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Closing the Sale

Closing the Sale

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Closing the Sale

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  1. Closing the Sale

  2. Closing the sale . . . . . . is obtaining positive agreement from the customer to buy.

  3. Timing the Close • Buying Signals – things customers do or say to indicate a readiness to buy. • Comments • Facial expressions • Body language • Actions

  4. Trial Close – the initial effort to close the sale. • Tests the readiness of a customer • Beneficial because you will learn, even if the customer is not ready. • Beneficial because you may reach your goal.

  5. Good salespersons . . . • Recognize closing opportunities • Help customers make a decision • Create an ownership mentality • Don’t talk too much and don’t rush a customer

  6. Specialized Methods for Closing the Sale • Which Close – encourages a customer to make a decision between two items. • Review the benefits of each item • Ask, “Which do you prefer?”

  7. Specialized Methods for Closing the Sale • Standing-Room-Only Close – used when a product is in short supply or when the price will be going up in the near future. • Use only when honestly called for • May be perceived as “high pressure” tactic • Say, “I’m sorry, but I can’t promise that I’ll be able to make you this same offer later.” • Often used with high-demand real estate

  8. Specialized Methods for Closing the Sale • Direct Close – directly ask for the sale. • Use when the buying signal is strong. • “Can I assume that we’re ready to talk about the details of your order?” • “How would you like to pay for this purchase?”

  9. Specialized Methods for Closing the Sale • Service Close – Explains obstacles that require special service in order to close the sale. • Gift wrapping • Bonuses or premiums • Help paying for the item – offer credit

  10. Failure to Close the Sale • Don’t despair • Invite the customer to shop in your store again • Business-to-business sales are rarely closed on the first call – ask if you can call again. • Practice and experience will help

  11. Effective Selling • Maintaining and building a clientele is crucial for future sales • The actual sale is just the beginning of a relationship with a customer • To keep customers, it is important to make a good impression, get to know your customers, and provide excellent customer service.

  12. Suggestion Selling • Selling additional goods or services to the customer • Don’t load customer with unneeded items • Sell items that will ultimately save the customer time and money.

  13. Benefits of Suggestion Selling • Salesperson – increases the sale – makes money & the boss likes you. • Customer – makes a purchase that they wanted or needed anyway. • Business – increases your profit.

  14. Rules for Suggestion Selling • Use suggestion selling after the customer has made a commitment to buy, but before payment is made or the order written. • Make you recommendation from the customer’s point of view and give at least one reason for your suggestions.

  15. Rules for Suggestion Selling • Make the suggestion definite • Show the item you are suggesting

  16. Suggestion Selling Methods • Offer Related Merchandise • Sometimes called “Cross-Selling” • (The easiest method to use)

  17. Suggestion Selling Methods • Recommending Larger Quantities • Often referred to as “Up-Selling”

  18. Suggestion Selling Methods • Calling Attention to Special Sales Opportunities – Inform your customer of the arrival of new merchandise.

  19. Maintaining and Building a Clientele Making a sale is the first step in maintaining and building a clientele.

  20. After-Sales Activities • Order Processing – Work quickly, leave your business card • Departure – before your customer leaves: • Reassure the person of his or her wise choice • Remind customer of any special care needed • Always thank your customer • Invite back into the store or permission to call

  21. After-Sales Activities • Follow-Up – make arrangements to follow through on all promises made • Check shipping & delivery dates • Phone the customer to see if they are happy • Send a thank-you note if appropriate

  22. Evaluation – sometimes a formal survey or the salesperson informally evaluates. • What were the strong points? • What did you do wrong? • How could you improve? • What would you do differently next time? • What can you now do to solidify your relationship?