Understanding Selling Basics
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Questions and Answers

What is the primary definition of selling?

  • Convincing others to agree with a personal opinion.
  • Providing a service or product for an amount of money. (correct)
  • Exchanging information with potential customers.
  • Negotiating terms without considering the product/service.
  • Which factor is NOT one of the essential sales skills?

  • Knowledge
  • Skills
  • Attitude
  • Appearance (correct)
  • Why is it important to listen to every prospect during the sales process?

  • Every prospect is the same.
  • It avoids further communication.
  • It allows for personalized solutions. (correct)
  • It helps to rush the sale.
  • What impact does a positive attitude have on sales performance?

    <p>It boosts individual performance and team morale.</p> Signup and view all the answers

    Which of the following best describes the concept of 'selling a need not a want'?

    <p>Addressing basic requirements rather than superficial desires.</p> Signup and view all the answers

    What is a key aspect of effective sales strategy for potential customers?

    <p>Research your competitors.</p> Signup and view all the answers

    What is meant by the statement 'failure is not an option' in sales?

    <p>Persistence and resilience are essential in sales efforts.</p> Signup and view all the answers

    How can salespeople effectively influence others?

    <p>By creating a favorable environment.</p> Signup and view all the answers

    What is the primary focus of relationship selling?

    <p>Building interactions and trust</p> Signup and view all the answers

    Why is relationship selling particularly important for companies with longer sales cycles?

    <p>It helps maintain customer loyalty</p> Signup and view all the answers

    What can happen if a salesperson fails to build a working relationship with a customer?

    <p>Customers may feel like just a number</p> Signup and view all the answers

    Which technique is mentioned as an effective approach in relationship selling?

    <p>Practicing active listening</p> Signup and view all the answers

    Salespeople are described as being what type of role in the relationship between customers and the brand?

    <p>A link or boundary role</p> Signup and view all the answers

    What is one consequence of not delivering on promises made to customers?

    <p>Greater chance of customer churn</p> Signup and view all the answers

    What does effective relationship selling require from a salesperson?

    <p>Honesty and keeping one's word</p> Signup and view all the answers

    What is typically the result of a successful relationship selling approach?

    <p>Long-term customer relationships</p> Signup and view all the answers

    Study Notes

    What is Selling?

    • Offering a service or good for an amount of money
    • Influencing individuals to make decisions that support a brand, project, or idea
    • Can be negotiated

    Key Concepts Before Selling

    • It is essential to create a favorable environment
    • We influence others by creating a positive environment to accept our proposal or advice to achieve goals

    Positive Influence

    • It has transformative power
    • It can help change a person's mind and close a deal
    • Boosts individual performance and spreads amongst team members

    Who Can be a Sales Person?

    • Essential Sales skills include knowledge, skills, attitude, and process
    • Each aspect is 25% of the overall skill set

    Every Prospect is Different

    • Listen to your prospect
    • Know your product
    • Be honest
    • Sales tips include:
      • Sell a need not a want
      • Failure is an option
      • Prioritize
      • We are all human

    Potential Customers

    • Segment your target
    • Identify your potential
    • Research your competitors
    • Shape a branding marketing strategy
    • Sell your product

    Why Will a Customer Choose You?

    • Provide a high level of service
    • Make them feel unique
    • Offer lots of information
    • Involve them in the decision-making process
    • Tell a story
    • Make realistic promises
    • Salespeople are the link between customers and the brand
    • Salespeople are the "owners" of the customers within a company.

    What is Relationship Selling?

    • The priority is on the interactions and trust built between sales and the customer/buyer.
    • It is all about the connection and relationship a salesperson builds with their customers and potential buyers.
    • It's typically used for companies who have long sales cycles or items that require commitment to purchase.
    • Without building a working relationship, it can cost you a long-term sale.

    Relationship Selling Techniques

    • Become an active listener
    • Relate on a personal level
    • Keep your word and be honest
    • Practice social selling to add value

    Segmentation of Sales Activity

    • Business to Business (B2B)
    • Business to Consumers (B2C)

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    Description

    Explore the fundamental concepts of selling, including what makes a good salesperson and the importance of a positive environment. Understand how to influence potential customers and tailor your approach to meet their needs. This quiz covers essential sales skills and tips for success.

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