LEARNING OBJECTIVES (LO)
AFTER READING CHAPTER 20, YOU SHOULD BE ABLE TO:
Discuss the nature and scope of personal selling and sales management in marketing.
Identify the different types of personal selling.
Explain the stages in the personal selling process.
Describe the major functions of sales management.
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Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.LO 20-2LEARNING OBJECTIVES (LO)AFTER READING CHAPTER 20, YOU SHOULD BE ABLE TO:LO 20-1Identify the different types of personal selling.Discuss the nature and scope of personal selling and sales management in marketing.LO 20-3Explain the stages in the personal selling process.LO 20-4Describe the major functions of sales management.20-*MEET TODAY’S SALES PROFESSIONAL20-*SCOPE AND SIGNIFICANCE OF PERSONAL SELLING AND SALES MANAGEMENTLO 20-1CambridgeSalesPersonal SellingSales ManagementSelling Happens Almost Everywhere“Everyone Lives by Selling Something”Personal Selling in Marketing20-*FIGURE 20-1 Personal selling and sales management quiz. What are your answers?20-*SCOPE AND SIGNIFICANCE OF PERSONAL SELLING AND SALES MANAGEMENTCREATING CUSTOMER VALUELO 20-1Salespeople:Identify Creative Solutionsto Customer ProblemsEase the Customer Buying ProcessMake the After-the-Sale Follow-Up20-*SCOPE AND SIGNIFICANCE OF PERSONAL SELLING AND SALES MANAGEMENTCREATING CUSTOMER VALUELO 20-1Relationship SellingPartnership SellingEnterprise Selling20-*MARKETING MATTERS Science and Selling: Is Customer Value Creationin Your Genes?LO 20-120-*THE MANY FORMS OF PERSONAL SELLINGORDER TAKINGLO 20-2Order TakerOutside Order TakersInside Order TakersOrder ClerksSalesclerksInboundTelemarketing20-*THE MANY FORMS OF PERSONAL SELLINGORDER GETTINGLO 20-2Outside Order GettersInside Order GettersOutbound TelemarketingOrder Getter20-*FIGURE 20-2 How outside order-getting salespeople spend their time each week20-*FIGURE 20-A Comparing order takers and order getters20-*THE MANY FORMS OF PERSONAL SELLINGCUSTOMER SALES SUPPORT PERSONNELLO 20-2Missionary SalespeopleSales EngineerTeam SellingConference SellingSeminar Selling20-*MARKETING MATTERS Creating and Sustaining Customer Value throughCross-Functional Team SellingLO 20-220-*FIGURE 20-3 Stages and objectives of the personal selling process20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPROSPECTINGLO 20-3Personal Selling ProcessProspecting Stage20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPROSPECTINGLO 20-3ProspectLeadQualified ProspectCold Canvassing/Cold CallingTypes of Prospects20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPREAPPROACHLO 20-3Preapproach StageMethodExpectationsWhen to Contact20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPREAPPROACHLO 20-3Approach StageCustomsGestures20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPRESENTATIONLO 20-3Presentation Stage20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPRESENTATIONLO 20-3Presentation FormatsStimulus-Response PresentationSuggestive Selling20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPRESENTATIONLO 20-3Presentation FormatsFormula Selling PresentationCanned Sales Presentation20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPRESENTATIONLO 20-3Presentation FormatsNeed-Satisfaction PresentationAdaptive SellingConsultative Selling20-*MARKETING MATTERS Imagine ThisPutting the Customerinto Customer Solutions!LO 20-320-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSPRESENTATIONLO 20-3Handling ObjectionsAcknowledge and ConvertPostponeAgree and NeutralizeAcceptanceDenialIgnore20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSCLOSELO 20-3Close StageAssumptive CloseTrial CloseUrgency CloseFinal Close20-*THE PERSONAL SELLING PROCESS:BUILDING RELATIONSHIPSFOLLOW-UPLO 20-3Follow-Up StageReferralsRepeat Sales 20-*FIGURE 20-4 The sales management process involves sales plan formulation, implementation, and evaluation20-*THE SALES MANAGEMENT PROCESSSALES PLAN FORMULATIONLO 20-4Sales PlanSetting ObjectivesOutput-RelatedInput-RelatedBehaviorally-RelatedCompetition-RelatedServe as Metrics20-*MAKING RESPONSIBLE DECISIONSThe Ethics of Asking Customers about CompetitorsLO 20-420-*THE SALES MANAGEMENT PROCESSSALES PLAN FORMULATIONLO 20-4Organizing the SalesforceOwn Salesforce vs. Independent Agents20-*FIGURE 20-5 A break-even chart for comparing a company salesforce and independent agents20-*THE SALES MANAGEMENT PROCESSSALES PLAN FORMULATIONLO 20-4Organizing the SalesforceStructure of the SalesforceCustomerProductGeographyKey Account Management20-*FIGURE 20-6 Organizing the salesforce by geography, customer, or product20-*FIGURE 20-6A Organizing the salesforce by geography20-*FIGURE 20-6B Organizing the salesforce by customer20-*FIGURE 20-6C Organizing the salesforce by product20-*THE SALES MANAGEMENT PROCESSSALES PLAN FORMULATIONLO 20-4Organizing the SalesforceWorkload MethodAccount Management Policies20-*FIGURE 20-7 An account management policy grid grouping customers according to the level of opportunity and a firm’s competitive sales position20-*THE SALES MANAGEMENT PROCESSSALES PLAN IMPLEMENTATIONLO 20-4Job AnalysisSalesforce Recruitment and SelectionJob DescriptionEmotional IntelligenceSalesforce TrainingOn-the-JobOther Methods20-*MARKETING INSITEWhat is Your Emotional Intelligence?Test Yourself and See.LO 20-4Self-Motivation SkillsEmotional IntelligenceSelf-AwarenessManaging One’s EmotionsEmpathySocial Skills20-*THE SALES MANAGEMENT PROCESSSALES PLAN IMPLEMENTATIONLO 20-4Salesforce Motivation & CompensationStraight SalaryStraight CommissionCombinationNonmonetary20-*THE SALES MANAGEMENT PROCESSSALES PLAN EVALUATIONLO 20-4Quantitative AssessmentsSales QuotaBehavioral EvaluationSubjective MeasuresCustomer SatisfactionOutput-RelatedInput-Related20-*USING MARKETING DASHBOARDSTracking Salesperson Performance atMoore Chemical & Sanitation Supply, Inc. LO 20-420-*THE SALES MANAGEMENT PROCESSSALES FORCE AUTOMATION ANDCUSTOMER RELATIONSHIP MANAGEMENTLO 20-4Salesforce Automation (SFA)Salesforce TechnologySalesforce CommunicationInternet20-*XEROX: BUILDING CUSTOMER RELATIONSHIPS THROUGH PERSONAL SELLINGVIDEO CASE 2020-*