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CHAPTER 14 Sales Promotion, Personal Selling, and Sales Management

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1 CHAPTER 14 Sales Promotion, Personal Selling, and Sales Management
M A R K E T I N G Real People, Real Choices Fourth Edition CHAPTER 14 Sales Promotion, Personal Selling, and Sales Management

2 Sales Promotion Mylanta in India Burger King and Spidey Sense Programs that marketers design to build interest in or encourage purchase of a product or service during a specified time period Impressive short term effects No long term sustainability

3 When do you use sales promotions
Create excitement around an event / new product offering / high awareness levels When trial is critical in the buying process To achieve short term sales objectives When brand equity is relatively immune to discounting To liquidate inventory

4 Sales Promotions by Target
Consumers Coupons (Valpak) Samples Contests Bonus packs Premiums Rebates Frequency programs Brand placement POP Cross promos Trade Trade shows Incentive programs Promotional products

5 Brand Placements Practice of integrating specific products and brands into filmed entertainment name brand product is used as a prop or set in TV show or movie increase brand awareness and image 3 types of brand placements visual - brand can be observed on set verbal - actor mentions brand by name hands-on - actor uses or interacts with product

6 Personal Selling Occurs when a company representative contacts a prospect directly regarding a product Critical for many push strategies, B2B products, products that are complex and expensive, and products requiring a “personal touch” 17.4 million in sales by the year 2010

7 Types of Salespeople Order takers Technical specialists Missionary salespeople Team selling

8 Approaches to Personal Selling
Transactional Marketing: The Hard Sell Relationship Selling Winning customers Keeping customers Developing customers

9 The Creative Selling Process
Prospecting and qualifying Preapproach Approach Sales presentation Handling objections Close Follow-up

10 Sales Management Process of planning, implementing, and controlling the personal selling function Setting Sales Force Objectives Creating a Sales Force Strategy Recruiting, Training, Rewarding Salespeople Evaluating the Sales Force

11 Sales Force Compensation
Straight commission plan Commission-with-draw plan Straight salary compensation plan Quota-bonus plan

12 Sales Incentives Leisure trips/travel Merchandise/gifts Recognition dinners Plaques/awards Cash


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