Analyzing the Sales Process

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Presentation transcript:

Analyzing the Sales Process Advertising Analyzing the Sales Process Title slide

Advertising is a paid-for WHAT IS ADVERTISNG? Advertising is a paid-for form of communication. It is the non-personal promotion of a cause, idea, product or service by an identified sponsor attempting to inform, persuade or remind a particular target audience. Notes: Advertising was estimated at more than $300 billion in the United States[1] and $500 billion worldwide[Wikipedia.com Copyright © Texas Education Agency, 2012. All rights reserved.

CONSUMERS AND THEIR NEEDS A CONSUMER IS SOMEONE WHO USES PRODUCTS. CONSUMERS CHOOSE TO BUY ITEMS THAT ARE NEEDS OR WANTS. CONSUMER BEHAVIOR IS EVERYTHING THAT AFFECTS OR IS AFFECTED BY HUMAN CONSUMPTION. Have students give examples of wants and needs they have recently purchased. Copyright © Texas Education Agency, 2012. All rights reserved.

Maslow’s Hierarchy of Needs Go over each part of the pyramid and ask students to give example that you write on the board. Give students the blank picture of the pyramid. They can fill in the notes as you cover the material in class. Copyright © Texas Education Agency, 2012. All rights reserved. UNT in partnership with TEA, Copyright © All rights reserved 2

WANTS Economic Material goods and service Basis of an economy Clothing, housing, cars Hair styling, medical care, airline tickets Non-economic Sunshine Fresh air Exercise Friendship Happiness Copyright © Texas Education Agency, 2012. All rights reserved.

Needs and Wants Needs and wants are unlimited. Needs and wants are only limited by the minds of consumers. Many purchases are related to additional purchases. Businesses respond to needs and wants when they can make a profit. Give examples of add-on sales. When an individual purchases new shoes, they may also purchase a belt that matches the shoes and new socks. Purchasing a new house leads to purchasing appliances and furniture. Copyright © Texas Education Agency, 2012. All rights reserved.

Selling Techniques - Personal Selling-any form of direct contact between a sales person and a customer. Feature-Benefit Selling-Sales that match the characteristics of a products to a customer’s needs and wants. Consultative Selling-Providing solutions to customer’s problems by finding products that meet their needs. Telemarketing-Selling products over the telephone Have students think of the last time someone tried to sell them a product. How was their approach? Was it a positive experience? Did they feel pressured? Role play personnel selling. Copyright © Texas Education Agency, 2012. All rights reserved.

Product Features- May be basic, physical or extended attributes of the product. The most basic feature of a product is its intended use. Consumers look for qualities of a product that differentiate competing brands. Additional features add more value to a products and provide reason for price differences. Role play features and benefits with students Copyright © Texas Education Agency, 2012. All rights reserved.

Product Benefits - Benefits for the customer Advantages or personal satisfaction one gets from the product use Product benefits become selling points for the salesperson. Use slide to continue role-plays. Copyright © Texas Education Agency, 2012. All rights reserved.

Maslow’s Hierarchy of Needs Log in to www.phsbmf.weebly.com and download the PowerPoint (Advertising_and_Sales_Ex) detailing each part of the Maslow’s Hierarchy of Needs pyramid. For each of the five sections find an ad that represents that section and give the reason why you believe that ad represents that section. Copyright © Texas Education Agency, 2012. All rights reserved.