Unit 5 - Selling Chapter 12 – Preparing for the Sale Marketing Plan The 4 p’s of the marketing mix include product, place, price, and promotion. Unit 5 will help apply these aspects to the process of selling. Selling Personal Selling Any form of ____________________________________________________________________ The key factor that sets it apart from other forms of promotion is this two-way communication between the seller and the buyer. Consultative Selling Consultative selling Is _____________________________________ problems by finding products that meet their needs Example: A woman comes to a shoe store and says she is having a problem with feet because she stands all day at work An alert sales person would suggest shoes that offer comfort and support. Feature-benefit selling Feature-Benefit selling _________________________________________________________ to a customer’s needs and wants Many people believe that customers do not buy products; rather they buy what the products will do for them. Product Features Product features May be ____________________________________________________ of the product or purchase A salesperson needs to learn how products features will benefit the customer. Customer Benefits The advantages or ________________________________ a customer will get from a good or service. Buying Motives Rational Motive A conscious, logical reason for a purchase Emotional Motive ___________________________________________ by a customer through association with a product Emotional Motives are feelings such as: Social approval, recognition, power, love, or prestige Many buying decisions involve both Decision Making Extensive decision making Used when there has been ________________________________________________ with an item Limited decision making Used when a person buys goods and services that he or she _____________________ but not regularly Routine decision making Used when a person ____________________________________ about a product Questions What are the purpose and goals of selling? What is consultative selling? 12.2 – Getting Ready to Sell Pre-Approach The _______________________________________________ encounter with potential customers. Study products; know industry trends and competitors, research potential customers, review legal and ethical issues for selling situation. Prospecting Or a lead, ____________________________ Referrals The names of other people who might buy the product. They open the market to potential customers. Endless chain method When __________________________________________ for names of potential customers Some companies will ______________________________________ and gifts for referrals Can anyone think of an example? Cold Canvassing Assignment Potential __________________________________________. Going door to door or through a phone directory for example