Term
Approach
First Impression |
|
Definition
1) Appearance
2) Attitude |
|
|
Term
Approach
Techniques (3 categories) |
|
Definition
1) Opening with a Statement
2) Opening with a Demonstration
1 & 2 have objectives:
a. Capture Attention
b. Stimulate Interest
c. Provide Transition into Presentation
3) Opening with Questions |
|
|
Term
Approach
Statement techniques |
|
Definition
Introductory
*first time meeting
*basic introduction of yourself
Complimentary
sincerity
show knowledge of their company
Referral
use another's name; be careful they may not like them!
Premium
creativity is a must
leave/ give relevant to product as a thank you for their time
etc.. |
|
|
Term
Approach
Demonstration Techniques |
|
Definition
Product
place product on table SILENTLY
-wait for the response
Showmanship
do something unusual to grab attention;
be APPROPRIATE, be careful with comedy
|
|
|
Term
Approach
Questions Techniques |
|
Definition
Customer Benefit
ask Question implying benefits
anticipated the response when creating the CB question
Use their response throughout the presentation
Curiosity
DO something to spark curiosity
Opinion
Ask their opinion; flattering
Shock
design the Q to make them seriously think about the product category or relevant subject
Multiple Question - SPIN
|
|
|
Term
|
Definition
Situation
Problem
Implication
Need-Payoff
|
|
|
Term
|
Definition
Step 1: Ask about general situation as it relates
Step 2: Ask about specific Problems or difficulties relative to situational question
Step 3: Ask about the implications of the problems or indirect affects
Step 4: Ask the Need-Payoff question |
|
|
Term
Why ask questions or "probes"?? |
|
Definition
1) Obtain Information
2) Develop two-way communication
3) Increase their participation |
|
|
Term
|
Definition
1) Clarify meaning
2) Determine needs
**continue probing / rephrasing until you have found true objection or problem |
|
|
Term
Rules for using Questions |
|
Definition
1) Question only when you can anticipate answer
2) Wait for the answer; even if it takes minutes!
3) Listen
REALLY LISTEN
|
|
|
Term
Elements to the Sales Presentation |
|
Definition
- Purpose
- Three Essential Steps
- Features, Advantages, Benefits - FAB
- Visual Aids
- Proof Devices
- Demonstrations
- Preparation & Practice
- Handling Difficulties During Presentation
- Sales Presentation Mix
|
|
|
Term
Elements to Sales Presentation
Purpose |
|
Definition
1) Knowledge
2) Beliefs
3) Desire
4) Attitude
5) Conviction |
|
|
Term
Elements to Sales Presentation
3 Essential Steps |
|
Definition
Step 1: Fully discuss FABS
Step 2: Present Marketing Plan
*how they can resell
*how they can use
Step 3: Explain Business Proposition
What's in it for them? |
|
|
Term
Elements of Sales Presentation
FABs |
|
Definition
Product FABs
Marketing FABs
Business Prop. FABs
**use persuasive communication & participation techniques |
|
|
Term
Elements to Sales Presentation
Sales Presentation Mix |
|
Definition
Participation
Proof
Visual Aids
Dramatization
Demonstration
Persuasive Communication |
|
|
Term
Elements to Sales Presentation
Proof Devices |
|
Definition
"prove it"
Past Sales
Guarantee
Testimonials
Company Proof Results
Research |
|
|
Term
Elements to Sales Presentation
Visuals
|
|
Definition
People retain 10% of what they hear
and
50% of what they see |
|
|
Term
Handling Difficulties
in the Sales Presentation |
|
Definition
Interruptions
1) be considerate; wait quietly & patiently
2) restate where you were/points just made
3) regain interest with demos or participation
Competition
1) refer only if absolutely necessary
2) move on quickly away from convo around it
3) always compare products not companies
|
|
|
Term
Handling Objections
basics |
|
Definition
1. Plan for them
2. Anticipate & Forestall
3. Handle them as they arise
4. Be Positive
5. LISTEN - hear them out
6. Understand the objection
7. Meet it! |
|
|
Term
6 categories of objections |
|
Definition
Hidden
Timing
Need
Price
Product
Person - YOU! |
|
|
Term
Techniques for addressing objections |
|
Definition
1. Dodge
2. Pass up
3. Rephrase as questions
4. Postpone
5. Boomerang
6. Ask questions
7. Denial
8. Indirect denial
9. Compensation
10. Third party |
|
|
Term
Trial close after objection |
|
Definition
know if you have overcome objection
then IMMEDIATELY go to next SELL sequence
OR
CLOSE SALE!
ALWAYS ASK FOR THE ORDER
even if you are 100% sure you can't overcome an objection |
|
|
Term
When to close
How to know? |
|
Definition
Buying Signals
*they ask questions (how much...)
*they ask for someone's opinion
*they relax, become friendly
*they pull out a PO
*they carefully examine product again |
|
|
Term
Essentials to Closing
(12) |
|
Definition
1. Think success
2. Plan the sales call
3. Confirm needs in the approach
4. Great presentation
5. Use trial closes during and after presentation
6. Find the REAL objections
7. Overcome these objections
8. Use trial close after overcoming each
9. Summarize BENEFITS as related to the NEEDS
10. Use trial close after #9
11. Ask for Order
12. Leave the door open. Be a professional |
|
|
Term
|
Definition
question is assuming they WANT the product
...how many?
Customer is Indecisive
**Forces decision |
|
|
Term
|
Definition
Assumes the buy...
"I'll call in the order" ; want it gift wrapped?...
Customer is a friend
You can take care of the "small things" |
|
|
Term
|
Definition
when customer is expert or Egocentric
OR
hostile
allows them to make decision
&
positive stroking
|
|
|
Term
Summary-of-benefits Close |
|
Definition
summarize FABs with trial close right before asking for order
when customer is indecisive
Forces decision |
|
|
Term
|
Definition
like the summary, but get them to say yes to each summarizing point
when indecisive
forcing decision
OR
when hostile
giving positive strokes |
|
|
Term
6 common mistakes of Closing |
|
Definition
1. Tells not Sells
2. Overcontrols call; asks too many
close-ended Questions
3. Dont respond to needs with Benefits
4. Doesnt recognize needs; Benefits premature
5. Doesn't handle/see negative attitudes
6. Weak closing statements
|
|
|
Term
Key to Long term business relationships
|
|
Definition
Trust, genuine care for each other, wisdom/knowledge
Caring
Joy
Harmony
Patience
Kindness
Moral Ethics
Faithfulness
Fairness
Self-control
"Live for Others" |
|
|
Term
|
Definition
Level 1: Acquantances
Level 2: Friendship
Level 3: Intimate Friends |
|
|
Term
Customer Satisfaction/Retention |
|
Definition
Satisfaction leads to retention, and often very difficult to break a loyal customer
CRITICAL to long-term success
Technology (automation) for excellent service
less time on paperwork = more time with clients |
|
|
Term
|
Definition
critical to satisfaction & referall
create goodwill
|
|
|
Term
|
Definition
know buyers, personell, and their firms
prospect needs with others in the company once the sale has been initiated... |
|
|