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7
Sales Dialogue:
 Creating and
Communicating
     Value
Effective Sales Dialogue
                                                7



Good
salespeople
are very much
like surgeons in
that they are
serious in what
they do and leave
nothing to chance.
Encouraging Buyer Feedback
                                                          7
                                       Commonly used to:
                                       1) Confirm
                                          benefits and
                                          assess buyer’s
                                          level of interest,
                                          and
Check-Backs
                                       2) evaluate the
or Response-                              level to which
Checks:                                   the salesperson
Questions                                 has handled a
salespeople use
throughout a
                                          buyer’s
sales dialogue                            objection.
to generate
feedback from
the buyer.
Creating Customer Value
                                                                                            7
              Salespeople should strive to communicate to the buyer . . .
                   • How the buyer’s needs will be met or how
                     an opportunity can be realized as a
                     result of a purchase.
                   • How the product features translate,
                     in a functional sense, into benefits
                     for the buyer.
              While remembering that . . .
                   • Features may have many benefits.
Confirmed          • Not all features are important to the buyer.
Benefits:
The benefits the   • Not all benefits of a particular feature are important to the buyer.
buyer indicates
are important
and represent
value.
Interesting and Understandable
             Sales Dialogue                                                7
                                        Having a
                                     Smartphone is
Verbal Support                      like having your
                                      own personal
  • Voice Characteristics               secretary.     This Smartphone has
  • Examples and Anecdotes                             the same features as
                                                        these other phones
  • Comparisons and Analogies                          yet it costs 20% less.



           Sales Aids
           The use of printed materials, electronic materials, and
           product demonstrations to engage and involve buyers.
Interesting and Understandable
         Sales Dialogue          7
Interesting and Understandable
         Sales Dialogue          7
Working with Sales Aids:
                                            7
  tate selling point & introduce the sales aid

  resent the sales aid

  xplain the sales aid

  ummarize
Interesting and Understandable
         Sales Dialogue          7
Supporting Product Claims
                                                             7
Proof Providers
  • Statistics – Facts that lend believability to product
    claims.
  • Testimonials – Statements from satisfied customers
    of the selling organization’s products and services
  • Case Histories – A testimonial in a story or anecdotal
    form.
Group Sales Presentations
                                                    7
“When selling to groups, salespeople can expect
tough questions and should prepare accordingly”

“When selling to a group, salespeople should take
every opportunity to pre-sell individual group
members prior to the group presentation”
Sales Tactics for Selling to Groups
                                                       7
• Arrival – Arrive and setup before
  the buying group.
• Eye Contact – Make periodic eye contact with each
  member of the buying group.
• Communication – Solicit opinions and feedback from
  each member of the buying group and avoid taking
  sides.
Handling Questions
             in Group Presentation                     7
• Listen carefully and maintain eye contact with the
  person asking the question.
• Repeat or restate the question as necessary to
  ensure understanding.
• Answer each question succinctly and convincingly.
7
 Addressing
Concerns and
  Earning
Commitment
Sales Resistance (Objection)
                                  7
Anything the buyer says or does
that slows down or stops the
buying process.
Reasons Why
    Prospects Raise Objections                       7
• The prospect wants to avoid the sales interview.
• The salesperson has failed to
  prospect and qualify properly.
• Objecting is a matter of custom.
• The prospect resists change.
• The prospect fails to
  recognize a need.
• Prospect lacks information.
Summary of Reasons Why
Prospects Raise Objections   7
Major Categories of Objections
                                 7
Responding to Need Objections
                                7
Responding to
Product/Service Objections   7
Responding to
Company/Source Objections   7
Responding to Price Objections
                                 7
Responding to Time Objections
                                7
LAARC Method for
      Handling Buyer Resistance   7
1.   Listen
2.   Acknowledge
3.   Assess
4.   Respond
5.   Confirm
Other Methods for
          Handling Buyer Resistance                                       7
• Forestall – Introduce the source of the objection before the prospect
   brings it up.

• Direct Denial – A rather harsh response that the prospect is wrong.
• Indirect Denial – Softening the blow when
   correcting a prospect’s information.

• Translation or Boomerang – Turn a
   reason not to buy (the source of the objection)
   into a reason to buy.

• Compensation          – Counterbalance the
   objection with an offsetting benefit.
Other Methods for
          Handling Buyer Resistance                                7
• Question – Ask the buyer assessment questions to gain a better
   understanding of the what they are objecting to.

• Third Party Reinforcement – Use the opinion or data from a third
   party source to help overcome the objection and
   reinforce the salesperson’s points.

• Feel-Felt-Found – Salesperson relates that
   others actually found their initial opinions to be
   unfounded.

• Coming-to-That – The salesperson tells the
   buyer that he or she will be covering the
   objection later in his or her presentation.
Commitment
                                   7
Often referred to as “closing,”
gaining commitment is the
culmination of the selling
process, it refers to the
prospect’s willingness to make a
purchase from the salesperson.
Guidelines for Earning Commitment
                                                  7
• Look for Commitment Signals
   – “That will get the job done”
   – “I didn’t realize you delivered everyday.”
   – “The price is lower than I thought
     it would be.”

