MERCHANDISE SALES MANUAL Name _______________ Date _______________ PURPOSE: The purpose of a merchandise sales manual is to provide students the opportunity to research and organize information about a product or service so that they can better present it to the class during a sales presentation. DIRECTIONS: For the past couple of weeks you have been gathering information about a product offered by your training station. During this project, you will be asked to use this information to develop a sales presentation just as a professional salesperson might on the job. Complete each section of this manual as directed. Step - 1 Ladies and Gentlemen, Start Your Engines! In space provided, identify your product as a shopping or specialty good. Explain why. _____________________________________________________________________________________ _____________________________________________________________________________________ Step - 2 Where Do I Go From Here? Identify the sources of information about your product available. Circle the ones that you actually used. LITERATURE - ______________________________ ______________________________ ______________________________ ______________________________ PEOPLE - ______________________________ ______________________________ ______________________________ ______________________________ TRAINING - ______________________________ ______________________________ ______________________________ ______________________________ Step - 3 What is it?? Identify ten features and benefits of your product. Consider the following: Materials Used in Construction Special Processes or Finishes History of the Product/Company Warrantee/Guarantee Maintenance/Durability or Care Customer Service Color, Weight, Size or Capacity Safety Features EXAMPLE: Methods Used in Construction Unique Aspects Availability/Price & Supply flux Price/Savings From Use of Product Competition/Product & Price Payment Plans Grade, Stamp, or Approvals PRODUCT '92 Vet FEATURE Alum. Block FEATURES _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ _______________________________ BENEFIT The alum. block is light enabling the car to go faster and save money on gas BENEFITS _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ _________________________________ Step - 4 "Who Are You???" (Quote: The Who sometime in the late '60s) Describe the most likely customer/consumer for you product. This description comes in two parts, demographic and motivational. Demographics: Demographics are facts about your market - the people most likely to purchase your product. These facts are used by marketing personnel to create promotional materials and decide on which media to use. Using as many of the demographic characteristics listed below, describe the most likely customer/consumers for your product Age Occupation Geographic Location Sex Social Status Religious Affiliation Marital Status Cultural Background Education Income Ethnic Background ______________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Motivational: Buying motives ultimately determine who your prospective customer will be, therefore it is important to know what want or need the customer/consumer wants satisfied when presenting the merchandise. A good salesperson will question and listen early in a sales presentation to determine the specific buying motive. In the space provided, identify five possible buying motives that a customer for your product might have and explain how your product will satisfy their want or need. MOTIVE ______________________ ______________________ ______________________ ______________________ ______________________ APPEAL - ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ Step - 5 "Hi There!" A good approach is essential to improving your chances of closing the sale - think back to the "Contact: Creating Favorable First Impressions" unit. A good approach is not pushy or demanding; it is designed simply to put the customer at ease and to focus them on the purpose of their visit. In the space provided, write out two approach lines that you might use when greeting a prospective customer. In each case, identify the approach used from the ones discussed in class. APPROACH GREETING _______________________ - _______________________________________________ _______________________________________________ _______________________ - _______________________________________________ _______________________________________________ Step - 6 "Getting to Know You . . ." Once you and the customer are at ease, its time to get to business. You should not simply present everything about every product the store sells hoping to hit a nerve, nor should you sit back hoping the customer will tell you what to show him/her; they may not know. Begin by asking some carefully chosen questions and by being quiet and listening. Get the customer to talk about their problems or their wants and needs. Most customers love to talk about themselves and hate to listen to salespeople, so give them what they want - the opportunity to talk and be heard. Its something they may not get from anyone else. List five questions that you could ask early in the sales process that will help you narrow down the customer's wants and needs. PROBING QUESTIONS _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ Step - 7 "What You See Is What You Get" Customers will generally not buy products without seeing them first. It is your job to present the merchandise to the customer in a favorable light - why do you think they put