The Process of Selling and Buying Sales and Distribution Management Marketing 3345 Drivers of Change in Selling and Sales Management Building long-term relationships with customers. Creating sales organizational structures that are more nimble and adaptable to the needs of different customer groups. Gaining greater job ownership and commitment from salespeople. Shifting sales management style from commanding to coaching. Leveraging available technology for sales success. Better integrating salesperson performance evaluation. What Customers Expect Responsiveness to needs, problems; provides service. Knowledge of products and customer applications. Customer advocacy; partnership development. Ability to keep customer up-to-date. Quality product/service. What Customers Expect Offer of technical support. Offer of local or easily accessible representation. Ability to provide a total solution. Understanding of customer’s business. Competitive price. How Sellers are Responding Establishing a customer-driven culture. Market segmentation. Market adaptability. Information technology. Customer feedback and measuring customer satisfaction. Sales, service, and technical support systems. Recruiting and selecting salespeople. Training and development. Attractiveness of Sales Careers Autonomy and opportunities for personal initiatives A variety of challenging activities Financial rewards Favorable working conditions Excellent opportunities for development and advancement Source: Christine Galea, “2002 Salary Survey,” Sales & Marketing Management, May 2005, pp. 32–36. © 2005 VNU Business Media. Used with permission. Possible Career Tracks Selling Success Factors Listening skills Follow-up skills Ability to adapt sales style to situation Tenacity Well organized Verbal communication skills Able to interact with people at all levels of an organization Ability to overcome objections Closing skills Personal planning and time management skills Selling Activities Selling Attending conferences and meetings Working with others Servicing the product Training and recruiting Entertaining Managing information Traveling Servicing the account Distribution Matrix of New Selling Activities Communication Sales Relationship Team Technology Nontechnology Email Dictaphone Internet Laptop (CD) Voicemail Cell Phone Pager Web page Newsletters Audiovideo conference Provide tech info Overnight services Maintain virtual office Set up appts Script sales pitch from database Use software for customer background Laptop for presentation VCR for presentation Provide tech ability to customers Web page Conference calls Practice language skills Adaptive selling Conduct research at customers’ site Avoid potential litigation Plan for multiple calls to close deal Sell value-added services Respond to referrals Write thank-yous Target key accounts Pick up sales supplies Consultative sales Listen Ask questions Read body language Sell unique competencies Bring in vendor/alliance Develop relationship Hand-hold customer Write thank-yous Purchase dealers Call on CEOs Build rapport w/ buying center Network Build trust Train brokers Mentor Make sale and turn over to someone else Coordinate with sales support Database Collect new information Enter information on laptop Update customer files Time Management Issues B2C versus B2B Selling Most salespeople are involved in retail selling – selling goods and services to ultimate consumers (B2C) A much larger volume of sales is accounted for by industrial selling, recently referred to as business-tobusiness selling (B2B): Sales to resellers Sales to business users Sales to institutions Types of B2B Jobs Trade selling – increase business by providing customers with merchandising and promotional assistance Missionary selling – persuade customers to buy products from distributors or other wholesale suppliers Technical selling – increase business from by offering current customers technical/engineering assistance New business selling – identify and obtain business from new customers Stages in the Selling Process Prospectin g for Customers Opening the Relationshi p Qualifying the Prospect Presenting the Sales Message Closing the Sale Servicing the Account Participants in the Buying Process (Buying Center) Initiators – perceive a problem or opportunity requiring a new product of service Users –must use or work with the product or service Influencers –provide information for evaluating alternative products or suppliers Gatekeepers – control the flow of information to others Buyers – actually contact the selling organization and place the order Deciders – final authority to purchase Controllers – determine the budget Organizational Buying Decision Stages Anticipate or recognize a problem or need Determine and describe the traits and quality needed Search for and qualify potential suppliers Acquire and analyze proposals/bids Evaluate proposals and select suppliers Select an order routine Perform evaluation and give feedback Organizational Buying Situations New-task purchase – first-time purchase of a complex and expensive product or service Modified rebuy – requires some modification to existing purchase decision and may open the door for new suppliers Straight rebuy – reorder an item purchased many times in the past