Psychology of Selling

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By Maggie Shutts

Personal Selling

• Salespeople often use terms such as Features to help describe the product to the customer. Customers also want benefits.

• Features- physical characteristics or capabilities of a product

• Benefits- the advantages the could result from features.

Personal Selling

Buying Motives

Maslow’s Hierarchy of Needs

Needs

Physiological

Food

Water

Shelter

Safety or Security

 Phyiscal and mental security

 Once physiological needs are met safety needs emerge

Needs cont.

Social

 Desire to be accepted

 Social Acceptance

Esteem

 Are met by being accepted for contributions made to a group.

Needs

Self- actualization

 Result from a desire within all of us to reach our ultimate level of potential.

Satisfaction of Needs

 Rational Buying Motives

 Rational buying decisions are based on the customers’ logical reasoning.

 Emotional Buying Motives

 Emotional buying motives are based on the desire to have a specific product or service.

Relationship Selling

 Def. –emphasizes the relationship between the salesperson and buyer.

 The salesperson must spend time with the buyer with out expecting of making a sale every time.

Customer Knowledge

The Seller should be able to tell you…

 Where the prospect is currently purchasing the product or service they are selling

 How the purchasing decisions are made at the prospect’s company

 Whether anyone decisions are made at the prospect’s company

 Whether the prospect’s company has ever bought form your company( if you have a business)

 How long the prospect has been with his or her company before buying to build trust with the sales person.

Salesperson

 They should use open- ended questions to help them find the knowledge from the customer to undstand better the type of product that is what they are looking for.

 They also should listen more than they talk .

 Stop talking

 Look at customer

 Leave your emotions behind

 Aviod jumping to conclusions

 Focus on the main points the customer is making

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