6-1 communicating the sales message 6. 6-2 communicating the sales message
TRANSCRIPT
![Page 1: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/1.jpg)
6-1
Communicating the Communicating the Sales MessageSales Message
66
![Page 2: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/2.jpg)
6-2
COMMUNICATING THE SALES MESSAGE
![Page 3: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/3.jpg)
6-3
COMMUNICATING THE SALES MESSAGE
Learning Objectives
• Understand the characteristics of a sales presentation
• Identify sales presentation strategies
• Discuss the steps in preparing for the sales presentation
• Discuss the steps involved in approaching the customer
![Page 4: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/4.jpg)
6-4
COMMUNICATING THE SALES MESSAGE
Learning Objectives
• Understand how to apply your sales knowledge to the customer’s needs
• Understand how important product demonstrations are in the presentation
• Define the keys to a great sales presentation
• Understand the role sales managers play in sales presentations
![Page 5: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/5.jpg)
6-5
COMMUNICATING THE SALES MESSAGE
Fitting the Presentation to the Customer
SituationSalesperson’s focus should be:
First meeting w/ customerListening (about 80% of the total meeting time) to determine the customer’s needs
Competitors trying to take business away
Restating the value proposition
Winning back lost customers
Letting customers vent their frustration
Making the final presentation before the order is given
Answering any last minute details for the customer
Source: Julia Chang, “Tailor Made,” Sales and Marketing Management, April 2003, pp.37-41.
![Page 6: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/6.jpg)
6-6
COMMUNICATING THE SALES MESSAGE
Communicating the Sales Message
• Delivery of information relevant to solving the customer’s needs
• Often involves a product demonstration
Sales presentation -
![Page 7: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/7.jpg)
6-7
COMMUNICATING THE SALES MESSAGE
expert advice 6.1
– Research the customer’s business and technical needs in advance of the sales call
– Tailor the presentation materials according to the research results
– Listen to what the customer says in the meeting, then further refine the discussion to meet the customer’s needs and interests
Three most important characteristics of a successful sales presentation
![Page 8: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/8.jpg)
6-8
COMMUNICATING THE SALES MESSAGE
EXHIBIT Characteristics of a Great Sales Presentation
• Explains the Value Proposition
• Asserts the advantages and benefits of the product
• Enhances the customer’s knowledge of the company, product, and services
• Creates a memorable experience
6.1
![Page 9: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/9.jpg)
6-9
COMMUNICATING THE SALES MESSAGE
Enhancingthe Customer’s Knowledge - Example
• Pampers brand does a good job of enhancing customer product knowledge
• Visit the “What We Are Made Of” page on their website (www.pampers.com)
• Here you will find a complete description of the product and its benefits
![Page 10: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/10.jpg)
6-10
COMMUNICATING THE SALES MESSAGE
EXHIBIT Sales Presentation Strategies6.2
Presentation Strategy
Focal Point of Presentation
Talk/Listen Ratio
Memorized Product 90/10
Formula Product 70/30
Need satisfaction Customer 50/50
Problem solving Customer 40/60
![Page 11: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/11.jpg)
6-11
COMMUNICATING THE SALES MESSAGE
Memorized Presentations
• May discuss some areas not important to the customer and leave out some that are
• Tend to seem high pressure
• Ensure consistent delivery
• Are able to deliver more information in the same amount of time
![Page 12: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/12.jpg)
6-12
COMMUNICATING THE SALES MESSAGE
Formula Presentations
• Get the customer’s attention• Create interest in the product• Develop a strong desire for the product• Move the customer to action
Based on the acronym AIDA
![Page 13: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/13.jpg)
6-13
COMMUNICATING THE SALES MESSAGE
• Need identification stage – questioning the customer to discover needs
• Need analysis stage – by combining knowledge of the company’s products and services with the recognition of the customer’s needs, determining how to best meet those needs
• Need satisfaction stage – presenting the company’s solution to the customer’s needs
Need Satisfaction Presentations
![Page 14: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/14.jpg)
6-14
COMMUNICATING THE SALES MESSAGE
Problem-Solving Presentations
• Focus on customer
• Considered the most complex and difficult presentation strategy
• Preferred presentation strategy in relationship selling
![Page 15: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/15.jpg)
6-15
COMMUNICATING THE SALES MESSAGE
How Technology Can Help You
• Portable computer systems - match the technology to meet presentation needs (don’t overbuy)
• Wireless communication – connecting to the company or anywhere else on the Internet allows the salesperson to provide the most current data available
![Page 16: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/16.jpg)
6-16
COMMUNICATING THE SALES MESSAGE
• Companies are combining a variety of workplace tools into one device
• Visit Palm Products at www.palmone.com/us and review the Treo line of products
• The Treo line combines PDAs with digital cell phone technology for total communication, scheduling, and contact management
Wireless Communication - Example
![Page 17: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/17.jpg)
6-17
COMMUNICATING THE SALES MESSAGE
McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies, Inc. All rights reserved.
