Fundamentals of Selling
Download
Report
Transcript Fundamentals of Selling
9-1
Chapter
9
Carefully Select Which Sales
Presentation Method to Use
McGraw-Hill/Irwin
Fundamentals of Selling, 10/e
Copyright © 2008 The McGraw-Hill Companies, Inc. All rights reserved.
9-3
Chapter
9
Main Topics
The Tree of Business Life: Presentation
Sales Presentation Strategy
Sales Presentation Methods–Select One
Carefully
The Group Presentation
Negotiating So Everyone Wins
Sales Presentations Go High-Tech
Select the Presentation Method, Then the
Approach
Let’s Review before Moving On!
9-4
The Tree of Business Life:
Presentation Methods
T
T T
T T TT
T T T T
Builds
Guided by The Golden
Rule:
Master the art of creating
Relationships
9-5
effective sales presentations
Have fun presenting your product
Select your presentation method
based on:
Prior knowledge of customer
Sales call objective
Customer benefit plan
You will see that ethical service
builds true relationships
The Sales Presentation
Completely and clearly explains all aspects of
the salesperson’s proposition as it relates to a
buyer’s needs
9-6
There are Several Sales Presentation Methods
and You Must Select One According to Your:
Prior knowledge of the customer
Sales call objective
Customer benefit plan
9-7
Exhibit 9-1: The Third Step in the Sales Process
is the First Step in the Sales Presentation
The sales presentation method
determines how you open your
presentation
9-8
Sales Presentation Strategy
Salespeople face numerous situations
Salesperson to buyer
Salesperson to buyer group
Sales team to buyer group
Conference selling
Seminar selling
9-9
Exhibit 9-2: The Structure of Sales
Presentations
9-10
Exhibit 9-3: Participation Time by Customer and
Salesperson During a Memorized Sales Presentation
9-11
Why Choose the Memorized (Canned)
Sales Presentation Method?
Because it:
Ensures the salesperson gives a well-planned presentation
Ensures all of the company’s salespeople discuss the same
information
Both aides and lends confidence to the inexperienced
salesperson
It is effective when:
Selling time is short, as in door-to-door or telephone selling
The product type is non-technical – such as books, cooking
utensils, or cosmetics
9-12
Why Not to Choose the Memorized
(Canned) Sales Presentation Method?
Because it:
Presents FABs that may not be important to the buyer
Allows for little prospect participation
Is impractical to use when selling technical products that
require prospect input and discussion
Requires the salesperson to proceed quickly through the
sales presentation to the close, resulting in several closes or
requests for the order, which may be interpreted by the
prospect as high pressure selling
9-13
Exhibit 9-4a: Dyno Electric Cart
Memorized Presentation
9-14
Exhibit 9-4b: Dyno Electric Cart
Memorized Presentation
9-15
Exhibit 9-5: Participation Time by a Customer and
Salesperson During a Formula Sales Presentation
9-16
Why Choose the Formula Sales
Presentation Method?
Because you:
Are contacting similar prospects in similar
situations
Know something about the prospect
Have called on the prospect in the past
Want to ensure all information is presented
logically
Want to have reasonable amount of buyer-seller
interaction
9-17
Why Choose the Formula Sales
Presentation Method?, cont…
Because it allows for smooth handling of
anticipated questions and objections
Examples of product types that work well
with this method are:
Consumer goods
Pharmaceutical goods
9-18
Why Not to Choose the Formula
Sales Presentation Method?
Because you:
Do not know the prospect’s needs
See a need for the prospect to talk more
Have a complex selling situation such as:
Selling a technical product
Selling to a group
9-19
The 10-Step Productive Retail Sales
Call, cont...
Step Number
1. Plan the call
2. Review plans
3. Greet personnel
4. Check store
conditions
5. Approach
6. Presentation
7. Close
8. Merchandising
9. Records and reports
10. Analyze the call
9-20
Exhibit 9-6: The 10-Step Productive
Retail Sales Call
9-21
Exhibit 9-7: A Formula Approach
Sales Presentation
9-22
Exhibit 9-8: Participation Time by Customer and Salesperson During
Need-Satisfaction and Problem-Solution Sales Presentations
9-23
Why Choose the Need-Satisfaction
Sales Presentation Method?
Because you:
Need a flexible, interactive sales presentation
Need to uncover needs by asking questions
Need the prospect to talk about his needs
Use this method the first time you call on a
prospect
Should you have to come back a second
time, you would use the formula sales
presentation method
9-24
Why Choose the Need-Satisfaction
Sales Presentation Method?, cont…
Examples of product types that work well with
this method are:
Financial services
Systems
High priced goods/services such as vehicles, real
estate, computer systems, industrial equipment
9-25
Why Not to Choose the Need-Satisfaction
Sales Presentation Method?
