1-drq of a sales rep by james muriithi

Upload: nobleconsultants

Post on 04-Apr-2018

215 views

Category:

Documents


0 download

TRANSCRIPT

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    1/38

    J. Muriithi

    DRQs

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    2/38

    Sales Persons Job

    The salespersons roles do vary from company to

    company, depending on whether sales involve goodsor services, the firms market characteristics and thelocation of customers

    The salesperson functions as a territory manager-

    planning, organizing, and executing activities thatincrease sales in a given territory

    In essence the salesperson: Creates New Customers through prospecting Sells More to Present Customers Builds Long-Term Relationships with Customers Provides Solutions to Customers Problems

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    3/38

    Sales Persons Job Provides Service to Customers e.g. handling

    complaints, returning damaged merchandise,providing samples, suggesting businessopportunities and developing recommendationson how the customer can promote productspurchased from the salesperson

    Helps Customers Resell Products to TheirCustomers Helps Customers Use Products after Purchase

    e.g. computers Builds Goodwill with Customers

    Provides Company with Market Information

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    4/38

    Service Sales

    Representative

    Retail

    Representative

    Manufacturers

    RepresentativeWholesalers

    Representatives

    Accounts

    Representative

    Industrial Sales

    Representative

    Retail Sales

    Representative

    Sales

    Engineers

    Types of Sales Jobs

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    5/38

    DIFFERENT SALES JOBS Retailing includes all the activities

    involved in selling goods orservices directly to the finalconsumers for personal, nonbusiness use

    A retailer or retail store is anybusiness enterprise whose sales

    volumes come primarily fromretailing

    Any organization selling to finalconsumers-whether amanufacturer, wholesaler or

    retailer-is doing retailingIncludes gas station, beauty andCosmetic shop They practice alstages of a sales call, includingprospecting, presentation, trialcloses and after sales service.

    RETAIL SELLING

    The Salespersonsells directly to

    consumers from astore environment

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    6/38

    Missionary Selling

    Influences the decision makerrather than the final user

    Informs the salesperson to follow-

    up and close the deal

    Uses relationship building as abasis for effective selling

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    7/38

    This is an independent

    intermediary between themanufacturer and a retail seller.While not directly employed bythe retailer, the wholesaling

    intermediary conducts personalselling in their outlets in terms ofdisplays and providing expertadvice to the retail seller. He is

    paid on commission basis. Theseentrepreneurs often act for morethan one company ormanufacturer.

    WHOLESALING/RESELLING

    The Salespersonobtains products frommanufacturers and sellsto retailers.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    8/38

    This entails direct relationships with theinfluencers, decision makers and actualusers of the product, e.g. territory

    managers of oil companies must keepclose working relationships with criticalpersonnel within the distributionnetwork.

    The critical personnel may include, thepurchasing managers/buyers, financemanagers, engineers, CEOs, secretariesand even the security guards

    Technical knowledge and skills arecritical in sustaining the businessUnlike wholesaling which transfersfinished products for resale, this refersto the transfer of raw materials andequipment, which the buyer then usesto produce other goods. It alsoencompasses services. Complexities ofindustrial markets, necessitates TEAMselling approach (selling consortium).

    COMMERCIAL &INDUSTRIAL SELLING

    The Salespersontransfers raw materialsand equipment, whichthe buyer uses to

    produce his / her owngoods or services.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    9/38

    Sells to the end user, e.g. tiremanufacturers selling tire products tooriginal equipment vehicle assemblers

    Airline reservations staff selling tickets tothe passengers Technical support and employee/client

    relationships are critical in customerretentionProducts typically sold in this way includecosmetics, jewelry, clothing, toys,household suppliers and health relateditems.GNLD and TUPPER WARE belong to thecategory. 90% of direct sellers arewomen. NETWORK or MULTI-LEVEL

    marketing has over the last 20 yearsjoined this fray. Sales Reps recruit otherreps that are paid on commission.Sometimes this leads to PYRAMIDS,which may eventually become unethical.

    DIRECT SELLING

    The Salespersonpurchases productsfrom a manufactureror wholesaler andsells to consumers,often in consumers

    homes.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    10/38

    Customers can neither see nor

    touch these products andservices. It becomes completelyimportant that the salesprofessional is very well trained

    and knowledgeable in order togive his customers the assistanceand confidence they need to makecomfortable buying decisions.

    Service sellers have to sellthemselves.

    SERVICE SELLING

    This is the selling ofintangibles such asinsurance, banking,

    real estate, travel,home and businesssecurity and cleaning.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    11/38

    Representatives

    Retail Sales Representative Sells goods to consumers for personal

    use.

    Include in-store, direct seller to homesand telephone selling.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    12/38

    Wholesalers Representative

    Sells for:

    RESALE

    USE in producing goods and servicesOperate in organizations

    Firms engaged in wholesaling are called

    WHOLESAILING MIDDLEMEN. They differ

    in:The products they sell.

