SlideShare a Scribd company logo
Integrated
Marketing
Communication
Advertising
Sales promotion
Personal selling
Direct marketing
Public relations
Events & Experiences
Word of Mouth
SALES PROMOTION
Meaning
īƒ˜Sales promotion consists of a diverse collection of
incentive tools, mostly short term, designed to stimulate
quicker or greater purchase of particular products or
services by consumers or the trade
īƒ˜Sales promotion is an incentive to buy
īƒ˜Objective is to create consumer pull for the brand.
Growing importance of sales promotion
īƒ˜ Helps in securing trial
īƒ˜ Defending shelf space
īƒ˜ Smoothens out the manufacturing capacities
īƒ˜ Opportunity to reach to price sensitive market segments
īƒ˜ Adds excitement to the in-store merchandizing of
consumer goods
īƒ˜ Motivates trade to push the brands
Types of sales promotion
Consumer promotion Trade promotion
Objectives of consumer promotions
īƒ˜ Generate consumer interest, leading to trial
īƒ Free samples, coupons
īƒ New products or mature products
īƒ˜ Generate inquiries from the target customer group
īƒ Mail in coupon, free catalogue, prizes
īƒ˜ Build traffic for a brand at the retail outlet
īƒ Westside Sale, Westside week festival
Objectives of consumer promotions
īƒ˜ Motivate customers to repeat the choice
īƒ First Citizen Club membership
īƒ Aimed at creating brand loyalty
īƒ Basically cumulative purchase , which promises some free
product or redemption points
īƒ˜ Increase rate of purchase
īƒ Multi packs offer
īƒ Maggie
Trade Promotion
The prime objective is to push the product
through marketing intermediaries and also to
get them market the product aggressively
Trade Promotion objectives
īƒ˜ Encouraging trade to build inventory
īƒ special margins or extra merchandise at no additional cost
or may offer extra allowances
īƒ˜ Getting trade’s cooperation in promotions
īƒ Helps to increase the level of interest & motivation of
distributor
īƒ Joint promotions
īƒ Sales contests
īƒ Merchandize allowance
īƒ Subsidy for promotional budgets
īƒ E.g. Fortune cars with Tata Motors
Planning the sales promotion process
1. Review of the product market situation
īƒ  Trends in brand sales, product category sales
īƒ  Level of involvement
īƒ  Consumer purchase patterns
īƒ  Distribution method
Planning the sales promotion process
2. Identification of opportunities & threats
3. Deciding on sales promotion objectives
4. Deciding on sales promotion budgets
5. Implementing controlling & evaluating
Commonly used tools
īƒ˜ Demonstrations
īƒ˜ Trade fairs & exhibitions
īƒ˜ Coupons, free offers & price offs
īƒ˜ Free samples, gifts
īƒ˜ Exchange schemes
īƒ˜ Joint promotion
īƒ˜ Contests
īƒ˜ Merchandising/ displays
PUBLIC RELATIONS
&
PUBLICITY
Meaning
Public Relations involves a variety of programs
designed to promote or protect a company’s image or
its individual products.
PR perform following functions :
īƒ Press relations
īƒ Product publicity
īƒ Corporate communication
īƒ Lobbying
īƒ Counseling
PR - Importance
īƒ˜ Affect public awareness at a fraction of the cost of
advertising
īƒ˜ Company does not pay for the space or time obtained
in the media
īƒ˜ Consumers are five times more likely to be influenced
by editorial copy than by advertising
Marketing Public Relations
īƒ˜ Old name was publicity
īƒ˜ The task of securing editorial space in print &
broadcast media promote or hype a product, service,
idea, place, person or organisation
īƒ˜ Directly support corporate or product promotion and
image making
MPR serves following tasks
īƒ˜ Assisting in the launch of new products
īƒ˜ Assisting in repositioning a mature product
īƒ˜ Building interest in a product category
īƒ˜ Influencing specific target groups
īƒ˜ Defending products that have encountered public
problems
īƒ˜ Building the corporate image in a way that reflects
favorably on its products
Events and Experiences
Events and experiences
īƒ˜Sponsoring events provides companies
with opportunities
īƒ to obtain wider exposure for their brands
īƒ In influencing attitudes towards brands
Events objectives
īƒ˜ To identify with a particular target market or lifestyle
īƒ˜ To increase awareness of company or product/ brand
īƒ˜ To create or reinforce perceptions of key brand image
and associations
īƒ˜ To create experiences and evoke feelings
īƒ˜ To express commitment to the community or on social
issues
īƒ˜ To entertain key clients or reward key employees
DIRECT MARKETING
Meaning
īƒ˜ Is the use of consumer direct channels to reach and
deliver goods and services to consumers without using
