pharmaceutical selling
DESCRIPTION
Pharmaceutical Selling: From Induction to Evolution, A Complete GuideTRANSCRIPT
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Course Facilitator: Dr. Awais e Siraj
MBBS (KE, 1994) MBA (SGBS, Glasgow 1997)
Product Manager 1997-2001 Medical and Regulatory Affairs Manager 1999-2003 Business Unit Manager 2003 to 2006 Sales Manager, Boston Scientific Regional Office,
Beirut, Lebanon Assistant Professor, Department of Management
Sciences, COMSATS, Islamabad. Publication:
The Art and Craft of Pharmaceutical Selling: GA Communications, Lahore, 2003.
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Why are we all here? To sharpen our ‘selling skills’ To have a better understanding of our customer To prepare ourselves better for our communication Foster an insatiable will to win
Victory belongs to those who want it most Be constantly impatient with the status quo Remain highly ethical at all times Demand to hear the truth from our customers and our business partners. Focus on continuous improvement
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Pillars of Pharmaceutical SellingM
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Job, Salary, Targets Incentives
Patient, EfficacySafetyCost effectiveness
Cure, Cost
Salary, Benefits
Salesmanship
Patient
Fee
Prescription
Queries
Information
Medical Representative
Manufacturer, Importeror Distributor
Money
Medicines
Money
Medic
ines
The Pharmaceutical Sales Cycle
Chemist
Doctor
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The Art of Pharmaceutical Selling
Basics Pharma companies and their
salespeople Positive frame of mind Goal setting – the key to success Mission statement
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Baby Steps!!!!
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The Art of Pharmaceutical Selling
Gear up for sales call Pre – Call Planning
Who are your customers? Know your customers
Examining your wardrobe Timing Rehearsal
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Rehearsal
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Pareto’s Law
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The Art of Pharmaceutical Selling
Taking care of your means of transport Traveling Distribution and distributors Chemist first! Arrange your belongings While in the waiting room, observe Liaison with gatekeepers Shaping initial discussion
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PROSPECTING
Identify markets, segments, competition and requirements needs to be met To find potential customers; to Qualify, Classify and Categorize Basis for the strategy for the Sales call Proper allocation of time and frequency of sales calls. A continuous process ; all changes must be known at all relevant levels
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Pre-call Planning
Align your objectives Do you have a clear call objective? Is the objective identified on your
strategic direction? Is the objective S. M. A. R. T? What can you offer that may be of
interest to the customer?
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Pre-call Planning Do you have a clear
call objective? Secure a purchase order for
100 packs of a specific injection by the end of the day
Gain commitment from a targeted physician to a 6-week evaluation of a specific new product
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Is the objective identified in your strategic direction/Performance Goals? Confirm that it is a priority for your
territory and division What tactics are linked to this particular
strategy? Does your plan support the chosen
tactics?
Pre-call Planning
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Pre-call Planning Is your objective
S.M.A.R.T? Specific Measurable Achievable Relevant Time-bound
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Pre-call Planning
Your Offerings: Clinical support Financial savings plans Free delivery Next day service International data Broad product portfolio Proprietary technology Price discounts Product in-services Professional support Symposia coordination.
What influences them:
Third-party references Revenue to the hospital Delivery Support Product Availability Recognition Full line supplier Innovation and technology Price Technical Support Relationships Congress involvement.
Do you have what they want?
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Pre-call Planning
Sales Tools
Do you have all the tools and resources you need to conduct a complete call?
Are you carrying a complete sales bag into every call?
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The Art of Pharmaceutical Selling
Lights, camera, action The sales call On the stage First impression is the lasting impression
Remember the name of your doctor
Know your lines
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The Art of Pharmaceutical Selling
Lights, camera, actionMake it naturalThe speed of your speechThe game of feature and benefitOwn “their” concernsPatient’s pocket is the decision-maker
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The Art of Pharmaceutical Selling
BridgingMode of communicationCredibilityMake them feel specialValue proposition
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The Art of Pharmaceutical Selling
Active listeningSelling with evidenceAdopt a proactive attitudeDiscuss with confidenceResearch and generics
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The Art of Pharmaceutical Selling
Impress them with numbers Repeat the name of product time and
again Ready made answers Short and long calls and a few in between Negotiations Apprehensions
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The Art of Pharmaceutical Selling
Convenience Different strokes for different folks Choose your words carefully Tell them about the old days Managing time Talking to a group of customers When the day is just not right!
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The Art of Pharmaceutical Selling
Selling skills Opening Probing Reinforcing Gaining commitment Objections
Misunderstanding When the customer is right Uninterested customer or satisfied with another product Disbelief
Closing Complainers are most loyal customers Is that all about “selling skills”
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Super Selling through “Skills”
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Selling Skills
Establishing the Clinical Need
“No Need = No Sale”
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Selling Skills
Basic steps to an effective sales call:
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Selling Skills Basic steps to an effective
sales call:
Opening Exercise:
Write an opening statement of your call and share it with your colleagues
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Selling Skills Basic steps to an effective sales call:
Opening Probing
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Selling Skills Basic steps to an effective sales call:
Opening Probing Reinforcing
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Selling Skills Basic steps to an
effective sales call: Opening Probing Reinforcing Offering a Solution
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Selling Skills Basic steps to an
effective sales call: Opening Probing Reinforcing Offering a Solution Handling Objections
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Selling Skills Basic steps to an
effective sales call: Opening Probing Reinforcing Offering a solution Handling Objections Gaining commitment
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Building a Call
Opening
Probing
Reinforcing
Offering a Solution
Handling Objections
GainCommitment
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Openings What defines of a strong opening?
