Fundamentals of Selling
Fundamentals of Selling
By : Omar Saied
Certified Sales Trainer
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Reference
Main Reference Secondary Reference
Sales Cycle
Why People Buy
Marketing Vs Selling - Prospecting
- Call Planning
- Marketing Definition - Selling Psychology
Introduction - Approach
- Change of Concept - Client Persona
- Presentation
- Product Vs Product + - Emotional Selling
- Objection World
- Sales Definition - Personal Selling - F.A.B & Product+ - Closing Techniques
- History of Selling - Relationship .M - Need Analysis
- Follow Up
- Types Of Selling - Sales Communication
- Sales man character
- Fear Of Sellling
- The Science Of selling
Sell me this pen
“ Nothing happens until
What’s sales? someone sells something “
05
04
03
02
01
03
History of sales
1 2 3 4
This role involves working out of your office and This role involves spending a lot of time visiting
generating sales via the phone, email, and online. prospects and clients in person. You may be in charge of
You may spend a lot of your time working on cold a particular territory. You should have strong
leads. interpersonal skills, be comfortable with face-to-face
interactions, and be self-motivated.
10
Sales People Types
Salesman Characteristics
Characteristic 1 2 3 4 5
Charisma
Confidence
Finding Prospects
Closer
Relationships with Customers
Communication / Presentation Skills
Desire / Passion
Self Learning / Development
Rejection (it’s not Personal )
Handling Objections
Imagine The Repeat ..Repeat Use It or lose it Master Your Remember Your
Result Style Methods
Fear Of Sales
Employee Rejection
Mentality
Poverty
Thinking Bad Training
Overcome your Fear State
17
Learn to love “NO” How to overcome the negative effect
of “No” Answer from Customers ?
Good Experience
1 2 3 4
STP
Market Targeting
Marketing Mix
Marketing Vs Selling
Levels Of Relationship
(Personal Selling)
Relationship Gap
Consultative Selling
Why People Buy ?
(Psychology Of Selling)
Pavlov’s Dog
Psychological selling Rules
1- Emotional Not Rational
Change Your Selling Reasons
Personal Pleasure
Satisfy Their Needs
Vanity
Good Price
Comfort / Luxury
6/7/2019 44
2- Selling Based on their Needs not Yours
–
–
–
– –
–
48
Remember
Awareness of Needs
Not Sure
Aware
Discover
L
Listen o Ask
C Talk
Observe
A
Lorem ipsum
Combine T Empathize
E
Translate
F
Features
A
B
Advantage
Benefit
Examples
From Benefit to Need
S Show feature
E Explain advantage
Trial Close
Intuitor
Thinker
Feeler Senser
Summary
Sales Communication
People have eyes but
Message do not see. People have
ears but do not hear.
Eight Elements
Communication Tips
1- Concept Of Space
Communication Tips
3- Dress as a professional
Acceptance
Caution
67
Communication Signals
Disagreement
68
Random Sales Situations
In conversation, keep in mind that
you’re more interested in what you
Barriers to Communication have to say than anyone else is.
3 x 3 x 3 Method
–
– –
– – –
71
Sales Cycle
“ Nothing happens until
someone does some prospect “
Prospecting Funnel
Lead
Prospect
Customer
Company Filter
Employee ( No Filter)
S
Solution
Enjoy E D
A
Decision
Altered
N
NOW
Qualify the
Desire
Ideal Prospect
Questions List
Prospecting Sources
Center Of
Social Media influence
Society
Engagement
Referrals Orphaned
Customers
Date Sites Sources Direct Mails
Tele marketing
85
List Classification
75 – 95 % 50 – 70 % 25 – 45 %
Prospecting Tips
1- Remember AIDA
Prospecting Tips
Call / Day
Meeting/ Week
Lead / Month
Meet People
Every Day
Prospecting Tips
4- Customer Like Bird
(Give him Freedom not chasing )
Prospecting Tips
Appreciation / Caring
Revise & Confirm
Details
Tips For Outgoing Calls
Be Careful
100
Kills boring &
90
Creates Consultive Grab attention
80 Let him say it Relationship
to be true 80%
70 Leading
Secretly
70%
stays with
60
participants 60%
50
Generates
curiosity 50%
40
40%
30 30%
20
10
0
Far too many people focus on having
Questions Types the “right answer” rather than
discovering the “right question” .
to bring agreement, commitment and - When will you talk to your team and the client about this?
