Chapter 18 MKT120 Sales & Sales Mgmt

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marketingGREWAL / LEVYM 18

PERSONAL SELLING AND SALES MANAGEMENT

Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin

LEARNING OBJECTIVESLEARNING OBJECTIVES

Learning Objectives

How does personal selling add value? What is the personal selling process? How do technology and the Internet

affect personal selling? What are the key functions of a sales

manager?

18-2

Mary Kay Inc.

Beauty Consultants Retain gross profits

on each product Earn commissions

on their sales teams

18-3

The Scope and Nature of Personal Selling

18-4

Professional Selling as a Career

People love the lifestyle There is a lot of flexibility There is a lot of variety

in the job Can be very lucrative Very visible to

management and good for promotions

Sales Jobs Website

18-5

Personal Selling and Marketing Strategy

Can customize the message for a specific buyer

Assists in creating strong supply chain relationships

Increased customer loyalty through relationship selling

Gather research input from customers

Crucial to the success of CRM

18-6

The Personal Selling Process

18-7

Step One: Generate and Qualify Leads

18-8

Generate Leads

18-9

Step Two: Preapproach

18-10

Step Three: Sales Presentation and Overcoming Reservations

18-11

Aligning the Personal Selling Process with the B2B Buying

Process

18-12

Step Four: Closing the Sale

Getting the order Often most

stressful part of sales process

A “no” one day may be the foundation for a “yes” another

18-13

Step Five: Follow-Up

18-14

The Impact of Technology and the Internet on Personal Selling

Salesforce.com Website

18-15

Ethical and Legal Issues in Personal Selling

18-16

Issues for the Sales Force and Corporate Policy

The firm may have a policy to sell goods or services to people who

cannot afford them or to people who should not have them.

The firm may have a policy to sell goods or services to people who

cannot afford them or to people who should not have them.

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Issues for the Sales Person and the Customer

Have you ever felt that you were

treated unethically by a salesperson? What happened?

18-18

Managing the Sales Force

18-19

Sales Force Structure

Company sales force Employees Established product lines

Manufacturers representatives (independent agents) Not employees Smaller firms New markets

18-20

Salesperson Duties

18-21

Recruiting and Selecting Salespeople

18-22

Recruiting for Success

18-23

Sales Training

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Motivating and Compensating Salespeople

Financial rewardsFinancial rewards Nonfinancial rewards

Nonfinancial rewards

18-25

Evaluating Salespeople

Tied to the reward structure

Evaluation measures can be either objective or subjective

18-26

Personal selling can take place in which of the following situations?

A. Face-to-face

B. Over the internet

C. Video teleconferencing

D. Over the telephone

E. All of the above

18-27

The basic consideration that determines whether a company will hire a sales force is:

A. can the sales manager find good salespeople?

B. does the company have a “hot” product?

C. is a sales force worth more than it costs?

D. will the manager be able to find an effective supply chain manager?

E. will online advertising work?

18-28

The preapproach stage occurs prior to meeting the customer for the first time and:

A. includes initiating new qualify leads.

B. extends the qualification of leads procedure.

C. focuses on closing the sale.

D. ensures effective follow-up.

E. follows the sales presentation.

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1. What are the steps in the personal selling process?

2. How does the selling process impact the business to business buying process?

Check Yourself

18-30

In B2B market situations, it is particularly important to:

A. buy customers lunch.

B. continually find new and potentially profitable customers.

C. closing the sale early in the day.

D. have order takers act as order getters.

E. all of the above.

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1. What do sales managers need to do to successfully manage their sales force?

2. What is the difference between monetary and nonmonetary incentives?

Check Yourself

18-32