marketing middlemen
īƒ˜ Direct marketers can use number of channels to reach
individual prospects
īƒ Direct mail
īƒ Catalog marketing
īƒ Telemarketing
īƒ Interactive TV
īƒ Kiosks
īƒ Websites
īƒ Mobile devices
Direct marketing
īƒ˜ Seek a measurable response, typically a customer
order
īƒ˜ Many direct marketers build long-term relationships
with customers
īƒ E.g Sending birthday cards, information material
Benefits of direct marketing
īƒ˜ Home shopping is fun, convenient & hassle free
īƒ˜ Saves time
īƒ˜ Introduces consumers to large selection of merchandise
īƒ˜ Can do comparative shopping
īƒ˜ If timed properly, DM receives higher readership
īƒ˜ Less visible to competitors
īƒ˜ Cost effective approach
īƒ˜ Can measure responses
Direct Mail
īƒ˜ Sending offer, announcement, reminder or other item
to an individual consumer
īƒ˜ Popular medium it permits target market selectivity
īƒ˜ Can be personalised
īƒ˜ Flexible
īƒ˜ Allows early testing & response measurement
Catalog Marketing
īƒ˜Companies may send a full line
merchandise catalogs, business
catalogs or specialty consumer catalog
īƒ e.g Avon, Amway
Telemarketing
īƒ˜ The use of the telephone and call centers to
attract prospects, sell to existing customers
and provide service by orders and answering
questions
īƒ˜ Increase revenues, reduce selling costs,
improve customer satisfaction
Interactive Marketing
Interactive Marketing
īƒ˜The newest channels for
communicating and selling directly to
customers
īƒ˜Internet provides individualization and
greater interaction
īƒ˜Company can send tailored messages
that engage consumers
Word of Mouth
Buzz marketing
Viral Marketing
PERSONAL SELLING
â€ĸ Sales Management
â€ĸ Managing Sales Force
“Everyone lives by selling something.”
“Understand that you need to sell you and
your ideas in order to advance your career,
gain more respect, and increase your
success, influence and income.”
Personality traits of sales person
īƒ˜ Dominance
īƒ˜ Achievers
īƒ˜ Affiliation
īƒ˜ Creativity
īƒ˜ Exhibitionism
īƒ˜ Problem solving
“To make it in sales, fish for whales!”
I asked my former boss what his comment
about fishing for whales actually meant.
He explained:
“Jim, if you go fishing and you catch 10 goldfish,
you won’t even fill a cup – but if you catch 10
whales, you will fill half the beach!”
Role of Salesperson
īƒ˜ Diagnostic
īƒ˜ Analyst
īƒ˜ Information Provider
īƒ˜ Strategist
īƒ˜ Tactician
īƒ˜ Change agent
Selling Process
1. Opening a call
2. Need exploration
3. Presentation
4. Managing objections
5. Closing call
Designing the sales force
Sales Force Objectives & Strategy
īƒ˜Need to define the specific objectives
īƒ˜Tasks performed by sales people
īƒ Prospecting
īƒ Targeting
īƒ Communicating
īƒ Selling
īƒ Servicing
īƒ Information gathering
īƒ Allocating
Sales Force Structure
īƒ˜ Territorial
īƒ Territory size
īƒ Territory shape
īƒ˜ Product
īƒ˜ Market
īƒ˜ Complex
īƒ Territory –product
īƒ Territory – market
īƒ Product –market
Sales Force Size
īƒ˜ Work load method
īƒ Customers are grouped into classes as per their sales
volume
īƒ Desirable number of calls are established for each class
īƒ Number of accounts in class X call frequency X no of
weeks = Total workload / total annual calls
īƒ Determine expected average number of calls per week
per sales person
īƒ Sales force = total annual calls / the average annual calls
made by sales rep X no of working days.
Sales Force Compensation
īƒ˜ Attractive package
īƒ˜ 4 important aspects
īƒ Fixed
īƒ Variable – commission, bonus, incentives
īƒ Expenses – Lodging, Boarding, dining,
entertainment, mobile, traveling,
īƒ Benefits – LTA, sickness, accidents, pension,
mediclaim etc.
Managing Sales Force
īƒ˜ Recruiting & managing representatives
īƒ˜ Training
īƒ˜ Supervising
īƒ Call norms
īƒ˜ Motivating
īƒ Salary
īƒ Commissions or incentives
īƒ Combination
īƒ˜ Evaluation
If the circus is coming to town and
you paint a sign saying
“Circus Coming to the Fairground Saturday”,
that’s advertising.
If you put the sign on the back of an elephant
and walk it into town,
that’s promotion.
If the elephant walks through the mayor’s flower bed,
that’s publicity.
And if you get the mayor to laugh about it,
that’s public relations.
If the town’s citizens go the circus, you show them
the many entertainment booths, explain how much
fun they’ll have spending money at the booths,
answer their questions and ultimately, they spend a
lot at the circus,
that’s sales.
And, if you planned the whole thing,
that’s Marketing!

