SlideShare une entreprise Scribd logo
1  sur  18
Definition
Exchange of a thing of
value with an other thing of
value with mutual consent.
Sale of a commodity in
exchange of cash
SELLING
The chain of a
commerce where a
buyer exchanges cash
for a seller’s goods or
services,
Or the activity of
trying to bring this
about
Four types of Selling
Transactional Selling
 A term used to describe a sales strategy that involves focusing on
achieving quick sales without a significant attempt to form a
long term customer relationship. A transactional selling strategy
tends to be more common for a business that offers a fairly
generic product or service with the objective of profiting by
making a high volume of sales.
The lowest rung of selling is transaction selling (trust us when
we say it is barely selling). Transactional selling is exactly what
the name outlines. Customer asks question A, sales individual
replies to question A. Customer asks for a discount, sales
individual gives 10%. You get the picture. There is minimal pro-
activeness and hope is the main strategy of this system.
Feature Selling
 Sadly, many of the sales individuals we have spoken to over a period of time are
stuck in the feature selling space. Feature selling is all about answering
customer questions with a feature.
 For example:
 Customer: I want to buy a phone.
 Sales individual: Great! what do you want in a phone?
 Customer: Something with a good camera.
 Sales individual: I have just the phone for you, here is the XYZ phone. It has a
16 MP camera, a very loud speaker phone and above all….
 We are sure you have been subjected to this kind of sales pitch in the past. This
method only works if you are lucky or if everything you say is exactly or largely
what the customer is looking for. Not to mention, such comparisons usually
end in pricing comparisons.
 Feature selling is also the best way to bore a prospect before he becomes a
customer. Talking to a customer non-stop about product features that are not
relevant to him will bore him, no matter how patient your prospect is or how
good your pitch is.
Value Selling
 Value-Based Selling is the process of understanding
and reinforcing the reasons why your offer is valuable
to the purchaser.
 Though Value-Based Selling, you increase the
likelihood of a transaction as well as the price the
purchaser is willing to pay.
 Always sell based on the value your offer provides, not
the cost
Consultative selling
 As it stands today, consultative selling is the highest level of selling. It is
selling Zen. Consultative selling involves everything in value selling but
adds elements like industry insights, consulting (instead of selling) to
the equation. To put it in words, a consultative sales pitch will involve
much more than just pitching the value. For example:
 Sales Individual: As you might be aware that 5% of all users are
currently using their mobile phones to make these videos. I understand
you have already invested in the desktop side of the business, but our
research shows that mobile is the future. I am sending across a
whitepaper for your perusal.
 The above pitch is coming from a sales individual that sells primarily
desktop products. The point we are trying to make is, that consultative
sellers are not trying to introduce just their products but also trying to
act as a true consultant to their prospects. While the above is a small
example in the world of consultative selling, it should point out to the
maturity needed to pull it off.
Sales Call Steps
Prospecting
A prospect is someone
that could buy the
product or services that
a sales person is
promoting .
Sales prospecting refers
to the search for new
and competent
customers.
Pre Call Planning
Call planning consists of
specifying which products
each sales force has to
promote to which customer
segment, as time unfolds.
... The FSP (Field
Sales Plan) is a tool we
developed to help
generate call plans.
Opening the Call
Presenting
1. Formally introducing or
offering products and
services to the customer.
2. New schemes
announcement
3. New product
introduction.
Objection Handling
 Listen the objection
 Validate the
Problem
 Say it back to the
customer
 Answer the
Objection
Closing
Finalizing the sales
process and getting
Commitment.
Thanking the
customer.
Follow -Up
Basics of sales
Basics of sales

Contenu connexe

Tendances

Selling Techniques
Selling TechniquesSelling Techniques
Selling Techniques
kktv
 
Effective selling techniques
Effective selling techniquesEffective selling techniques
Effective selling techniques
weetong
 

Tendances (20)

Selling Techniques
Selling TechniquesSelling Techniques
Selling Techniques
 
Improving Your Selling Skills
Improving Your Selling SkillsImproving Your Selling Skills
Improving Your Selling Skills
 
Sales training module presentation slides john
Sales training module presentation slides johnSales training module presentation slides john
Sales training module presentation slides john
 
Selling Techniques
Selling TechniquesSelling Techniques
Selling Techniques
 
Pharma selling challenges
Pharma selling challenges Pharma selling challenges
Pharma selling challenges
 
Sales Call
Sales CallSales Call
Sales Call
 
Advanced Professional Selling Skills
Advanced Professional Selling SkillsAdvanced Professional Selling Skills
Advanced Professional Selling Skills
 
Sales 101
Sales 101Sales 101
Sales 101
 
Sales training
Sales trainingSales training
Sales training
 
Overcoming Objections
Overcoming ObjectionsOvercoming Objections
Overcoming Objections
 
