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Professional Selling:                                                     
A Practical Approach

   Class # X 460-16

   Tuesday evenings - 6:30 – 9:30pm

   June 21st – August 30th

   6:30 – 9:30pm

   Location: UCLA Campus              Instructors:
                                       Mark Stern - mhstern45@gmail.com
   Room : Haines Hall A44             Dave Novak - dave@tradewindmarketing.com
Sales & Marketing Challenges
                                                            2010 and forward


           “Every morning in Africa, a gazelle wakes up.
 It knows it must run faster than the fastest lion or it will be killed.
                   Every morning a lion wakes up.
It knows it must outrun the slowest gazelle or it will starve to death.
        It doesn’t matter whether you are a lion or a gazelle.
         When the sun comes up, you better start running”


                                              African Proverb, “The World Is Flat”
The Difference Between Good and Great
                 62% of Salespeople Fail to Ask for Commitment

                 86% of Salespeople Ask the Wrong Questions

                 82% of Salespeople Fail to Differentiate

                 99% of Salespeople Fail to Set the Right Call Objectives

                 95% of Salespeople Talk Too Much and Listen Too Little

                                           The Five Critical Selling Skills
            1                      2                 3             4                5
                Gaining                Questioning        Sales        Sales Call       Presentation
              Commitment                  Skills         Process       Planning            Skills



*Source: The Sales Board: Action Selling
Why Choose Sales As A Career
 An opportunity to make friends through relationship selling

 Flexibility

 Ability to move up within an organization

 Always changing environment

 Challenge of building market share

 Introducing new products to market

 Global Market Opportunities

 An opportunity to earn big
Personal Qualities Required For Sales Success
The Cost Of A Sales Call
                                                              Do The Math

 On average, a salesperson makes approximately 15 calls per week

 This = 720 calls per year

 If each call costs $107.00, this = $77,040.00 a year per salesperson

 If you have 5 salespeople, your total sales expenses =

     $385,200
The Cost Per Sale
      By Industry:
        Manufacturing                                 $158.00
        Retail                                        $98.00
        Service                                       $106.00
        Wholesale/Distribution                        $81.00
      By Company Revenue:
        Less than $4million                           $87.00
        $4 million- $19.9 million                     $108.00
        $20 million - $99.9 million                   $117.00
        $100 million +                                $131.00
                        (Figures include salary, travel and entertainment expenses only)


*Source: Sales and Marketing Management Magazine
The Selling Concept
                                    Sales & Marketing Working Together



    Where marketing is the process of planning and execution, selling
    is the process of motivating and inspiring the buyer to make a
    purchase and developing relationships that result in repeat sales
    and customer loyalty


    Sales and Marketing departments must work together to assure
    that the company is meeting the customer’s requirements and
    providing customer satisfaction
Sales and Marketing As A Process
 A process is a series of activities designed to produce certain
    results
       Allows you to produce and measure results
Traditional Organization
Trust-Based Organizations
Traditional Selling Method
Today’s Selling Method
Traditional vs. 2011 Salesperson
 Traditional                       Today’s Salesperson
      Product oriented                  Customer oriented
      Creates customers needs           Motivates and inspires
                                          customer
      One-way communication
                                         Two way communicator
      Pushes products
                                         Listens, learns and teaches
      Sells products & services
                                         Sells solutions
      Short term sales
                                         Long-term partnerships
      No after sales follow-up
                                         Emphasis on follow-up
      Works alone
                                         Works as part of a team
                                         Customer service driven
                                                   = Trust-Based Selling
                                                   = Relationship Selling
The Four Stages Of A Buying Life Cycle
 The sales person can approach the prospect/buyer at different
   stages depending on where they are at in the buying process:
The Selling Concept
 The Selling Concept - Do you have the tools to successfully be an
   effective sales professional and create demand for your product or
   service
      Training & understanding what selling is
      Concepts
        Listening and communication skills
        Researching and presentations
        Being adaptable to different personalities
        Developing relationships and long-term partnerships
        Being passionate about your work
   Customer service support
   Commitment from top management
Selling “B2B”
 When sales of products and services are sold directly to a business

      Sales to resellers
        Apparel products manufacturer sells to a retailer who then resells to
           consumer

      Sales to business users
        Manufacturer sells directly to a business

       i.e. G.E. sells parts to Boeing

      Sales to institutions
        Dell sells its products to UCLA
Selling Business to Business
                                                                     “B2B”