More Related Content

What's hot

Integrated Marketing Communication Mix
Integrated Marketing Communication MixIntegrated Marketing Communication Mix
Integrated Marketing Communication MixDeepali Patil
 
Promotion and other tools
Promotion and other toolsPromotion and other tools
Promotion and other toolsabhishek_g
 
Market Promotion strategy
Market Promotion strategyMarket Promotion strategy
Market Promotion strategy
Ravi Yadav
 
Sales Promotion
Sales PromotionSales Promotion
Sales Promotion
Md Shafiqul Azam Chowdhury
 
Sales Promotion
Sales PromotionSales Promotion
Sales PromotionBizzyb09
 
Advertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMCAdvertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMCJudhie Setiawan
 
Ch14 introto business
Ch14 introto businessCh14 introto business
Ch14 introto businessNatalia
 
Sales Promotion & Marketing Sales
Sales Promotion & Marketing SalesSales Promotion & Marketing Sales
Sales Promotion & Marketing Salesyhats07
 
Promotion mix
Promotion mixPromotion mix
Promotion mixRajib Kumar
 
Marketing mix and sale promotion
Marketing mix and sale promotionMarketing mix and sale promotion
Marketing mix and sale promotion
Behshad mehrabi
 
Sales Promotion
Sales Promotion Sales Promotion
Sales Promotion Vivek Sharma
 
Chapter 15 sales promotion (Marketing)
Chapter 15   sales promotion (Marketing)Chapter 15   sales promotion (Marketing)
Chapter 15 sales promotion (Marketing)
Mansoor Muhammad Arif (ACCA-Affiliate)
 
Trends and future of sales promotion
Trends and future of sales promotionTrends and future of sales promotion
Trends and future of sales promotionLeni Ithindi
 
Sales Promotion
Sales PromotionSales Promotion
Business Promotion
Business PromotionBusiness Promotion
Business PromotionShahzad Khan
 
Marketing or promotion expenditure budgets
Marketing or promotion expenditure budgets   Marketing or promotion expenditure budgets
Marketing or promotion expenditure budgets
Guerillateacher
 
Advertising And Promotion
Advertising And PromotionAdvertising And Promotion
Advertising And PromotionVamsi Krishna
 
Promotion by manish badhiye
Promotion  by manish badhiyePromotion  by manish badhiye
Promotion by manish badhiye
Manish Badhiye
 
Cb12e basic ppt ch14
Cb12e basic ppt ch14Cb12e basic ppt ch14
Cb12e basic ppt ch14Eric
 

What's hot (20)

Integrated Marketing Communication Mix
Integrated Marketing Communication MixIntegrated Marketing Communication Mix
Integrated Marketing Communication Mix
 
