MARKETING MANAGEMENT Managing Personal Communication 10-1 Chapter Questions • When is a sales force useful? • How do companies manage a sales forces? • How can salespeople improve selling, negotiating, and relationship marketing skills? • What direct channels can companies use? • How should companies do direct marketing? 19-2 RFM Formula for Selecting Prospects Recency Frequency Monetary value 19-3 Types of Telemarketing • Telesales • Teleprospecting • Customer service and technical support 19-4 Sales Tasks • Prospecting • Targeting • Communicating • Selling • Servicing • Information gathering • Allocating 19-5 Steps in Effective Selling Prospecting/Qualifying Preapproach Approach Presentation Overcoming objections Closing Follow-up 19-6 Direct Marketing Channels used to reach and deliver goods and services to customers without using market middlemen. 19-7 Direct Marketing Channels Catalogues Direct mail Telemarketing Web sites Email marketing Mobile devices Interactive TV 19-8 Constructing a Direct-Mail Campaign Establish objectives Select target prospects Develop offer elements Test elements Execute Measure success 19-9 Activity Target Markets and Prospects – Direct market consists of five elements product, offer, medium, distribution method, and creative strategy. – On a scale of 1 to 5 (1 being does not work, 5 being works very well) rank these pieces on these five elements. What is the group’s consensus as to which offers would works the best and why? 19-10 iTunes Affiliate Program 19-11