Module One Overview of Personal Selling Customizing the Sales Approach An Expert’s Viewpoint: Lisa Gregg, Director of Sales Development for American Express had this to say about customizing the sales approach: “Depending on the application, the card may have hundreds of different benefits. A supermarket manager has different needs than a client in the furniture business. We wanted to create a message to fit the specific needs of our customers.” Sales representatives now input specific customer information, then the database produces sales materials ranging from industry data sheets to Power Point slides that can be used in the sales presentation. Action Customizing the Sales Approach An Expert’s Viewpoint: Result Customers now receive sales presentations based on their unique needs, and American Express has greatly improved the efficiency of its sales organization. American Express: Customizing the Sales Approach Information about customers Presentation Knowledge Base Customized Presentation Customized Presentation Customized Presentation Personal Selling – Defined Personal selling refers to personal communication with a an audience through paid personnel of an organization or its agents in such a way that the audience perceives the communicator’s organization as being the source of the message. Evolution of Personal Selling Peddlers selling door to door . . . served as intermediaries Selling function became more structured 1800s 1900s 2000s Industrial War and As we begin Post-Industrial the 21st century, selling continues toModern develop, Revolution Depression Era becomingRevolution more professional and more relational Business organizations employed salespeople Selling function became more professional Evolution of Personal Selling Peddlers selling door to door . . . served as intermediaries Selling function became more structured 1800s 1900s 2000s Industrial War and As we begin Post-Industrial the 21st century, selling continues toModern develop, Revolution Depression Era becomingRevolution more professional and more relational Business organizations employed salespeople Selling function became more professional Contributions of Personal Selling: Salespeople and Society • Salespeople help stimulate the economy • Salespeople help with the diffusion of innovation Contributions of Personal Selling: Salespeople and the Employing Firm • Salespeople generate revenue • Salespeople provide market research and customer feedback • Salespeople become future leaders in the organization Contributions of Personal Selling: Salespeople and the Customer • Salespeople provide solutions to problems • Salespeople provide expertise and serve as information resources • Salespeople serve as advocates for the customer when dealing with the selling organization Transaction-Focused vs. Relationship Focused Transaction-Focused Relationship-Focused • Short term thinking • Making the sale has priority over most other considerations • Interaction between buyer and seller is competitive • Salesperson is selfinterest oriented • Long term thinking • Developing the relationship takes priority over getting the sale • Interaction between buyer and seller is collaborative. • Salesperson is customeroriented Classification of Personal Selling Approaches • • • • Stimulus Response Selling Mental States Selling Need Satisfaction Selling Problem Solving Selling Stimulus Response Selling Salesperson Provides Stimuli Buyer Responses Sought Continue Process until Purchase Decision Mental States Selling Attention Interest Conviction Desire Action Need Satisfaction Selling Uncover and Confirm Buyer Needs Present Offering to Satisfy Buyer Needs Continue Selling until Purchase Decision Problem Solving Selling Define Problem Generate Alternative Solutions Evaluate Alternative Solutions Continue Selling until Purchase Decision Consultative Selling Business Consultant The process of helping customers reach their strategic goals by using the products, service, and expertise of the selling organization. Strategic Orchestrator Long-term Ally The Sales Process: An Overview Salesperson Attributes Selling Foundations Initiating Customer Relationships Selling Strategy Developing Customer Relationships Enhancing Customer Relationships The Sales Process: Salesperson Selling Foundations Attributes In order to be successful in today’s global business environment, salespeople must have a solid relationship building foundation. They must: Be Trustworthy and Behave Ethically Understand Buyer Behavior Possess Excellent Communication Skills The Sales Process: Selling Strategy In order to be successful in today’s global business environment, salespeople must also think and act strategically. The must develop strategies for: Their Sales Territory Each Customer Each Sales Call Salesperson Attributes Initiating Customer Relationships The Sales Process Developing Customer Relationships • Prospecting • Preapproach • Presentation Planning • Approaching the Customer Enhancing Customer Relationships Salesperson Attributes Initiating Customer Relationships The Sales Process Developing Customer Relationships • Sales Presentation Delivery • Earning Customer Commitment Enhancing Customer Relationships Salesperson Attributes Initiating Customer Relationships The Sales Process Developing Customer Relationships Enhancing Customer Relationships Adding Value through Follow-up, Self-leadership, and Teamwork