Promotion and other tools
Promotion and other toolsPromotion and other tools
Promotion and other tools
 
Market Promotion strategy
Market Promotion strategyMarket Promotion strategy
Market Promotion strategy
 
Sales Promotion
Sales PromotionSales Promotion
Sales Promotion
 
Promotional selling pricing
Promotional selling pricingPromotional selling pricing
Promotional selling pricing
 
Sales Promotion
Sales PromotionSales Promotion
Sales Promotion
 
Advertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMCAdvertising & Sales Promotion - IMC
Advertising & Sales Promotion - IMC
 
Ch14 introto business
Ch14 introto businessCh14 introto business
Ch14 introto business
 
Sales Promotion & Marketing Sales
Sales Promotion & Marketing SalesSales Promotion & Marketing Sales
Sales Promotion & Marketing Sales
 
Promotion mix
Promotion mixPromotion mix
Promotion mix
 
Marketing mix and sale promotion
Marketing mix and sale promotionMarketing mix and sale promotion
Marketing mix and sale promotion
 
Sales Promotion
Sales Promotion Sales Promotion
Sales Promotion
 
Chapter 15 sales promotion (Marketing)
Chapter 15   sales promotion (Marketing)Chapter 15   sales promotion (Marketing)
Chapter 15 sales promotion (Marketing)
 
Trends and future of sales promotion
Trends and future of sales promotionTrends and future of sales promotion
Trends and future of sales promotion
 
Sales Promotion
Sales PromotionSales Promotion
Sales Promotion
 
Business Promotion
Business PromotionBusiness Promotion
Business Promotion
 
Marketing or promotion expenditure budgets
Marketing or promotion expenditure budgets   Marketing or promotion expenditure budgets
Marketing or promotion expenditure budgets
 
Advertising And Promotion
Advertising And PromotionAdvertising And Promotion
Advertising And Promotion
 
Promotion by manish badhiye
Promotion  by manish badhiyePromotion  by manish badhiye
Promotion by manish badhiye
 
Cb12e basic ppt ch14
Cb12e basic ppt ch14Cb12e basic ppt ch14
Cb12e basic ppt ch14
 

Similar to Sales promotion1

Principles of marketing chapter-8 promotion (pu)
Principles of marketing chapter-8 promotion (pu)Principles of marketing chapter-8 promotion (pu)
Principles of marketing chapter-8 promotion (pu)
Saroj Khanal
 
Promo selling pricing
Promo selling pricingPromo selling pricing
Promo selling pricingAmanda Knox
 
sales promotion
sales promotionsales promotion
sales promotion
Anuja patil
 
MARKETING-CH10
MARKETING-CH10MARKETING-CH10
MARKETING-CH10
kkjjkevin03
 
Sales Promotions
Sales PromotionsSales Promotions
Sales Promotionsprahladk
 
3.01 PowerPoint
3.01 PowerPoint3.01 PowerPoint
3.01 PowerPointhollyhjames
 
Aqa bus2-marketingpromotion
Aqa bus2-marketingpromotionAqa bus2-marketingpromotion
Aqa bus2-marketingpromotionPeter Sammons
 
Promotional Strategies
Promotional StrategiesPromotional Strategies
Promotional Strategies
Dharshanaa.C Mohan
 
Integrated Marketing Communications (ZiggZ.net)
Integrated Marketing Communications (ZiggZ.net)Integrated Marketing Communications (ZiggZ.net)
Integrated Marketing Communications (ZiggZ.net)
Htet Zan Linn
 
Mmi marketing 3
Mmi marketing 3Mmi marketing 3
Mmi marketing 3gatecomro
 
Intro to marketing - Pic.Sell
Intro to marketing - Pic.SellIntro to marketing - Pic.Sell
Intro to marketing - Pic.Sell
Dalia Ayman Ahmed
 
Integrated marketing & marketing communicatio
Integrated  marketing & marketing communicatioIntegrated  marketing & marketing communicatio
Integrated marketing & marketing communicatio
Roshan Paudel
 