Closed conclusion + Tag Questions for - Reducing manufacturing costs is important, isn’t it?
Confirming & Engagement (Tag.Q)
- Are you saying that price is the most important thing you
are interested in?
Rephrasing to check understanding [sincerely, not too aggressively]
- Then what you are saying is, if I can improve the delivery
time, you would be interested in buying?
“ Become genuinely interested in other
Questions Types people—ask questions.”
DALE CARNEGIE
Give him (two Options) Question to move on in the sales - Do you prefer our meeting at 4 or 5 pm ?
Alternative
conversation , the answer give you a small agreement . - Which do you prefer 5% or 10% guarantee ?
Question Vs Question
Method
Summary
What’s Approach ? Every sale begins with
an approach.
The approach refers to the time from when they first see the buyer to when they begin to discuss
the product. The approach could last seconds or minutes depending upon the time it takes to meet,
greet, build rapport .
Approach Depends on “ First Impression” You have only one chance to
make a good first impression.
6 Tips for a Great First Impression Questions encourage others to
talk. Be a good listener.
A person’s
If possible, name is Shake Hands
sit down music to his Firmly
ears.
Smile,
Maintain eye
always
contact
smile!
Creative imagery is a great way to relax
Relax & Imagine while psyching yourself up before seeing
your prospect.
Approach Techniques 1. To capture the prospect’s attention.
2. To stimulate the prospect’s interest.
3. To provide a transition into the sales presentation.
Questions Expecting Less Text , More Visual aids Create Action Items Practice out loud
Memorized
Problem – Solution
An easy way to become a good conversationalist is
Presentation Mix to be a good listener and encourage others to talk
about themselves.”
DALE CARNEGIE
1- Persuasive Communication
Tips
Keep it Simple
Create Mutual Trust
Storytelling Matrix
New Leads
Qualifying
Proposing
Storytelling Graph
“How to get cooperation; let the
1- Persuasive Communication other person feel the idea is hers/his.”
DALE CARNEGIE
S Show feature
E Explain advantage
Trial Close
L Lead into benefit
All manufacturers wish to reduce costs and My equipment will reduce your costs and in Therefore, you should buy my eq
increase efficiency crease your efficiency uipment
1- Persuasive Communication
Persuasion through Suggestion
Types Examples
Suggestive propositions “Shouldn’t you go ahead and buy now before the price goes up next month?”
“The National Professional Engineers Association has endorsed our equipment That’s the
Prestige suggestions reason several hundred Fortune 500 manufacturers are using …. We finds that the
equipment helps increase their profits, sales . Is this of interest to you?”
“Just imagine how this equipment will look and operate in your store. Your employees will
Auto suggestion perform much better and they will thank you”
“Have you talked with anyone who has used that product?”
Indirect suggestion
Personalize Your
Relationship -Use a Pleasant Control the Presentation
Dialogue - Be a Diplomat
Questions
Visuals
Independent Research
Testimonials
Results
Photographs
and videos
Flip boards
Order forms
and posters
Sample advertisements
Dramatics refers to talking or presenting the product
5- Dramatization in a striking, showy, or extravagant manner.
Thus, sales expertise can involve dramatization or a
theatrical presentation of products .
Let the prospect feel, see, hear,
5- Demonstration smell, use the product.
1- Do Not Refer to
Competition
2- Acknowledge
Competition and Drop It
3- Make a Detailed
Comparison
4- Be Professional
How to Handle Presentation Difficulties ?
How to Deal with Interruptions ?
100
Meet the
90 Understand objection
objections
80 Listen—hear
them out 6
70 Handle objections
as they arise
5
60
Anticipate and 4
50
forestall
Plan for 3
objections
40
2
30
1
20
10
0
Why meeting Objection early ?
■ The prospect may stop listening until you address the objection.
■ You cannot answer because you do not know the answer or how to deal with this objection.
■ It may appear that you are not interested in the prospect’s opinion.
What does a prospect mean by
an objection?
“Seek first to understand, then to be
Examples of objections understood.”
STEPHEN COVEY
Objection Types
Smoke Out Hidden Objections I’ll think it over But I’m not interested now
How to Deal with How to Deal with How to Deal with
■ What would it take to convince you? Buyer: I have enough merchandise ■ Discover his/her needs
■ What causes you to say that? for now. Thanks for coming by.