INNOVATION 6.2
• Can be used as a traditional laptop or as a “legal pad” by recognizing the user’s handwriting on the screen
• Uses Microsoft Windows XP Tablet PC software
Tablet PC May Revolutionize the Selling Experience
Source: “Tablet PCs: Hot or Not?” Michael Weinreb, Sales and Marketing Management, April 2003, p. 21.
![Page 18: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/18.jpg)
6-18
COMMUNICATING THE SALES MESSAGE
McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies, Inc. All rights reserved.
INNOVATION 6.2
• Many companies offer tablet PCs• Acer• Fujitsu• Hewlett-Packard• Motion Computing• Toshiba• ViewSonic
Source: “Tablet PCs: Hot or Not?” Michael Weinreb, Sales and Marketing Management, April 2003, p. 21.
Tablet PC May Revolutionize the Selling Experience
![Page 19: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/19.jpg)
6-19
COMMUNICATING THE SALES MESSAGE
Setting Goals and Objectives
Presentations should meet at least one of the five following goals:
• Educate the customer
• Get the customer’s attention
• Build interest for the company’s products and services
• Nurture the customer’s desire and conviction
• Obtain a customer commitment to action (purchase)
![Page 20: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/20.jpg)
6-20
COMMUNICATING THE SALES MESSAGE
Approach the Customer
• Before the meeting – never make the customer wait
• Greeting the customer• Dress appropriately• Turn off or silence all wireless communication devices• Be organized
• The first three minutes • Build rapport• Non-controversial subjects
![Page 21: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/21.jpg)
6-21
COMMUNICATING THE SALES MESSAGE
Objectives of the Customer Approach
• Get the customer’s attention
• Create enough interest in you, your company, and its products and services that you can continue the presentation
![Page 22: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/22.jpg)
6-22
COMMUNICATING THE SALES MESSAGE
leadership 6.3
• Portray a confident but not superior manner
• A clean, neat appearance is essential to making a positive first impression
• It’s important to smile
• Try to use your prospect’s name when conversing
Never Underestimate the Power of Your First Impression
![Page 23: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/23.jpg)
6-23
COMMUNICATING THE SALES MESSAGE
leadership 6.3
• Show that this meeting is important to you
• Don’t apologize for taking your prospect’s time
• Be comfortable and relaxed
• Position yourself through everything you say and do
Never Underestimate the Power of Your First Impression
Source: Bill Brooks, “Never Underestimate the Power of Your First Impression,” American Salesman, April 2002, pp. 3-5.
![Page 24: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/24.jpg)
6-24
COMMUNICATING THE SALES MESSAGE
EXHIBIT Approaches to the Sales Presentation
• Referral
• Customer Benefit
• Question
• Assessment
• Product demonstration
6.3
![Page 25: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/25.jpg)
6-25
COMMUNICATING THE SALES MESSAGE
EXHIBIT The Sales Presentation6.4
![Page 26: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/26.jpg)
6-26
COMMUNICATING THE SALES MESSAGE
EXHIBIT Categories of Questions6.5
Question Type
Advantage Disadvantage
Unrestricted Encourages customer to speak
Time consuming
Restricted Gets specific information Discourages dialogue
Data Collection
Uncovers relevant data Wastes customer time
Investigation Helps uncover customer needs
Difficult to manage responses
Validation Provides customer buy-in Can derail presentation
![Page 27: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/27.jpg)
6-27
COMMUNICATING THE SALES MESSAGE
Questioning Drives a Great Presentation
• Unrestricted/restricted questions – encourage the customer to share information• Unrestricted – encourage the customer
to speak more freely and salesperson to develop a richer understanding of the customer’s needs
• Restricted – provide specific information from the customer that the salesperson can use to shape the presentation
![Page 28: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/28.jpg)
6-28
COMMUNICATING THE SALES MESSAGE
Questioning Drives a Great Presentation
• Data collection questions • Gather basic data about customer’s
current business or historical perspective• Limit use in presentations
• May provide information that interferes with elements of the presentation
• Customer may perceive a lack of preparation
• Investigation questions – assess the customer’s current state of mind
![Page 29: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/29.jpg)
6-29
COMMUNICATING THE SALES MESSAGE
Questioning Drives a Great Presentation
• Validation questions – help get agreement from the customer
• Situation questions – provide basic information about the customer’s situation
• Problem questions – get the customer concentrating on particular issues
![Page 30: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/30.jpg)
6-30
COMMUNICATING THE SALES MESSAGE
Questioning Drives a Great Presentation
• Implication questions – help the customer recognize a problem’s implications
• Need payoff questions – directly connect the problem with the value proposition
![Page 31: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/31.jpg)
6-31
COMMUNICATING THE SALES MESSAGE
leadership 6.4
The SPIN Selling Approach
Situation Questions Finding facts about the customer’s existing situation
Problem Questions Learning about the customer’s problems
Implication Questions Learning about the effects of the customer’s problems
Need Payoff Questions Learning about the value of a proposed customer solution
Source: Neil Rackman, SPIN Selling (Burr Ridge, IL: McGraw-Hill, 1988).
