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Marketing strategy chapter 1
Marketing strategy chapter 1
Strategies of personal selling
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Marketing enables both, individuals and organizations to sell products and services to other people to help them satisfy their needs and wants. At some point in the selling process, personal selling usually becomes involved. It is the personal selling process that allows marketers the greatest freedom to adjust a message to satisfy customers' information needs. Personal selling allows the marketer to communicate directly with the prospect or customer and listen to his or her concerns, answer specific questions, provide additional information, inform, persuade, and possibly even recommend other products or services. Personal selling is the most expensive form of advertising and to be an effective one.
The first step is prospecting(Anderson, Dubinsky, Mehta pg.103). The sales process is adaptive, which means that each situation may be different and salespeople have to be able to adapt and understand what is important to each customer and where each is in the buying process. With this step in the process, sales representatives look for new customers that they can potentially sell their products to. This can be done by cold calling or by going out into the market and talking to people. This part of the process is a numbers game, and the sales representative has to contact many people. An important initial step in personal selling is the selection, training and motivation of salespeople. Salespeople must be fully familiar with the product, the firm, the market, and the selling techniques. They should be well-informed about the competitor's products and the degree of competition. The salesperson should also be acquainted with the motives and behavior of prospective buyers. Approximately twenty percent of a firm's customer base ca...
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...d trust. Modern customers want to depend on the product as well as the seller supplying it. Selling will continue to change and evolve over time much like people do, but as long as both sides finds a balance of respect, trust, and commitment the selling process will continue (Nightingale).
Works Cited
Anderson, Dubinsky, Mehta. Personal Selling. New York: 2007.
Tracy, Brian. "The New Model of Selling." 13 Apr 2012. Speech.
Nazar, Jason. "The 5-step Sales Process ." Docstoc. 28 Jun 2011. Speech.
Nightingale, Earl. "Listen..This Will Change Your Life - The Strangest Secret ." 1956. Speech.
"Relationship Selling: Anatomy of a Sale." Relationshipselling.org. 26 Apr 2010. Address.
"Sales Presentation." n. page. Web. 24 Feb. 2014. .
As the salespeople’s immediate supervisor, it is the primary responsibility of the manager to provide proper training to enhance the salespersons’ effectiveness and improve their skills. Given the importance of having a productive and enthusiastic sales team, the manager needs to develop and manage effective reward and compensation packages to ensure a highly motivated and satisfied sales force. Sales managers also ensure that the company 's standards of professionalism, image, and branding are consistent with the sales team’s interaction with company customers. The manager 's presence also makes customers feel valued as well as provide credibility on behalf of the company (Pilling, Donthu, & Henson,
Finally, personal selling should be considered for its campaign because John Lewis sells electrical goods, such as TV, iPad and camera. When a customer tends to buy a digital product such as digital camera, a personal seller would enable to show how to use it and give more pro-advices to them. Therefore, John Lewis could consider combining advertising and personal selling to maximum the effect of the campaign in next time.
Personal selling will be measured in both qualitative and quantitative terms. Salespersons will have to fill reports regarding the interlocutors behaviour and product knowledge.
The first step a sales manager must perform is to develop the strategic sales program or sales plan. This step involves setting objectives for the company, organizing the salesforce and selling function, forecasting sales, and developing account management policies and relationships.
Being a sales person takes patience, good manners, listening skills, and great attitude. Those are an a important key to being an great sales person. The role of a salesperson is to sale the customer the product that they are wanting, not something they don’t. Also part of their role is work with customers to find what they want, create solutions and ensure a smooth sales process. They should not be confused with sales representatives, who are people that represent and sell wholesale and manufacturing products.
Marketing is very important to the success of a business. Before people can buy a product or service they have to know about it. However, marketing entails more than just letting people know what your company has to offer. Throughout this paper, I will define marketing, offering my personal definition as well as more formal definitions from other sources. Furthermore, I will explain to the reader the importance of marketing to organizational success giving real world examples in support of this explanation. The field of marketing can include many things. I believe, however, the most important thing which it should include is communication with customers as to the value and benefits of using that particular company's products and services. It should help to establish the business's niche in the industry and distinguish it from other such businesses.
2. To maintain their relationships with customers, marketers have to be alert to changes and adjust their activities accordingly.
The purpose of a salesperson is to create potential customers and keep current customers meaning it’s not only about making sales. Potential customers are a part of an aspect of customer strategy which is the definition of prospecting. Manning & Ahearne (2012) authors stated a prospect or a potential customer is one that meet the expectations by the company or you. The prospect base is the goal of companies to reach their current and potential customers (Manning & Ahearne, 2012). Also forming a prospect base uses the CRM software to track customers of their movement in the sales process. In order to improve the quality of the prospect effort the progressive marketers are performing three objectives:
Selling begins by locating potential customers. A potential customer or “prospect” is first identified as sales lead, which simply means the salesperson has obtained information to suggest that someone exhibits key characteristics that lend them to being a prospect.
It is not secret that marketing plays one of the key roles of a successful business. As Phillip Kotler said: “Marketing is the science and art of exploring, creating, and delivering value to satisfy the needs of a target market at a profit. Marketing identifies unfulfilled needs and desires. It defines, measures and quantifies the size of the identified market and the profit potential”. Simply stated, marketing is everything you do to place your product or service in the hands of a potential customer.
Another definition of marketing is the "selling of products or services: the business activity of presenting products or services in such a way as to make them desirable" (MSN Encarta). However, according to (Kotler & Keller, 2006) the formal definition of "marketing is an organizational function and a set of processes for creating, communication, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its shareholders"(Kotler & Keller, p.4). According to these definitions, marketing needs to cover customers' necessities and at the same time sell products to increase future revenues. However, marketing is more extensive than just selling a product. Moreover, marketing activities are all activities associated with identifying the particular wants and needs of a target market of customers, and then going about satisfying those customers better than the competitors. This involves doing market research on customers, analyzing their needs, and then making strategic decisions about product design, pricing, promotion and distribution.
It is a common notion that only the sales person helps in improving sales. It is interesting to note that every individual in your organization contributes to the brand value of your business, hence intoxicate your employees, especially those who interact directly with the customer that they are the ambassadors of yo...
Marketing and selling are synonymous but there exists a difference between the two concepts. It is very necessary for the marketing team to clearly understand the difference between marketing and selling. Selling is the transferring of goods and services to customers. On the other hand includes all the activities associated with product planning, pricing, promoting, and distributing a product or a service. The following are more differences between selling and marketing;
According to Kotler (2012), Marketing is about identifying and meeting human social needs, thus it is not only about advertising and promotion it is more than this. It includes setting competitive price, communicating effectively with potential and existing customers and also introduction of new products.
As Peter Duckers has put it, "The ultimate aim of all business organisation is - to create a customer". These days, for most products and services, the market belongs to the buyer. The customers e...