Sales Training Guide
Sales Training GuideSales Training Guide
Sales Training Guide
 
Sales skills handouts
Sales skills handoutsSales skills handouts
Sales skills handouts
 
Selling skills
Selling skillsSelling skills
Selling skills
 
Sales training key account managers selling skills workshop
Sales training key account managers selling skills workshopSales training key account managers selling skills workshop
Sales training key account managers selling skills workshop
 
Sales Training
Sales TrainingSales Training
Sales Training
 
Professional basic selling skills
Professional basic selling skillsProfessional basic selling skills
Professional basic selling skills
 
Selling skills training
Selling skills training Selling skills training
Selling skills training
 
Closing Sales Sample
Closing Sales SampleClosing Sales Sample
Closing Sales Sample
 
Effective selling techniques
Effective selling techniquesEffective selling techniques
Effective selling techniques
 
Sales person
Sales personSales person
Sales person
 

Similaire à Basics of sales

Personal Selling Chapter 1
Personal Selling Chapter 1Personal Selling Chapter 1
Personal Selling Chapter 1
Muhammad Khan
 
Closing sales deal
Closing sales dealClosing sales deal
Closing sales deal
Tania Aslam
 
NEGOTIATING SKILLS FOR DUMMIES
NEGOTIATING SKILLS FOR DUMMIESNEGOTIATING SKILLS FOR DUMMIES
NEGOTIATING SKILLS FOR DUMMIES
Ronald Aniceto
 
Sales Methodology for B2B SaaS Companies
Sales Methodology for B2B SaaS CompaniesSales Methodology for B2B SaaS Companies
Sales Methodology for B2B SaaS Companies
Guillaume Lerouge
 

Similaire à Basics of sales (20)

Developing selling skills presented at lorache consulting lagos
Developing selling skills presented at lorache consulting lagosDeveloping selling skills presented at lorache consulting lagos
Developing selling skills presented at lorache consulting lagos
 
MARKETING
MARKETINGMARKETING
MARKETING
 
Personal Selling - Chapter 1
Personal Selling - Chapter 1Personal Selling - Chapter 1
Personal Selling - Chapter 1
 
Personal Selling Chapter 1
Personal Selling Chapter 1Personal Selling Chapter 1
Personal Selling Chapter 1
 
Chap 9 reporting
Chap 9 reportingChap 9 reporting
Chap 9 reporting
 
Marketing Mindset - Less Selling Means More Buying
Marketing Mindset - Less Selling Means More BuyingMarketing Mindset - Less Selling Means More Buying
Marketing Mindset - Less Selling Means More Buying
 
Partner Training: Sales skills
Partner Training: Sales skillsPartner Training: Sales skills
Partner Training: Sales skills
 
Closing sales deal
Closing sales dealClosing sales deal
Closing sales deal
 
IPS Selling Skills Presentation Slideshow
IPS Selling Skills Presentation SlideshowIPS Selling Skills Presentation Slideshow
IPS Selling Skills Presentation Slideshow
 
Making your sales pitch by www.jobbazzar.com
Making your sales pitch  by   www.jobbazzar.comMaking your sales pitch  by   www.jobbazzar.com
Making your sales pitch by www.jobbazzar.com
 
NEGOTIATING SKILLS FOR DUMMIES
NEGOTIATING SKILLS FOR DUMMIESNEGOTIATING SKILLS FOR DUMMIES
NEGOTIATING SKILLS FOR DUMMIES
 
Increase sales
Increase salesIncrease sales
Increase sales
 
100 Sales Tips for 2014 Salesforce ebook
100 Sales Tips for 2014 Salesforce ebook100 Sales Tips for 2014 Salesforce ebook
100 Sales Tips for 2014 Salesforce ebook
 
Sales Methodology for B2B SaaS Companies
Sales Methodology for B2B SaaS CompaniesSales Methodology for B2B SaaS Companies
Sales Methodology for B2B SaaS Companies
 
Sales The New Need Of Life
Sales   The New Need Of LifeSales   The New Need Of Life
Sales The New Need Of Life
 
5 formulas for customer loyalty
5 formulas for customer loyalty5 formulas for customer loyalty
5 formulas for customer loyalty
 
The Sales Workshop
The Sales WorkshopThe Sales Workshop
The Sales Workshop
 
The psychology of selling
The psychology of selling The psychology of selling
The psychology of selling
 
Trigger Strategies - The New Reality of Sales - Report
Trigger Strategies - The New Reality of Sales - ReportTrigger Strategies - The New Reality of Sales - Report
Trigger Strategies - The New Reality of Sales - Report
 
