Sales Management
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Transcript of Sales Management
Top Management
HRDepartment
Finance Department
Marketing Department
SalesManagement
Marketing Department
Marketing MixProductPricePlacementPromotion
Personal SellingAdvertisementSales PromotionPublic Relationing
Sales Management
Sales ManagementSales Management
““Planning, Directing and control of Planning, Directing and control of Personal Selling, including Personal Selling, including
recruiting, selecting, equipping, recruiting, selecting, equipping, assigning, routing, supervising, assigning, routing, supervising,
paying and motivating”paying and motivating”
““Management of the firms Management of the firms Personal Selling functions”Personal Selling functions”
Personal SellingPersonal Selling
““Personal communication with Personal communication with consumers/customers through paid consumers/customers through paid personnel of an organization or its personnel of an organization or its
agents in such a way that the agents in such a way that the audience perceives the audience perceives the
communicator’s organization as communicator’s organization as being the source of message”being the source of message”
History of Personal SellingHistory of Personal Selling
Middle AgesMiddle Ages Modern eraModern era
1919thth century century 2020thth century century
IndustrialIndustrialRevolutionRevolution
Post-IndustrialPost-IndustrialRevolutionRevolution
War andWar andDepressionDepression
ModernModernEraEra
1800s1800s 1900s1900s 2000s2000s
Evolution of Personal SellingEvolution of Personal Selling
Selling function became more
structured
Peddlers selling door to door . . . served as intermediaries
Business organizations employed salespeople
Selling function became more professional
As we begin the 21As we begin the 21stst century, selling continues to develop, century, selling continues to develop,becoming more professional and more relationalbecoming more professional and more relational
Contributions of Personal Contributions of Personal Selling: Salespeople and Selling: Salespeople and
SocietySociety
Salespeople help stimulate the economySalespeople help stimulate the economy
Salespeople help with the diffusion of Salespeople help with the diffusion of innovationinnovation
Contributions of Personal Contributions of Personal Selling: Salespeople and Selling: Salespeople and
the Employing Firmthe Employing Firm Salespeople generate revenueSalespeople generate revenue
Salespeople provide market research and Salespeople provide market research and customer feedbackcustomer feedback
Salespeople become future leaders in the Salespeople become future leaders in the organizationorganization
Contributions of Personal Contributions of Personal Selling: Salespeople and Selling: Salespeople and
the Customerthe Customer Salespeople provide solutions to problemsSalespeople provide solutions to problems
Salespeople provide expertise and serve Salespeople provide expertise and serve as information resourcesas information resources
Salespeople serve as advocates for the Salespeople serve as advocates for the customer when dealing with the selling customer when dealing with the selling organizationorganization
Sales PersonSales Person
““An Individual performing for a An Individual performing for a company by performing one or more company by performing one or more of following activities: prospecting, of following activities: prospecting,
communicating, servicing and communicating, servicing and information gathering”information gathering”
Some common names of Some common names of SalespersonsSalespersons
AgentsAgents Sales consultantsSales consultants Sales representativesSales representatives Account executivesAccount executives Sales EngineersSales Engineers District ManagersDistrict Managers Marketing RepresentativesMarketing Representatives Account Development RepresentativesAccount Development Representatives
Characteristics of Sales Characteristics of Sales PersonPerson
EmpathyEmpathy Ego DriveEgo Drive Ego StrengthEgo Strength Interpersonal Communication skillInterpersonal Communication skill EnthusiasmEnthusiasm Better listener than talkerBetter listener than talker Relationship OrientedRelationship Oriented Customer OrientedCustomer Oriented PatiencePatience Team PlayerTeam Player Honest, hardworkingHonest, hardworking
Types of Personal SellingTypes of Personal Selling
Transaction BasedTransaction Based Relationship BasedRelationship Based
Transaction-Focused vs. Transaction-Focused vs. Relationship Focused Relationship Focused
Short term thinkingShort term thinking Making the sale has Making the sale has
priority over most other priority over most other considerationsconsiderations
Interaction between Interaction between buyer and seller is buyer and seller is competitivecompetitive
Salesperson is self-Salesperson is self-interest orientedinterest oriented
Long term thinkingLong term thinking Developing the Developing the
relationship takes relationship takes priority over getting the priority over getting the salesale
Interaction between Interaction between buyer and seller is buyer and seller is collaborative.collaborative.