 Business marketing is the marketing of products and services to
   other companies, government agencies, institutions and
   organizations


 Business marketing facilitates and supports other facilities and
   operations in their business plans to provide product and service to
   consumers, etc
Selling to Consumer Market
                                                                  “B2C”

 Consumer marketing is the process of planning activities that
   move a product/service from the produce to the consumer

 Approximately 45% of family expenditures are spent on product
   and services directly to the consumer
Selling B2C
 These sales jobs are selling products and services directly to the
   end-user
       Retailing
       Real Estate
       Multi-Level Marketing
         Avon & Mary Kay
         Supplemental Health Products
Total Quality Sales Process
 Successful selling is the effective use of people, systems and
   procedures

                                 Customers




                Sales & Inter-                Management
                Departmental       Sales       Support &
                   Support        Process     Commitment




                                  Effective
                                  Operating
                                 Procedures
The Business Of Selling
      Building Long Term Partnerships
Consumers Buy To Satisfy Wants and Needs…
                                  Solution Selling
 Wants and needs are a mixture of rational and emotional factors

       I want a car that gets good mileage – WANT

       I need a hybrid car that gets 45-50 mpg – NEED

 Good salespeople sell solutions and inform the buyer what the
   product will do for them….. Not just what the product is
       This washing machine has a faster spinning drum

       This washing machine can save you time and money because it has
        a faster spinning drum
Factors That Influence
             The Sales Process
Trust-Based Selling Characteristics
             Expertise
                    Ability, knowledge and recourses to meet customers
                     expectations
                    Dependability
                          The predictability of your actions
                    Candor
                          Honesty of the spoken word
                    Customer orientation
                          Placing as much emphasis on the customer’s interest as your
                              own
                    Compatibility
                          Developing and maintaining a relationship with the buyer
Source: Professional Selling, A Trust-Based Approach
Relationship Selling
 Loyal customers- it is more costly to develop new customers than
   to retain and grow existing customers
      Repeat sales
      Brand loyalty
      Trust
      Communication that is pro-active rather than re-active
      INCREASED REVENUES
      Valued partnership
Discussion Question
 Do you think that the internet will replace the role of a sales
    person?

 Sales people are born and not made…
       How do you feel about this?

 Selling is just a bag of tricks?

 It’s all about price when it comes to selling?
What is your Purpose and Your Vision
 “Living a life of integrity starts with making and keeping
  promises, until the human personality, the senses, the
  thinking, the feeling, and the intuition, are ultimately
  integrated and harmonized”
             Stephen R. Covey – Author, Philosopher and Motivational
               Speaker

 “Living With Passion – This is the core of the human spirit…If
  we can find something to live for – if we can find some
  meaning to put at the center of our lives- even the worst kind
  of suffering becomes bearable.”
             Victor Frankl- Neurologist, Psychiatrist, Holocaust Survivor
Why – Be – Do Process
 Why defines your vision and purpose
 Be defines how will you be, what you stand for
 Do defines what will you do
       Mark’s example:
        * I am committed to being healthy, fit and energ etic s o that I will enjoy life
             to the fulles t, focus ing my priorities on my family and friends . I will
             do this by reg ularly exercis ing and eating healthy, loving and caring
             about the world we live in and continuing to focus on my teaching
             and mentoring throug h extens ion cours es . I am g rateful for my
             s piritual teachers , family and friends and my bes t friend and
             s oulmate.
        S tudent Example:
               * I commit to being the mos t kind, warm-hearted pers on, becaus e in
life, it’s all about relations hips that ultimately define our quality of life. I am in
balance, living a life of emotional, phys ical, s piritual, mental and financial luxury.
To do this , I will continue to challeng e mys elf to learn in my relations hips and
g row in my career, s ucces s fully taking on life’s trials that pres ent thems elves in
differing s hapes and forms .
WHY – BE – DO Process

 Why defines your vision and purpose
 Be defines how will you be, what you stand for
 Do defines what will you do
       Mark’s example:
        * I am committed to being healthy, fit and energetic so that I will enjoy life
            to the fullest, focusing my priorities on my family and friends. I will do
            this by regularly exercising and eating healthy, loving and caring about
            the world we live in and continuing to focus on my teaching and mentoring
            through extension courses. I am grateful for my spiritual teachers, family
            and friends ,and especially my soul mate and life partner, Kathy.
        Student Example:
               * I commit to being the most kind, warm-hearted person, because in life,
it’s all    about relationships that ultimately define our quality of life. I am in
balance, living a life of emotional, physical, spiritual, mental and financial luxury.
To do this, I will continue to challenge myself to learn in my relationships and grow
in my career, successfully taking on life’s trials that present themselves in differing
Homework #1
 Pre-Assessment

