CHAPTER Day 26 BUS 222 Agenda • Questions? • Assignment 7 Posted (Last one ) – Due May 3 – Marketing Assignment 7.pdf • Marketing plans Due May 10 – 5 min presentation on May 8 – Marketing plan guidelines and example.pdf – BUS 222 Marketing Plan Guidlines.pdf • Discussion on Personal Selling and Sales Management, Last lecture 15-2 Remaining Schedule • Today – Chap 19 Personal Selling and sales management • May 3 – Quiz 7 – Assignment 7 due • May 8 @ 10 AM – Marketing plan presentations • May 10 – Completed marketing plans due @ 3 PM 15-3 CHAPTER PERSONAL SELLING AND SALES MANAGEMENT McGraw-Hill/Irwin 19 Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Personal Selling and Sales Management LEARNING OBJECTIVES LO1 Describe the value added of personal selling. LO2 Define the steps in the personal selling process. LO3 Describe the key functions involved in managing a sales force. LO4 Describe the ethical and legal issues in personal selling. 19-5 Personal Selling 19-6 The Scope and Nature of Personal Selling Internet Telephone Face-to-face Teleconference 19-7 Professional Selling as a Career • People love the lifestyle • There is a lot of flexibility • There is a lot of variety in the job • Can be very lucrative • Very visible to management and good for promotions ©Royalty-Free/Corbis Sales Jobs Website 19-8 Not Just Tupperware 19-9 The Value Added by Personal Selling • Salespeople Provide Information and Advice • Salespeople Save Time and Simplify Buying • Salespeople Build Relationships ©Royalty-Free/Corbis 19-10 The Personal Selling Process 19-11 Step 1: Generate and Qualify Leads Current Customers Trade Shows Sources of Leads Networking Events The Internet 19-12 Generate Leads Cold calls Telemarketing ©Royalty-Free/Corbis 19-13 Step 2: Preapproach Extends the qualification procedure ©Royalty-Free/Corbis Set goals for what is to be accomplished 19-14 Step 3: Sales Presentation and Overcoming Reservations The Presentation Handling Reservations Klaus Tiedge/Blend Images/Getty Images 19-15 Aligning the Personal Selling Process with the B2B Buying Process 19-16 Digital Vision/Getty Images Step 4: Closing the Sale • Getting the order • Often most stressful part of sales process • A “no” one day may be the foundation for a “yes” another 19-17 Step 5: Follow-Up Five Service Quality Dimensions Reliability Responsiveness Assurance Empathy Tangibles 19-18 Check Yourself 1. Why is personal selling important to an IMC strategy? 2. What are the steps in the personal selling process? 19-19 Managing the Sales Force Sales training Motivating and compensating salespeople Recruiting and selecting salespeople Sales force structure Managing the Sales Force Evaluating salespeople 19-20 Sales Force Structure Company sales force Manufacturers representatives (independent agents) Employees Not employees Established product lines Smaller firms New markets 19-21 Salesperson Duties Order getter Order taker Sales support personnel 19-22 Recruiting and Selecting Salespeople Personality Empathy Selfmotivation Optimism Resilience 19-23 Recruiting for Success How does a firm that focuses on a fun product recruit salespeople who exhibit fun? ©Stockbyte/PunchStock 19-24 Sales Training Selling and negotiation techniques Products and service knowledge Technologies used in the selling process Time and territory management Company policies and procedures 19-25 Motivating and Compensating Salespeople GRANTLAND® Copyright Grantland Enterprises; wwwgrantlandnet Financial rewards Nonfinancial rewards 19-26 A Motivational Convention 19-27 Evaluating Salespeople • Tied to the reward structure • Evaluation measures can be either objective or subjective BananaStock/PictureQuest 19-28 Check Yourself 1. What do sales managers need to do to successfully manage their sales force? 2. What is the difference between monetary and nonmonetary incentives? 19-29 Ethical and Legal Issues in Personal Selling The Sales Manager and the Sales Force The Sales Force and Corporate Policy The Salesperson and the Customer 19-30 AP Photo/Charlie Riedel Issues for the Sales Force and Corporate Policy The firm may have a policy to sell goods or services to people who cannot afford them or to people who should not have them. 19-31 Have you ever felt that you were treated unethically by a salesperson? What happened? Royalty-Free/CORBIS Issues for the Sales Person and the Customer 19-32 Check Yourself 1. What are three areas of personal selling in which ethical and legal issues are more likely to arise? 19-33