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Paid Personal (communication) attempts to persuade/inform |
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7 steps of Personal Selling Process |
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1) Prospecting 2) Preapproach 3) Approach 4) Making Presentation 5) Overcoming Objections 6) Closing Sale 7) Following Up |
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Developing list of potential customers **constistent activity critical for success |
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Before contacting prospects -salesperson find/analyzing potential's info |
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The manner in which salesperson contacts potential - referrals (name dropping) - cold calling - repeat contact |
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(4) Making the Presentation |
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*attract & hold prospect's attention *stimulate interest -talk AND listen - determine needs! |
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(5) Overcoming Objections |
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Seek out objections BEFORE or ask so you can deal |
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salesman asks person to buy product |
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Order Getter: sells to new & increases sales to old *Current-Customer Sales *New-Business Sales Order Takers: seeks repeat sales primarily *Inside Order takers: in-office, receive orders *Field Order takers: travel to customer Support Personnel: facilitate selling; more than just sales *Missionary: employed by manufacturer assist producer in selling to own customers *Trade: strictly support personnel, restock, etc *Technical: technical assistance to current customers |
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team of experts from all areas of firm led by salesperson |
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aka consultative selling builds mutually beneficial long-term relations |
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Recruiting/ Selecting Salespeople |
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Costs are astronomical vital part of strategic sales force plan |
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written price reduction encourages consumers to buy specific product advantages: effective brand awareness lower cost per redemption drawbacks: fraud, which is expensive losing value because everyone offers them |
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allows buyers to pay less than regular price |
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consumer receives specified amount of money for making a single product purchase |
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Point-of-Purchase Materials Demonstration |
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P_O_P Signs, Racks, Window Displays (etc) to attract customers |
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encourages trial use and purchase or shows how product works |
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free trial stimulates trial and purchase |
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offered free or at a minimal cost as a BONUS for purchasing a product |
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individuals compete for prizes based on analytical skills/ creative skills |
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individuals compete for prizes based primarily on chance |
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Trade Sales promotion methods |
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persuade wholesalers and retailers to carry a producer's products and market them aggressively |
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sum of money producer gives to reseller for each unit bought after an initial promotional deal is over |
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manufacturer's reward to retailers based on number of pieces moved through retailers' scanners during specific time period |
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