• Ask Trial Commitment Questions
   – “What do you think about what
     we’ve discussed?”
   – “Do you see how this will help
     your organization?”
Guidelines for Earning Commitment
                                                        7
• Resolve “Red Light” Statements Made by
  the Prospect
   – “I’m not sure that will work."
   – “The price is higher than I though it would be.”
   – “Your delivery schedule does not
     work for us.”
   – “I don’t see the advantage of
     going with your proposal.”
Techniques to Earn Commitment
                                7
Techniques to Avoid
                      7

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Week 4 Chapters 7 & 8

  • 1. 7 Sales Dialogue: Creating and Communicating Value
  • 2. Effective Sales Dialogue 7 Good salespeople are very much like surgeons in that they are serious in what they do and leave nothing to chance.
  • 3. Encouraging Buyer Feedback 7 Commonly used to: 1) Confirm benefits and assess buyer’s level of interest, and Check-Backs 2) evaluate the or Response- level to which Checks: the salesperson Questions has handled a salespeople use throughout a buyer’s sales dialogue objection. to generate feedback from the buyer.
  • 4. Creating Customer Value 7 Salespeople should strive to communicate to the buyer . . . • How the buyer’s needs will be met or how an opportunity can be realized as a result of a purchase. • How the product features translate, in a functional sense, into benefits for the buyer. While remembering that . . . • Features may have many benefits. Confirmed • Not all features are important to the buyer. Benefits: The benefits the • Not all benefits of a particular feature are important to the buyer. buyer indicates are important and represent value.
  • 5. Interesting and Understandable Sales Dialogue 7 Having a Smartphone is Verbal Support like having your own personal • Voice Characteristics secretary. This Smartphone has • Examples and Anecdotes the same features as these other phones • Comparisons and Analogies yet it costs 20% less. Sales Aids The use of printed materials, electronic materials, and product demonstrations to engage and involve buyers.
  • 8. Working with Sales Aids: 7 tate selling point & introduce the sales aid resent the sales aid xplain the sales aid ummarize
  • 10. Supporting Product Claims 7 Proof Providers • Statistics – Facts that lend believability to product claims. • Testimonials – Statements from satisfied customers of the selling organization’s products and services • Case Histories – A testimonial in a story or anecdotal form.
  • 11. Group Sales Presentations 7 “When selling to groups, salespeople can expect tough questions and should prepare accordingly” “When selling to a group, salespeople should take every opportunity to pre-sell individual group members prior to the group presentation”
  • 12. Sales Tactics for Selling to Groups 7 • Arrival – Arrive and setup before the buying group. • Eye Contact – Make periodic eye contact with each member of the buying group. • Communication – Solicit opinions and feedback from each member of the buying group and avoid taking sides.
  • 13. Handling Questions in Group Presentation 7 • Listen carefully and maintain eye contact with the person asking the question. • Repeat or restate the question as necessary to ensure understanding. • Answer each question succinctly and convincingly.
  • 14. 7 Addressing Concerns and Earning Commitment
  • 15. Sales Resistance (Objection) 7 Anything the buyer says or does that slows down or stops the buying process.
  • 16. Reasons Why Prospects Raise Objections 7 • The prospect wants to avoid the sales interview. • The salesperson has failed to prospect and qualify properly. • Objecting is a matter of custom. • The prospect resists change. • The prospect fails to recognize a need. • Prospect lacks information.
  • 17. Summary of Reasons Why Prospects Raise Objections 7
  • 18. Major Categories of Objections 7
  • 19. Responding to Need Objections 7
  • 22. Responding to Price Objections 7
  • 23. Responding to Time Objections 7
  • 24. LAARC Method for Handling Buyer Resistance 7 1. Listen 2. Acknowledge 3. Assess 4. Respond 5. Confirm
  • 25. Other Methods for Handling Buyer Resistance 7 • Forestall – Introduce the source of the objection before the prospect brings it up. • Direct Denial – A rather harsh response that the prospect is wrong. • Indirect Denial – Softening the blow when correcting a prospect’s information. • Translation or Boomerang – Turn a reason not to buy (the source of the objection) into a reason to buy. • Compensation – Counterbalance the objection with an offsetting benefit.
  • 26. Other Methods for Handling Buyer Resistance 7 • Question – Ask the buyer assessment questions to gain a better understanding of the what they are objecting to. • Third Party Reinforcement – Use the opinion or data from a third party source to help overcome the objection and reinforce the salesperson’s points. • Feel-Felt-Found – Salesperson relates that others actually found their initial opinions to be unfounded. • Coming-to-That – The salesperson tells the buyer that he or she will be covering the objection later in his or her presentation.
  • 27. Commitment 7 Often referred to as “closing,” gaining commitment is the culmination of the selling process, it refers to the prospect’s willingness to make a purchase from the salesperson.
  • 28. Guidelines for Earning Commitment 7 • Look for Commitment Signals – “That will get the job done” – “I didn’t realize you delivered everyday.” – “The price is lower than I thought it would be.” • Ask Trial Commitment Questions – “What do you think about what we’ve discussed?” – “Do you see how this will help your organization?”
  • 29. Guidelines for Earning Commitment 7 • Resolve “Red Light” Statements Made by the Prospect – “I’m not sure that will work." – “The price is higher than I though it would be.” – “Your delivery schedule does not work for us.” – “I don’t see the advantage of going with your proposal.”
  • 30. Techniques to Earn Commitment 7