SLS3 Process Aug 2011
SLS3 Process Aug 2011
SLS3 Process Aug 2011
Selling Process
Sales Management
Sales persons knowledge universe
Prod Knowledge Company Knowledge History Finance Management Size Policies Features Benefits Price Competitor Knowledge Industry structure Market Share Market behavior Other policies
Sales Management
Selling process Duties of SP vary in different selling situation Fundamental duty of SP is to provide product & service information to the customer SP works as a source of market intelligence Being close to customers, SP possess info about customer preference, switching behavior & demand pattern SP helps the organization in forecasting territorial redesign, collecting competitor info
Sales Management
Selling process Sales Person locates & identifies the prospects Makes sales presentation Closes a call Follow up with existing customers Measures success & customer satisfaction levels
Sales Management
Selling process
Pre sale preparation Prospecting
Objection handling
Sales presentation
Pre sale preparation: Adequate knowledge about product, market, competitors product, prices, customer segment & selling technique to be applied
Sales Management
ICICI bank model
Exit/follow up
Closing sale
Handling objection Demonstration Presentation Customer contact Prospecting
Account Opening
Sales presentation
Customer retention
Customer acquisition
Prospect
Phase 3
Sales Management
Class Assignment : Eureka Forbes
How will you go about with the selling of the following products Industrial products: Solar heater panels Robot with a sensor FMCG product: Green tea dispersible tablets Pharma product: Medicated diapers Service product: ICICI pinnacle fund Automobile product: TATA Nano