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Guide to
Personal
SellingDeveloped by Tori Etts, xSell360 Intern
January 2014
Key Terms
 Personal Selling – a person-to-person business
activity in which a salesperson uncovers and
satisfies the needs of a buyer to the mutual, long-
term benefit of both parties.
 Customer Centric – making the customer the
center of everything the salesperson does.
 Relationship Marketing – the focus of marketing
activities on establishing, developing, and
maintaining cooperative, long-term relationships.
Key Characteristics of
Modern Sales
 Sale is customer driven, not salesperson driven
 Presentation is customized, not canned
 Client talks, salesperson listens
 Focus is on long-term, win-win relationships
 Greater emphasis on customer retention vs. new
customer acquisition
 Salesperson is business focused, not product
focused
Steps in the Selling Process
 Prospecting
 Precall Planning
 Approach
 Presentation
 Trial Close/Close
 Overcome Objections
 Close
 Follow Up
Prospecting Methods
 Networking
 Promotional Activities
 Public Speaking
 Authoring Articles
 Use of Lists/Directories
 Telemarketing
 Letters
Prospecting Sources
 Satisfied Customers, Referrals
 Center of Influence
 Endless Chain
 Networking
 Competitors
 Internet
 Trade Shows
 Company Promotional Activities
Precall Planning
Research, Research, Research
 Prospect
 Prospect’s Business/Organization
 Prospect’s Industry
 Your Competition
 Prospect’s Competition
 Prospect’s Target Market
 Create a Personal Prospect Profile!
Finding the Need Gap
 Need Gap: the difference between a prospect’s
actual state and their ideal state.
Pre-Call Objectives
 S = Specific What am I trying to accomplish
on this particular sales call? A demo, a
facility audit, verify decision makers?
 M = Measurable You will be able to
determine success by the end of time
frame.
 A = Attainable Is it realistic to meet this
measurement in the time frame allotted?
 R = Relevant Is your goal something that will
lead to a long-term relationship with the
client?
 T = Time Bound Exactly when would you like
to meet your specifically stated goal?
Presentation
 1. Identify Needs
 2. Present Solutions to Needs
 3. Trial Close
Initial Benefit Statement
 Example: “If I can show you how our organized
payroll services will save you time and allow you
to spend more time focusing on your store and
employees, is that something you would be
interested in?”
Go Above and Beyond!
 Find out their needs first!
 Presentation Enhancers:
- Utilize Multiple Senses
- Offer Proof
- Demonstrate
- Charts/Graphs
- Models, Samples, Gifts
- Catalogs, Brochures
- Testimonials
- Visual Aids
- Handouts
- Quantify the Solution
- Profit margin
- ROI
- Payback Period
- B-E Analysis
- Cost-Benefit Analysis
- Opportunity Cost
Completing the
Presentation
 Summarize their needs (which they already should
have given you)
 Establish Success Criteria (how your
product/service satisfies their needs)
 Set Up Next Step – The Close
Overcoming Objections
 5 Steps to Handling Objections
1. Identify the true concern and clarify
2. Acknowledge the concern (empathize)
3. Handle the concern
4. Confirm that the objection was handled
5. Close for the Sale
Closing for the Sale
 Direct Close: Are you ready to order?
 Assumptive Close: Should I put you down for 20
units?
 Alternative Choice Close: Would you like to meet
Monday or Tuesday?
 Ben Franklin Close: List all pros and cons (for low risk
takers)
 Pilot Close: Close for less than what they really need
(should never be your first close… for very hesitant
buyers)
 Summation Close: Summarize key needs and
benefits
Closing for the Sale
cont’d.
 Agree on the details
 Get signatures
 Assure client of the benefits
 Arrange follow up plans
 Thank the Client
Resources
Seiler, Christine. "Professional Selling." Bowling Green
State University. Bowling Green, OH. Lecture.
Castleberry, Stephen B., and John F. Tanner, Jr.
