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BUS 466 - Personal Selling
Chapter 9 Making the Sales Call
22
Marketing
Undergraduate 4
04/03/2012

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Term
waiting for the prospect
Definition
be on time or call if you're going to be a few min. late, make good use of your waiting time, 15 minute rule, when to reschedule
Term
very 1st impressions
Definition
making a favorable 1st impression usually results in a prospect who is willing to listen, how you dress, how you look (be well groomed, be confident, smile), modify behavior based on prospect's state, customer's name
Term
very 1st impressions (cont)
Definition
select a seat (be aware of your surroundings, read the prospect's nonverbal cues), getting the customer's attention (prospects use the first few minutes to determine if they will benefit from the interaction, less than 6 minutes to get credibility, presentation openings)
Term
opening that salespeople can use to gain attention
Definition
intro opening (simply intro self), referral opening (tell about someone who referred you to buyer, benefit opening (start by telling some benefit of product), product opening (demo a product feature and benefit as soon as you walk up to prospect), compliment opening (start by complementing the buyer or buyer's firm), question opening (start the convo with a question)
Term
Developing a rapport
Definition
should be the goal of every salesperson, small talk, office scanning, consider cultural and personality differences, share goals or agenda
Term
when things go wrong
Definition
maintain the proper perspective and a sense of humor, apologize, think before you speak
Term
rapport
Definition
in selling is a close, harmonious relationship founded on mutual trust
Term
open vs closed questions
Definition
questions require the prospect to go beyond a simple yes or no response vs. questions require yes, no or short "fill in the blank" type response. In most cases salespeople need to ask both type of questions, summarize the prospects needs
Term
SPIN
Definition
Situation question, problem question, implication question, need payoff questions. Encourages the prospect to define the need, prospect views the salesperson more as a consultant trying to help than as someone pushing a product- Focus on problem not product
Term
situation questions
Definition
general data-gathering questions, many situation type questions can be answered through precall info gathering and planning
Term
problem question
Definition
questions about specific difficulties, problems, or dissatisfactions
Term
implication question
Definition
help the prospect recognize the true ramifications of the problem, motivate the prospect to search for a solution to the problem
Term
need payoff questions
Definition
questions about the usefulness of solving a problem, solution centered
Term
reiterate needs you identify before the meeting
Definition
both parties can agree about the problem they are tying to solve
Term
strategy for the presentation
Definition
prepare a set of questions that maximize the use of available time, develop a strategy for the presentation (prioritize buyer needs, discuss features that address buyer needs)
Term
offering value
Definition
relating features to benefits
Term
feature
Definition
quality of characteristics of the product or service
Term
benefit
Definition
the way in which a specific feature will help a particular buyer
Term
FAB
Definition
going beyond mentioning features and benefits, also discussed advantages-why that feature would be important to anyone)
Term
verbal probing
Definition
allows the salesperso to stop talking and encourages 2-way convo, lets the salesperson see whether the buyer is listening and understanding what is being said - trial closes
Term
assessing reactions
Definition
using body language, verbal probing, making adjustments (changing direction)
Term
selling to groups
Definition
member status w/in the group, authority, perceptions about the urgency of the problem, receptivity to ideas, knowledge, attitude towards salesperson, major areas of interest and concern, key benefits sought, likely resistance and ways to handle it.
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