Chapter 11 Making the Presentation Learning Objectives: Understand how to make a presentation. Learn how units of conviction help prospects reach a buying decision. Discover effective tactics for making a sales presentation. Study different methods for involving the prospect. Understand the significance of using a demonstration. Examine the different types of sales aids available for use in presentations. Recognize the value of using technology in making presentations. 1 The Purpose of The Presentation Provide knowledge using the features, advantages, and benefits of your product, marketing plan, and business proposal Allow buyer to develop positive personal attitudes toward your product Convert need into want and into the belief that your product can fulfill those wants Convince the buyer that not only is your product the best, but also that you are the best source to buy from 2 The Sales Presentation Mix Persuasive Communication Factors that help make you a better communicator: Having a positive attitude and enthusiasm Creating mutual trust (must believe you) Using questions and listening Keeping the message simple Being empathetic 3 Sales Call Planner 10 Key Questions a Sales Call Plan must answer: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Company or person’s name Individuals to see or contact Background and profile of buyers Major competitors to be aware of Objective(s) for this particular call Best time to call Expressed needs or problems identified Strategies and tactics useful in this situation Sales tools to take along Results of the sales call 4 Style of the Presentation 1. The Memorized Presentation Quick Productivity Beneficial during initial learning periods Reliable Information Ensures the right information gets to the prospect Proven Effectiveness These presentations have been field tested and refined Confidence Building Feel more secure knowing that the presentation works for other salespeople. It should be internalized to the point that it is a normal, personal message. 5 Style of the Presentation 2. The Outline Presentation Salesperson prepares an outline of the presentation in written form Must have developed several “units of conviction” It reveals existing need for any additional information Makes it possible to check needs and goals against suggested solutions 3. The Extemporaneous Presentation Only recommended for the most experienced professional salespeople 6 The Salesperson’s Curse 7 Product-Analysis Worksheet You must determine what kind of buying decision to recommend to the prospect Convince the prospect that the solution you offer is the best possible one You do this by presenting complete units of conviction 8 Units of Conviction Units of Conviction: Concise, carefully prepared “mini-presentations” that are used as building blocks in constructing the information the salesperson presents. Prepare units of conviction ahead of time Practice them until they are comfortable They become a permanent part of your selling arsenal Learn how to personalize units of conviction 9 Units of Conviction Each Unit of Conviction Contains: Feature (A fact about the product or service) Transitional phrase or bridge Benefit (What’s in it for me?) Evidence or proof statements Tie-down (trial close or nail down) 10 Features and Benefits Features… Are the tangible and intangible qualities (or facts) of a product or service They are the same no matter who uses them Benefits… Are the value to the customer Translating features into benefits is one of your most important skills 11 Transitional Phrases Phrases that connect features to benefits: What this means to you ... This is beneficial to you because… This lets you… This heads off all the problems of… The prospect is asking, “What’s in it for me?” These phrases help answer this question. 12 Evidence to Support Claims Demonstrations Show the product being used Testimonials Bring letters from satisfied customers Have a referral call the prospect ahead of time Facts and Statistics They help back up what you say Samples Appeal to one or all of the senses Examples or Case Histories It must be authentic, so use many details to show you are familiar Relate it directly to the prospect’s circumstance 13 The Tie-Down (Trial Close or Nail Down) Question A yes/no question that confirms that the prospect agrees that the benefit is applicable and important to them “I think you see the enormous advantage you will have with one-tenth of a minute billing, right Mr. Osinski?” If the prospect says no, then go back over the feature/benefit This gives you feedback and builds commitment 14 Effective Tactics for Presentations Participation Demonstration Sales Demonstration Checklist 15 Participation You must get the prospect involved Ask questions and listen to their answers Encourage the prospects to ask questions 16 Demonstration A well planned demonstration will: Catch and peak the buyer’s interest Fortify your points and get buyer involved Help the prospect understand the benefits Keep you interested and stimulated Cut down on the number of objections Help you close the sale 17 Sales Demonstration Checklist Is the demonstration needed and appropriate? Have I developed a specific demonstration objective? Have I properly planned and organized the demonstration? Have I rehearsed to the point that the demonstration flows smoothly and naturally? Does my demonstration present my product in an ethical and professional manner? 18 Demonstration Principles Five principles to use when planning a presentation 1. Concentrate the Prospect’s Attention on You Juggling 3 tennis balls? 2. Follow the “Tell ‘em Three Times” Rule Tell them what you’re going to do, do it, and then tell them what you did 3. Get your Prospect into the Act The crossword puzzle—use whatever works 4. Keep your Prospect Glued to the Screen Webinars or virtual meetings Use videoconferencing This type of presentation must be riveting 5. Paint a Picture Using Metaphors 19 Presentation Sales Tools and Visual Aids The Organizer - a series of visuals that go step-by-step through the sales process. Company prepared organizers Built around user benefits Fosters two-way communication Leads more naturally to the close Gets the whole story out in less time Keeps the presentation on track Supplements added by salesperson Personal letters of reference Business cards of clients Pictures of clients using the product Pictures of finished installations 20 Audiovisual Presentations Audiovisual Aids Now you can prepare your presentation from anywhere using a smartphone or tablet. Make use of these audiovisual aids when preparing presentations: Presentation software Web-based presentations PowerPoint presentations 21 Situational Selling Fit yourself to the situation the buyer is facing Be sure each meeting focuses on your ultimate goal Prior planning should allow you to adapt to any situation 22 Handling Special Situations The Setting for the Sales Interview: Client’s office Great option if interruptions can be controlled Your office May not be the best place Restaurant Interruptions are less likely The “power lunch” Prospect feels obligated to listen A less stressful environment 23 Handling Special Situations Interruptions: If there is a phone call, offer to leave the room Wait until the prospect’s attention is completely back on you and your presentation Restate the selling points that were of specific importance to the prospect Invite the prospect’s participation Make sure interest has been regained, then proceed 24