The Art and Science of Selling
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Questions and Answers

An excellent salesperson is driven by the desire to ______.

succeed

An excellent salesperson knows their ______ inside and out.

products

An excellent salesperson builds ______ relationships with their customers.

business

An excellent salesperson is a good ______ who listens attentively to their customers.

<p>listener</p> Signup and view all the answers

An excellent salesperson loves to be with ______.

<p>people</p> Signup and view all the answers

An excellent salesperson ______ their competitors.

<p>does not bad-mouth</p> Signup and view all the answers

An excellent salesperson is ______ and assertive in their approach.

<p>creative</p> Signup and view all the answers

An excellent salesperson ______ their customers to buy, not simply sell to them.

<p>leads</p> Signup and view all the answers

Fred Wiersema, the author of ______ Intimacy, has put it quite candidly that firms are in business because of their customers.

<p>Customer</p> Signup and view all the answers

Without satisfied and ______ customers, businesses will not grow and prosper.

<p>loyal</p> Signup and view all the answers

Not even the ______ of their finance people, neither the charisma of their CEO nor the products or services they churn out every day, can make the business survive without the customers.

<p>brilliance</p> Signup and view all the answers

But Fred Wiersema was only looking at one end of the ______.

<p>continuum</p> Signup and view all the answers

In selling you get to meet different kinds of people, with whom you could learn and share ______ and knowledge that could help you grow professionally.

<p>information</p> Signup and view all the answers

Likewise, in selling, you get to discover lots of ______, which could help satisfy your lower (basic needs, like safety) as well as your higher order needs (self-esteem food and station).

<p>opportunities</p> Signup and view all the answers

One could make a career in selling, and go up the ______ from the lowest rung to the topmost level in the hierarchy of the organization.

<p>ladder</p> Signup and view all the answers

An excellent salesperson is a ______ for sore eyes. He makes good first impression, always neat and well-groomed.

<p>sight</p> Signup and view all the answers

Salespeople are the ______ of the business.

<p>frontliners</p> Signup and view all the answers

A customer-focused sales management strategy prioritizes the ______ and ______ of the customer.

<p>interest</p> Signup and view all the answers

Salespeople are the ______ -earners of a company.

<p>revenue</p> Signup and view all the answers

The current shift in sales management strategies emphasizes having ______ about the products or services.

<p>knowledge</p> Signup and view all the answers

An excellent salesperson has a ______ mentality.

<p>service</p> Signup and view all the answers

Salespeople play a crucial role in contributing to the company's ______ efforts.

<p>marketing</p> Signup and view all the answers

A salesperson must be able to step outside of themselves and see things from the customer's ______ of view.

<p>point</p> Signup and view all the answers

The way salespeople ______ and handle a conversation embodies the company culture.

<p>dress</p> Signup and view all the answers

Salespeople must be sharp and ______ in determining the needs of the customers.

<p>analytical</p> Signup and view all the answers

Salespeople need to find the match or fit between customer needs and the company's ______.

<p>products/services</p> Signup and view all the answers

The individual salesperson's efforts and behavior must be aligned with the integrated marketing ______ of the firm.

<p>communications</p> Signup and view all the answers

Sales promotions include coupons, raffles, flyers, e-mails, and other forms of direct marketing, among ______.

<p>others</p> Signup and view all the answers

Finding the right sales ______ is crucial to meet both lower and higher order needs.

<p>promotions</p> Signup and view all the answers

Salespeople serve as the ambassador of goodwill for the ______.

<p>firm</p> Signup and view all the answers

Customers see the face of the firm through their ______.

<p>salespeople</p> Signup and view all the answers

The personal selling done by salespeople may be classified into two types: business to business (B2B) and business to ______.

<p>consumer</p> Signup and view all the answers

In the pharmaceutical industry, salespeople are mobilized to cover medical practitioners and ______ in a given geographic territory.

<p>drugstores</p> Signup and view all the answers

Sales support includes account executives, detailers, and medical ______.

<p>representatives</p> Signup and view all the answers

Salespeople can get immediate feedback from customers due to their face-to-face ______ with the buyer.