 Personal Mission / Purpose Statement

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Week One Intro To Selling New Version Summer 2011

  • 1. Professional Selling:  A Practical Approach  Class # X 460-16  Tuesday evenings - 6:30 – 9:30pm  June 21st – August 30th  6:30 – 9:30pm  Location: UCLA Campus Instructors: Mark Stern - mhstern45@gmail.com  Room : Haines Hall A44 Dave Novak - dave@tradewindmarketing.com
  • 2. Sales & Marketing Challenges 2010 and forward “Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn’t matter whether you are a lion or a gazelle. When the sun comes up, you better start running” African Proverb, “The World Is Flat”
  • 3. The Difference Between Good and Great 62% of Salespeople Fail to Ask for Commitment 86% of Salespeople Ask the Wrong Questions 82% of Salespeople Fail to Differentiate 99% of Salespeople Fail to Set the Right Call Objectives 95% of Salespeople Talk Too Much and Listen Too Little The Five Critical Selling Skills 1 2 3 4 5 Gaining Questioning Sales Sales Call Presentation Commitment Skills Process Planning Skills *Source: The Sales Board: Action Selling
  • 4. Why Choose Sales As A Career  An opportunity to make friends through relationship selling  Flexibility  Ability to move up within an organization  Always changing environment  Challenge of building market share  Introducing new products to market  Global Market Opportunities  An opportunity to earn big
  • 5. Personal Qualities Required For Sales Success
  • 6. The Cost Of A Sales Call Do The Math  On average, a salesperson makes approximately 15 calls per week  This = 720 calls per year  If each call costs $107.00, this = $77,040.00 a year per salesperson  If you have 5 salespeople, your total sales expenses = $385,200
  • 7. The Cost Per Sale  By Industry:  Manufacturing $158.00  Retail $98.00  Service $106.00  Wholesale/Distribution $81.00  By Company Revenue:  Less than $4million $87.00  $4 million- $19.9 million $108.00  $20 million - $99.9 million $117.00  $100 million + $131.00 (Figures include salary, travel and entertainment expenses only) *Source: Sales and Marketing Management Magazine
  • 8. The Selling Concept Sales & Marketing Working Together  Where marketing is the process of planning and execution, selling is the process of motivating and inspiring the buyer to make a purchase and developing relationships that result in repeat sales and customer loyalty  Sales and Marketing departments must work together to assure that the company is meeting the customer’s requirements and providing customer satisfaction
  • 9. Sales and Marketing As A Process  A process is a series of activities designed to produce certain results  Allows you to produce and measure results
  • 14. Traditional vs. 2011 Salesperson  Traditional  Today’s Salesperson  Product oriented  Customer oriented  Creates customers needs  Motivates and inspires customer  One-way communication  Two way communicator  Pushes products  Listens, learns and teaches  Sells products & services  Sells solutions  Short term sales  Long-term partnerships  No after sales follow-up  Emphasis on follow-up  Works alone  Works as part of a team  Customer service driven = Trust-Based Selling = Relationship Selling
  • 15. The Four Stages Of A Buying Life Cycle  The sales person can approach the prospect/buyer at different stages depending on where they are at in the buying process:
  • 16. The Selling Concept  The Selling Concept - Do you have the tools to successfully be an effective sales professional and create demand for your product or service  Training & understanding what selling is  Concepts  Listening and communication skills  Researching and presentations  Being adaptable to different personalities  Developing relationships and long-term partnerships  Being passionate about your work  Customer service support  Commitment from top management
  • 17. Selling “B2B”  When sales of products and services are sold directly to a business  Sales to resellers  Apparel products manufacturer sells to a retailer who then resells to consumer  Sales to business users  Manufacturer sells directly to a business i.e. G.E. sells parts to Boeing  Sales to institutions  Dell sells its products to UCLA
  • 18. Selling Business to Business “B2B”  Business marketing is the marketing of products and services to other companies, government agencies, institutions and organizations  Business marketing facilitates and supports other facilities and operations in their business plans to provide product and service to consumers, etc
  • 19. Selling to Consumer Market “B2C”  Consumer marketing is the process of planning activities that move a product/service from the produce to the consumer  Approximately 45% of family expenditures are spent on product and services directly to the consumer
