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BUS 466 - Chapter 8
Making the Sales Call
27
Marketing
Undergraduate 4
12/05/2012

Additional Marketing Flashcards

 


 

Cards

Term

 

What are the 4 Essential Elements for making a sales call?

Definition
  1. Good Impression
  2. Identifying Needs 
  3. Offering Solution
  4. Assessing Reaction & Making Adjustments
  5. Credibilty & Trust
Term

 

What does the content of a sales call depend on?

Definition
  • The specific situation
     
  • The extent of the established Relationship
Term

 

What are the 4 A's of the Selling Process?

Definition
      1. Acknowledge
      2. Acquire
      3. Advise 
      4. Assure
Term



4 Tips for Waiting for a Prospect

Definition
  1. Be on Time or Call if late
  2. Make good use of Waiting Time
  3. 15 Minute Rule
  4. When to reschedule
Term

Some Tips for First Impressions

 

 

Definition
  1. Good first impression results in a prospect who is willin to listen - how you dress/look
     
  2. Modify behavior based on prospect's state
     
  3. Customer's name 
Term

First Impressions

 

Tips for Selecting a Seat

Definition
  • Be aware of Surroundings
     
  • Read the prospect's nonverbal cues
Term

First Impressions

 

Tips for

Getting the Customer's Attention

Definition
  1. Prospect's use first few minutes to determine if they will benefit from interaction
     
  2. salespeople basically have less than six minutes to get credibility with client
     
  3. Presentation Openings
Term

 

What are the 6 Opening Methods salespeople can use to gain attention?

Definition
  1. Introduction opening 
  2. Referral Opening
  3. Benefit Opening
  4. Product Opening
  5. Compliment Opening
  6. Question Opening
Term

First Impressions


Developing a Rapport 

 

(also define)

Definition

Rapport:

a close, harmonious relationship founded on mutual trust

  • Goal of every salesperson
  • Small Talk
  • Office Scanning
  • Cultural and Personality Differences
  • Share goals/agenda
Term

First Impressions

 

When Things Go wrong

Definition
  • Maintaing the proper perspective & sense of humor
     
  • Apologize
     
  • Think before you speak
Term

Identifying Prospect's Needs


The Power of Asking Questions


Definition
  • Identify buyer's needs
  • Use transition sentences
  • Don't be surprised if buyer is reluctant to provide confidental information 
  • Discovering needs is part of qualifying the prospect
Term

Identifying the prospect's needs

 

Asking Open and Closed Questions

Definition

Open Questions

Require prospect to go beyond simple yes-or-no response

 

Closed Questions

Require yes, no, or short "fill-in-the-blank" type of response

 

- in most cases salespeople need to ask both types of questions

afterwards, summarize the prospects needs

Term

 

 

What are the components of the SPIN Technique

Definition
  1. Situation Questions
    • General Data-gathering questions
    • Can be answered through precall information gathering & planning
  2. Problem Questions
    • about specific difficulties, problems, or dissatisfactions  
  3. Implication Questions
    • help prospect recognize the  true ramifications of the problem
    • motivate prospect to search for solution to problem
  4. Need Payoff Questions
    • questions about usfulness of solving a problem
    • solution-centered

encourages prospect to define need
- salesperson is now viewed as consultant trying to help rather than someone pushing product 
Term

 

Developing a Strategy for the presentation

Definition
  • Prioritize buyers needs
     
  • discuss features that address buyer needs
Term

Offering Value

 

Feature

Definition

 

- quality or characteristic of product/service

Term

Offering Value


Benefit


- FAB?

Definition
  • Way feature will help buyer
     
  • FAB - feature, advantages, benefits
Term

Assessing Reactions

 

Using Non Verbal Cues

Definition
Term

Assessing Reactions

 

Verbal Probing

Definition
  • Allows salesperson to stop talking and encourage two-way conversation
     
  • lets salesperson see whether buyer is listening & understanding what is being said
     
  • May show the prospect is uninterested 
Term

Assessing Reactions

 

Making Adjustments 

Definition
  • changing direction 
     
  • Collecting additional information
     
  • developing new sales strategy
     
  • altering style of presentation
Term

 

How to build credibility during a call 

Definition
  • Clearly delineate the time he/she thinks call will take and then stop when the time is up
  • back up verbal statements
  • avoid making statements that do not have the ring of truth to them
  • make a balanced presentation that shows all sides of situation 
  • recognize cultural differences
  • demonstrate product expertise
  • keep it simple
  • be willign to say " I was wrong" or "I don't know" 
  • Never use a word unless definition is known
Term

selling to groups



What should a salesperson discover about each prospect group member?

Definition
  • member status within group
  • authority
  • perceptions about urgency of problem
  • receptivity to ideas
  • knowledge of subject matter
  • likely resistance and ways to handle it
Term

 

What should you make sure you do when attempting to sell to a group?

Definition
  • Develop objectives & Plan
     
  • Learn names of group memembers & use them
     
  • Listen carefully and observe nonverbal cues
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