Hot Prospects Warm Prospects Cool Prospects Preapproach Information Gathering Planning the Sales Call Approach Making an Appointment Meeting the Prospect for the First Time Understanding the buyer’s need Sales Presentation Methods Developing an Effective Presentation --Don’t Overload --Prospect’s Language --Convincing Ask Questions Turn Objection into a Benefit Deny Objection Tactfully Third-Party Certificate Compensation Trial Close --To what extent this product meets your needs? --Out of these 3 models that are here, I think you like this model. Am I right Sir? Closure --Asking for the Order Check Customer Order Plan Follow Up Visit at the Time of Delivery Account Penetration Relationship Marketing 1. 2. 3. 4. Classification of Accounts Relationship Strategy Selling Methods & Channel Strategy Class A: High Sales & Profit Potential Class B: Medium Sales & Profit Potential Class C: Low Sales & Profit Potential (includes Prospective Customers & Customers who have good relationship with competitors) Transactional Relationship -- Low sales & profit potential -- Less loyal -- May Have excellent relationship with competitors -- Offered less service & low commitment Value-added Relationship -- Medium sales & profit potential -- Are offered better solutions to their problems -- Meeting their needs better than the competitors Collaborative Relationship --Generally customers with high sales & profit potential -- Few in numbers --Long term, mutually satisfying relationships --Strong commitment & trust --Cost of serving is high a) b) c) d) e) Stimulus response method Formula method Need satisfaction method Team selling method Consultative selling method Also known as Canned Sales Presentation A memorized or prepared sales presentation It is assumed that if the salesperson makes the proper stimuli ,he can get a favorable response from the prospect Mostly used by telemarketing people & doorto-door salespeople Also known as Formulated Method or Mental States Selling A Getting the Attention I Uncover Prospect’s Interest D Arousing Strong Want A Closing the Sale Understanding Buyers’ need by asking situational, problem identifying questions Written Proposal after understanding the problem areas Or else a Sales Presentation Generally done in 3 ways--* Features * Advantages * Benefits Multi person sales team to deal with multi person buying centre Should be used for major accounts with high sales & profit potential Also known as Problem Solving Method Providing solution within the customer’s budget Helping the customer to achieve the Strategic Goal Selecting an appropriate marketing/distribution/trade channel Channels available— --Company Sales Force --Industrial Distributors or Dealers --Manufacturer’s Representative --Telemarketing --Internet --Brokers & Commission Merchants