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Selling techniques to increase the likelihood of making sales.

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Presentation on theme: "Selling techniques to increase the likelihood of making sales."— Presentation transcript:

1 Selling techniques to increase the likelihood of making sales.
Marketing Objective 2.09 Selling techniques to increase the likelihood of making sales.

2 STEPS of the SALE 1. Approach Customer 2. Determine Needs
3. Present the Product 4. Overcome Objections 5. Close the Sale 6. Suggestion Selling 7. Build Relationships

3 Approach - The first encounter with a potential customer –
Approach - The first encounter with a potential customer – **establish relationship “sizing up the customer” *** Service approach Asks customer needs help “May I help you?” Most effective when routine or in hurry Greeting approach Greet or welcome to store “Welcome to Cici’s.” Be upbeat and friendly

4 Merchandise approach Combination approach Comments on product
Features / Benefits “That video game is rated E.” Use when customer is looking at item Combination approach Use or 2 or more approaches “Welcome to Hollister, we have a sale on all jeans today.” “That shirt enhances your eyes, would you like to try it on?”

5 2. Determine Needs - find customer’s reasons for buying as early as possible
Observing Nonverbal cues for interest Listening Cues for wants and needs Questioning and Engaging Wants, use, previous experience Open ended More than yes or no answers

6 3. Present the Product What products do you show? No more than 3
(***after you know what they need***) What products do you show? No more than 3 Show a medium-priced product first! If selling versus a competitor, tell them about “comparable features”** Highlight the features and benefits Descriptive adjectives and action verbs Avoid: nice, pretty, & fine

7 4. Handle Objections Objection vs. Excuse Objection based on:
Legitimate reason, doubt, hesitation for not buying Objection vs. Excuse Objection based on: -Need - urgency -Product – color, size, style -Source – past experience -Price – most common -Time – not ready to buy right “now”

8 Substitution Boomerang Question Identify other products to meet needs
“We have the same model in other colors.” Boomerang Toss objection back as a selling point “The engine has be reengineered and has more power.” Question Ask to learn more about the objection “Do you have children?”

9 Superior-point Denial Offset objection with features & benefits
“It is more expensive because of the superior sound system.” Denial Customer is misinformed “The elastic fabric will fit anyone’s foot.”

10 Demonstration Third party Seeing is believing
Let the customer sample or try Third party Customer or celeb testimonies “Susan lost over 50 lbs. with the product.”

11 5. Close – Asking the customer to buy***
Look for buying signals & be ready to close at all times Help customers make decisions Create ownership mentality “You” statements “You will enjoy driving this car on family vacations.”

12 Which – Choose between 2 items
“Which do you prefer, blue or red?” Standing-room only – limited # or price change, create urgency “I can’t promise I will have it tomorrow.” Direct – Ask for sale. “How many can I sign you up for?” Service – Mention services that are included “It is back by a 100% money back guarantee.”

13 6. Suggestion Selling - Selling additional goods to enhance the original purchase
After a commitment to buy Make recommendations Suggestion should be helpful

14 Cross selling – Related merchandise
Buying sneakers, suggest Upselling – lager quantities at a lower prices Buying a McDonalds meal, suggest Special sales opportunities – inform about any sales Buying pants, mention sale on shoes.

15 7. Build Relationships Follow-up Customer service
Ensure satisfaction, call, card, Customer service Handle inquiries and complaints, keep customers satisfies Keeping a client file Useful info. for future reference Evaluate sales efforts What went well?, What can be improved?

16 Describe ways to reaffirm the buyer-seller relationship.
Order processing In retail bag merchandise B2B necessary paperwork Departure Reassuring & thanking the customers Order fulfillment Retail – customer pays E-comm.- payment, packed, shipped Returns, exchanges, & refunds

17 Explain the importance of using a selling process.
Each step may not occur in the same order Each step is critical in building a relationship with the customer and retaining their future business One step might be more important than another based on the **product you are selling and the **client who is buying The sales process can be applied outside out sales, any persuasive situation


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