Selling. Eighth ed. New York: McGraw Hill,
2011. Print.

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Xsell360 guide to personal selling

  • 1. Guide to Personal SellingDeveloped by Tori Etts, xSell360 Intern January 2014
  • 2. Key Terms  Personal Selling – a person-to-person business activity in which a salesperson uncovers and satisfies the needs of a buyer to the mutual, long- term benefit of both parties.  Customer Centric – making the customer the center of everything the salesperson does.  Relationship Marketing – the focus of marketing activities on establishing, developing, and maintaining cooperative, long-term relationships.
  • 3. Key Characteristics of Modern Sales  Sale is customer driven, not salesperson driven  Presentation is customized, not canned  Client talks, salesperson listens  Focus is on long-term, win-win relationships  Greater emphasis on customer retention vs. new customer acquisition  Salesperson is business focused, not product focused
  • 4. Steps in the Selling Process  Prospecting  Precall Planning  Approach  Presentation  Trial Close/Close  Overcome Objections  Close  Follow Up
  • 5. Prospecting Methods  Networking  Promotional Activities  Public Speaking  Authoring Articles  Use of Lists/Directories  Telemarketing  Letters
  • 6. Prospecting Sources  Satisfied Customers, Referrals  Center of Influence  Endless Chain  Networking  Competitors  Internet  Trade Shows  Company Promotional Activities
  • 7. Precall Planning Research, Research, Research  Prospect  Prospect’s Business/Organization  Prospect’s Industry  Your Competition  Prospect’s Competition  Prospect’s Target Market  Create a Personal Prospect Profile!
  • 8. Finding the Need Gap  Need Gap: the difference between a prospect’s actual state and their ideal state.
  • 9. Pre-Call Objectives  S = Specific What am I trying to accomplish on this particular sales call? A demo, a facility audit, verify decision makers?  M = Measurable You will be able to determine success by the end of time frame.  A = Attainable Is it realistic to meet this measurement in the time frame allotted?  R = Relevant Is your goal something that will lead to a long-term relationship with the client?  T = Time Bound Exactly when would you like to meet your specifically stated goal?
  • 10. Presentation  1. Identify Needs  2. Present Solutions to Needs  3. Trial Close
  • 11. Initial Benefit Statement  Example: “If I can show you how our organized payroll services will save you time and allow you to spend more time focusing on your store and employees, is that something you would be interested in?”
  • 12. Go Above and Beyond!  Find out their needs first!  Presentation Enhancers: - Utilize Multiple Senses - Offer Proof - Demonstrate - Charts/Graphs - Models, Samples, Gifts - Catalogs, Brochures - Testimonials - Visual Aids - Handouts - Quantify the Solution - Profit margin - ROI - Payback Period - B-E Analysis - Cost-Benefit Analysis - Opportunity Cost
  • 13. Completing the Presentation  Summarize their needs (which they already should have given you)  Establish Success Criteria (how your product/service satisfies their needs)  Set Up Next Step – The Close
  • 14. Overcoming Objections  5 Steps to Handling Objections 1. Identify the true concern and clarify 2. Acknowledge the concern (empathize) 3. Handle the concern 4. Confirm that the objection was handled 5. Close for the Sale
  • 15. Closing for the Sale  Direct Close: Are you ready to order?  Assumptive Close: Should I put you down for 20 units?  Alternative Choice Close: Would you like to meet Monday or Tuesday?  Ben Franklin Close: List all pros and cons (for low risk takers)  Pilot Close: Close for less than what they really need (should never be your first close… for very hesitant buyers)  Summation Close: Summarize key needs and benefits
  • 16. Closing for the Sale cont’d.  Agree on the details  Get signatures  Assure client of the benefits  Arrange follow up plans  Thank the Client
  • 17. Resources Seiler, Christine. "Professional Selling." Bowling Green State University. Bowling Green, OH. Lecture. Castleberry, Stephen B., and John F. Tanner, Jr. Selling. Eighth ed. New York: McGraw Hill, 2011. Print.