Module 8-----Unit 2 Word Power Module 8-----Unit 2 Word Power.
8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.
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Transcript of 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.
![Page 1: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/1.jpg)
8-1
The Power of Selling
![Page 2: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/2.jpg)
8-2
Chapter 8 The Preapproach: The Power of
Preparation
![Page 3: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/3.jpg)
8-3
Video Ride-Along
• The video The Pre-Approach features Tonya Murphy, general sales manager at WBEN-FM
• She discusses pre-approach which cannot be done in one specific way
• She explains the importance of the “I know statement”
• To view the video, click here
![Page 4: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/4.jpg)
8-4
Chapter Objectives
• Explain how to research a qualified prospect and list resources to conduct prospect research.
• Understand how to identify needs and opportunities.
• Learn how to set SMART precall objectives.
• Discuss key elements of presentation preparation.
![Page 5: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/5.jpg)
8-5
Researching Your Prospect: Going Deeper
• Gathering information as much as possible about your prospect demonstrates personal commitment and boosts your credibility
• Research plays a crucial role in both target account and key account
• It is important to use a precall planning worksheet when you are contacting your new or existing customers
![Page 6: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/6.jpg)
8-6
Figure 8.1 - Precall Planning Worksheet
![Page 7: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/7.jpg)
8-7
Going Deeper with the Fundamentals: What You’ll Want to Know
• About the company
– Demographics
– Company news
– Financial performance
• About the company’s customers
– Customer demographics
– Size of customer base
– What customers are saying about your prospect
![Page 8: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/8.jpg)
8-8
Going Deeper with the Fundamentals: What You’ll Want to Know
• About the current buying situation
– Type of purchase
– Competitor/current provider
– Current pricing
![Page 9: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/9.jpg)
8-9
Going Deeper with the Fundamentals: What You’ll Want to Know
• About the contact person
– Title and role in the company
– Professional background
– Personal information
– Essential problem(s) your contact needs to solve
– Motivation for buying
![Page 10: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/10.jpg)
8-10
Going Deeper with the Fundamentals: What You’ll Want to Know
• About your existing customers
– Opportunities to expand the relationship
– Opportunities for synergy
Item number: 97195610
![Page 11: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/11.jpg)
8-11
Preparation Is Essential
• The video Pre-approach features Priya Masih, sales representative at Lupin Pharmaceuticals
• Priya Masih talks about the importance of preparation before a sales call
• According to Priya Masih, being prepared allows you to make an impact and a strong first impression on your client
• To view the video, click here
• http://www.youtube.com/watch?v=IY1ObVnOlzg
Source: YouTube
![Page 12: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/12.jpg)
8-12
Sources of Information
• Online searches
• Business directories
• Publicly available contracts
• Trade journals
• Blogs, social networks, and online forums
• Professional organizations
![Page 13: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/13.jpg)
8-13
Table 8.1 – Benefit Statements Examples
![Page 14: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/14.jpg)
8-14
Determine Your Objectives
• Setting precall objectives is strategically important before your sales call
– Precall objectives: Goals that are determined for the sales call before the call is made
![Page 15: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/15.jpg)
8-15
Figure 8.5 – SMART Objectives
![Page 16: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/16.jpg)
8-16
Setting SMART Objectives
• The video ‘How to get Better Results From Your Sales Meeting’ features Brian Conway
• Brian Conway discusses the importance of setting SMART objectives
• He further explains how setting SMART sales objectives gives a salesperson the required clarity on the process and he /she knows exactly what he/she wants to achieve
• To view the video, click here
Source: YouTube
![Page 17: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/17.jpg)
8-17
Figure 8.6 – Examples of SMART Objectives
![Page 18: 8-1 The Power of Selling. 8-2 Chapter 8 The Preapproach: The Power of Preparation.](https://reader030.fdocuments.in/reader030/viewer/2022032604/56649e665503460f94b61717/html5/thumbnails/18.jpg)
8-18
Four Ps of Presentation Preparation
• Prioritize your agenda
• Personalize it
• Prepare illustrations
• Practice