Fashionmktingwk15 Review
Fashionmktingwk15   ReviewFashionmktingwk15   Review
Fashionmktingwk15 Review
janemonkey
 
Mktg 4.03 and_4.04_marketing___pr_(mba)
Mktg 4.03 and_4.04_marketing___pr_(mba)Mktg 4.03 and_4.04_marketing___pr_(mba)
Mktg 4.03 and_4.04_marketing___pr_(mba)
Fadhillah Rojabhy
 
Sales promotion
Sales promotionSales promotion
Sales promotionbalajislide
 

Similar to Sales promotion1 (20)

Promotion mix
Promotion mixPromotion mix
Promotion mix
 
Principles of marketing chapter-8 promotion (pu)
Principles of marketing chapter-8 promotion (pu)Principles of marketing chapter-8 promotion (pu)
Principles of marketing chapter-8 promotion (pu)
 
Promo selling pricing
Promo selling pricingPromo selling pricing
Promo selling pricing
 
sales promotion
sales promotionsales promotion
sales promotion
 
MARKETING-CH10
MARKETING-CH10MARKETING-CH10
MARKETING-CH10
 
Sales Promotions
Sales PromotionsSales Promotions
Sales Promotions
 
Promotion
PromotionPromotion
Promotion
 
3.01 PowerPoint
3.01 PowerPoint3.01 PowerPoint
3.01 PowerPoint
 
Sp
SpSp
Sp
 
Aqa bus2-marketingpromotion
Aqa bus2-marketingpromotionAqa bus2-marketingpromotion
Aqa bus2-marketingpromotion
 
Promotion
PromotionPromotion
Promotion
 
Promotional Strategies
Promotional StrategiesPromotional Strategies
Promotional Strategies
 
Integrated Marketing Communications (ZiggZ.net)
Integrated Marketing Communications (ZiggZ.net)Integrated Marketing Communications (ZiggZ.net)
Integrated Marketing Communications (ZiggZ.net)
 
Mmi marketing 3
Mmi marketing 3Mmi marketing 3
Mmi marketing 3
 
Intro to marketing - Pic.Sell
Intro to marketing - Pic.SellIntro to marketing - Pic.Sell
Intro to marketing - Pic.Sell
 
Integrated marketing & marketing communicatio
Integrated  marketing & marketing communicatioIntegrated  marketing & marketing communicatio
Integrated marketing & marketing communicatio
 
4604431
46044314604431
4604431
 
Fashionmktingwk15 Review
Fashionmktingwk15   ReviewFashionmktingwk15   Review
Fashionmktingwk15 Review
 
Mktg 4.03 and_4.04_marketing___pr_(mba)
Mktg 4.03 and_4.04_marketing___pr_(mba)Mktg 4.03 and_4.04_marketing___pr_(mba)
Mktg 4.03 and_4.04_marketing___pr_(mba)
 