Of interest to the customer Successfully gains favorable attention Identify why you are there Consistent with your call objectives Tailored to the customer’s profile Encourage the customer to further discuss.
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Reinforcing
What is “reinforcing?” Statements which…
Paraphrase the physician concerns
Confirm “the need” Establish a sense of urgency in the eye of the customer.
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Reinforcing Why do we “Reinforce?”
Add value to the approach in the eyes of the physician
To establish a strong need for the product or program you wish to introduce.
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Offering a Solution What does the solution statement
accomplish? It fulfills the customer’s new found “need” It builds value to the product or program you are
about to deliver It serves as a problem solving statement to the
conversation It gives you the right to get a prescription or
introduce a program.
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Gain Commitment Implied needs versus specific needs
Implied Needs: When the customer states dissatisfaction When the customer agrees that his/her current modality or
drug has a shortcoming but they can “live with it”
Explicit Needs: When the customer specifically states that he/she wants or
needs to make a change When the customer suggests the next action steps.
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Gain Commitment Before planning the follow-up
call, consider: How do I feel about the call? How effective was my plan? Did I accomplish/advance my call
objective? What went well that I should keep? What didn’t go well that I should change? What do I see as the next step with this
customer?
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Selling Skills – Handling Objections
Brainstorming on common objections...
Product performance / desired outcome Price Product familiarity Product reliability (actual and perceived) Clinical need / relevance to practice.
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Objections
Why customers raise objections? Why shouldn't they raise
objections?
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Why are we scared of objections?
We are scared that the customers ask for more favors than the business they generate for us.
We are also scared of responsibility.
Scared of critique and criticism
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Part I Objection Types
Misunderstanding When the customer is right!
(Real Objection) Uninterested customer or
satisfied with another drug (Lack of Interest)
Skepticism/Disbelief
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Misunderstanding An erroneous impression about the
characteristics of a product or company Usually develops when the customer fails
to get a first hand knowledge of your products or the company
It can also be due to lack of proper communication in the previous calls whereby the information was communicated in a crude manner
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Misunderstanding
It is also possible that your company representatives have never visited the doctor before and hence his information about the product or the company is derived from not very reliable sources
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Real Objections
When the customer is right! Know the difference between a
misunderstanding and a real objection There is hardly any ideal drug available
in the market. So any customer can come up with an
objection, which is true in letter and spirit
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Lack of Interest
Uninterested customer or satisfied with another drug (Lack of Interest) An uninterested customer is usually the
one who is prescribing an old and established product from a competitor and is quite satisfied with it.
This kind of customer is usually the one who hates change and is not willing to take risks, whether it concerns his own practice, his personal life or a new medicine
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Skepticism Skepticism/Disbelief
Disbelief or skepticism comes usually from a very choosy customer.
Unfortunately a live demonstration cannot be made in case of pharmaceutical products. (Unless it’s an instrument or a procedure)
Hence you will have to rely on the clinical trial data and published scientific evidence in leading medical journals
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Objections
Complainers are your most loyal customers -
Don’t avoid them
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Strategies to Handle Objections
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Objections
The rule for handling objection is simple: “Do whatever it takes to make things right when things go wrong – No matter what” T. Scott Gross (1998)
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Handling Misunderstanding
Misunderstanding can be detected through customer signals
Customer signals can only be picked through active listening
Hold for a second Probe very gently for further clarification. Do not embarrass the doctor by saying,
“What are you talking about? Your argument is totally baseless.”
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Handling Misunderstanding
You need to do it very delicately and in a very sophisticated manner like: “I think I could not make you
understand………….” “You will be delighted to know that this is not
actually the situation but………..” Provide the correct information Repeat the same for a permanent
impression on the doctor’s mind.
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Handling Real Objections
If it is an unquestionable weakness of your product, you cannot deny it.
Simply probe to clarify and differentiate between a misunderstanding and a real objection
Acknowledge the concern of your customer The customer will develop a lot of empathy
towards you. Reduce the impact by describing a benefit
that really supercedes the deficiency
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Handling Real Objections You can also make a comparison with
other products in the market if this is a common problem
Clinical and published data can be used as support to prove that the specified problem is rare and/or transient
Your marketing department should also provide you a strategy to deal with such specific situations.
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Handling Real Objections
One of the training corporations based in USA suggests to follow the “five A’s” principle in such situations:
Acknowledge Apologize Accept Adjust Assure
Don’t forget to reemphasize the point and secure commitment.
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Handling Lack of Interest An uninterested customer is usually not very
talkative. A series of closed probes (well thought out
obviously) can expose his need Open probes are not usually successful
because an uncommunicative customer would not like to reveal the shortcomings of his favorite product.
it is not advisable to push him to the wall A prerequisite of this, however is a thorough and
comprehensive knowledge of the competitors’ products.
