Presentation is loading. Please wait.

Presentation is loading. Please wait.

Relationship Selling Mark W. Johnston Greg W. Marshall McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.

Similar presentations


Presentation on theme: "Relationship Selling Mark W. Johnston Greg W. Marshall McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved."— Presentation transcript:

1 Relationship Selling Mark W. Johnston Greg W. Marshall McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.

2 Prospecting and Sales Call Planning Chapter 5

3 5-3

4 Learning Objectives Describe how to qualify a lead as a prospect Explain why prospecting is important to long-term success in relationship selling List various sources of prospects Prepare a prospecting plan 5-4

5 Learning Objectives Explain call reluctance and point out ways to overcome it Describe elements of the preapproach and why planning activities are important to sales call success Understand the sales manager’s role in prospecting and sales call planning 5-5

6 1. Does the potential prospect appear to have a need for your product or service? 2. Can the potential prospect derive added value from your product in ways that you can deliver? Qualifying the Prospect – 5 Key Questions 5-6

7 3. Can you effectively contact and carry on communication/correspondence with the potential prospect? 4. Does the potential prospect have the means and authority to make the purchase? 5. Does the potential prospect have the financial capability to make the purchase? Qualifying the Prospect – 5 Key Questions 5-7

8 Leadership Classic Prospect Categories 5.1 Donald Trump (Direct) Richard Simmons (Interpersonal) Aunt Bea (Safety/Status Quo) Albert Einstein (Contemplative) 5-8

9 Exhibit From Leads to Customers 5.1 5-9

10 A customer goes out of business Your contacts in a client firm leave Your firm needs to increase revenues A customer moves to a location outside your sales territory Prospecting is a Priority When… 5-10

11 Exhibit Sources of Prospects 5.2 Loyal Customers Internet Networking Cold Calls Endless Chain Referrals Directories Other Prospecting Written Correspon- dence Prospecting by Others in Firm Telemarketing 5-11

12 Leadership Networking 101 5.2 Paradigm shift=>R-Zone “Give first” approach Understand needs Put yourself “at source” 5-12

13 Innovation Technology a Crutch? 5.3 Tech may be most efficient, but is it always most effective for communicating? 5-13

14 Exhibit Trade Shows Rank High in Prospect Development 5.3 5-14

15 Innovation Art of the Cold Call 5.4 Develop methodology to overcome fear Telemarketing Numbers driven Uses scripts Telephone prospecting Results driven Uses practice, knowledge, listening, understanding, familiarization, planning 5-15

16 Steps in a Prospecting Plan Set specific, measurable, attainable goals Study and practice various methods Keep good records Be prompt in follow-up Pay attention to results of your efforts 5-16

17 Overcoming Call Reluctance Sales managers can help salespeople by: Using role plays and exemplar videos Prospecting with salespeople Setting realistic goals Training salespeople to view prospecting as a numbers game Supporting salespeople in targeting long- term clients 5-17

18 Elements of the Preapproach Establish goals for the initial sales call Learn all you can about the prospect Plan to portray the right image Prepare the presentation Determine the approach 5-18

19 Sample First Sales Call Goals To have the prospect: Agree to a demonstration of your product Agree to contact your references Initiate the process to set your company up as a vendor Set up another appointment with you 5-19

20 Exhibit Sample Items to Research Before the Sales Call 5.4 5-20

21 Presentation Planning Items How much technology should I employ, and what types? How formal should the presentation be? How long should it be? How long for Q&A? What materials should I send the prospect in advance and what should I bring with me? 5-21

22 Tips for a Professional Image Dress in business casual if the client suggests it When in doubt, dress up to business attire Ask the prospect about the dress code during the preapproach Never dress down below the client’s level of attire 5-22

23 Dress to Achieve Visit Syms Dress to Achieve websiteSyms Dress to Achieve Visit the “Basics”, “Men” and “Women” sections for general business dress guidelines Visit the “Occupational Wardrobe” section to see specific sales dress information 5-23

24 Role Play 5-24 http://www.mhhe.com/business/marketing/videos/RS/05_RP_prospecting_sales_call.mp4

25 5-25


Download ppt "Relationship Selling Mark W. Johnston Greg W. Marshall McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved."

Similar presentations


Ads by Google