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Intro to Promotions and Personal Selling
Marketing Principles Unit 11
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Promotion as Part of the Marketing Mix
Promotion: communicating about products Inform Persuade Remind
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Types of Communication
Interpersonal communication Two-way communication Involves two or more people in some kind of person-to-person exchange Mass communication One-way communication Involves communicating to huge audiences, usually through mass media
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Personal Selling One on one communication between sales person/marketer and customer Different from other forms of promotion because all other forms are mass communication
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Elements of the Promotional Mix
Advertising Personal selling Public relations Sales promotion
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The Pro’s and Con’s Disadvantages Advantages Cost per customer
Information Time Flexibility Feedback Persuasion Follow-up Disadvantages Cost per customer Time Control Skill
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When to Use Personal Selling
Complex or expensive products Small target markets New or very unique products Customers located in a limited geographic area Complicated or long decision-making process Customers who expect personal attention and help with decision making
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Personal Selling Requires…
Understanding of… Customers Product Competition Chapter 15
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Understanding Customers
Being CUSTOMER CENTRIC—EVERYTHING AROUND CONSUMERS Identifying customers Qualifying prospective customers Understanding customer decisions AIDCA Attention Interest Desire Conviction Action
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Understanding the Product
Product knowledge Communicating product information Feature: attributes about the product Benefit: what about the product will please the customer
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Understanding the Competition
Salespeople need to understand the differences between their product and the competition’s product. Salespeople need to explain the differences to help customers make the comparison.
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The Selling Process
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There is a method to the madness!
Generating Leads Approach Determine Needs Demonstrate Answer questions Close Follow
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Generating Leads Finding possible customers
Requires research or “hitting the pavement” Must make sure that the lead is qualified Willing Able
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Approach Contact customers, gain their attention and interest, and create a favorable first impression
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Determine Needs Gather information to determine customers’ needs and how they can be met
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Demonstrate Present the product in a way that emphasizes customer benefits
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Answer Questions Overcome objections and ensure the marketing mix meets the customers’ needs
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Close Obtain a decision to purchase
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Suggestive Selling Suggesting other purchases that might enhance their product experience
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Follow-up Continue contact to ensure satisfaction, determine other needs, and build relationships
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Using the Steps Not all steps are used all the time Depends on…
Type of good/service Customer needs Price
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Sample Sales Pitch The Bad
The Good! Chapter 15
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Internet and Personal Selling
Read article with your table. Summarize how the internet is impacting person selling in 1 paragraph. Use complete sentences! No less than 5 sentences! Chapter 15
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