    The markets to which they sell

    Methods of operation

    Rep.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    13/38

    Manufacturers Representatives

    Sell for organizations that produce the products,services for market offering. They range from:

    Delivery clerks for beer, milk, bread, fuel e.t.cSpecialized sales people selling highlytechnical products.

    They may sell to:WholesalersRetailers, orDirectly to consumers

    Rep

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    14/38

    Duties & Responsibilities

    Sales representatives are territory managers-planning, organizingand executing activities that increase sales and profits in their

    territories including:Providing solutions to customer problems

    Identifying customer needs and problemsMatching the product and services to the need or problem

    Providing service to customers. Handling customer complaints. Returning, replacing damaged merchandise. Providing samples. Suggesting business opportunities. Recommending product promotion strategies.

    Helping demos at customer premises as PULL. Training customer staff.

    Sell to current and new customers Prospecting for new customers for growth. Retaining, maintaining & growing current customers.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    15/38

    Duties Help customers to resell to their customers

    Uplifting from wholesale and reselling. Developing promotional programs for your customers. Supplying promotional or advertising materials. Setting up product displays.

    Helps customers use products after purchase

    Show customers how to derive full benefit from product. Install computers/printers and demonstrate. Train on best care system/programs

    Builds goodwill with customers Establish friendship and trust (personal friendly, business, like

    relationships) with the DMU. Exercise high ethical standards, integrity and sincere interest in

    the customer. Help customers identify their need - stop selling & start

    partnering.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    16/38

    Duties Provide company with market information.

    Gather document and report information. Competitor activities. Customer reactions New products Complaints on products Service PoliciesMarket opportunities

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    17/38

    Qualifications for Success in Selling

    A good College degree or diploma will be essential isselling Love of ones job Willingness or propensity for hard work A strong work ethic Ruthlessness about time keeping Optimistic outlook Strong self confidence and well groomed The do it now mentality Knowledgeable about his/her company/products,

    competitors products and strategies, industryperformance, and pest

    Physically and mentally alert

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    18/38

    Qualification & SkillsSelling is both an art and a science.

    ART -Many skills cannot be learnt fromtextbooks. Selling takes practice like golf or tennis. A book helps but it is not enough e.g.

    1.Buyers non-verbal communication.2.Handling objections.3.Closing a sale.

    SCIENCE -A growing body of knowledge.

    Has a wealth of objective facts. Practice alone no longer enough. Learning of conceptual, human & technical skills

    necessary.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    19/38

    Skills

    The cognitive ability to see the selling process as a whole andthe relationship among its paths.

    Involves thinking and planning abilities.

    Involves matching products or services to needs. Involves knowing the relationship between the beginning ofa sales presentation and asking for the order.

    Allows the seller to think strategically.Allows the seller to understand the product, presentation

    buyer and buyer organization. Order-gotten must perceive the significant elements in a

    situation (assess).

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    20/38

    Skills .

    This is the ability to work with and through other people.

    How the buyer relates to their customers. How the sellers like and are liked by others.

    Those without are abrupt, critical, pushy, arrogant,unempathetic & unresponsive.

    This is the understanding of and proficiency in theperformance of specific tasks.

    Mastery of methods, techniques & equipment used. Specialized knowledge, analytical ability. Competent use of tools & techniques to solve problems.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    21/38

    Matching ExerciseSkill Conceptual Human Technical

    PlanningOrganization

    Time utilization

    Persuasive

    DecisivenessPresentation

    Good communication

    Listening

    Questioning

    Self-motivation

    Personal development

    Learning ability

    Flexibility

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    22/38

    Matching ..

    Skill Conceptual Human Technical

    Team co-operation

    Resilience

    Stress tolerance

    Integrity

    HonestyInitiative

    Innovativeness

    Problem solving

    Risk takingLeadership

    Good judgment

    Tenacity

    Sensitivity

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    23/38

    Establishing a course of

    Action for self and/or others to accomplish a specific goal;Prioritizing ones activities planning needed resources and

    attending to necessary preparation.

    Using time effectively and correctly,

    determining priorities to get things done speedily.

    Utilizing appropriateinterpersonal styles and methods of communications to gain

    agreement or acceptance of a product, plan, activity, or idea

    from customers.

    Some Common Terminologies

    T i l i

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    24/38

    : The ability to conduct a sales presentation

    without any ambiguity well organized and readily understood

    manner leading to a logical close.

    Being attentive to others inorder to

    understand precisely what they are saying and to askappropriate questions to check for understanding and gatheradditional information.

    To enthusiastically maintain a high well

    directed work level gaining personal satisfaction from yourown efforts.

    Maintaining social, ethical and organizational

    standards.

    Terminologies

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    25/38

    Terminologies

    Creating a favorable and professionalimpression that

    commands attention and respect.

    Modifying behavior to reach agoal.

    Handling disappointment, rejectionand work

    pressure while maintaining effectiveness.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    26/38

    You must be;

    Presentable, Smart, Clean, Well-mannered. etc

    Pleasant, Patient, Persistent, Consistent.

    Sensitive, Empathetic, Considerate.

    Persuasive, Confident, Knowledgeable.

