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Creating the Consultative Sales Presentation

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... Part Consultative Sales Presentation Guide. FIGURE. 11.3. 11-7 ... Buyers seek cluster of satisfactions. Focus on benefits related to each dimension of value ... – PowerPoint PPT presentation

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Title: Creating the Consultative Sales Presentation


1
11
Creating the Consultative Sales Presentation
2
Learning 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

3
Six-Step Presentation Plan
  • Approach (Chapter 10)
  • Presentation
  • Demonstration
  • Negotiation
  • Close
  • Servicing the Sale

?
4
Strategic PlanningLeads to Actions
5
Strategic Planning
FIGURE
11.2
6
Four-Part Consultative Sales Presentation Guide
11.3
FIGURE
7
Need Discovery
FIGURE
11.4
8
Value 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.

9
Types of Questions
  • Survey
  • Probing
  • Confirmation
  • Need-satisfaction

10
Survey 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

11
Discussion 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.

12
Need 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

13
Probing 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

14
Using 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

15
Confirmation 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

16
Need-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

17
Listening and Acknowledging
  • Develop active listening skills
  • Focus your full attention
  • Paraphrase the customers meaning
  • Take notes

18
Develop Your Active Listening
  • You can develop your active listening skills
  • Try the suggestions on the following Websites

iamnext.com
studygs.net
mindtools.com
19
Selecting Solutionsthat Add Value
FIGURE
11.5
20
Match Specific Benefitswith Buying Motives
  • Buying based on need-fulfillment
  • Buyers seek cluster of satisfactions
  • Focus on benefits related to each dimension of
    value

21
Configure a Solution
  • Most salespeople have variety of products
  • Package solution from your array of products

22
Appropriate Recommendations Three Alternatives
  • Recommend solution customer buys immediately
  • Recommend solution salesperson makes
    need-satisfaction presentation
  • Recommend another source

23
Need SatisfactionSelecting Presentation Strategy
FIGURE
11.6
24
Informative Presentation Strategy
  • Emphasizes facts
  • Commonly used to introduce new products and
    services
  • Stress clarity, simplicity, and directness
  • Less is morebeware ofinformation overload

25
Persuasive 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

26
Reminder Presentation Strategy
  • Also known as reinforcement presentations
  • Maintains product awareness
  • Good when working with repeat customers
  • Sometimes a dimension of service after the sale

27
Developing 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

28
General Guidelines forValue-Added Presentations
  • Demonstration adds strength
  • Plan negotiating and closing methods
  • Plan customer service to add value
  • Keep presentation simple, concise

29
Time Used by Salesperson
11.7
FIGURE
30
Review of Strategies
31
Transactional 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
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