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Selling Selling & & The Selling The Selling Process Process

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Page 1: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Importance of Importance of SellingSelling

&&

The Selling The Selling ProcessProcess

Page 2: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Retail SalesRetail SalesThe objective of a retailer is to have

what customers want when they want it.

What Is Personal Selling?◦Personal Selling: type of selling interaction

between retailers and the customer.◦Non-Personal Selling: type of selling where

there is no interaction.◦The selling process is the exchange between customer and retailer.

Page 3: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Characteristics of Sales Characteristics of Sales AssociatesAssociatesCharacteristics of Sales AssociatesSales associates:

◦Must have good people skills and be willing to assist the customer with problems.

◦Be well groomed and have good hygiene.

◦Be willing to learn knew promotions and products.

◦Must have good work ethics.

Page 4: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales Associates' JobThe Sales Associates' JobSelling Tasks

◦Involves selling the merchandise/service the sales has been hired to sell.

Associates◦Keep sales area neat and organized.◦Handle item returns, and prepare it

to return to the sales area.◦Answer customer questions and

direct customers to merchandise.

Page 5: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales Associates' JobThe Sales Associates' JobNon-Selling Tasks

◦Tasks that are not directly related to working with a customer.

Associates:◦Handle tasks such as maintaining

appearance and organization of the store.

◦Inform the manager if any items are sold out.

◦Restock supplies.

Page 6: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Product KnowledgeProduct KnowledgeProduct knowledge means being

familiar with the items and services being sold.

Associates should provide information to the customer.

Where to Get Product Knowledge:The product itself:

◦You can find product info on labels, brochures, and packages.

◦This source and answer most common questions.

Page 7: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Product KnowledgeProduct KnowledgeWhere to Get Product

Knowledge:(cont.)◦The Product’s Manufacturer:

Manufacture representatives are trained on the product and can answer questions about the product.

Manufacture websites with product info.◦Trade Publications

Newspapers or magazines that have info on a particular business or industry.

Feature articles about trends, companies, and new products of interest.

Page 8: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Buying MotivesBuying Motives

Motives that cause customers to purchase a product are identified in two categories: Rational and emotional motives.

Rational Buying Motives:◦A rational buying motive: a customer

makes a decision based on a reasonable idea.

◦Another motive in this category includes financial motivations.

Page 9: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Buying MotivesBuying MotivesEmotional Buying Motives:

◦An emotional buying motive is determined by how a product makes you feel.

◦Some examples include peer acceptance, power, and the desire for physical beauty.

◦Many customers don’t think these are emotional motives, they think they are rational motives.

Page 10: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Buying MotivesBuying MotivesUnderstanding Buying MotivesIt is common for a customer to

have a combination of both motives.

Sales associates should understand the customers motive to determine which products might interest a customer.

Page 11: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales Process – Step-by-The Sales Process – Step-by-StepStep

A-N-A-P-O-C-S◦ Approaching the

customer◦ Presenting the

product◦ Overcoming

objections◦ Closing the sale◦ Suggestion selling◦ Relationship building

Page 12: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales ProcessThe Sales ProcessApproaching the customer:

◦ Greet customer face to face.◦ Do not stereotype a customer

Age, sex, race, religion, or appearance.

◦ Discover the customers buying style. Some customers like to do business

quickly, while others move at a slower pace.

◦ Ask open ended questions◦ It is extremely important that the

sales person smiles and acts friendly.

Page 13: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales ProcessDetermining needs:

◦Learn what the customer is looking for in a product in order to determine which products to present.

◦Use open ended questions that encourage customers to do the talking.

◦Ask clarifying questions to make sure you understand the customers needs.

◦Don’t ask questions that might embarrass customers or make them defensive.

Page 14: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales ProcessPresenting the product: Show and Tell

◦Products to show: Once you know the intended use of the product, select a few items to show.

◦Price range: If you don’t know the price range, begin with a medium priced product.

◦How many products to show: No more than three products at a time.

◦What to say: Talk about product features and benefits.

Page 15: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales ProcessThe Sales Process

Overcoming objections: ◦ Learn why the customer is hesitant to

buy, provide information to overcome the objection and help the customer make a satisfying purchase. Objections: sincere reasons for not

making a purchase. Excuses: insincere reasons for not

buying a product.

◦ Objections can occur anytime, and should be answered promptly.

•I don’t think I can afford this...

•I don’t think I can afford this...

Page 16: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales ProcessClosing the sale:

◦Get the customer’s positive agreement to buy.

Buying Signals: things customers do or say that indicate readiness to buy.

Trial Close: an initial effort to close a sale.

Page 17: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

The Sales ProcessThe Sales ProcessSuggestion selling:

◦ Suggest additional products that will save the customer money or will help the customer better enjoy their original purchase.

Relationship building:◦ Create a means of maintaining

contact with the customer after the sale.

Page 18: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Feature/Benefit SellingFeature/Benefit SellingFeature/Benefit selling means

turning the features of a product into concepts that a customer might want to purchase.

Product Features:◦Physical aspects of a product.

Product Benefits:◦The advantages that a customer

receives from the product features.◦Customers like to hear about features

that are included with the product.

Page 19: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

Feature-Benefit ChartFeature-Benefit ChartCan compare the F & B of one product

-or-Compare features of different competing

items

Page 20: Importance of Selling & The Selling Process. Retail Sales The objective of a retailer is to have what customers want when they want it. What Is Personal

How Important…How Important…Selling Policies used by Selling Policies used by RetailersRetailers Profitability Decision Making

◦ Discounts, Theft, Return, Trade, Pricing

◦ Merchandise Discounts◦ Damaged Discounts

Return Policies◦ Exchanges◦ Refunds

Delivery Policies◦ Cost passed on to customer◦ Surcharge charged as a separate expense

Selling Process Policies◦ Greeting, Suggestion Selling, Quantities