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Intro to Promotions and Personal Selling

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Presentation on theme: "Intro to Promotions and Personal Selling"— Presentation transcript:

1 Intro to Promotions and Personal Selling
Marketing Principles Unit 11

2 Promotion as Part of the Marketing Mix
Promotion: communicating about products Inform Persuade Remind

3 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

4 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

5 Elements of the Promotional Mix
Advertising Personal selling Public relations Sales promotion

6 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

7 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

8 Personal Selling Requires…
Understanding of… Customers Product Competition Chapter 15

9 Understanding Customers
Being CUSTOMER CENTRIC—EVERYTHING AROUND CONSUMERS Identifying customers Qualifying prospective customers Understanding customer decisions AIDCA Attention Interest Desire Conviction Action

10 Understanding the Product
Product knowledge Communicating product information Feature: attributes about the product Benefit: what about the product will please the customer

11 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.

12 The Selling Process

13 There is a method to the madness!
Generating Leads Approach Determine Needs Demonstrate Answer questions Close Follow

14 Generating Leads Finding possible customers
Requires research or “hitting the pavement” Must make sure that the lead is qualified Willing Able

15 Approach Contact customers, gain their attention and interest, and create a favorable first impression

16 Determine Needs Gather information to determine customers’ needs and how they can be met

17 Demonstrate Present the product in a way that emphasizes customer benefits

18 Answer Questions Overcome objections and ensure the marketing mix meets the customers’ needs

19 Close Obtain a decision to purchase

20 Suggestive Selling Suggesting other purchases that might enhance their product experience

21 Follow-up Continue contact to ensure satisfaction, determine other needs, and build relationships

22 Using the Steps Not all steps are used all the time Depends on…
Type of good/service Customer needs Price

23 Sample Sales Pitch The Bad
The Good! Chapter 15

24 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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