1 Overview of Selling Learning Objectives 1 L 1 Define personal selling and describe its unique characteristics as a marketing communications tool. L 2 Distinguish between transaction-focused traditional selling and trust-based relationship selling, with the latter focusing on customer value and sales dialogue. L 3 Describe the evolution of personal selling from ancient times to the modern era. Learning Objectives L 4 Explain the contributions of personal selling to society, business firms, and customers. L 5 Discuss five alternative approaches to selling. L 6 Describe the three primary roles fulfilled by consultative salespeople. L 7 Understand the sales process as a series of interrelated steps. 1 Personal Selling – Defined An important part of marketing that relies heavily on ______________________ between buyers and sellers to initiate, develop, and enhance customer relationships. 1 Trust-Based Relationship Selling Requires that salespeople earn customer ______ and that their selling _______ meets customer needs and contributes to the creation, communication, and delivery of customer ______. 1 Customer Value The customer’s perception of what they get for what they have to give up. 1 Importance of Sales Dialogue Sales Dialogue: business conversation between buyers & sellers that occur as salespeople attempt to initiate, develop, & enhance customer relationships. • Allows for more thorough qualifying. • Demonstrates sincere interest in the prospective customer. • Helps Determine prospective customer’s unique needs. • Ensures ____________ presentation of valueadded solutions. • Promotes open _____________ and satisfaction feedback. 1 Transaction-Focused Selling vs. Trust-Based Relationship Selling 1 Transaction-Focused Selling vs. Trust-Based Relationship Selling 1 Evolution of Personal Selling Peddlers selling door to door . . . served as intermediaries 1800s Industrial Revolution Selling function became more structured Post-Industrial Revolution Business organizations employed salespeople 1900s War and Depression 2000s Modern Era Selling function becoming more professional 1 Evolution of Personal Selling (The past several decades) Canned Sales Presentation: sales presentations that include scripted sales calls, memorized presentations, and automated presentations. Sales Professionalism: a customeroriented approach that uses truthful, non-manipulative tactics to satisfy the long-term needs of both the customer and the selling firm. 1 Continued Evolution of Personal Selling 1 Contributions of Personal Selling: Salespeople and Society • Salespeople help __________________. • Salespeople help with the _________ of innovation. 1 Contributions of Personal Selling: Salespeople and the Employing Firm • Salespeople _________________. • Salespeople provide market research and customer feedback. • Salespeople become _____________in the organization. 1 Contributions of Personal Selling: Salespeople and the Customer • Salespeople _______________to problems. • Salespeople provide expertise and serve as information resources. • Salespeople serve as ________ for the customer when dealing with the selling organization. 1 Ethical Dilemma 1 Alternative Personal Selling Approaches • • • • • Stimulus Response Selling Mental States Selling Need Satisfaction Selling Problem Solving Selling Consultative Selling Adaptive Selling: the ability of a salesperson to alter his/her sales messages and behaviors during a sales presentation or as they encounter different sales situations and different customers. 1 Stimulus Response Selling Simple in design; assumes conditioned response improves likelihood of success; a risky and unreliable strategy. 1 Mental States Selling Assumes buyer can be led through mental states; promotes one-way communication; a risky and unreliable strategy. 1 Ethical Dilemma 1 Need Satisfaction Selling Interact with buyer to determine existing needs; present solutions to needs; solutions limited to seller’s products. 1 Problem Solving Selling Interact with buyer to determine existing and potential needs; present multiple solutions not limited to seller’s products. 1 Consultative Selling ________ ________ The process of helping ________ customers reach their ________ strategic goals by using the products, services, and expertise of the ____________ selling ____________ organization. 1 The Sales Process - Overview 1 Role Play 1