Futrell/Valvasori, ABC’s of Relationship Selling through Service, 4th Canadian Edition ROLE PLAY – OBJECTIONS Chapter 10 Murray Foster Overview You are a salesperson employed by Murray Foster Pharmaceuticals. Murray Foster is a recognized leader in the treatment of arthritis, asthma, osteoporosis, glaucoma, prostate disease, migraines and infectious diseases. The company manufacturers a number of pharmaceutical items and is constantly conducting research and development. The most recent development is a breakthrough migraine headache remedy that relieves pain instantly and has virtually no side effects. It is not offered on prescription and is a very expensive but effective medication. Product Fact Sheet Product Mi-gone headache remedy. Market This product is effective for anyone who suffers from migraine headaches. It is effective for the occasional sufferer and also for the more serious reoccurring headaches. The Product Product Features Advantages no discomfort related to medication retailer makes substantial profit strong shelf presence consumers will be looking for it reliable and effective results product ingredients stay active No side effects 30% percentage markup Professional packaging Advertising campaign Research and development 3 year expiry date strongest medication non prescription (OTC) Only an OTC in Canada Consumer promotion Coop based on volume up to 5% Trade deal Listing allowance 24 hour relief No contraindications Non addictive excellent for self medication USA tourists will purchase quantity awareness of the customer advertising linked to retailer initial order reduced cost $10,000 available to retailer longer acting medication can be taken with other medications patient will not become addicted ________________________________________________________________ Benefits There is an increasing trend in this type of headache and the related pain is increasing. More consumers are self-medicating. Availability of effective products to treat this problem have been available only through a prescription until now. Customer 1 Role Head Office Buyer – No Need Objection Shopping Drug Cart is a national drug store chain that focuses on pharmacy care and customer satisfaction. You have been a buyer for the head office of this chain for over 10 years in the pain relief category. A listing allowance of $20,000 policy has just been introduced for new suppliers. It is also expected for any new product listings. In the last two years for any new product being presented you must delist an existing product as space on the shelf is very limited. The OTC sections in every store are very tight and it is extremely difficult to bring in any new products. The salesperson from Murray Foster has an appointment to meet with you and discuss their existing products. She also wants to present an exciting new product launch. You perceive no need for a new product but will listen to her presentation. Recent developments in the company have created a focus on profitability and advertising. You have been instructed to maintain a minimum of 35% as a profit margin in the pain relief category and be competitive with product offerings. In addition to this competition has made it necessary to remain price competitive especially in the pain relief category. Customer 2 Role Pharmacist – Source Objection You have been a pharmacist for the Shopping Drub Cart chain for the past 15 years. Over that time you have become an expert in a couple of areas of patient care and pride yourself in being very knowledgeable. Time is of the essence to you every day and so any interruption has to be a valuable interaction. Your father suffered from extreme pain all of his life so you have researched, read and attended many seminars on pain relief. Many of the remedies have side effects and long term addictive potential for the user. You would not recommend these products and would prefer not to carry them in the store. The salesperson from Murray Foster has scheduled an appointment to discuss a new migraine medication. Their last 2 product launches had a major recall in the first 6 months based on consumer complaints. The main complaint was lack of effective relief. Research and development of any medication is extremely important to you. You have not interest in the profitability of a product, trade deals or consumer promotions. You do not trust or respect the company but will listen to the presentation. Customer 3 Role Store Level Buyer – Price Objection You are the Front Store Manager of one of the largest retail locations within the Shopping Drug Cart chain. The main responsibility is to maintain the profitability of the store. Pharmacists control the prescription medications. There are two other areas of the business that generate most of the remaining profit - cosmetics and over the counter medications. The size of your location allows you to purchase large quantities of merchandise that will sell and you are always looking for coop dollars. Trade deals are very important as well as consumer awareness programs. The cosmetics buying is handled by a Cosmetic Manager and you purchase the medications for the OTC section of the store. Pain relief and vitamins are your favourite sections in this category. The local competition has been increasing and you have been forced into lowering prices, which is affecting your profitability. In order to sell most products price reductions have been needed. You have very limited space in this section of the store and maximize every inch on the shelf. It is critical that you carry only the products that consumers are willing to purchase. The salesperson from Murray Foster has an appointment to present a new pain relief product. You may be interested but it needs to be competitively priced. Sales Performance Checklist (Observers Checklist) Yes No Comments Professional Approach Exhibits a professional attitude _____________________ Honest and ethical _____________________ Tries to solve problems _____________________ Presentation Did the salesperson use Persuasive Communication? Ask questions _____________________ Be empathetic _____________________ Keep the message simple _____________________ Create mutual trust _____________________ Listen _____________________ Have a positive attitude and Be enthusiastic _____________________ Be believable _____________________ Did the salesperson get the prospect involved? _____________________ Evidence statements _____________________ Testimonials _____________________ Handling Objections What type of objection is being raised? Stalling _____________________ No-need _____________________ Money objection _____________________ Product _____________________ Source _____________________ Were the four steps followed? Acknowledge _____________________ Identify and clarify _____________________ Meet the objection _____________________ Use a trial close _____________________ Did the salesperson move back into presentation? _____________________ Method of Handling Objection Pass up ____________________ Boomerang _____________________ Direct Denial _____________________ Indirect Denial _____________________ Compensation or Counterbalance Method _____________________ Third part answer _____________________ Did the salesperson effectively overcome the objection? _____________________ How did they overcome the objection?________________________________________________________ ________________________________________________________________