Title: Creating the Consultative Sales Presentation
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Creating the Consultative Sales Presentation
2Learning Objectives
- Describe the characteristics of the consultative
sales presentation - Explain how to determine the prospects needs
- Discuss the use of questions to determine needs
- Select products that match customer needs
- List and describe three types of
need-satisfaction presentation strategies - Present general guidelines for creating
value-added presentations
3Six-Step Presentation Plan
- Approach (Chapter 10)
- Presentation
- Demonstration
- Negotiation
- Close
- Servicing the Sale
?
4Strategic PlanningLeads to Actions
5Strategic Planning
FIGURE
11.2
6Four-Part Consultative Sales Presentation Guide
11.3
FIGURE
7Need Discovery
FIGURE
11.4
8Value of Questioning
- The effective use of questions to achieve need
identification and need satisfaction is the
single greatest challenge facing most
professional salespeople. The types of questions
you ask, the timing of those questions, and how
you pose them greatly impacts your ability to
create customer value.
9Types of Questions
- Survey
- Probing
- Confirmation
- Need-satisfaction
10Survey Questions
- Information gathering questions designed to
obtain this knowledge - General survey questions
- Specific survey questions
- Not to be used for factual information one could
acquire from other sources prior to the sales call
11Discussion Questions
- What sort of factual information should you
research and understand about the customers
company before meeting with him/her? - From what sources could you derive this
information? - For suggestions, see Monster.com.
12Need Discovery Worksheet
- Strategically prepare tentative questions before
making the sales call - Prepare open and closed questions
- Tell me a little bit about your investment
portfolio? (open/general survey) - What are your major concerns when managing your
financial affairs? (open/specific survey) - See Table 11.2 in the text
13Probing Questions
- Help to uncover and clarify the prospects buying
problem and circumstances - Are referred to as implication or pain questions
and used more frequently in large, complex sales - Help the salesperson and customer gain a mutual
understanding of why a problem is important
14Using Probing Questions
- Probing questions can help a customer realize
how a problem (high employee turnover) can have
other consequences (undertrained staff, lower
customer satisfaction, and less revenue),
building more value for the salespersons
offering (on-site training). What are some
questions you could ask to discover the full
extent of the following problems? - High employee turnover Slow turnaround
- Outdated technology High costs
15Confirmation Questions
- Verify accuracy and assure a mutual understanding
of information exchanged - Summary-confirmation questions
- Buying conditions are those qualifications that
must be available or fulfilled before the sale
can be closed
16Need-Satisfaction Questions
- Designed to move the sales process toward
commitment and action - Focus on specific benefits
- Are powerful because they build desire for the
solution and give ownership of the solution to
the prospect
17Listening and Acknowledging
- Develop active listening skills
- Focus your full attention
- Paraphrase the customers meaning
- Take notes
18Develop Your Active Listening
- You can develop your active listening skills
- Try the suggestions on the following Websites
iamnext.com
studygs.net
mindtools.com
19Selecting Solutionsthat Add Value
FIGURE
11.5
20Match Specific Benefitswith Buying Motives
- Buying based on need-fulfillment
- Buyers seek cluster of satisfactions
- Focus on benefits related to each dimension of
value
21Configure a Solution
- Most salespeople have variety of products
- Package solution from your array of products
22Appropriate Recommendations Three Alternatives
- Recommend solution customer buys immediately
- Recommend solution salesperson makes
need-satisfaction presentation - Recommend another source
23Need SatisfactionSelecting Presentation Strategy
FIGURE
11.6
24Informative Presentation Strategy
- Emphasizes facts
- Commonly used to introduce new products and
services - Stress clarity, simplicity, and directness
- Less is morebeware ofinformation overload
25Persuasive Presentation Strategy
- To influence the prospects beliefs, attitudes,
or behavior and to encourage buyer action - Used when a need is identified
- Subtle seller transition from rational to
emotional appeals - Requires training and experience to be effective
26Reminder Presentation Strategy
- Also known as reinforcement presentations
- Maintains product awareness
- Good when working with repeat customers
- Sometimes a dimension of service after the sale
27Developing Persuasive Presentations that Create
Value
- Emphasize relationship
- Sell benefits, obtain customer reactions
- Minimize negative impact of change
- Strongest appeal at start or end
- Target emotional links
- Use metaphors, stories, testimonials
28General Guidelines forValue-Added Presentations
- Demonstration adds strength
- Plan negotiating and closing methods
- Plan customer service to add value
- Keep presentation simple, concise
29Time Used by Salesperson
11.7
FIGURE
30Review of Strategies
31Transactional Buyers
- Primarily interested in price and convenience
- May have already done research, used Internet to
gather product information - Most understand what they need and when they need
it - Focus on price and delivery