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Overview of Personal Selling
Module Two Overview of Personal Selling
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Customizing the Sales Approach An Expert’s Viewpoint:
Lisa Gregg, Director of Sales Development for American Express had this to say about customizing the sales approach: “Depending on the application, the card may have hundreds of different benefits. A supermarket manager has different needs than a client in the furniture business. We wanted to create a message to fit the specific needs of our customers.” Sales representatives now input specific customer information, then the database produces sales materials ranging from industry data sheets to Power Point slides that can be used in the sales presentation. Action
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Customizing the Sales Approach An Expert’s Viewpoint:
Result Customers now receive sales presentations based on their unique needs, and American Express has greatly improved the efficiency of its sales organization.
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Evolution of Personal Selling
Peddlers selling door to door served as intermediaries Selling function became more structured As we begin the 21st century, selling continues to develop, becoming more professional and more relational Industrial Revolution Post-Industrial Revolution War and Depression Modern Era 1800s 1900s 2000s Business organizations employed salespeople Selling function became more professional
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Continued Evolution of Personal Selling
Change Salesforce Response Intensified competition More emphasis on developing and maintaining trust-based, long-term customer relationships More emphasis on improving sales productivity Increased use of technology Increased use of lower-cost-per-contact methods More emphasis on profitability objectives
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Continued Evolution of Personal Selling
Change Salesforce Response Demand for in-depth, specialized knowledge as an input to purchase decisions Team selling More emphasis on customer-oriented sales training
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Contributions of Personal Selling: Salespeople and Society
Salespeople help stimulate the economy Salespeople help with the diffusion of innovation
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Contributions of Personal Selling: Salespeople and the Employing Firm
Salespeople generate revenue Salespeople provide market research and customer feedback Salespeople become future leaders in the organization
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Contributions of Personal Selling: Salespeople and the Customer
Salespeople provide solutions to problems Salespeople provide expertise and serve as information resources Salespeople serve as advocates for the customer when dealing with the selling organization
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Contributions of Personal Selling: Buyer Preferences
Industrial buyers prefer to deal with salespeople who: Are honest Understand general business and economic trends, as well as the buyer's business Provide guidance throughout the sales process Help the buyer to solve problems Have a pleasant personality and a good professional appearance Coordinate all aspects of the product and service to provide a total package 8
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Adaptive Selling Although it is the highest cost per contact, personal selling is the only element of the marketing mix where the message can be tailored to the individual buyer.
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Classification of Personal Selling Approaches
Stimulus Response Mental States Need Satisfaction Problem Solving Consultative Selling 14
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Classification of Personal Selling Approaches
Stimulus Response The key idea is that various stimuli can elicit predictable responses. An example of the stimulus response view of selling would be continued affirmation. 14
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Stimulus Response Selling
Salesperson Provides Stimuli Buyer Responses Sought Continue Process until Purchase Decision
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Classification of Personal Selling Approaches
Mental States Assumes the buying process is essentially identical for most buyers Buyers are led through certain mental states AIDA (attention, interest, desire, and action) 14
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Mental States Selling Attention Interest Conviction Desire Action
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Classification of Personal Selling Approaches
Need Satisfaction Based on the notion that the customer is buying to satisfy a need Salesperson uses questioning, probing tactic to uncover important buyer needs 14
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Need Satisfaction Selling
Uncover and Confirm Buyer Needs Present Offering to Satisfy Buyer Needs Continue Selling until Purchase Decision
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Classification of Personal Selling Approaches
Problem Solving An extension of need satisfaction selling Sometimes competitors’ offerings are included as alternatives 14
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Problem Solving Selling
Define Problem Generate Alternative Solutions Evaluate Alternative Solutions Continue Selling until Purchase Decision
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Consultative Selling Business Consultant
The process of helping customers reach their strategic goals by using the products, service, and expertise of the selling organization. Strategic Orchestrator Long-term Ally
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The Sales Process: An Overview
Salesperson Attributes Selling Foundations Selling Strategy Initiating Customer Relationships Developing Customer Relationships Enhancing Customer Relationships
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The Sales Process: Selling Foundations
Salesperson Attributes In order to be successful in today’s global business environment, salespeople must have a solid relationship building foundation. They must: Be Trustworthy and Behave Ethically Possess Excellent Communication Skills Understand Buyer Behavior
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The Sales Process: Selling Strategy
In order to be successful in today’s global business environment, salespeople must also think and act strategically. They must develop strategies for: Their Sales Territory Each Customer Each Sales Call
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Enhancing Customer Relationships
The Sales Process Salesperson Attributes Initiating Customer Relationships Developing Customer Relationships Enhancing Customer Relationships Prospecting Preapproach Presentation Planning Approaching the Customer
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Enhancing Customer Relationships
The Sales Process Salesperson Attributes Initiating Customer Relationships Developing Customer Relationships Enhancing Customer Relationships Sales Presentation Delivery Earning Customer Commitment
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Enhancing Customer Relationships
The Sales Process Salesperson Attributes Initiating Customer Relationships Developing Customer Relationships Enhancing Customer Relationships Adding Value through Follow-up, Self-leadership, and Teamwork
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Why People Chose a Sales Career
Job Security Advancement Immediate feedback Prestige Job Variety Independence Compensation A
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Selling Jobs A Sales Support New Business Existing Business
Inside Sales Direct to Consumer (Retail) Missionary (Detail) Sales A
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Skills for Success in Sales
Empathy Ego Drive Ego Strength Communications skills (oral and written) Enthusiasm A
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