Chapter 15 Closing the Sale1 Marketing Essentials Chapter 15 Closing the Sale Section 15.2 Effective...
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Transcript of Chapter 15 Closing the Sale1 Marketing Essentials Chapter 15 Closing the Sale Section 15.2 Effective...
Chapter 15 Closing the Sale 1
Marketing EssentialsMarketing Essentials
Chapter 15 Closing the Sale
Section 15.2 Effective Selling
Chapter 15 Closing the Sale 2
SECTION 15.2SECTION 15.2
What You'll LearnWhat You'll Learn
Why suggestion selling is important
The rules for effective suggestion selling
Specialized suggestion selling methods
The concept of relationship marketing and how it is related to the sales process
Effective SellingEffective Selling
Chapter 15 Closing the Sale 3
SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Why It's ImportantWhy It's Important
The goal of selling is to help customers make satisfying buying decisions so they buy from you again. In this section you will learn how to create a relationship with your customers, so they will continue to do business with you in the future.
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Key TermsKey Terms
suggestion selling
relationship marketing
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Suggestion selling is selling additional goods or services to the customer, items that will ultimately save time and money or make the original purchase more enjoyable.
Suggestion Selling
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Benefits of Suggestion Selling
Suggestion selling benefits salespeople because customers will want to do business with them again.
Suggestion selling benefits customers because they are more pleased with the purchase.
Suggestion selling benefits the company because it saves time and cost.
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Five Rules of Suggestion Selling
1. Do suggestion selling after the customer has made a commitment to buy, but before payment is made or the order written.
2. Make your recommendation from the customer's point of view and give at least one reason for your suggestion.
3. Make the suggestion definite, rather thanasking, “Will that be all?”
Slide 1 of 2
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Rules of Suggestion Selling
4. Show the item you are suggesting. Don’t just talk about it.
5. Make the suggestion positive. “This scarf will complement your coat beautifully.”
Slide 2 of 2
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There are three methods used in suggestion selling:
offering related merchandise
recommending larger quantities
calling attention to special sales opportunities
Suggestion Selling Methods
Slide 1 of 4
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Offering Related Merchandise Related merchandise can increase the use or enjoyment of the customer’s original purchase. Introducing related merchandise is probably the easiest and most effective suggestion selling method.
Suggestion Selling Methods
Slide 2 of 4
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Recommending Larger Quantities This usually works in retail settings when selling inexpensive items or when money, time, and/or convenience will be saved. In business-to-business sales, purchasing larger quantities allows customers to take advantage of discounts.
Suggestion Selling Methods
Slide 3 of 4
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Calling Attention to Special Sales Opportunities Salespeople are obligated to communicate special sales opportunities to their customers. Some opportunities include:
the arrival of new merchandise
special sales
holidays
Suggestion Selling Methods
Slide 4 of 4
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Relationship marketing involves the strategies businesses use to stay close to their customers. Think of after-sale activities as part of an ongoing dialogue with customers in preparation for future sales.
Relationship Marketing
Example: Harley Davidson’s club for motorcycle owners offers insurance and travel assistance.
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Take payment or the order with courtesy. Work quickly to complete the paperwork. Avoid saying or doing anything to irritate your customer at this stage of the sale.
Taking Payment/Taking the Order
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Before the customer departs or before you leave your client's office:
Reassure the person of their wise buying choices.
Take the time to educate your customer about any special care or specific instructions for their purchase.
Thank the customer, even if they don’t buy.
Departure
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The follow-up includes making arrangements to follow through on all promises made and checking on customer satisfaction.
Follow-Up
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SECTION 15.2SECTION 15.2 Effective SellingEffective Selling
Some businesses send questionnaires or call customers to check on how well they were treated by the sales and service staff. The results of such surveys are passed on to salespeople so they can improve their techniques.
Evaluation
Chapter 15 Closing the Sale 18
15.2 ASSESSMENTASSESSMENT
Reviewing Key Terms and Concepts1. What is suggestion selling, and why is it
important?
2. Suggest two rules for suggestion selling.
3. Identify three methods used for suggestion selling.
4. What is relationship marketing and how is it related to the sales process?
5. Why are after-sale activities (such as departure, follow-up, and evaluation) important?
Chapter 15 Closing the Sale 19
15.2 ASSESSMENTASSESSMENT
Thinking Critically
Assume you work for a bank and are in charge of selling commercial loans. You just sold a real estate developer a $3.5 million loan for a new shopping center. What could you do now to solidify your relationship with this customer?
Chapter 15 Closing the Sale 20
Marketing EssentialsMarketing Essentials
End of Section 15.2