<p>interaction</p> Signup and view all the answers

One of the roles of salespeople is to develop new customers or new ______.

<p>accounts</p> Signup and view all the answers

Salespeople provide marketplace information about ______ feedback and competition.

<p>market</p> Signup and view all the answers

Partnership selling may undoubtedly be the ______ of salesmanship.

<p>acme</p> Signup and view all the answers

Salespeople must be competent, and ______ in order to succeed.

<p>likable</p> Signup and view all the answers

This view of selling focuses on identifying the ______ of the customers.

<p>needs</p> Signup and view all the answers

Adaptive selling is focused on adjusting to the environment and the ______ during the selling process.

<p>situation</p> Signup and view all the answers

Need-satisfaction selling attributes are essential for ______ relationships.

<p>developing</p> Signup and view all the answers

A canned sales presentation is often fed to salespeople for uniformity in the delivery of ______.

<p>marketing campaign message</p> Signup and view all the answers

Resourceful salespersons can easily merge the two selling strategies when they do their ______.

<p>prospecting</p> Signup and view all the answers

Veteran salespeople often frown upon the practice of ______ selling.

<p>canned</p> Signup and view all the answers

Flashcards

Customer Intimacy

A business strategy focused on creating close relationships with customers to enhance loyalty and satisfaction.

Role of Customers

Businesses exist primarily because of their customers; satisfaction and loyalty are crucial for growth.

Attributes of Excellent Salesperson

Specific traits that define what makes a salesperson effective, including good first impressions and grooming.

Career Path in Selling

A progression from entry-level sales positions to higher management roles like sales manager or CEO.

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Basic Needs in Selling

Fundamental requirements like safety that motivate people's selling behaviors.

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Higher Order Needs

Motivations related to self-esteem and personal fulfillment that can also arise in selling careers.

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Sales Techniques

Methods and strategies used for selling, applicable in various life areas including home and work.

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First Impressions

The initial judgments made about someone based on their appearance and demeanor, crucial in sales.

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Customer Relationships

Connections built through understanding and service with prospects and customers.

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Active Listening

The practice of fully concentrating, understanding, and responding when others speak.

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Professional Behavior

Conducting oneself in a respectful and positive manner without criticizing competitors.

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Product Knowledge

Deep understanding of one's own products or services to effectively answer inquiries.

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Continuous Learning

Commitment to ongoing education and self-improvement in sales skills and product knowledge.

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Drive to Succeed

The motivation and determination to achieve goals and outperform expectations in sales.

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Effective Communication

The ability to clearly convey information to connect with customers and promote sales.

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Competitive Salesperson

A salesperson focused on self-improvement and effort.

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Service Mentality

An approach where a salesperson prioritizes customer needs over personal gain.

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Frontliners of Business

Salespeople who directly interact with customers, representing the company.

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Customer-Focused Strategy

Sales management that prioritizes customer interests and welfare.

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Knowledge Emphasis in Sales

Sales strategy that values in-depth knowledge of products and services.

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Sales Contribution to Marketing

The role of salespeople in driving revenue and informing marketing strategies.

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Personal Selling Roles

Different types of jobs in sales that focus on direct customer interaction.

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Revenue-Earners

Salespeople who generate income for their company through sales.

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Need Analysis

A process where salespeople assess and determine customers' needs.

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Canned Selling Script

A structured sales message used to ensure consistent communication.

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Integrated Marketing Communications

A collaborative strategy that aligns all marketing efforts for consistency.

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Sales Promotion

Activities that encourage the purchase of products/services, like coupons or raffles.

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Match Finding

The skill of aligning customer needs with company offerings.

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Salespeople's Role

Salespeople establish relationships and act as the goodwill ambassadors for their company.

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Personal Selling Types

Personal selling is classified into Business to Business (B2B) and Business to Consumer (B2C).

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B2B Focus

In B2B sales, the focus is on promoting products or providing services to businesses.

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B2C Focus

B2C sales focus on selling products directly to individual consumers.

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Sales Support Roles

Sales support roles include account executives and medical representatives who aim to meet sales targets.

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Marketplace Information

Salespeople provide feedback and information about market conditions and competition through direct interactions.