that little green sprig on your dinner plate at fancy restaurants, to eat!? It is also important to remember that how you treat and handle the merchandise will communicate a lot more of what you think about the merchandise than what you say about the product. These are all things to consider during the product demonstration phase of the sales process. In class, we discussed eleven rules for successful product demonstrations. In the space provided, describe how you will use at least five of these rules in your demonstration. Feel free to discuss other ideas on the back of this page. Rule # __ - ____________________________________________________________ ____________________________________________________________ Rule # __ - ____________________________________________________________ ____________________________________________________________ Rule # __ - ____________________________________________________________ ____________________________________________________________ Rule # __ - ____________________________________________________________ ____________________________________________________________ Rule # __ - ____________________________________________________________ ____________________________________________________________ Step - 8 "What do you mean 'NO!'" Can you handle rejection? How did you feel when your friends indicated that they didn't like your idea of pineapple on your last pizza or when that young man/women turned you down when you asked for a date? Most people feel at least slightly hurt when their suggestions are rejected. Successful salespeople have to learn to live with rejection because it is so much a part of their job. They will not make the sale more often than they will even when they really believe that the customer would benefit from making the purchase. A good analogy is professional baseball players; if their batting average is an outstanding .333 it only means they are getting a hit once every three times at bat. A salesperson "batting" .333 would be considered a "star" player for the company. In business, when a prospect indicates a concern or refuses to buy, they are voicing an objection. Good salespeople plan for objections by preparing a response for every conceivable objection. Mentally, they have these responses on file and they pull out the one that matches the customer's objection. Unfortunately, customers can be creative in their objections forcing you to think quickly or they may not always tell you what their concern really is all about. In the space provided, indicate three reasons that a customer might not buy your product and prepare a response to each using the methods for handling objections discussed in class. OBJECTION RESPONSE METHOD _______________________ - _______________________________ - ____________________ _______________________________ _______________________________ _______________________ - _______________________________ - ____________________ _______________________________ _______________________________ _______________________ - _______________________________ - ____________________ _______________________________ _______________________________ Step - 9 "Touchdown!" If you have done everything right up to this point, you will occasionally have a customer who wants to buy your product or service. They may still, however, hesitate. People work hard for their money; they're attached to it; they can be down right stingy about their money. Even after they are convinced that they need what you are offering; it will satisfy their most primary needs; it will solve all of life's problems, they may still hesitate to shell out that cold, hard cash, write that check, take out that loan, or even hand over that credit card. This is considered normal. Your job is to make their decision easier by recognizing their buying signals and helping them to say "yes." Remember, they often want or need you to do this. (This also occurs when one party is trying to get another to agree to a marriage.) In the space provided, indicate two ways that you might help a customer make a buying decision and close the sale. METHOD CLOSING LINE __________________________ - __________________________________________________ __________________________________________________ __________________________ - __________________________________________________ __________________________________________________ Step - 10 "Now, If You Are Really Good . . . " Congratulations! If you are a good salesperson and a little bit lucky, you have made a sale. This will pay the rent and keep you, the wife, and the kids in "beanies and weenies" for another week. But if you are really an exceptional salesperson, you can reach the next level by asking yourself, "what new problems has this guy/gal created by making this purchase?" and then try to solve these new problems. For example, if I buy a suit, I now need shirts and ties to match. If I buy a car, I need insurance. The list can go on and on. The salesperson who can recognize these new problems and suggest items to solve these new problems, communicate the need to the customer, and close the sale is truly the Joe Montana of sales. This process is called "increasing the sale," and refers to the practice of increasing the dollar value of any single customer transaction. It benefits the company, the salesperson, and the customer. In the space provided, list three new problems that the customer might have if they buy your product and the products or services you could offer to solve