How_to_Design_a_Sales_Process_B2B.pdf
How_to_Design_a_Sales_Process_B2B.pdfHow_to_Design_a_Sales_Process_B2B.pdf
How_to_Design_a_Sales_Process_B2B.pdf
 

Plus de Iftikhar.A. Chauhan

Plus de Iftikhar.A. Chauhan (6)

Accountability, Responsibility & Ownership
Accountability, Responsibility & OwnershipAccountability, Responsibility & Ownership
Accountability, Responsibility & Ownership
 
Customer service skills
Customer service skillsCustomer service skills
Customer service skills
 
The Manager's Training
The Manager's Training The Manager's Training
The Manager's Training
 
Skill will matrix
Skill  will matrixSkill  will matrix
Skill will matrix
 
Importance of Discipline
 Importance of Discipline  Importance of Discipline
Importance of Discipline
 
Loyalty
LoyaltyLoyalty
Loyalty
 

Dernier

Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Abortion pills in Kuwait Cytotec pills in Kuwait
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 

Dernier (20)

BeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdfBeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdf
 
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Buy Verified TransferWise Accounts From Seosmmearth
Buy Verified TransferWise Accounts From SeosmmearthBuy Verified TransferWise Accounts From Seosmmearth
Buy Verified TransferWise Accounts From Seosmmearth
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 

Basics of sales

  • 1.
  • 2. Definition Exchange of a thing of value with an other thing of value with mutual consent. Sale of a commodity in exchange of cash
  • 3. SELLING The chain of a commerce where a buyer exchanges cash for a seller’s goods or services, Or the activity of trying to bring this about
  • 4. Four types of Selling
  • 5. Transactional Selling  A term used to describe a sales strategy that involves focusing on achieving quick sales without a significant attempt to form a long term customer relationship. A transactional selling strategy tends to be more common for a business that offers a fairly generic product or service with the objective of profiting by making a high volume of sales. The lowest rung of selling is transaction selling (trust us when we say it is barely selling). Transactional selling is exactly what the name outlines. Customer asks question A, sales individual replies to question A. Customer asks for a discount, sales individual gives 10%. You get the picture. There is minimal pro- activeness and hope is the main strategy of this system.
  • 6. Feature Selling  Sadly, many of the sales individuals we have spoken to over a period of time are stuck in the feature selling space. Feature selling is all about answering customer questions with a feature.  For example:  Customer: I want to buy a phone.  Sales individual: Great! what do you want in a phone?  Customer: Something with a good camera.  Sales individual: I have just the phone for you, here is the XYZ phone. It has a 16 MP camera, a very loud speaker phone and above all….  We are sure you have been subjected to this kind of sales pitch in the past. This method only works if you are lucky or if everything you say is exactly or largely what the customer is looking for. Not to mention, such comparisons usually end in pricing comparisons.  Feature selling is also the best way to bore a prospect before he becomes a customer. Talking to a customer non-stop about product features that are not relevant to him will bore him, no matter how patient your prospect is or how good your pitch is.
  • 7. Value Selling  Value-Based Selling is the process of understanding and reinforcing the reasons why your offer is valuable to the purchaser.  Though Value-Based Selling, you increase the likelihood of a transaction as well as the price the purchaser is willing to pay.  Always sell based on the value your offer provides, not the cost
  • 8. Consultative selling  As it stands today, consultative selling is the highest level of selling. It is selling Zen. Consultative selling involves everything in value selling but adds elements like industry insights, consulting (instead of selling) to the equation. To put it in words, a consultative sales pitch will involve much more than just pitching the value. For example:  Sales Individual: As you might be aware that 5% of all users are currently using their mobile phones to make these videos. I understand you have already invested in the desktop side of the business, but our research shows that mobile is the future. I am sending across a whitepaper for your perusal.  The above pitch is coming from a sales individual that sells primarily desktop products. The point we are trying to make is, that consultative sellers are not trying to introduce just their products but also trying to act as a true consultant to their prospects. While the above is a small example in the world of consultative selling, it should point out to the maturity needed to pull it off.
  • 10. Prospecting A prospect is someone that could buy the product or services that a sales person is promoting . Sales prospecting refers to the search for new and competent customers.
  • 11. Pre Call Planning Call planning consists of specifying which products each sales force has to promote to which customer segment, as time unfolds. ... The FSP (Field Sales Plan) is a tool we developed to help generate call plans.
  • 13. Presenting 1. Formally introducing or offering products and services to the customer. 2. New schemes announcement 3. New product introduction.
  • 14. Objection Handling  Listen the objection  Validate the Problem  Say it back to the customer  Answer the Objection
  • 15. Closing Finalizing the sales process and getting Commitment. Thanking the customer.