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1. 16Personal Selling Professor Close
2. Introduction to Personal Selling (1) Importance: almost every company can benefit from personal selling
10% of workforce (how many have? How many would like to?)
Often largest operating expense (up or out; car dealers)
Customer contact (info & customer impressions)
3. Introduction to Personal Selling (2) Sales management: decisions
Sales force
# (of salespeople; big issues with commissions, customers and turnover)
Compensation
Straight salary: most security, control, and simplicity
Straight commission (most incentive)
Direct: Salary
Indirect: part of firm earnings
4. Introduction to Personal Selling (3) Compensation (cont)
Align incentive with firm interest (Sears)
Combination: most popular (some security and incentive)
Supervision (Nadler and Golf)
Skills/training (Jennifer @ Olde)
Can you learn? Some product info and customer needs (indstr; Nadler: uniforms, face lift)
Why not train?
5. Introduction to Personal Selling (4) Who to serve?
Sales territory: geographic area; clear responsibility (overlap; lead in another)
Major accounts: special treatment for large (fleet sales for cars)
6. Introduction to Personal Selling (5) Selling techniques
Customers ? (80-20 rule)
3 sales presentations
Prepared: more talk, canned leads to trial close, low skill (telemarketing)
Consultative: listen, less talk, help solve problems, customers differ, high skill
Selling formula: start prepared then steps outlined
7. Job of Personal Selling (1) Duties:
Order getting: without order getters, many of the products we now rely on ranging from mutual funds to air conditioners might have died in the market introduction stage
Seek new clientele with sales presentation
Prospecting: follow all leads (allocate time on potential) insurance, graduate
8. Geico Commercial
9. Job of Personal Selling (2) Duties (cont)
Order taking
Serve current customers and complete routine sales
Regular route and customers (relationships as much as selling: Brian Allen)
Low aggression and pressure: pejorative
10. Travelocity Commercial
11. Job of Personal Selling (3) Duties (cont)
Supporting salespeople: no selling, help order getters & order takers
Missionary: entry level
Goodwill, stimulate demand for products
Tasks: training, coop ads, sales promotion (increase sales 2-3x)
Technical specialists: often after o.g. & o.t. visit
Scientists and engineers
Provide details on complex processes (installation, maintenance etc.)
May mix three jobs (retraining people)
12. Summary READ:
Sales quotas (439-440)
3 sales presentations (443-444)
Order getting vs. order taking vs. supporting
Payment methods
3 types of sales presentations
Any questions??