Because you:
Need more control over the conversation
Feel should not ask too many questions
Are new to the sales profession
9-26
The Need-Satisfaction Presentation’s
Phases
Need-development phase
Need-awareness phase
Need-fulfillment phase
9-27
Exhibit 9-9a: A
Need-Satisfaction Presentation
9-28
Exhibit 9-9b: A
Need-Satisfaction Presentation
9-29
Exhibit 9-8: Participation Time by Customer and Salesperson During
Need-Satisfaction and Problem-Solution Sales Presentations
9-30
Why Choose the Problem-Solution
Sales Presentation Method?
Because you:
Are selling highly complex or technical products
Are required to make several sales calls to
develop a detailed in-depth analysis of a
prospect’s needs
Need a flexible, customized presentation based on
findings
9-31
The Problem-Solution Presentation’s
Six Steps
Step 1 - Convincing the prospect to allow the
salesperson to conduct the analysis
Step 2 - Making the actual analysis
Step 3 - Agreeing on the problems and determining
that the buyer wants to solve the problem
Step 4 - Preparing the proposal for a solution to the
prospect’s needs
Step 5 - Preparing the sales presentation based on the
analysis and proposal
Step 6 - Making the sales presentation
9-32
What Is the Best Presentation
Method?
Memorized
Formula
Need-satisfaction
Problem-solution
Each of these
methods is the best
one when properly
matched with the
situation
9-33
The Group Presentation
Either you or your team presents the
proposal to a group of decision makers.
The flexibility of the presentation depends on
size:
The larger the group, the more structured your
presentation
You can structure the presentation and provide a
question-and-answer period at the end or during
the presentation
9-34
The Group Presentation Cont…
Give a proper introduction
State your name, company, and proposal
Establish Credibility
Give a brief history of your company
Provide an Account List
Have copies of an account list available
State your Competitive Advantages
Tell the group where your company stands
relative to the competition
9-35
The Group Presentation Cont…
Give Quality Assurances and Qualifications
State Guarantees in the beginning
Cater to the Groups Behavioral Style
Determine the overall dominant style in order to
hold their attention
Get people involved
The proposal
No prices
Summarize Benefits
9-36
Negotiating So Everyone Wins
There are many negotiating styles Cooperative
Competitive
Attitudinal
Organizational
Personal
The experienced sales person will negotiate
in a way that achieves satisfaction for both
parties
9-37
Negotiating So Everyone Wins
Cont…
Phases of Negotiation
Planning- know how your company compares with
the competition.
Meeting- build a relationship that eases the
negotiation process.
Studying- look for benefits you can provide.
Proposing- What you do in the presentation sets
the stage for what may come later.
9-38
Sales Presentations Go High Tech
Videos
CD-ROMs
Satellite conferencing
Computer hardware and software
9-39
Select the Presentation Method,
Then the Approach
Know which method to use before developing
the presentation
Plan the presentation
Select the approach/opening
9-40
The Parallel Dimensions of Selling*
Discussion Sequence
Discuss Product
Prospecting
Show Feature
Explain Advantage
Lead into Benefit
Let Customer Talk
Preapproach
Discuss Product
Present Marketing Plan
Explain Business Proposition
Suggest Purchase
Buyer’s Mental Steps
Money
Authority
Desire
Approach
Attention
Interest
Present Marketing Plan
Presentation
Selling Process
Presentation
Availability, Delivery,
Guarantee, Merchandising,
Installation, Maintenance,
Promotion, Training, Warranty
Desire
Trial Close
Determine Objections
Explain Business Prop
List Price, Shipping Cost,
Discounts, Financing, ROI,
Value Analysis
Meet Objections
Conviction
Trial Close
Suggest Purchase
Close
Product, Quantity, Features,
Delivery, Installation, Price
Action
(Purchase)
Follow-up & Service
9-41
The Golden Rule Makes Sense
Its use sets you apart from all of the other
salespeople who only want to make a sale
and a fast dollar
Treat your prospects and customers as your
business neighbors
9-42
Let’s Review Before Moving On!
It’s important to know that:
Parallel dimensions interact
Discussion sequence
Selling process
Buyer’s mental steps
Discussion sequence
9-43
Summary of Major Selling
Issues
You must master the art of giving a good sales
presentation
The sales presentation method selected should be
based on prior knowledge of the customer, your sales
call objective, and your customer benefit plan
Show that you have a right to present your product
because it has key benefits for the prospect
Many different presentation methods are available
There is no one best method; each one must be
tailored to meet the particular characteristics of a
specific selling situation or environment
9-44