Personal selling Definition • a person-to-person dialogue between the prospective buyer(s) and the seller => interpersonal, direct communication • very important in B2B markets Forms of personal selling Retail selling = to ultimate customers Field selling = nonretail selling, outside the seller‘s place of business Inside selling = nonretail selling, at seller‘s place of business Telemarketing = telephone as the primary means of communicating with the customers Advantages • face-to-face communication • interactive – mutual reaction, answering the questions, explanation • flexible – buyer can assess the impact of the message, adaptable • prompt feedback – verbal (question, comment), nonverbal (e.g. gestures) • important source of information about customer Disadvantages • limited control over the message (content and delivery) • limited reach • expensive - training, salary... Character of a salesperson • positive attitude, self-confidence, personal motivation, clear goals • ability to empathize in customer • knowledge – product and its features, customer‘s problems and needs The role of the sales people • • • • to solve the customers‘ problem to keep and develop present sales to look for new possibilites for sales service to present and prospective customers, consulting • to represent the company • to support the information flow between the customer and management Types of personal selling tasks Order taking = primarily writing up orders, checking invoices and assuring prompt order processing Order getting = creative selling, to new customers and increase sales to present customers, more time consuming Missionary selling = visit prospective customers, distribute information, and handle questions and complaints (but do not routinely take orders) THE CREATIVE SELLING PROCESS FOLLOWING UP CLOSING THE SALE HANDLING OBJECTIONS MAKING THE SALES PRESENTATION APPROACHING THE PROSPECT IDENTIFYING & QUALIFYING PROSPECTS Identifying and qualifying prospects • Identify prospects who have… – the need to buy – the financial ability to buy – the authority to buy Identifying and qualifying prospects • Finding these prospects? • • • • • • Trade lists Referrals Inquiries Internet visits Government publications Previous customers The approach • Initial contact • Establish rapport • Make a good impression • Problem solver for prospective buyer • Collect information Sales presentation • Tell the product story • AIDA • Use of appropriate sales aids (computers, videos, brochures) • Importance of verbal and non verbal communications Handling objections • • • • • Listen and learn first Yes…but Additional information Counter arguments Change product or service to overcome objection Closing the sale • • • • • Know when to close Trial closing Assumptive closing Straightforward approach Summative approach When would you like to take delivery? Follow up • Make sure all promises have been kept and the customer is satisfied with the purchase • Resolve any problems encountered It’s working perfectly!!! Selling trends • use of customer teams