![Page 32: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/32.jpg)
6-32
COMMUNICATING THE SALES MESSAGE
Listening• In sales, listening is as, or more, important than
talking
• Most people listen actively only 25% of the time
• Most people can hear up to 800 words per minute, but only speak around 140 words per minute
• Active listening - requires commitment to focus on the speaker, concentrate on what is being said, and
take in nonverbal as well as verbal messages
![Page 33: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/33.jpg)
6-33
COMMUNICATING THE SALES MESSAGE
EXHIBIT Guidelines for Active Listening6.6
Source: Dan Sharp, “Guidelines for Active Listening and Reflection,” www.salesconcepts.com, June 2003
1.Listen patiently
2.Try to understand the feeling the other person is expressing
3.Restate the person’s feeling
4.Allow time for discussion to continue without interruption
5.Avoid direct questions and arguments about facts
![Page 34: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/34.jpg)
6-34
COMMUNICATING THE SALES MESSAGE
EXHIBIT Guidelines for Active Listening6.6
Source: Dan Sharp, “Guidelines for Active Listening and Reflection,” www.salesconcepts.com, June 2003
6.Repeat points you want to know more about
7.Listen for what is not said
8.When solicited, be honest in your reply
9.Do not get emotionally involved
10.BE QUIET
![Page 35: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/35.jpg)
6-35
COMMUNICATING THE SALES MESSAGE
Sell FAB
• Feature – any material characteristic or specification of the company’s products or services
• Advantage – a particular product/service characteristic that helps meet the customer’s needs
• Benefit – the beneficial outcome to the buyer from the advantage found in the product feature
![Page 36: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/36.jpg)
6-36
COMMUNICATING THE SALES MESSAGE
Satisfy Customer Needs
• Get customer agreement
• Minimize change conflict
• Establish the relationship
![Page 37: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/37.jpg)
6-37
COMMUNICATING THE SALES MESSAGE
Keys to a Great Presentation
• Demonstrations
• Three benefits to the salesperson• Can build credibility with customers
• Create a greater connection between the customer and the product
• Enhance the effectiveness of your communication
• Prepare for a successful demonstration• Develop objectives
• Get customers involved
• Practice, practice, practice
![Page 38: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/38.jpg)
6-38
COMMUNICATING THE SALES MESSAGE
McGraw-Hill/Irwin © 2005 The McGraw-Hill Companies, Inc. All rights reserved.
INNOVATION 6.5
• Focus on listening
• Ask for clarification
• Be brief
• Don’t repeat yourself
• Ask, “Am I making sense?”
• Have an open-door policy
• Use self-deprecating humor
How to be a Better Communicator
Source: “How to Be a Good Communicator,” Sales and Marketing Management, February 2003, p. 46.
![Page 39: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/39.jpg)
6-39
COMMUNICATING THE SALES MESSAGE
EXHIBIT Demonstration Checklist
• Justify the need for a product demonstration
• State the objective of the demonstration
• Design the demonstration
• Rehearse the demonstration
• Plan for unforeseen circumstances
6.7
![Page 40: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/40.jpg)
6-40
COMMUNICATING THE SALES MESSAGE
Nonverbal Communication
• Nonverbal communication is the most important element in the communication process
• Less than 10% of communication is based on what we say
![Page 41: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/41.jpg)
6-41
COMMUNICATING THE SALES MESSAGE
Customer Nonverbal Communication
• Face – single most important feature in nonverbal communication
• Arms and hands – open indicate person is open to communication
• Body language • Leaning forward = interest• Leaning backward = lack of concentration• Quick movements = change of mind
![Page 42: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/42.jpg)
6-42
COMMUNICATING THE SALES MESSAGE
Customer
Public Space
Social Space
Personal Space
Intimate Space
12’4’2-3’
Territorial Space
![Page 43: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/43.jpg)
6-43
COMMUNICATING THE SALES MESSAGE
When Things Go Wrong
• Interruptions during the Presentation• Assess nature of interruption• Consider as an opportunity to plan where
to take the presentation from here
• Inappropriate Environment - be prepared for less than ideal conditions
• Technology Failure – always have a backup plan
![Page 44: 6-1 Communicating the Sales Message 6. 6-2 COMMUNICATING THE SALES MESSAGE](https://reader036.vdocument.in/reader036/viewer/2022062320/56649d8a5503460f94a6fbcd/html5/thumbnails/44.jpg)
6-44
COMMUNICATING THE SALES MESSAGE
Sales Manager’s Role
• Mentor – help salespeople improve their presentation skills
• Salesperson – especially at presentations to large customers
• Equip salespeople for success• Training• Equipment• Motivation