■ Let’s consider this, suppose my Salesperson: Ms. Marcher, you ■ Ask Questions
product would [do what prospect have 50 cases in the warehouse and
wants] . . . on display. ■ Smoke out his hidden .objection if he
then you would want to consider it, You sell 50 cases each month, right? had One
wouldn’t you? --------------------
■ Tell me, what’s really on your mind? When the prospect says, “I’m too ■ Thank him / Ask for referral
busy to see you
now,” you might ask, “When would
be a good time to come back today?”
Objection Types
4.The Money Objection 5.The Product Objection 6.The Source Objection
I don’t have that much money Your competitor’s product is better. I don’t want to do business with you
Remember : A. Your competitor’s product is better. A. I’m sorry; we won’t buy from you.
The Price/Value Formula
1. You’re kidding! [Act surprised.] 1. Why not?
2. You must have a reason for feeling
Price / Value = Cost 2. Better in what way? [Have customer that way. May I ask what it is?
(Increase the Value , Cost will be list features liked in the other product;
decreased ) then show how your product 3. What could we do to win your
has the same or better features.] business in the future?
3. I’m interested in hearing your 4. I respect the fact you aren’t buying
unbiased opinion of the two products. from us this one time. However, I
…….
Case Study
Case Study
Case Study
Case Study
Case Study
A mind once stretched by a new
Objection handling Techniques idea never regains its original
dimensions.
The dodge
Third party Pass-up
Compensation Rephrase as
questions
Ask Boomerang
Objection handling Techniques
1.The Dodge 2. Pass Up 3. Rephrase
Neither Denies, Answers, nor Don’t Be Afraid to Pass Up an Rephrase an Objection as a
Ignores Objection Question
A. “I’m really not interested in a service Buyer: I don’t know—your price is higher
such as yours.” than your competitors’.
Salesperson: What you’re saying is that
B. “Well, if you ever do, here is my card. you want to get the best product for
A. “I think your price is a little high,” Give me a call.” your money. Is that correct?
OR Buyer: Yes, that’s right.
B. “Before you decide to buy let me tell B. “Why?” (Now discuss product benefits versus
you about the value that goes with this Then price then , try to close )
product.” Use your questioning skills Salesperson: Do you see how the
to uncover the prospect’s concerns. benefits of this product make it worth
the price? [Trial close.]
Objection handling Techniques
4. Postpone 5. Boomerang 6. Ask
Send It Back
How to Deal with How to Deal with How to Deal with aA
Salesperson: Ms….., you say you like Salesperson: Ms. Stevenson, you
our profit margin, fast delivery, and have said you like our quality
credit policy. Is that right? products, right?
[Summary and trial close.] Prospect: Yes, that’s right. Ex1 . “Would you prefer the single
Prospect: Yes, I do. Salesperson: And you like our fast or multiple disk player for your car
Salesperson: With the number of delivery? stereo system?”
customers in your store ….. I Suggest Prospect: Yes, I do.
you buy [state the products ] Salesperson: You also like our profit Ex 2. “Are you interested in buying
margin and credit terms? or leasing our equipment?”
This will provide you with sufficient Prospect: That’s correct.
quantities to meet customer demand , Salesperson: Ms. Stevenson, our Ex 3. “Would you like to install a
plus provide you with the profit you quality products, fast delivery, profit cellular telephone?”
expect from your products………. margin,…..
Closing Techniques
7- Benjamin Franklin 8- Standing-Room-only 9- Probability
The T-Account Motivate the prospect to act Get a % Confirmation of buying
Salesperson: Ms. X , here’s a pad of paper ■ I’m not sure if I have your size. Would Prospect : Let me think about it
and a pencil. Bear with me a minute and you want them if I have them in stock?
let’s review what we have just talked Salesperson : “Ms. Prospect, that
about. Could you please draw a large T on ■ My customers have been buying all we would be fine. I understand your desire
the page and write “To Act” at the top on can produce. I’m not sure if I have any to think it over, but let me ask you
the left and “Not to Act” on the right? left to sell you. this—when I call you back next week,
Now, you said you liked our fast delivery. what is the probability, in percentage
Is that right? ■ Well, I know you are thinking of terms, out of a total of 100, that you
ordering X amount, but we really need and I will be doing business?” Then
to order (a larger amount) because we pause, and don’t say another word
now have it in stock and I don’t think we until the prospect speaks.
will be able to keep up with demand and
fill your summer order.
Closing Techniques
10- The Negotiation 11- The Technology
Value & Price Game Picture your Product
Example Example
■ Attending—Pay attention