Salesperson is customer-Salesperson is customer-orientedoriented
Transaction-FocusedTransaction-Focused Relationship-FocusedRelationship-Focused
Classification ofClassification ofPersonal Selling ApproachesPersonal Selling Approaches
Stimulus Response SellingStimulus Response Selling Mental States SellingMental States Selling Need Satisfaction SellingNeed Satisfaction Selling Problem Solving SellingProblem Solving Selling Consultative SellingConsultative Selling
Stimulus Response SellingStimulus Response Selling
Salesperson Salesperson Provides Provides
StimuliStimuli
BuyerBuyerResponsesResponses
SoughtSought
Continue Continue Process until Process until
Purchase Purchase DecisionDecision
Stimulus Response SellingStimulus Response Selling
Sales message structuredSales message structured Stimuli is repeated until the desired responseStimuli is repeated until the desired response Conditions the prospective buyer to Conditions the prospective buyer to
answering “yes”answering “yes” Used for When product is simple or when Used for When product is simple or when
time limitedtime limited Examples; Sale call by medical Examples; Sale call by medical
representative, selling simple household representative, selling simple household items items
Mental States SellingMental States Selling
AttentionAttention InterestInterest ConvictionConviction DesireDesire ActionAction
Mental State SellingMental State Selling
Highly Structured Sales Presentation Highly Structured Sales Presentation (like Stimulus response selling)(like Stimulus response selling)
Sales Person is forced to plan the Sales Person is forced to plan the presentation prior to sales callpresentation prior to sales call
Difficult to predict customers mental Difficult to predict customers mental statestate
Mental State SellingMental State Selling
AttentionAttention Get your customer excitedGet your customer excited Get your customer to like youGet your customer to like you
InterestInterest Interview to create interestInterview to create interest Try to find wants and need of the customerTry to find wants and need of the customer
ConvictionConviction Tell your customer what there is for himTell your customer what there is for him Tell your customer the product is going to fullful his Tell your customer the product is going to fullful his
needsneeds DesireDesire
Overcome his hesitationOvercome his hesitation CloseClose
Need Satisfaction SellingNeed Satisfaction Selling
Uncover and Uncover and Confirm Buyer Confirm Buyer
NeedsNeeds
Present Present Offering to Offering to
Satisfy Buyer Satisfy Buyer NeedsNeeds
Continue Continue Selling until Selling until Purchase Purchase DecisionDecision
Need Satisfaction SellingNeed Satisfaction Selling
This Method focuses on customerThis Method focuses on customer Customer response dominates early Customer response dominates early
portion of sales interactionportion of sales interaction Salesperson more focused on Salesperson more focused on
customer than being defensivecustomer than being defensive
Problem Solving SellingProblem Solving Selling
DefineDefineProblemProblem
GenerateGenerateAlternativeAlternativeSolutionsSolutions
ContinueContinueSellingSelling
untiluntilPurchasePurchaseDecisionDecision
EvaluateEvaluateAlternativeAlternativeSolutionsSolutions
Long-term AllyLong-term Ally
Consultative SellingConsultative Selling
The process of helping The process of helping customers reach their customers reach their
strategic goals by using strategic goals by using the products, service, the products, service, and expertise of the and expertise of the selling organization.selling organization.
Strategic OrchestratorStrategic Orchestrator
Business ConsultantBusiness Consultant
The Sales Process: The Sales Process: Selling FoundationsSelling Foundations
Possess Excellent Possess Excellent Communication SkillsCommunication Skills
Understand Buyer BehaviorUnderstand Buyer Behavior
Be Trustworthy and Be Trustworthy and Behave EthicallyBehave Ethically
In order to be successful in today’s global business In order to be successful in today’s global business environment, salespeople must have a solid relationship environment, salespeople must have a solid relationship building foundation. They must: building foundation. They must:
The Sales Process:The Sales Process:Selling StrategySelling Strategy
In order to be successful in today’s global business In order to be successful in today’s global business environment, salespeople must also think and act environment, salespeople must also think and act strategically. The must develop strategies for:strategically. The must develop strategies for:
Their Sales TerritoryTheir Sales Territory
Each Sales CallEach Sales Call
Each CustomerEach Customer
The Sales ProcessThe Sales Process
• Prospecting• Preapproach• Presentation Planning• Approaching the Customer
Developing Developing Customer Customer
RelationshipsRelationships
Initiating Initiating Customer Customer
RelationshipsRelationships
Enhancing Enhancing Customer Customer
RelationshipsRelationships
The Sales ProcessThe Sales ProcessSalespersonAttributes
• Sales Presentation Delivery • Earning Customer Commitment
Developing Developing Customer Customer
RelationshipsRelationships
Initiating Initiating Customer Customer
RelationshipsRelationships
Enhancing Enhancing Customer Customer
RelationshipsRelationships
Adding Value through Follow-up, Self-leadership, and Teamwork
The Sales ProcessThe Sales Process
Developing Developing Customer Customer
RelationshipsRelationships
Initiating Initiating Customer Customer
RelationshipsRelationships
Enhancing Enhancing Customer Customer
RelationshipsRelationships
Personal Selling ProcessPersonal Selling Process
Prospecting and QualifyingProspecting and Qualifying Identifying Potential CustomersIdentifying Potential Customers
PreapproachPreapproach Learning as much as possible about potential customer prior to making Learning as much as possible about potential customer prior to making
a sales calla sales call ApproachApproach
Meets the customer for the first timeMeets the customer for the first time Presentation and DemonstrationPresentation and Demonstration
Benefit of product are presentedBenefit of product are presented Understanding need is importantUnderstanding need is important
Handling ObjectivesHandling Objectives ClosingClosing
Asking for the orderAsking for the order Follow UpFollow Up
Helps ensure customer satisfactionHelps ensure customer satisfaction