Slide 1: Task:
Presentation of Chapter # 18,19 & 20.
Principle of Marketing.
Maim Humaira Khan.
1411-108039 Slide 2: Slide 20-2 PERSONAL SELLING AND SALES MANAGEMENT CHAPTER Slide 3: Slide 20-6 SCOPE AND SIGNIFICANCE OF PERSONAL SELLING ANDSALES MANAGEMENT Nature of Personal Selling and Sales Management Selling Happens Almost Everywhere Personal Selling Sales Management Slide 4: Slide 20-8 SCOPE AND SIGNIFICANCE OF PERSONAL SELLING ANDSALES MANAGEMENT Creating Customer Value Through Salespeople: Relationship and Partnership Selling Personal Selling in Marketing Relationship Selling Partnership Selling (or Enterprise Selling) Slide 5: Slide 20-9 How salespeople create value for customers Slide 6: Slide 20-13 THE MANY FORMS OFPERSONAL SELLING Order Taking Outside Order Takers Inside Order Takers, Order Clerks, or Salesclerks Inbound Telemarketing Order Getting Outbound Telemarketing Slide 7: Slide 20-14 Comparing order takers with order getters Slide 8: Slide 20-16 How outside order-getting salespeople spend their time each week Slide 9: Slide 20-17 THE MANY FORMS OFPERSONAL SELLING Customer Sales Support Personnel Missionary Salespeople Team Selling Conference Selling Sales Engineer Seminar Selling Slide 10: Slide 20-21 THE PERSONAL SELLING PROCESS: BUILDING RELATIONSHIPS Personal Selling Process Prospecting Lead Qualified Prospect Cold Canvassing Prospect Slide 11: Slide 20-22 Stages and objectives of the personal selling process Slide 12: Slide 20-23 Stages in the personal selling process Slide 13: Slide 20-25 THE PERSONAL SELLING PROCESS: BUILDING RELATIONSHIPS Preapproach Approach Slide 14: Slide 20-27 THE PERSONAL SELLING PROCESS: BUILDING RELATIONSHIPS Presentation Stimulus-Response Format Formula Selling Format Stimulus-Response Presentation Suggestive Selling Formula Selling Presentation Canned Selling Presentation Slide 15: Slide 20-28 THE PERSONAL SELLING PROCESS: BUILDING RELATIONSHIPS Presentation Need-Satisfaction Format Need-Satisfaction Presentation Adaptive Selling Consultative Selling Slide 16: Slide 20-30 THE PERSONAL SELLING PROCESS: BUILDING RELATIONSHIPS Presentation Handling Objections Acknowledge and Convert the Objection Postpone Agree and Neutralize Accept the Objection Denial Ignore the Objection Slide 17: Slide 20-31 Techniques for handling objections Slide 18: Slide 20-32 THE PERSONAL SELLING PROCESS: BUILDING RELATIONSHIPS Close Trial Close Assumptive Close Urgency Close Follow-Up Final Close Slide 19: Slide 20-37 THE SALES MANAGEMENT PROCESS Sales Plan Setting Objectives Sales Plan Formulation: Setting Direction Slide 20: Slide 20-38 The sales management process Slide 21: Slide 20-40 THE SALES MANAGEMENT PROCESS Sales Plan Formulation: Setting Direction Organizing the Salesforce Own Salesforce vs. Independent Agents Slide 22: Slide 20-42 THE SALES MANAGEMENT PROCESS Sales Plan Formulation: Setting Direction Organizing the Salesforce—Structure Geography Customer Product Major (Key) Account Management Slide 23: Slide 20-47 THE SALES MANAGEMENT PROCESS Sales Plan Formulation: Setting Direction Organizing the Salesforce—Size Workload Method Developing Account Management Policies Slide 24: Slide 20-48 Account management policy grid grouping customers according to the level of opportunity and a firm’s competitive sales position Slide 25: Slide 20-49 THE SALES MANAGEMENT PROCESS Sales Plan Implementation: Putting the Plan into Action Salesforce Recruitment and Selection Job Analysis Job Description Emotional Intelligence Salesforce Training Slide 26: Slide 20-51 U.S. sales force composition and change Slide 27: Slide 20-52 U.S. sales force composition and change Slide 28: Slide 20-53 U.S. sales force composition and change Slide 29: Slide 20-54 U.S. sales force composition and change Slide 30: Slide 20-55 THE SALES MANAGEMENT PROCESS Sales Plan Implementation: Putting the Plan into Action Salesforce Motivation and Compensation Straight Salary Compensation Plan Straight Commission Compensation Plan Combination Compensation Plan Salesforce Training Slide 31: Slide 20-57 THE SALES MANAGEMENT PROCESS Salesforce Evaluation and Control: Measuring Results Quantitative Assessments Sales Quota Behavioral Evaluation Slide 32: Slide 20-58 THE SALES MANAGEMENT PROCESS Salesforce Automation and Customer Relationship Management Salesforce Automation (SFA) Salesforce Computerization Salesforce Communication Slide 33: Slide 20-82 Personal Selling Personal selling involves the two-way flow of communication between a buyer and seller, designed to influence a person’s or group’s purchase decision, usually in face-to-face communication between the sender and receiver. Slide 