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Do not attack head onAlways use a diplomatic approach
Once done, you can emphasize your point and then ask for a commitment
Handling Lack of Interest
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Handling Skepticism
Addressing only the point of concern Defying it through means of scientific evidence
Reemphasize and explain the benefit
In the end, try to secure commitment
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Final Word!
One word says it all! Listen Listen Listen Listen
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The Hidden Agenda?????
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Selling Skills – Handling Objections
Demonstrate that you understand
Probe Uncover what is most important
Answer Respond with a solution
Confirm Verify that the solution is adequate
Acknowledge
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Selling Skills – Handling Objections
Verify the solution is adequate Test for confirmation by suggesting the
next step of action. “Doctor, if I can demonstrate to you
that the < drug > addresses your concern, will you be willing to evaluate its performance in an actual procedure?”
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Selling Skills – Closing the Sale You close the sale ONLY after you have
completely resolved the customer’s objection If you believe you have completely resolved
the objection, you should attempt a “trial close”….
“So doctor, now that I’ve shown you all the data, would you agree that < drug > offers < needed benefit > which directly addresses your concerns?”
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Selling Skills – Closing the Sale
If the customer agrees to the “trial close”, you have the right to attempt a “hard close” by asking for the business.
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Selling Skills – Closing the Sale
The “hard close” “Doctor, since you agree that
< product > offers those benefits which are most important to you and your patients, would you be willing to use it as your primary modality in every case?”
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The Art of Pharmaceutical Selling
The “marketing mix” Literatures/folders Prescription pads Clinical studies Gimmicks and giveaways Sponsorships Clinical seminars and congresses
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The Art of Pharmaceutical Selling
The “marketing mix” Group discussions and round table meetings Opinion leader lectures and speaker programs
Selecting a speaker Arranging a speaker program Lunch/dinner or tea
Use of phone, e-mail and mailings Internet/ e – marketing Days to remember!
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The Art of Pharmaceutical Selling
After the sales call Retain Business Establish relationships Relationships with medical students &
fresh graduates Post call analysis Follow ups Repeat calls
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Retaining the Business
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Retaining the Business
How do you protect your current business?
How do you ensure that new business “sticks?”
Is the approach different for each scenario?
How can you increase the customer’s “mind share” of your company?
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Retaining the Business
Possible ways to accomplish both: Communicate to all Conduct in-services (RTM’s, Group Promos etc.)
Leveraging Marketing Support Review your price structure and give
feedback Continually upgrade to new technologies Continually reinforce current technologies Develop additional end users.
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Retaining the Business Conduct frequent meetings
Give your physicians enough opportunity to gain confidence on the drug before the first prescription
Have you set proper expectations regarding the performance?
Collect quick feedback on initial cases. What about existing business? How
often do we in-service these products?
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Retaining the Business Ensure proper placement Are your products
Conveniently available At the nearby pharmacies In the hospital stores
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Retaining the Business Review your price points
Is your pricing in line with the market? If your company is at a premium price, does
the customer justify this difference? Can you bundle other items into the
agreement? What about rebates?
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Retaining the Business Continually upgrade services
Strengthen your position with the best practices available
Don’t be content with your initial offerings
Next generation drugs increase your value and can eliminate possible competitors.
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Retaining the Business Continually Reinforce Current
Technologies Maintain regular dialogue on the performance
of your drugs currently being used Re-confirming customer satisfaction with
existing technologies reestablishes your position as the market leader.
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Retaining the Business Develop additional
Customers Don’t stop with just one doctor Who else potentially see the cases in the same facility?
What about other departments in the hospital?
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The Art of Pharmaceutical Selling
After the sales call Retain Business Establish relationships Relationships with medical students &
fresh graduates Post call analysis Follow ups Repeat calls
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The Art of Pharmaceutical Selling
Something more Exploring the hidden agendas Cultures & traditions of different cities & localities Cost of one call Use your own head in addition to product
manager’s Fight on pricing? Should you? Don’t pretend to know everything Do “they” know everything?
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The Art of Pharmaceutical Selling
Never argue Don’t be too predictable-be different Taking risks Working at odd hours Controlling your temper Institutional/hospital selling Joint sales calls So! Was it a good day or a bad day?
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The Art of Pharmaceutical Selling
It isn’t fun if it’s easy “No medical reps please” Competitor loyal Apathetic doctors “I am the authority” Analytical and critical doctors Loyal and non loyal customers
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The Art of Pharmaceutical Selling
Evaluate thy “self” Make yourself dearer for the
employer Climbing up the ladder by
volunteering “Furlough” “kaizen” training and learning Choose your future today
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The Art of Pharmaceutical Selling
Motivation You are master of your success Are you Mr. Perfect? Managing your stress Ride the change lion Self respect
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The Art of Pharmaceutical Selling
PHARMA SALES IS IT AS SIMPLE AS 2 + 2 = 4 SMILE, LAUGH AND TAKE IT EASY! RELAX AND HAVE FUN
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Relax!