MODULE 2
SELLING SKILLS AND
STRATEGIES
Selling and buying Styles
selling skills, situations
selling process
sales presentation
Handling customer objections
Follow-u action.
Selling is one of the most challenging
professions of the modern world.
These are the sum total of aptitudes and
skills such as communication skills, listening
skills, conflict resolution skills, problem
solving skills and negotiation skills.
Buying styles vary depending upon:
Capability to pay
Quantity of purchase
Ability to take risk- Innovators Vs Laggards
Theory of diffusion
Bargaining power of the buyer
Competitors
Personality traits
Innovators
laggards
People who are adventurous and have high
risk capital are the overnight buyers.
These buyers are the INNOVATORS In the
market place.
Who mostly buy on impulse and consider non
functional reasons for making a choice.
Thisset of people are followed by another
group who accept new products and
innovations after observing the innovators
using it.
Similarly customers personality traits also
influence the pattern and style of buying.
The risk – averse customers always take
multiple variables into consideration before
they make a final decision.
Number of competitors
Prevailing level
Quality
Switching cost
A typical selling situation says what kind of
customers a salesperson is going to face and
what kind of sales approach will help him to
closing a sale in that situation.
Organizational selling: the customer represent a
group interest/ purchase dept in the organization.
Service and solution selling: customer does not
come with a specific parameter and during the sales
presentation the customer may unravel the problems
& develop criteria.
Retail selling : the customer walks in to the store
with the intention of buying a product.
Cold calling : make an unsolicited visit or telephone
call to someone in an attempt to sell goods service.
Pharmaceutical selling; the sales person
makes a sales presentation to doctor who is
not the original customer but customer
decision making largely depends on what the
doctors prescribes.
Creativeselling : the salesperson tries to sell
an abstract thought to the customer.
Itexplain what kind of customers a
salesperson is going to face & what kind of
sales approach will help
Tele calling- More chance of rejection
In B to B – specific pattern , problem and
solutions are defined
Service & solution selling- unravel his
problem , identify his interest
Retail- customer walks in with intention to
buy
Cold call or door to door- no intention from
customer, salesman identify the potential
Communication
Listening skill
Conflict management skill
Problem solving skills
Negotiation skills
THE GOOD THE BAD THE UGLY
SALESMAN SALESMAN SALESMAN
Does not follow up
Walks in without
Honest appointment
Admits the mistakes Begins call by talking Has a alec attitude
Possesses problem casual Calls customer dear /
solving capabilities Puts down competitors sweetheart
Friendly but products Gets personal
professional Has poor listening skills Does not give
Dependable Makes too many phone purchasing people
Adaptable calls credit for their
Well prepared Makes lousy intelligence
Knows my business presentations Lies
Patient Fails to ask about needs lazy
Lacks product
knowledge
Wastes time
PROBLEM SOLVING
COMMUNICATION SKILLS SKILLS
SELLING
SKILLS
NEGOTIATION SKILLS
LISTENING SKILLS
CONFLICT
MANAGEMENET SKILLS
Communication is exchange of idea and
information between two parties.
Businessbelieves the trust between buyer
and seller depends on five elements in sales
person behaviour.
Buyer believes seller because…
Truth of words communicated
Predictability of action
Competency- ability/knowledge/resources
Intent or Empathy
Likeability
Personal
Non-personal- use of mass media
Intended
Feedback Perceived
message message
Encoding
Noise Decoding
Sent Received
message Channel message
Personal appearance
Posture
Gestures
Facialexpressions
Eye contact
Space distancing
Research suggests that people are only 25%
efficient in their ability to listen
Average person remembers 50% after 10
minutes
Then forget 50 % of that within 48 hours
Content listening- Sales representative to
customer/understanding the content.
Critical listening- Evaluating the
meaning/logical level of argument/strength of
the evidence
Empathetic listening- Understand the feelings,
needs and demand so that it can be appreciated
•Physically hear message and take note
1.Receiving •Affected by external factors i.e noise
•Infer speaker’s meaning based on own experiences
2. Interpreting •Need to understand speaker’s frame of reference
3. Remembering •Store message for future reference
•Consider points mentioned and assess their
4. Evaluating importance
5. Responding •Reacting to speaker’s message
•In certain occasion, action is vital. Put all promised
6. Acting action in writing and make sure to deliver promises
Feedback
Paraphrasing
Clarifications
Empathetic listening
Active listening
PHYSICAL PSYCHOLOGICAL LINGUISTIC CULTURAL
BARRIERS BARRIERS BARRIERS
BARRIERS
1)Noise 1)Emotional 1)Improper 1)Cultural
Disturbance Message Differences
2)Physical Decoding
Discomfort 2)Anxiety 2) Different
2)Ambiguous values
3)Physical 3)Over Language
Distractions arousal of 3)Different
Emotions 3)Jargon social norms
4)Distance
1)Avoiding
2)Accommodating
3)Competing
4)Collaborating
5)Compromising
Interests
Emotions
Values
Frustration and aggression are the major
reasons of conflict
Negotiation occurs when someone else has what
you want, and you are prepared to bargain for it and
vice versa.
Situationsand timings for negotiation.
Formulation of a bargaining strategy
Roger Fisher and Willliam Ury proposed four
principles for conducting principled
negotiation.
1) Separate the people from the problem
2) Focus on interest, not on positions.
3) Invent options for mutual gains.
4) Insist on objective criteria.
1) Acting crazy
2) Auctioning
3) The good guy bad guy routine
4) Big pot
5) Budget bogey
6) Get a prestigious ally
7) The well is dry
8) Limited authority
9) Divide and conquer
10) Whats the rock bottom price?
11) Get lost/stall for time
12) Take it or leave it
A sales person should not be mere order
taker, he should rather act as a problem
solver and a consultant to the customer.
CHARACTERISTICS INEFFECTIVE EFFFECTIVE
Attitude Thinking nothing can be Believes the problem
done can be solved
Actions Lies back and expects Re evaluates the
that a solution will come problem several times to
naturally. look at the issue from
different angles.
accuracy Does not check Checks and rechecks
Solution procedures Does not break the Breaks the problem and
problem, let it be as it is. solves.
Define the problem
Generate alternative solutions
Decide the solution
Implement the solution
Evaluate the solution
Hard sell
and Soft sell
strategies
Client
Negotiation Selling centered
strategy strategies strategy
Price –
Win – win product
strategy strategy
Pre-approach
Pre-sales
Prospecting before the
Preparation
interview
Follow up Approach to
action the customer
Handling
Closing the Sales
customer
sales presentation
objection
Product
customer
company knowledge
Competitors knowledge
Identify and define the prospects
Search for sources of potential accounts
Quality the prospects from the suspects
Cold canvassing
Orphaned
Prospect pool
Centre of influence
Direct mail
Observation
Referral
Sales lead club
Non competing sales force
Trade show
Telemarketing
Networking
Friends
Attracting customer attention
Creating Interest
Arousing desire and building conviction
Canned presentation
Organized presentation
Tailored presentation
Handling customer objections
Closing the sales
Follow up
1. Explain the different selling skills and selling strategies. (Jan 2012)
2. Write a note on different types of selling skills? (Dec-2012)
3. Explain briefly the selling process
4. Explain 3 types of sales presentation.
DATE OF SUBMISSION : 22nd May, 2017