10-1 McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 10-2 Chapter 10 Begin Your Presentation Strategy McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 10-3 Chapter 10 The Right to Approach The Approach—Opening the Sales Presentation Technology in the Approach Using Questions Results in Sales Success Is the Prospect Still Not Listening? Be Flexible in Your Approach McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 10-4 The Right to Approach You have to prove you are worthy of the prospect’s time and serious attention by exhibiting specific product or business knowledge expressing a sincere desire to solve a buyer’s problem and satisfy a need stating or implying that your product will save money or increase the firm’s profit margin displaying a service attitude McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation 10-5 A buyer’s reactions to the salesperson in the early minutes of the presentation are critical to a successful sale Your attitude during the approach Common for salesperson to experience tension in various forms when contacting a prospect Creative imagery McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-6 The first impression you make is critical to success Projected by appearance attitude You only have one chance to make a favorable first impression McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-7 To make a favorable impression wear business clothes that are suitable and fairly conservative be neat in dress and grooming refrain from smoking, chewing gum, or drinking in your prospect’s office keep an erect posture leave all unnecessary materials outside the office if possible, sit down McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-8 be enthusiastic and positive toward the interview smile! do not apologize for taking the prospect’s time do not imply that you were just passing by maintain eye contact if the prospect offers to shake hands, do so with a firm, positive grip while maintaining eye contact learn how to pronounce the prospect’s name correctly McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-9 Assign factors a degree of importance before seeing prospect objective type of approach customer benefit plan Approach categories Opening with a statement Opening with a demonstration Opening with a question or questions McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-10 Objectives of both statement and demonstration approach techniques attention interest transition Small talk warms ‘em up McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-11 The situation faced determines approach Influences on approach to use include Product being sold If repeat call Customer’s needs Amount of time Aware of a problem McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-12 Objectives of using question approach techniques Uncover needs and problems fulfill needs solve problems Have prospect tell you about needs problems intention to do something about them McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-13 Opening with statements Introductory approach Complimentary approach Referral approach Premium approach Demonstration openings Product approach Showmanship approach McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-14 Opening with questions Most common openers Customer benefit approach Curiosity approach Opinion approach Shock approach McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. The Approach—Opening the Sales Presentation cont… 10-15 Multiple question approach (SPIN) Situation Problem Implication Need-payoff questions Product not mentioned in SPIN McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 10-16 Technology in the Approach Powerful attention-grabber Sounds Visuals Touch McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Using Questions Result in Sales Success 10-17 Probes Obtaining information from the prospect Developing two-way communication The direct question Closed-ended The nondirective question Who When What How often Where Why McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Using Questions Results in Sales Success cont… 10-18 The rephrasing question Clarify meaning Determine prospect’s needs The redirect question Excellent alternative or backup opener McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Using Questions Results in Sales Success cont… 10-19 Three rules for using questions Use only questions that you can anticipate the answer to or that will not lead you into a situation from which you cannot escape Pause or wait after submitting a question Listen McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 10-20 Be Flexible in Your Approach Be willing and ready to change your planned statement approach McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 10-21 Summary of Major Selling Issues The approach is the critical factor Use a statement or demonstration approach to ensure your prospect’s attention and interest The first impression you make can negate your otherwise positive and sincere opening Open with a statement, question, or demonstration McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Summary of Major Selling Issues cont… 10-22 Questions should display a sincere interest in prospects and their situation Four basic types of questions are direct, nondirective, rephrasing, and redirect Allow prospects time to completely answer the question McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.