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BUS 466 - Personal Selling
Ch. 12 - Obtaining a Commitment
9
Marketing
Undergraduate 4
04/03/2012

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Cards

Term
securing a commitment today
Definition
asking for the order is closing, closing is a commt but commt is not necessarily a close, buyers want to buy, not be sold, not commt, not sale.
Term
financial terms and conditions
Definition
discounts (single-10% off single purchase vs. cumultive-10% on all purchases throughout year), credit terms (cash discounts for early payment), shipping cost (FOB)
Term
Price
Definition
present with confidence, usually discussed at the end
Term
when to attempt to obtain commitment
Definition
when buyer is ready, buyer comments such as requirements (conditions that have to be met before a purchase can take place), benefit stmts,etc., and nonverbal cues
Term
how to successfully obtain commitment
Definition
maintain positive attitude, let customer set pace, be assertive not aggressive or submissive, sell the right item in the right amounts
Term
effective methods of obtaining commitment
Definition
direct request, benefit summary, balance sheet method (ben franklin method), probing method, alternative choice
Term
traditional closing methods
Definition
minor-point close, continuous yes close, assumptive close, standing-room only close, benefit-in-reverse close, emotional close
Term
if commitment is obtained
Definition
no surprises (go over all important info), confirm their choice (assure they've made an intelligent choice), get the signature (make the actual signing an easy, routine procedure), show appreciation, cultivate for future calls, review actions to be taken (avoid misunderstanding, be sure buyers gets what they were promised)
Term
if commitment not obtained
Definition
bc of wrong attitudes, poor presentation, poor habits/skills, discover the cause (port mortem) is critical so salespeople an proceed intelligently to eliminate the barriers, maintain proper perspective, recommend other sources, good manners are important
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