    Honest, Reliable, Decisive, Informed.

    Good-time utilizer, Planner, Organizer.

    Good Communication, Listener and Questioner.

    Self-motivated with Initiative and Innovative.

    A risk taker and Problem solver.

    Fast leaner, Adaptive and Flexible.

    A person of Integrity, Resilient and Stress tolerant.

    Helpful.

    Characteristics

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    27/38

    Empathy & Ego DriveA good salesperson is a composite of a large amount of empathy and of ego drive.

    EMPATHY

    LOW HIGH

    EGO

    DRIVE

    HIGH

    LOW

    ed

    Ed ED

    eD

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    28/38

    Channels of Distribution and

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    29/38

    Channels of Distribution andSales Jobs

    It is essential to understand the channels used by your companyto move its products to the final consumer.Resellers or

    middlemen stock thousands of products from hundreds of sales

    people from multitude of companies.

    Vital information on them needed include;1.Likes & dislikes of each channel member customers.2.Product line and assortments of each stock/list.

    3.When they see sales person.4.Their distribution, promotion and pricing policies.5.Quantity purchases of each good in the past

    Note their differences!

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    30/38

    Channels of Distribution and Sales Jobs

    Distribution refers to the channel structure usedto transfer products from an organization to itscustomers

    Its important to have the product available tocustomers in a convenient and accessible location

    when they want it Consumer goods manufactures, by and large, sell

    their products through the wholesalers who thenresell to the retailers before the goods reach thefinal consumers

    The salesperson involved in this type ofdistribution network must be ensure steady flowof his or her products through the channelmembers to the final consumer

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    31/38

    Channels.

    The salesperson must respond expeditiously toqueries/complaints from the channel members toensure robust service provision

    The industrial goods manufacturers may selldirectly to the final consumer or use distributors

    to reach the end users The industrial salesperson is expected to have

    technical training/skills to provide solutions to thechannel members as well as the final users

    Service sales team do provide solutions directly tothe end user and therefore the service providermust be knowledgeable, personable, be everwilling to go the extra mile to serve the customer

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    32/38

    Channels.CONFLICT & CO-OPERATION

    Wholesalers may refuse to by until retailers demand the product.1. Supermarkets may already have listed a lot of products similar to

    yours and wonder why they should list.2. Why should they stock your 3 Sizes?3. Do they need to drop an existing one for yours?

    4. What alternative actions are open in the case of conflicts?o Manufacturers may sell direct to retailer if wholesalers do not co-

    operate.o Wholesalers may start OWN brands if a manufacturer fails to co

    operate.

    NB These solutions are costly to both parties in terms of loss of sales or

    input costs. Better service results in co-operation. Establish policies and actions for the benefits of both parties.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    33/38

    Sales Force StructureCompanies usually organize their sale forces based on a number

    of considerations. These include products, geographical

    distribution of their customers, and channel of distribution

    available or even on sales opportunities e.g.

    Territorial structure: Each sales rep is assigned an exclusive

    sales territory and must sell all the companys product line or

    services. Most FMCG manufacturers in this country use this

    strategy. Sales persons job is clearly defined.

    Credit or blame for results is direct.

    Good interpersonal skills required of the sales person. Travel expenses may be relatively low.

    Product structure: Some reps deal in the sampleproducts while the complex and technical products

    are handled by other reps, Kodak, Diversey. Henkel

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    34/38

    Sales Force May increase cost of travel. Leads to good product management structure.

    Requires keen supervision if division come under the samemanager.

    Customer structure: Some salespeople are structured by the

    type of customer e.g. Engineers, Doctors, Supermarkets,Wholesalers, National accounts etc Each is handled by a different

    Rep. This specialization arises due to either the need to know moreabout specific customers or the size of account. Customer needsidentified easily.

    Hierarchy sometimes means more qualified people handling thetop end of the business and customer feel important.

    Depending on geographical scatter of the customers, this could beexpensive.This is closely associated with the channels of distributors.Quite often companies may combine any two or more of thestructures in their marketing strategy.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    35/38

    Why Choose A Sales Career

    Five major reasons:

    The wide variety of sales jobs available.

    The freedom of being on your own: Freedom with responsibility. Determining owns day

    No supervision by a boss Planning calls Planning time use No roll call

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    36/38

    Career Cont..The challenge of selling

    Changing peoples lifestyles Relationship with the DMU

    Making a positive contribution to your company Convincing buyersVolume and value of sales

    The opportunities for advancement. From trainee to fullfledged sales persons. Key A/C Salesperson Regional Sales Manager National Sales Manager District Sales Manager Divisional Sales Manager Sales Vice President to present of sales.

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    37/38

    Rewards in a Sales CareerThe many rewards for a sales career. Good salary

    Flashy car.

    Psychological income.

    Training opportunities Entertainment and other allowances

    Numerous fringe benefits ( school fees)

    Overseas Leave

    Travel& health Insurance covers

    Exciting people

    Sales training

  • 7/29/2019 1-DRQ of a Sales Rep by James Muriithi

    38/38