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New Business Development

Salespeople focus on developing new customers, accounts, or territories for sales growth.

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Pharmaceutical Sales

Pharmaceutical sales involve salespeople making business calls to medical practitioners and drugstores.

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Partnership Selling

A sales approach where buyer and seller see each other as partners in business.

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Need-Satisfaction Selling

A selling method focused on identifying customer needs and matching them with products or services.

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Adaptive Selling

Adjusting the sales strategy based on the customer's environment and situation during the selling process.

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Customer Commitment

The stage in the sales process where a customer decides to buy and engage with the product.

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Selling Attributes

Key qualities that salespeople need, such as honesty, dependability, and likability.

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Canned Sales Presentation

A standardized sales pitch used for consistency in marketing delivery.

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Sales Process Stages

The steps in selling, including prospecting, preparation, approach, presentation, and relationship building.

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Training New Sales Recruits

Prepare beginners in selling with necessary skills and strategies.

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Study Notes

Selling is Pervasive

  • Selling is present in all human endeavors, occupations, and professions requiring contact and engagement with people.
  • It's an art requiring practiced skills for excellence.
  • It's a science drawing upon applied sciences like psychology and sociology.

The 21st Century: The Age of Selling

  • The 21st century is the age of selling, alongside marketing.
  • Selling skills are crucial in all aspects of life, from personal interactions to business dealings.
  • Selling abilities are applicable in all social strata, from low to high.
  • Selling provides opportunities to meet diverse people and learn valuable insights.

Salespeople Under the Lens

  • Salespeople are vital to a firm, providing information about products and services to customers and influencing purchases.
  • Salesperson roles vary based on the firm's objectives and distribution channel. They may interact with manufacturers, distributors, wholesalers, retailers, or individual consumers.
  • Effective salespeople aren't one-type. They are usually highly-motivated, dependable, ethical, knowledgeable, good communicators, flexible, and emotionally intelligent.
  • Customer satisfaction is crucial for business success; salespeople are vital for ensuring this.

Attributes of an Excellent Salesperson

  • Excellent salespeople are usually visually appealing, groomed, and create a good first impression.
  • They listen carefully to customers, seeking to understand their needs before approaching with sales pitches.
  • Excellent salespeople behave professionally, focusing positively on their product and avoiding negative remarks toward competing products.
  • They possess expert knowledge of their products to address any customer questions.
  • They possess a service mentality, putting customer needs first.

Sales Management Lessons from Tide and Nike

  • Successful brands, like Tide and Nike, intimately understand their customers.
  • They develop strong brand positions.
  • They consistently innovate and deliver on promises.
  • They effectively communicate their value proposition.
  • Their products are readily accessible.

Multiple Roles of Salespeople

  • Salespeople are the company's front-line representatives, representing the brand directly.
  • Customer interactions via phone or in person are significant, showcasing the company's image.
  • Salespeople are vital to brand perception and sales activities.

Contributions of Personal Selling to Marketing

  • Salespeople are revenue generators, influencing sales through customer interaction, and providing market insights.
  • They meet buyer expectations, matching the company's products/services to customers' needs.
  • They are the human element in integrated marketing communications, providing essential feedback and information.

Developing a Selling Strategy

  • Selling is similar to combat; a well-defined strategy is essential.
  • Sales strategies align with overall marketing plans, incorporating the 4Ps (product, price, place, and promotion).
  • Relationship-building and need-satisfaction approaches are crucial for successful selling; these merge effectively to achieve customer success.

The Sales Process: As a Relationship Approach

  • Relationship building with customers, leads to long-term customer loyalty and trust.
  • Establishing a level of partnership between buyer and seller.

The Sales Process: As a Need-Satisfaction Approach

  • Identifying and meeting customer needs through product/service alignment is crucial.
  • Adaptive selling adjusts to customer needs and the selling environment.
  • Excellent salespeople are analytical, focusing on customer needs and matching products/services.

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Description

Explore the pervasive nature of selling in our lives and its significance in the 21st century. This quiz delves into the skills and roles of salespeople, highlighting the intersection of selling with psychology and sociology. Test your understanding of the essentials of selling and its impact on personal and professional interactions.

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