their problems. PROBLEM NEEDED PRODUCT OR SERVICE ________________________________ - ________________________________________________ ________________________________ - ________________________________________________ Step - 11 Now, Lets Put It All Together! If at all possible, bring your product or service to class and try to sell it to a customer with a want or need for your product. If you can't bring it to class, we will just assume it to be there during your presentation. During your presentation, you will be asked to: 1.) Approach a customer 2.) Determine the customer's wants and needs 3.) Present and demonstrate your product 4.) Overcome the customer's concerns about your product 5.) Close the sale 6.) Increase the dollar value of the sale by suggesting related items BASIC BELIEFS OF RETAIL SELLING A CUSTOMER IS NOTE A COLD STATISTIC BUT A FLESH-AND-BLOOD HUMAN BEING WITH FEELINGS AND EMOTIONS LIKE OUR OWN A CUSTOMER IS A PERSON WHO BRINGS US NEEDS AND WANTS IT IS OUR JOB TO FILL THOSE NEEDS AND WANTS A CUSTOMER DOES US A FAVOR WHEN CALLING ON US WE ARE NOT DOING THEM A FAVOR BY WAITING ON THEM A CUSTOMER IS NOT AN INTERRUPTION OF OUR WORK BUT THE PURPOSE OF IT A CUSTOMER DESERVES THE MOST COURTEOUS AND ATTENTIVE TREATMENT WE CAN GIVE A CUSTOMER IS PART OF OUR BUSINESS NOT AN OUTSIDER A CUSTOMER IS THE MOST IMPORTANT PERSON IN MY BUSINESS MARKETING SALES PRESENTATION PROJECT Part A - Written Outline I.) Approach A.) Write out two different types of approaches that you might use in selling your product. II.) Determine the Customers Wants and Needs A.) Write out five questions that a salesperson might ask a prospect to determine their wants and needs relative to your product. B.) Describe three different buying motives that may cause me to shop for your product. They can be rational or emotional. III.) Feature/Benefit Analysis A.) corresponding benefits. IV.) Create a feature/benefit analysis using at least seven features and their Handling Objections A.) Identify three reasons that a customer might use to object to buying your product. B.) For each of the three reasons, explain briefly how you will overcome the objection. Use three different methods for overcoming objections. V.) Product Presentation and Demonstration A.) Using five of the rules for effective product presentations, explain how you will present your product to the customer. VI.) Closing the Sale A.) Identify three buying signals that may indicate that the customer is ready to buy your product. B.) Explain two ways that you might help the customer make a buying decision. In other words, what are two ways that you may ask for the sale. VII.) Increasing the Sale A.) Identify three related products that you may offer to increase the dollar amount of the sale. Part B - The Sales Presentation I.) II.) Approach a Customer Determine the Customers Wants and Needs III.) Present and Demonstrate Your Product or Service IV.) Overcome the Customer's Objection V.) Close the Sale VI.) Increase the Dollar Amount of the Sale MERCHANDISE SALES MANUEL GRADE MATRIX ________________________________ X STUDENT NAME Wrong Research Features/ Benefits Demographics & Appeal Approac h Questions O Not Done Presentation KEY <Poor Fair Objection s Closing < OK <+ Very Good Increasing the Sale Demonstration TOTAL MERCHANDISE SALES MANUEL GRADE MATRIX ________________________________ X STUDENT NAME Wrong Research Features/ Benefits Demographics & Appeal Approac h Questions O Not Done Presentation KEY <Poor Fair Objection s Closing < OK <+ Very Good Increasing the Sale Demonstration TOTAL MERCHANDISE SALES MANUEL GRADE MATRIX ________________________________ X STUDENT NAME Wrong Research Features/ Benefits Demographics & Appeal Approac h Questions O Not Done Presentation KEY <Poor Fair Objection s Closing < OK <+ Very Good Increasing the Sale Demonstration TOTAL MERCHANDISE SALES MANUAL Evaluation DIRECTIONS: Listed horizontally below are the criteria for the Merchandise Sales Manual. As I reviewed your projects, a check plus would go in the column to indicate that you addressed the criteria very well, a check if you were adequate, a check minus if you missed some items, a "0" if you did a poor job of addressing the item, and an "X" if you did not do it at all or did it wrong. I may also write in the number of points you made versus the number requested. Each criteria was of equal worth or 10 points each. NAME 1 2 3 4 5 6 7 8 9 10 Tot . MERCHANDISE SALES MANUAL Presentation Evaluation STUDENT DIRECTIONS: Listed horizontally below are the criteria for the Merchandise Sales Manual presentation. As you review the other student’s presentations, put a check plus in the column to indicate that they addressed the criteria very well, a check if they were adequate, a check minus if they missed some items, a "0" if they did a poor job of addressing the item, and an "X" if they did not do it at all or did it wrong. DO NOT PUT YOUR NAME ON THE SHEET. NAME APPROACH QUESTIONS PRESENTING OBJECTIONS CLOSING INCREASING MERCHANDISE SALES MANUAL Presentation Evaluation __________________________ NAME During your presentation, you used, as we discussed in class, the following techniques: APPROACH COMMENTS: Service Merchandise Greeting Combination QUESTIONS COMMENTS: Open Closed COMMENTS: PRESENT Respect Creative Questions Dramatic Shown In Use Involve Descriptive Interruptions Selling Aids Practiced Enthusiasm OBJECTIONS COMMENTS: “Yes, But . . .” Boomerang Deny It Inquiry “Show ‘Em” Testimonial “Try It” CLOSING COMMENTS: Asking for Sale Last Chance Standing Room Assumed Question Method Summary “What If . . .” INCREASING COMMENTS: Suggesting Trading Up Other Considerations: * Approached Customer in a Timely Fashion & With Respect * Determined Customer’s Problem or Identified the Customer’s Want or Need * The Presentation Created Desire and/or Gave Proof of the Product’s Promised Benefits, and Demonstrated the Salesperson’s Knowledge of the Product’s Features & Benefits * Confirmed Understanding of the Customer’s Reason for Objecting * Recognized the Customer’s Buying Signal & Acted In a Timely Manner * Found an Logical & Seamless Opportunity to Increase the Dollar Value of the Sale MERCHANDISE SALES MANUAL SCHEDULE DIRECTIONS: Each day, we will be able to see a minimum of five sales presentations a day, maybe more. Please volunteer for a slot on the date indicated. It is important that you are ready on the day scheduled because make-up days are not planned. If we have available time on another day, then you will be given the chance to present, it we don’t have time, you will not and will receive a zero on the project. Please keep your presentation under ten minutes unless you have prior approval. For the best grade possible, it is important that you complete every phase of the sales presentation: APPPROACH DETERMINE WANTS & NEEDS PRESENT THE PRODUCT OVERCOME OBJECTIONS CLOSE THE SALE INCREASE THE SALE You MAY use your notes and any selling aids. As a matter of fact, selling aides are encouraged. I will play along according to the plan in your project. Turn in your written work as you finish your sales presentation. DAY # DATE Presentors DAY 1 - Thurs. MARCH 7th 1. 2. 3. 4. 5. DAY 2 - Fri. MARCH 8th 1. 2. 3. 4. 5. DAY 3 - Mon MARCH 11th 1. 2. 3. 4. 5. DAY 4 - Tues. MARCH 12th 1. 2. 3. 4. 5. 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Step right up, step right up, step right up, c'mon, c'mon, c'mon, c'mon, c'mon Step right up, you can step right up, c'mon and step right up, C'mon and step right up MERCHANDISE SALES MANUAL Name _______________ Date _______________ PURPOSE: The purpose of a merchandise sales manual is to provide students the opportunity to research and organize information about a product or service so that they can better present it to the class during a sales presentation. DIRECTIONS: For the past week you have been asked to think about a product or service offered byLVHS sports or entertainment departments. During this project, you will be asked to use this information to develop a sales presentation just as a professional salesperson might on the job. Complete each section of this manual as directed. Step - 1 Ladies and Gentlemen, Start Your Engines! In space provided, identify your product and why you chose it. _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Step - 2 Where Do I Go From Here? Identify the sources of information about your product available. LITERATURE - ______________________________ ______________________________ ______________________________ ______________________________ - ______________________________ ______________________________ ______________________________ ______________________________ PEOPLE Step - 3 What is it?? Identify five features and benefits of your product. Consider the following: Materials Used in Construction Special Processes or Finishes History of the Product/Company Warrantee/Guarantee Maintenance/Durability or Care Customer Service Color, Weight, Size or Capacity Safety Features FEATURES Methods Used in Construction Unique Aspects Availability/Price & Supply flux Price/Savings From Use of Product Competition/Product & Price Payment Plans Grade, Stamp, or Approvals BENEFITS 1. ______________________________ _________________________________ _______________________________ _________________________________ 2. _____________________________ _________________________________ _______________________________ _________________________________ 3. _____________________________ _________________________________ _______________________________ _________________________________ 4. _____________________________ _________________________________ _______________________________ _________________________________ 5. _____________________________ _________________________________ _______________________________ _________________________________ Step - 4 "Who Are You???" Describe the most likely customer/consumer for you product. _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Step - 5 "Hi There!" A good approach is essential to improving your chances of closing the sale. A good approach is not pushy or demanding; it is designed simply to put the customer at ease and to focus them on the purpose of their visit. In the space provided, describe how you might greet a prospective customer. _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Step - 6 "Getting to Know You . . ." Once you and the customer are at ease, its time to get to business. You should not simply present everything about every product the store sells hoping to hit a nerve, nor should you sit back hoping the customer will tell you what to show him/her; they may not know. Begin by asking some carefully chosen questions and by being quiet and listening. Get the customer to talk about their problems or their wants and needs. Most customers love to talk about themselves and hate to listen to salespeople, so give them what they want - the opportunity to talk and be heard. Its something they may not get from anyone else. List five questions