions for the customer’s needs.
• Generally used to develop new business with either new
customers of new products for existing customers.
MISSIONARY SELLING
• Missionary selling Indirect type of selling in which
specialized salespeople promote the firm’s goodwill among
indirect customers, often by helping customers use products.
• Example: Pharmaceutical companies that use free samples,
educational seminars to court doctors.
• May involve both field selling and telemarketing.
12. THE SALES PROCESS
• Steps follow the AIDA concept.
Attention
Interest
Desire
Action
13. PROSPECTING AND QUALIFYING
• Prospecting—identifying potential customers.
• Qualifying—determining that the prospect really is a potential customer.
APPROACH
• Initial contact with prospective customer.
• Use precall planning research to identify how your products might
best meet customer’s needs.
PRESENTATION
• Conveying marketing message to the customer.
• Features-benefits framework focuses on the good or service in terms that
are meaningful to the buyer.
14. DEMONSTRATION
• Buyer has a chance to try a product or see how it works.
HANDLING OBJECTIONS
• Expressions of resistance, such as stalling or indecision, by the prospect are
an opportunity to reassure the buyer or offer suitable alternatives.
CLOSING
• Point at which salesperson asks the prospect for an order.
• Let buyer know you are ready to be of service in the future.
FOLLOW-UP
• Successful sales people turn today’s customers into tomorrow’s by
reinforcing the purchase decision.
• Ensure that customer service needs are met.
15. SUPERVISION
• Span of control—number of sales representatives who report to first-level
sales managers.
MOTIVATION
• Tools include information sharing, recognition, bonuses, and benefits.
• Expectancy theory—motivation depends on the expectations an individual
has of his or her ability to perform the job and on how performance relates
to attaining rewards that the individual values.
COMPENSATION
• Commission—compensation tied directly to the sales or profits the
salesperson achieves.
• Salary—fixed payment made periodically to an employee.
• Many firms combine the features of both commission and salary in their
compensation programs.
16. EVALUATION AND CONTROL
• Managers must set standards and choose the best methods for measuring
sales performance.
• Sales quotas—specified sales or profit targets that the firm expects
salespeople to achieve.
• Other measures include customer satisfaction, profit contribution, share of
product-category sales, and customer retention.
• Evaluations should motivate improved performance.
17. ETHICAL ISSUES IN SALES
• Long-term success requires strong code of ethics.
• Honesty and ethical behavior is encouraged when:
• Employees understand what is expected of them.
• Open communication is encouraged.
• Managers lead by example.
18. Personal Selling
Personal Selling is more
important if...
Customers are
concentrated.
Product is
technically complex.
There are few customers.
Product is custom made.
Product has a high value.
Customers are
geographically dispersed.
Product is
simple to understand.
There are many customers.
Product is standardized.
Product has a low value.
Advertising & Sales Promotion
are more important if...
19. Why Personal Selling is Effective
Detailed explanation or demonstration
Variable sales message
Directed to qualified prospects
Controllable adjustable selling costs
More effective than other promotion in
obtaining sale and gaining customer
satisfaction
Personal
Selling
Advantages
20. Relationship Selling
A sales practice that involves
building, maintaining, and
enhancing interactions with
customers in order to develop
long-term satisfaction through
mutually beneficial partnerships.
Relationship
(Consultative)
Selling
21. Traditional Selling and
Relationship Selling
Traditional
Personal Selling
LO5
Sell advice, assistance, counselSell products
Focus on closing sales
Limited sales planning
Discuss product
Assess “product-specific” needs
“Lone wolf” approach
Pricing/product focus
Short-term sales follow-up
Focus on customer’s bottom line
Sales planning is top priority
Build problem-solving environment
Conduct discovery in scope of operations
Team approach
Profit impact and strategic benefit focus
Long-term sales follow-up
Relationship Selling
22. Relationship Selling vs. Traditional Selling
Initial
Sales
Repeat
Sales
Successive
Sales
Traditional Sales
Relationship Sales
Sales
Increases
Result
From
Creating
Value
23. Steps in the Selling Process
Generate Leads
Qualify Leads
Probe Customer Needs
Develop Solutions
Handle Objections
Close the Sale
Follow Up
25. Cold Calling
A form of lead generation in which
the salesperson approaches
potential buyers without any prior
knowledge of the prospects’ needs
or financial status.
Cold Calling
27. Needs Assessment
A determination of the
customer’s specific needs
and wants and the range of
options a customer has for
satisfying them.
Needs
Assessment
30. Powerful Presentations
Be well prepared
Use eye contact
Ask open-ended questions
Be poised
Use hand gestures and voice inflection
Focus on the customer needs
Incorporate visual elements
Know how to operate the A/V equipment
Make sure the equipment works
PRACTICE, PRACTICE, PRACTICE!
31. Handling Objections
View objections as requests for information
Anticipate specific objections
Investigate the objection with the customer
Be aware of competitors’ products
Stay calm
Use the objection to close the sale