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    Unit-Iv Personal Selling Process: 1. Identifying The Prospective Buyer (Prospecting and Qualifying)

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    Vijay Raj
    The personal selling process consists of seven stages: 1) identifying prospective buyers through directories, websites, trade shows and referrals and qualifying them; 2) determining the best pre-approach method such as a visit, phone call or letter; 3) properly greeting and starting a conversation with the prospect; 4) presenting and demonstrating the product features, benefits and worth; 5) overcoming objections by clarifying concerns and convincing the customer; 6) requesting the customer place an order; and 7) following up to ensure delivery, installation, service and repeat purchases. Personal selling is effective for new or demonstration-required products.

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    Unit-Iv Personal Selling Process: 1. Identifying The Prospective Buyer (Prospecting and Qualifying)

    Uploaded by

    Vijay Raj
    20 views2 pages
    The personal selling process consists of seven stages: 1) identifying prospective buyers through directories, websites, trade shows and referrals and qualifying them; 2) determining the best pre-approach method such as a visit, phone call or letter; 3) properly greeting and starting a conversation with the prospect; 4) presenting and demonstrating the product features, benefits and worth; 5) overcoming objections by clarifying concerns and convincing the customer; 6) requesting the customer place an order; and 7) following up to ensure delivery, installation, service and repeat purchases. Personal selling is effective for new or demonstration-required products.

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    637199727163291838BCC6Sem(Personal Selling, 16.03.2020)

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    The personal selling process consists of seven stages: 1) identifying prospective buyers through directories, websites, trade shows and referrals and qualifying them; 2) determining the best pre-approach method such as a visit, phone call or letter; 3) properly greeting and starting a conversation with the prospect; 4) presenting and demonstrating the product features, benefits and worth; 5) overcoming objections by clarifying concerns and convincing the customer; 6) requesting the customer place an order; and 7) following up to ensure delivery, installation, service and repeat purchases. Personal selling is effective for new or demonstration-required products.

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    20 views2 pages

    Unit-Iv Personal Selling Process: 1. Identifying The Prospective Buyer (Prospecting and Qualifying)

    Uploaded by

    Vijay Raj
    The personal selling process consists of seven stages: 1) identifying prospective buyers through directories, websites, trade shows and referrals and qualifying them; 2) determining the best pre-approach method such as a visit, phone call or letter; 3) properly greeting and starting a conversation with the prospect; 4) presenting and demonstrating the product features, benefits and worth; 5) overcoming objections by clarifying concerns and convincing the customer; 6) requesting the customer place an order; and 7) following up to ensure delivery, installation, service and repeat purchases. Personal selling is effective for new or demonstration-required products.

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    UNIT-IV

    PERSONAL SELLING PROCESS

    The personal selling process consists of seven stages as discussed below:

    1. Identifying the Prospective Buyer (Prospecting and Qualifying):


    The first stage of personal selling process involves identifying potential customers. All
    prospects identified may not turn out to be actual customers. Hence identifying the right
    prospect is essential as it determines the future selling process. Marketers tap different
    sources to identify the prospective customers. Marketers search for prospects in directories,
    websites and contact through mail and telephone.

    Marketers establish booth at trade shows and exhibitions, get the names of the prospects from
    existing customers, cultivate referral sources such as – dealers, suppliers, sales
    representatives, executives, bankers etc. After identifying the prospect the sales person
    qualifies the prospects on the basis of their financial ability, needs, taste and preferences.

    2. Pre-Approach:
    The next step to prospecting and qualifying is pre-approach. At this stage the salesperson
    needs to decide as to how to approach the prospective customer. The salesperson may make a
    personal visit, a phone call or send a letter, based on the convenience of the prospects.

    3. Approach:
    At this stage the salesperson should properly approach the prospects. He should properly
    greet the buyer and give a good start to the conversation. The salesperson’s attitude,
    appearance, way of speaking etc. matter most at this stage.

    4. Presentation and Demonstration:


    At this stage the salesperson provides detailed information about the product and benefits of
    the product. The salesperson narrates the features of the product, explains the benefit and the
    worth of the product in terms of money.

    5. Overcoming Objections:
    After presentation and demonstration, when customers are asked to place order, they are
    reluctant to buy and raise objection. Customers give importance to well-established brands,
    show apathy, impatience, reluctance to participate in the talk etc. Customer may raise
    objection with regard to price, delivery schedule; product or company characteristics, etc.
    Salesperson handles such objections skilfully by clarifying their objections and convinces the
    customer to make purchase.

    6. Closing:
    After handling objections and convincing customers to buy the product, the salesperson
    requests the customer to place order. The salesperson assists the buyer to place order.

    7. Follow-Up
    Immediately after closing the sale, the salesperson should take some follow up measures. The
    sales person assures about delivery at right time, proper installation, after sales service. This
    ensures customer satisfaction and repeat purchase.

    In case of newly introduced product and product that requires demonstration and
    presentation, personal selling is effective.

    (In next lecture we will discuss each of the above mentioned stages in detail. Students are advised to
    read the material thoroughly and contact the teacher at email id: [email protected] in
    case of any doubt.)

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