Sales promotion
Sales promotionSales promotion
Sales promotion
 

Sales promotion1

  • 1. Integrated Marketing Communication Advertising Sales promotion Personal selling Direct marketing Public relations Events & Experiences Word of Mouth
  • 2.
  • 4. Meaning īƒ˜Sales promotion consists of a diverse collection of incentive tools, mostly short term, designed to stimulate quicker or greater purchase of particular products or services by consumers or the trade īƒ˜Sales promotion is an incentive to buy īƒ˜Objective is to create consumer pull for the brand.
  • 5. Growing importance of sales promotion īƒ˜ Helps in securing trial īƒ˜ Defending shelf space īƒ˜ Smoothens out the manufacturing capacities īƒ˜ Opportunity to reach to price sensitive market segments īƒ˜ Adds excitement to the in-store merchandizing of consumer goods īƒ˜ Motivates trade to push the brands
  • 6. Types of sales promotion Consumer promotion Trade promotion
  • 7. Objectives of consumer promotions īƒ˜ Generate consumer interest, leading to trial īƒ Free samples, coupons īƒ New products or mature products īƒ˜ Generate inquiries from the target customer group īƒ Mail in coupon, free catalogue, prizes īƒ˜ Build traffic for a brand at the retail outlet īƒ Westside Sale, Westside week festival
  • 8. Objectives of consumer promotions īƒ˜ Motivate customers to repeat the choice īƒ First Citizen Club membership īƒ Aimed at creating brand loyalty īƒ Basically cumulative purchase , which promises some free product or redemption points īƒ˜ Increase rate of purchase īƒ Multi packs offer īƒ Maggie
  • 9. Trade Promotion The prime objective is to push the product through marketing intermediaries and also to get them market the product aggressively
  • 10. Trade Promotion objectives īƒ˜ Encouraging trade to build inventory īƒ special margins or extra merchandise at no additional cost or may offer extra allowances īƒ˜ Getting trade’s cooperation in promotions īƒ Helps to increase the level of interest & motivation of distributor īƒ Joint promotions īƒ Sales contests īƒ Merchandize allowance īƒ Subsidy for promotional budgets īƒ E.g. Fortune cars with Tata Motors
  • 11. Planning the sales promotion process 1. Review of the product market situation īƒ  Trends in brand sales, product category sales īƒ  Level of involvement īƒ  Consumer purchase patterns īƒ  Distribution method
  • 12. Planning the sales promotion process 2. Identification of opportunities & threats 3. Deciding on sales promotion objectives 4. Deciding on sales promotion budgets 5. Implementing controlling & evaluating
  • 13. Commonly used tools īƒ˜ Demonstrations īƒ˜ Trade fairs & exhibitions īƒ˜ Coupons, free offers & price offs īƒ˜ Free samples, gifts īƒ˜ Exchange schemes īƒ˜ Joint promotion īƒ˜ Contests īƒ˜ Merchandising/ displays
  • 14.
  • 16. Meaning Public Relations involves a variety of programs designed to promote or protect a company’s image or its individual products. PR perform following functions : īƒ Press relations īƒ Product publicity īƒ Corporate communication īƒ Lobbying īƒ Counseling
  • 17.
  • 18. PR - Importance īƒ˜ Affect public awareness at a fraction of the cost of advertising īƒ˜ Company does not pay for the space or time obtained in the media īƒ˜ Consumers are five times more likely to be influenced by editorial copy than by advertising
  • 19. Marketing Public Relations īƒ˜ Old name was publicity īƒ˜ The task of securing editorial space in print & broadcast media promote or hype a product, service, idea, place, person or organisation īƒ˜ Directly support corporate or product promotion and image making
  • 20. MPR serves following tasks īƒ˜ Assisting in the launch of new products īƒ˜ Assisting in repositioning a mature product īƒ˜ Building interest in a product category īƒ˜ Influencing specific target groups īƒ˜ Defending products that have encountered public problems īƒ˜ Building the corporate image in a way that reflects favorably on its products
  • 22. Events and experiences īƒ˜Sponsoring events provides companies with opportunities īƒ to obtain wider exposure for their brands īƒ In influencing attitudes towards brands
  • 23. Events objectives īƒ˜ To identify with a particular target market or lifestyle īƒ˜ To increase awareness of company or product/ brand īƒ˜ To create or reinforce perceptions of key brand image and associations īƒ˜ To create experiences and evoke feelings īƒ˜ To express commitment to the community or on social issues īƒ˜ To entertain key clients or reward key employees
