A-STAR week 3 Relationship Selling

“Don’t celebrate closing a sale, Celebrate opening a relationship” - Patricia Fripp

 Today everything in work and sales is relationship Society-Increasing levels of high-tech leads to increase need for high touch to maintain balance Most people are 100% emotional, completely dominated by their feelings The friendship factor is the key to all success in selling Relationship Selling

 Today everything in work and sales is relationship The company’s most valuable asset in the marketplace is its reputation And, your most valuable asset is the same; it’s your reputation

Relationship Selling  Key facts about sales relationship : Sales relationship are hard to form because of amount of competition in marketplace But easy to maintain once formed, if you pay attention to it. The decision to buy is the decision to enter a business (married) relationship with you & your company

Relationship Selling  Key facts about sales relationship : The customer wants a relationship first, before he or she seriously consider your products or services The Law of Indirect Effort, the more you focus on relationship, the more the sales will take care of itself In making sales, relationship is more important to customer than products & services

Relationship Selling  Key facts about sales relationship : “Customer Intimacy” is the key to high, predictable, repeat sales Indifference – (taking your customers for granted) is the main reason for lost customer.

Relationship Selling  The key to relationship selling is trust and high touch.  Relationship is more important where The larger the sale The more people affected The longer the life of product, or the longer the time of decision to buy First time buyers

Relationship Selling  In modern selling, trust and a good relationship lowers perception of risk

Relationship Selling  The most important RULE in relationship selling is effective communication Ask good, well-prepared questions Listen attentively to answer, lean forward, don’t interrupt Pause 3 – 5 seconds before replying. Take time to consider what customer has said Question for clarification “What do you mean?” Feedback, paraphrase what customer has said in your own words

Relationship Selling  Rules of relationship : The sales begin when customer says YES When customer agrees to buy from you, the customer feels that you owe him or her one Your account with the customer is now in a deficit position

Relationship Selling  Rules of relationship : Do something quickly to assure the customer that he or she has made the right decision Send a “Thank you” note Pay special attention to the customer than the sale Set up regular call-back schedule and follow it

Everything in selling today is RELATIONSHIP Top salespeople = relationship experts. They know that quality of relationship is determined by amount of time & energy they invest in that relationship

They are always looking for ways to REASSURE their customers that the relationship is important to them. The more emphasis you put on your sales relationship, the more sales you will make & the more successful you will be

So… review your RELATIONSHIP repair your RELATIONSHIP retain strong RELATIONSHIP for referrals and more sales…