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The importance of trust
Importance of trust
The importance of trust
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Trust Me Now, Pay Me Later
Trust is a very delicate emotion. You can have it one moment and then loose it forever in the next. Nowhere in the human experience is this more evident than in the relationship between the professional salesperson and his/her customer. Many salespeople go to great lengths to build a strong and lasting relationship with their customers. Others lie, cheat, and steal their way to the top only to inevitably fall off of the high pedestal they have placed themselves upon, making it just that much harder for the next sales professional to do his/her job.
Trust-based selling is more than just trading dollars for goods. There is actual painstaking effort on the part of the professional salesperson to build that trust,
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The basis of this paper is to discuss three key factors that are the mortar holding the bricks of the wall of trust together. Those factors are; finding the customer’s need, meeting the customer’s need, and never lying to the customer.
Finding the Customer’s Need
It is a forgone conclusion that customers have needs. As a matter-of-fact, this is the one and only reason industry exists at all. The need may be evident, and sometimes it is hidden away from everyone, even the customer, finding that need is the reason organizations pay top dollar to men and women who have the talent to find and meet that need in a way that is beneficial to both the customer and the organization the salesperson represents. There are two things that are key to finding need in which all salespeople must become
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Trust is something that is earned over time, but lost in an instant. This is also very true in customer sales. It may take days, weeks, months, even years to earn the trust of a customer, but once earned, it takes only one lie for all that work to be thrown out with the company garbage.
Mistakes happen, and they happen at the worst possible moments; however, if you value the business your customers provide and the reputation of your organization, you will be upfront and honest when things don’t go as planned. Adams (2014) warned never take the intelligence of your customer lightly. The author continued as a salesperson, if honesty is how you want to build your customer base, understand that customers will be more acceptant of you if you admit your mistakes upfront, rather than if you try to sweep the issue under the rug and cover it up with a lie.
Conclusion
Sales is a very profitable profession. Those who do it right can provide a substantial lifestyle for themselves and their families for many years, but fail to develop customer loyalty and the empire you build today, may become the ruins sales archeologists study and learn from
Unconscious need level- People do not know why they buy, only that they do buy. In this case the salesperson needs to determine the needs of the buyer through skillful questioning.
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,
Trust is the first one of the characteristics and is very important in our profession. Without trust in our profession we could not accomplish anything. In Chapter on...
People make purchases on the basis of emotion rather than logic. I believe out of my experience that people decide to buy something not because it serves them a purpose but because it feels right to them. After this first stage of buying I know for sure that people start to think of logic to justify their decision to themselves. So it becomes extremely important for a salesperson to make an emotional connection between their prospects and themselves. I make sure that every time I have a prospect I will make a personal connection with that particular prospect. The whole idea behind it is used to generate an interest that touches them internally. This way I made sure that my time is not wasted and I am able to sell more over a selling spree. Therefore, it becomes extremely important for you as a salesperson to close deals on the basis of the emotions rather than selling with logic.
Difficult to regain trust of existing loyal customers who expected high quality and performance when in competition with other firms in upper trade market.
To further analyze the meaning of trust, the different perceptions of trust and distrust need to be compared. Over time, society has developed a new way to perceive trust and distrust. The “old” way of thinking suggested that
Trust is defined in Webster’s Dictionary as “firm belief in the reliability, truth, ability, or
Gaining customers’ trust is important to the crucial of an organization’s success and to be successful salespeople must demonstrate the five trust building characteristics which includes; customer orientation, expertise, dependability, candor and compatibility. It is important to know that trust is a combination of these characteristics and measured on a continuum. A customer orientation refers to determining the buyer’s unique needs before recommending a purchase and placing as much emphasis on the customer’s interest as their own. Expertise refers to the ability, knowledge and resources to meet customer expectations.
Setting Expectations – Building trust in a person, product or service takes time. Trust is earned by meeting or exceeding expectations. Sometimes there is a large gap between perception and reality. Drawing upon my time at Saturn, the typical scenario was the buyer who expected to purchase a new, 8-passenger, all-wheel drive vehicle with leather seating, power options including a sunroof and an entertainment center for $300 a month with no money down. Oh, and by the way, Brian, could you throw in Saturn jackets for the
Trust is one of the key elements of a successful company. An ethical value that creates a bond between the seller and the consumer. Businesses want to see that their employees are honest and trustworthy. Consumers trust the company is presenting honest information and would not cheat them. Think about it, would you want to put your money in a bank when you know the workers there have a previous record of stealing money out of accounts? More than likely most people would choose a different bank. Without
Both from the customer and the company point of view, each customer interaction is part of an iterative learning process (Ballantyne, 2004). Further, Yau et al. (2000) advocated that the relationships between business firms and its customers have been constantly encouraged as successful business practices worldwide. The strategy of relationship marketing is of high relevance particularly in the service industries because of the intangible nature of service and their high level of customer interaction (Al-Hersh, Aburoub, & Saaty, 2014). Relationship marketing is defined as the process of engaging in proactively creating, developing and maintaining committed, interactive and profitable exchanges with targeted customers (Haker, 1999). Furthermore, Gronroos (1990) asserted that relationship marketing is to establish, maintain, enhance and commercialise customer relationship so that the objectives of the parties involved are met which can be done by a mutual exchange and fulfillment of promises. Moreover, the implementation of the relationship marketing concept at the operational level refers to relationship marketing orientation (Hau & Ngo, 2012). Relationship marketing orientation indicates the firms’ philosophy of doing business concerning relationship building by propagating developing trust, empathy, bonding, and reciprocity between a firm and its customers (Sin et al., 2005a, b; Tse et al., 2004). Trust is an important element for a successful relationship between the firm and its customers (Berry, 1995). First, trust is an essential component for a successful relationship between the firm and its customers (Berry, 1995). Trust It refers to a willingness to rely on an exchange partner in whom one has confidence (Morgan & Hunt, 1994). Empathy, as a dimension of business relationship, enables the two parties to see the situation from
Also known as partnering, relationship selling focuses on building trust. Basically, trust-based relationship providing opportunities, and adding value to the customer’s business over an extended period. There is no trust in the relationship if the customer(s) feels he or holds no value to an organization. customer value will always be determined by customers’ perception of what they get in exchange for what they have to give up. In the simplest situations, customers buy a product in exchange for money. In a buy and seller relationship, trust plays a very important role. Because trust is the binding force that provides the buyer with high expectations that a satisfying exchange will occur which drives the buyer to a decision and buy the product or service. For example, when I worked at mc Donald's, every morning a woman named Elyssa would order coffee from me. One morning, I camo to work and found Elyssa arguing with an employee about cold coffee. As usual, I would brew and serve her fresh coffee. When finally served a new cup of coffee and told her to check if the coffee was fresh, she responded and said "I don’t need to, because I trust you."
This chapter deals with literature review on the study variables in a buyer-supplier relationship. And focus on how trust, adaptation, commitment, communication and cooperation been selected as variables that will affect buyer’s satisfaction level.
In their research, Thomas et al. (2009) use the following as a working definition for trust: “Trust is based on beliefs about the other party which are shaped by information.” (2009). We can see just through this de...
Trust is believing someone or something is reliable, honest, and effective. In any relationship the people in it need to have trust, so they can be assured that they can share anything with the other person. The movie from 1990 Goodfellas by Martin Scorsese is an example of people having to trust one another. The movie keeps me interested because it keeps you wondering who’s going to be next to be killed even though I have watched it multiple times. If the mob has a problem with you they will deal with you by killing you or your family on easier instances they’ll simply make you disappear. They don’t care if you have been loyal if they lose your trust.