34: Slide 20-83 Sales Management Sales management involves planningthe selling program and implementing and controlling the personal selling effort of the firm. Slide 35: Slide 20-84 Relationship Selling Relationship selling is the practice of building ties to customers based on a salesperson’s attention and commitment to customer needs over time. Slide 36: Slide 20-85 Partnership Selling Partnership selling is the practice whereby buyers and sellers combine their expertise and resources to create customized solutions, commit to joint planning, and share customer, competitive, and company information for their mutual benefit, and ultimately the customer. Also called enterprise selling. Slide 37: Slide 20-86 Order Taker An order taker processes routine orders or reorders for products that were already sold by the company. Slide 38: Slide 20-87 Order Getter An order getter sells in a conventional sense and identifies prospective customers, provides customers with information, persuades customers to buy, closes sales, and follows up on customers’ use of a product or service. Slide 39: Slide 20-88 Missionary Salespeople Missionary salespeople are sales support personnel who do not directly solicit orders but rather concentrate on performing promotional activities and introducing new products. Slide 40: Slide 20-89 Sales Engineer A sales engineer is a salesperson who specializes in identifying, analyzing, and solving customer problems and brings know-how and technical expertise to the selling situation but often does not actually sell products and services. Slide 41: Slide 20-90 Team Selling Team selling is the practice of using an entire team of professionals in selling to and servicing major customers. Slide 42: Slide 20-91 Personal Selling Process The personal selling process consists of sales activities occurring before and after the sale itself, consisting of six stages:(1) prospecting, (2) preapproach,(3) approach, (4) presentation, (5) close, and (6) follow-up. Slide 43: Slide 20-92 Stimulus-Response Presentation Stimulus-response presentation is a presentation format which assumes that given the appropriate stimulus by a salesperson, the prospect will buy. Slide 44: Slide 20-93 Formula Selling Presentation Formula selling presentation is a presentation format that consists of information that must be provided inan accurate, thorough, and step-by-step manner to inform the prospect. Slide 45: Slide 20-94 Need-Satisfaction Presentation Need-satisfaction presentation is a presentation format that emphasizes probing and listening by the salesperson to identify needs and interests of prospective buyers. Slide 46: Slide 20-95 Adaptive Selling Adaptive selling is a need-satisfaction presentation format that involves adjusting the presentation to fit the selling situation, such as knowing when to offer solutions and when to ask for more information. Slide 47: Slide 20-96 Consultative Selling Consultative selling is a need-satisfaction presentation format that focuses on problem identification, where the salesperson serves as an expert on problem recognition and resolution. Slide 48: Slide 20-97 Sales Plan A sales plan is a statement describing what is to be achieved and where andhow the selling effort of salespeople isto be deployed. Slide 49: Slide 20-98 Major Account Management Major account management is the practice of using team selling to focuson important customers so as to build mutually beneficial, long-term, cooperative relationships. Also calledkey account management. Slide 50: Slide 20-99 Workload Method The workload method is a formula-based method for determining the size of a salesforce that integrates the number of customers served, call frequency, call length, and available selling time to arrive at a figure for the salesforce size. Slide 51: Slide 20-100 Account Management Polices Account management policies specify whom salespeople should contact, what kinds of selling and customer service activities should be engaged in, and how these activities should be carried out. Slide 52: Slide 20-101 Emotional Intelligence Emotional intelligence is the ability to understand one’s own emotions and the emotions of people with whom one interacts on a daily basis. Slide 53: Slide 20-102 Sales Quota A sales quota contains specific goals assigned to a salesperson, sales team, branch sales office, or sales district fora stated time period. Slide 54: Slide 20-103 Salesforce Automation Salesforce automation (SFA) is theuse of computer, information, communication, and Internet technologies to make the sales function more effective and efficient. End of Chapter # 18 : End of Chapter # 18