  • 20. Selling B2C  These sales jobs are selling products and services directly to the end-user  Retailing  Real Estate  Multi-Level Marketing  Avon & Mary Kay  Supplemental Health Products
  • 21. Total Quality Sales Process  Successful selling is the effective use of people, systems and procedures Customers Sales & Inter- Management Departmental Sales Support & Support Process Commitment Effective Operating Procedures
  • 22. The Business Of Selling Building Long Term Partnerships
  • 23. Consumers Buy To Satisfy Wants and Needs… Solution Selling  Wants and needs are a mixture of rational and emotional factors  I want a car that gets good mileage – WANT  I need a hybrid car that gets 45-50 mpg – NEED  Good salespeople sell solutions and inform the buyer what the product will do for them….. Not just what the product is  This washing machine has a faster spinning drum  This washing machine can save you time and money because it has a faster spinning drum
  • 24. Factors That Influence The Sales Process
  • 25. Trust-Based Selling Characteristics  Expertise  Ability, knowledge and recourses to meet customers expectations  Dependability  The predictability of your actions  Candor  Honesty of the spoken word  Customer orientation  Placing as much emphasis on the customer’s interest as your own  Compatibility  Developing and maintaining a relationship with the buyer Source: Professional Selling, A Trust-Based Approach
  • 26. Relationship Selling  Loyal customers- it is more costly to develop new customers than to retain and grow existing customers  Repeat sales  Brand loyalty  Trust  Communication that is pro-active rather than re-active  INCREASED REVENUES  Valued partnership
  • 27. Discussion Question  Do you think that the internet will replace the role of a sales person?  Sales people are born and not made…  How do you feel about this?  Selling is just a bag of tricks?  It’s all about price when it comes to selling?
  • 28. What is your Purpose and Your Vision  “Living a life of integrity starts with making and keeping promises, until the human personality, the senses, the thinking, the feeling, and the intuition, are ultimately integrated and harmonized”  Stephen R. Covey – Author, Philosopher and Motivational Speaker  “Living With Passion – This is the core of the human spirit…If we can find something to live for – if we can find some meaning to put at the center of our lives- even the worst kind of suffering becomes bearable.”  Victor Frankl- Neurologist, Psychiatrist, Holocaust Survivor
  • 29. Why – Be – Do Process  Why defines your vision and purpose  Be defines how will you be, what you stand for  Do defines what will you do Mark’s example: * I am committed to being healthy, fit and energ etic s o that I will enjoy life to the fulles t, focus ing my priorities on my family and friends . I will do this by reg ularly exercis ing and eating healthy, loving and caring about the world we live in and continuing to focus on my teaching and mentoring throug h extens ion cours es . I am g rateful for my s piritual teachers , family and friends and my bes t friend and s oulmate. S tudent Example: * I commit to being the mos t kind, warm-hearted pers on, becaus e in life, it’s all about relations hips that ultimately define our quality of life. I am in balance, living a life of emotional, phys ical, s piritual, mental and financial luxury. To do this , I will continue to challeng e mys elf to learn in my relations hips and g row in my career, s ucces s fully taking on life’s trials that pres ent thems elves in differing s hapes and forms .
  • 30. WHY – BE – DO Process  Why defines your vision and purpose  Be defines how will you be, what you stand for  Do defines what will you do Mark’s example: * I am committed to being healthy, fit and energetic so that I will enjoy life to the fullest, focusing my priorities on my family and friends. I will do this by regularly exercising and eating healthy, loving and caring about the world we live in and continuing to focus on my teaching and mentoring through extension courses. I am grateful for my spiritual teachers, family and friends ,and especially my soul mate and life partner, Kathy. Student Example: * I commit to being the most kind, warm-hearted person, because in life, it’s all about relationships that ultimately define our quality of life. I am in balance, living a life of emotional, physical, spiritual, mental and financial luxury. To do this, I will continue to challenge myself to learn in my relationships and grow in my career, successfully taking on life’s trials that present themselves in differing
  • 31. Homework #1  Pre-Assessment  Personal Mission / Purpose Statement