Section 16 Review of the Consultative Sales Process Review Of The Consultative Sales Process Principles of Buyer’s Decisions In selling, certain principles are always present. These are known as The Five Buying Decisions. There is a specific order in which these decisions are made by your prospect. Our sales presentation must match this sequence for making purchase decisions. THE FIVE BUYING DECISIONS ARE: 1. 2. 3. 4. 5. The salesperson The company (Aflac) The product The cost (in time and money) The time to buy If buyers are allowed to make decisions out of order, we usually lose. 179 Review Of The Consultative Sales Process The Nine Acts or Steps of a Sale There are nine acts or steps in the sales process that correspond to the five buying decisions. Act 1 Commitment objective (Set a goal to gain an authorization, schedule an appointment, or get a signed application during this call.) FIRST BUYING DECISION – Sell yourself by following Acts 2, 3, and 4. Act 2 People skills (Sell yourself during the interview by asking open-ended questions. Build rapport.) Act 3 Ask the right questions (Uncover existing needs and offer solutions. Don’t pitch.) Act 4 Agree on needs (Confirm that your prospects understand their needs, and that you understand their needs as well.) SECOND BUYING DECISION – Sell Aflac! Act 5 Sell the company (Sell Aflac and our products and services as the solution to their problem.) THIRD BUYING DECISION – Sell the Product Act 6 Sell the product (Sell them on the benefits and features of your product. The product must meet the prospect’s needs.) FOURTH BUYING DECISION – The Cost (in time and money) Act 7 Ask for commitment (Summarize what it will do for them and quote costs in terms of time and/or money.) FIFTH BUYING DECISION – The time to buy During your presentation, it is important to confirm with the employer whether he/she prefers that you make individual presentations or an employee group presentation. The employer may leave the decision to you. Also determine if the plan is Flex or non-Flex and the current plan’s renewal date. Close the sale! Act 8 Confirm the Sale (The purpose of this step is to avoid buyer’s remorse – also known as FUD – fear, uncertainty, and doubt.) Assure the buyer that he/she has made a wise decision, and that you will provide the best service possible; then schedule the enrollment.) Act 9 Replay the call (Review the call in your own mind so you can duplicate your successes and eliminate your failures.) 180