  • 25. Meaning īƒ˜ Is the use of consumer direct channels to reach and deliver goods and services to consumers without using marketing middlemen īƒ˜ Direct marketers can use number of channels to reach individual prospects īƒ Direct mail īƒ Catalog marketing īƒ Telemarketing īƒ Interactive TV īƒ Kiosks īƒ Websites īƒ Mobile devices
  • 26. Direct marketing īƒ˜ Seek a measurable response, typically a customer order īƒ˜ Many direct marketers build long-term relationships with customers īƒ E.g Sending birthday cards, information material
  • 27. Benefits of direct marketing īƒ˜ Home shopping is fun, convenient & hassle free īƒ˜ Saves time īƒ˜ Introduces consumers to large selection of merchandise īƒ˜ Can do comparative shopping īƒ˜ If timed properly, DM receives higher readership īƒ˜ Less visible to competitors īƒ˜ Cost effective approach īƒ˜ Can measure responses
  • 28. Direct Mail īƒ˜ Sending offer, announcement, reminder or other item to an individual consumer īƒ˜ Popular medium it permits target market selectivity īƒ˜ Can be personalised īƒ˜ Flexible īƒ˜ Allows early testing & response measurement
  • 29. Catalog Marketing īƒ˜Companies may send a full line merchandise catalogs, business catalogs or specialty consumer catalog īƒ e.g Avon, Amway
  • 30. Telemarketing īƒ˜ The use of the telephone and call centers to attract prospects, sell to existing customers and provide service by orders and answering questions īƒ˜ Increase revenues, reduce selling costs, improve customer satisfaction
  • 32. Interactive Marketing īƒ˜The newest channels for communicating and selling directly to customers īƒ˜Internet provides individualization and greater interaction īƒ˜Company can send tailored messages that engage consumers
  • 33. Word of Mouth Buzz marketing Viral Marketing
  • 34.
  • 35. PERSONAL SELLING â€ĸ Sales Management â€ĸ Managing Sales Force
  • 36. “Everyone lives by selling something.” “Understand that you need to sell you and your ideas in order to advance your career, gain more respect, and increase your success, influence and income.”
  • 37. Personality traits of sales person īƒ˜ Dominance īƒ˜ Achievers īƒ˜ Affiliation īƒ˜ Creativity īƒ˜ Exhibitionism īƒ˜ Problem solving
  • 38. “To make it in sales, fish for whales!” I asked my former boss what his comment about fishing for whales actually meant. He explained: “Jim, if you go fishing and you catch 10 goldfish, you won’t even fill a cup – but if you catch 10 whales, you will fill half the beach!”
  • 39. Role of Salesperson īƒ˜ Diagnostic īƒ˜ Analyst īƒ˜ Information Provider īƒ˜ Strategist īƒ˜ Tactician īƒ˜ Change agent
  • 40. Selling Process 1. Opening a call 2. Need exploration 3. Presentation 4. Managing objections 5. Closing call
  • 42. Sales Force Objectives & Strategy īƒ˜Need to define the specific objectives īƒ˜Tasks performed by sales people īƒ Prospecting īƒ Targeting īƒ Communicating īƒ Selling īƒ Servicing īƒ Information gathering īƒ Allocating
  • 43. Sales Force Structure īƒ˜ Territorial īƒ Territory size īƒ Territory shape īƒ˜ Product īƒ˜ Market īƒ˜ Complex īƒ Territory –product īƒ Territory – market īƒ Product –market
  • 44. Sales Force Size īƒ˜ Work load method īƒ Customers are grouped into classes as per their sales volume īƒ Desirable number of calls are established for each class īƒ Number of accounts in class X call frequency X no of weeks = Total workload / total annual calls īƒ Determine expected average number of calls per week per sales person īƒ Sales force = total annual calls / the average annual calls made by sales rep X no of working days.
  • 45. Sales Force Compensation īƒ˜ Attractive package īƒ˜ 4 important aspects īƒ Fixed īƒ Variable – commission, bonus, incentives īƒ Expenses – Lodging, Boarding, dining, entertainment, mobile, traveling, īƒ Benefits – LTA, sickness, accidents, pension, mediclaim etc.
  • 46. Managing Sales Force īƒ˜ Recruiting & managing representatives īƒ˜ Training īƒ˜ Supervising īƒ Call norms īƒ˜ Motivating īƒ Salary īƒ Commissions or incentives īƒ Combination īƒ˜ Evaluation
  • 47. If the circus is coming to town and you paint a sign saying “Circus Coming to the Fairground Saturday”, that’s advertising.
  • 48. If you put the sign on the back of an elephant and walk it into town, that’s promotion.
  • 49. If the elephant walks through the mayor’s flower bed, that’s publicity.
  • 50. And if you get the mayor to laugh about it, that’s public relations.
  • 51. If the town’s citizens go the circus, you show them the many entertainment booths, explain how much fun they’ll have spending money at the booths, answer their questions and ultimately, they spend a lot at the circus, that’s sales.
  • 52. And, if you planned the whole thing, that’s Marketing!