that you could ask early in the sales process that will help you narrow down the customer's wants and needs. PROBING QUESTIONS 1. ______________________________________________________________________________ 2. ______________________________________________________________________________ 3. ______________________________________________________________________________ 4. ______________________________________________________________________________ 5. ______________________________________________________________________________ Step - 7 "What You See Is What You Get" Customers will generally not buy products without seeing them first. It is your job to present the merchandise to the customer in a favorable light. It is also important to remember that how you treat and handle the merchandise will communicate a lot more of what you think about the merchandise than what you say about the product. These are all things to consider during the product demonstration phase of the sales process. Describe how you will show the product or service to the customer and/or verify what you’ve said about the product or service is truthful. _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Step - 8 "What do you mean 'NO!'" Can you handle rejection? How did you feel when your friends indicated that they didn't like your idea of pineapple on your last pizza or when that young man/women turned you down when you asked for a date? Most people feel at least slightly hurt when their suggestions are rejected. Successful salespeople have to learn to live with rejection because it is so much a part of their job. A good analogy is professional baseball players; if their batting average is an outstanding .333 it only means they are getting a hit once every three times at bat. A salesperson "batting" .333 would be considered a "star" player for the company. In business, when a prospect indicates a concern or refuses to buy, they are voicing an objection. Good salespeople plan for objections by preparing a response for every conceivable objection, the cost is too high, it’s not time to buy, they don’t like your company, or they have a concern about your product or service. Mentally, salespeople have responses on file and they pull out the one that matches the customer's objection. . In the space provided, indicate three reasons that a customer might give to not buy your product and prepare a response to each. OBJECTION RESPONSE _______________________ - ____________________________________________________________ ____________________________________________________________ _______________________ - ____________________________________________________________ ____________________________________________________________ _______________________ - ____________________________________________________________ ___________________________________________________________ Step - 9 "Touchdown!" If you have done everything right up to this point, you will often have a customer who wants to buy your product or service. They may still, however, hesitate. People work hard for their money; they're attached to it; they can be down right stingy about their money. Even after they are convinced that . . . 1. 2. 3. they need what you are offering; it will satisfy their most important wants; it will solve all of life's problems, . . . they may still hesitate to shell out that cold, hard cash, write that check, take out that loan, or even hand over that credit card. This is considered normal. Your job is to make their decision easier by recognizing their buying signals and helping them to say "yes." Remember, they often want or need you to do this. (This also occurs when one party is trying to get another to agree to a marriage.) In the space provided, indicate two ways that you might help a customer make a buying decision and close the sale. CLOSING LINEs 1. ______________________________________________________________________________ ______________________________________________________________________________ 2. ______________________________________________________________________________ ______________________________________________________________________________ Step - 10 "Now, If You Are Really Good . . . " Congratulations! If you are a good salesperson and a little bit lucky, you have made a sale. This will pay the rent and keep you, the wife, and the kids in "beanies and weenies" for another week. But if you are really an exceptional salesperson, you can reach the next level by asking yourself, "what new problems has this guy/gal created by making this purchase?" and then try to solve these new problems. For example, if I buy a suit, I now need shirts and ties to match. If I buy a car, I need insurance. The list can go on and on. The salesperson who can recognize these new problems and suggest items to solve these new problems, communicate the need to the customer, and close the sale is truly the Tom Brady of sales. This process is called "increasing the sale," and refers to the practice of increasing the dollar value of any single customer transaction. It benefits the company, the salesperson, and the customer. In the space provided, list three new problems that the customer might have if they buy your product and the products or services you could offer to solve their problems. PROBLEM NEEDED PRODUCT OR SERVICE ________________________________ - ________________________________________________ ________________________________ - ________________________________________________