The chapter discusses effective sales dialogue and how salespeople can create and communicate value to buyers. It covers encouraging buyer feedback, identifying confirmed benefits, and presenting information in an interesting and understandable way. The chapter also examines how salespeople can engage buyers using various sales aids like visual materials and product demonstrations. It emphasizes supporting product claims with evidence like statistics and testimonials. Finally, the chapter discusses special considerations for group sales dialogue, including arrival tactics, eye contact, and communication tips.
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PM 211 Chapter 5
The chapter discusses effective sales dialogue and how salespeople can create and communicate value to buyers. It covers encouraging buyer feedback, identifying confirmed benefits, and presenting information in an interesting and understandable way. The chapter also examines how salespeople can engage buyers using various sales aids like visual materials and product demonstrations. It emphasizes supporting product claims with evidence like statistics and testimonials. Finally, the chapter discusses special considerations for group sales dialogue, including arrival tactics, eye contact, and communication tips.
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Chapter 5
SALES DIALOGUE: CREATING AND COMMUNICATING VALUE
INSTRUCTOR: RUFFA ANDREA PEARL L. TOBIAS
Learning Objectives Describe the key characteristics of effective sales dialogue Explain how salespeople can generate feedback from buyers Discuss how salespeople use confirmed benefits to create customer value Describe how verbal support can be used communicate value in an interesting and understandable manner Discuss how sales can engage and involved buyers Explain how salespeople can support product claims Discuss the special considerations involved in sales dialogue with groups. Successful salespeople focus on creating and communicating value during sales dialogue by addressing the key issues of each buyer. This is a difficult task. because buyers are more informed than in the past and more reluctant to meet with salespeople , especially in the early stages of their buying process. However, technology is having an important impact on improving sales dialogue between sellers and buyers. 5-1 EFFECTIVE SALES DIALOGUE Preparing and completing this phase of the sales process successfully has been compared to doing surgery in that it is complex and requires preparation, knowledge, and skill prior to conducting surgery, the doctor has acquired a great deal of relevant information from a variety of sources and developed a comprehensive understanding of the patient's problems and needs. Continuing the analogy, up to the point of presentation in the selling process, the salesperson has ben developing his or her knowledge and understanding of the buyer's situation and needs. Now, in the form of an effective presentation, the salesperson presents a solution that is specific and customized to the needs of the buyer, illustrates and demonstrates the benefits of the solution, and confirms the buyer's belief in and desire tp obtain the benefits. Exhibit 5.1 Keys to Effective Sales Dialogue
The most Effective Sales Dialogues:
1. Are planned and practiced by salespeople 2. Encourage buyer feedback 3. Focus on creating value for the buyer 4. Present value in an interesting and understandable way 5. Engage and involve the buyer 6. Support customer value through objective claims. 5-2 ENCOURAGING BUYER FEEDBACK In a productive sales dialogue, the salesperson continually assesses and evaluate the reactions and responses of prospective buyers. The SPIN and ADAPT questioning processes are designed to get the buyer to provide feedback to specific questions the salesperson ask.
The phrases check-backs or response checks have become common
names for this form of questioning-seeking feedback from the buyer. The effective use of response checks helps the salesperson evaluate the level of the buyer's understanding and keeps the salesperson on the right track. Exhibit 5.2 Illustrative Examples of Check-Backs "How does this sound to you?" "Does this make sense to you so far?" "Would this feature be useful to you in your current operations?" "What do you think?" "So is this something that would be valuable to you?" "Isn't that great?" "Do you like this color?" "From your comment, it sounds like you would want the upgraded memory. Is that correct? "Does that answer your concern?" "Would this be an improvement over what you are doing right now?" "Is this what you had in mind?" 5-3 CREATING CUSTOMER VALUE
Confirmed Benefits are those benefits the buyer has indicated are of interest.
A major purpose of the use of the
SPIN or ADAPAT questioning process is to help the salesperson There are several factors identify the confirmed benefits for that go into creating value the buyers. for the customer, included in that is price. 5-4 INTERESTING AND UNDERSTANDABLE SALES DIALOGUE Once confirmed benefits have been identified, the salesperson need to present key selling points in a manner that is interesting and understandable to the buyer. Verbal support elements include voice characteristics, examples and anecdotes, and comparisons and analogies. Using these elements appropriately can produce interesting and understandable sales dialogue.
5-4a Voice Characteristics
the pitch and speed of speech, which salespeople should vary to emphasize key points. 5-4b Examples and Anecdotes An example is a brief description of a specific instance used to illustrate features and benefits.
An anecdote is a type of example presented in the form of a story describing a
specific incident or occurrence.
5-4c Comparisons and Analogies
A comparison is a statement that points out and illustrates the similarities between two points.
An analogy is a special and useful form of comparison that explains one
thing in terms of another. 5-5 ENGAGING AND INVOLVING THE BUYER To maximize the effectiveness of the sales dialogue, salespeople utilize various sales aids to engage and involve the buyer throughout the sales interaction. Exhibit 5.3 Reasons for Using Sales Aids Capture prospective buyer's attention Generate interest in the recommended solution Make presentations more persuasive Increase the buyer's participation and involvement Provide the opportunity for collaboration and 2 way comm. Add clarity and enhance the prospect's understanding Provide supportive evidence and proof to enhance believability. Augment the prospect's retention of information Enhance the proffesional image of the salesperson and selling organization. 5-5a Types of Sales Aids Sales aids refers to the use of printed materials, electronic materials, and product demonstrations to engage and involve buyers. The types of sales aids available to a salesperson include visual materials, electronic materials and product demonstrations.
5-5b Visual Materials
Visual materials are printed materials, photographs and illustrations, and
charts and graphs used as sales aids.
5-5c Electronic Materials
Electronic materials includes all sales aids in electronic format such as slides, videos or multimedia presentations. 5-5d Product Demonstrations Guidelines for Product Demonstrations Ensure that the appearance pf the product is neat and clean Check for problem-free operation Be confident and able to demonstrate the product skillfully Practice using the product prior to the demonstration Anticipate problems and have back-up or replacement parts on hand Make sure that setup and knockdown are easy and quick. 5-5e Using Sales Aids in Presentation Understand what features are relevant and what benefits are meaningful to the prospective buyer in terms of value to be realized. Be confident in developing and using multiple sales aids to add impact to the presentation itself. 5-5f State the Selling Point and Introduce Sales Aid This means stating the full selling point including the feature and potential benefit and then introducing the sales aid. 5-5g Present the Sales Aid Involves presenting the sales aid to the customer and allowing a few moments for examination and familiarization before saying anything.
5-5h Explains the Sales Aid
5-5i Summarize 5-6 SUPPORTING PRODUCT CLAIMS Claims of benefits and value produced and provided to the buyer need to be backed up with evidence to highlight their believability. 5-6a Statictics Statistics facts that lend believability to product claims and are used as proof providers. 5-6b Testimonials Testimonials proof providers that are in the form of statements from satisfied users of the selling organization's product and services. 5-6c Case Histories Case Histories a testimonial history or anecdotal form used as a proof provider. 5-7 GROUP SALES DIALOGUE When selling to groups, salespeople can expect tough questions and should prepare accordingly. When selling to a group, salespeople should take every opportunity of preselling to individual group members prior to the group presentation.
5-7a Sales Tactics for Selling to Groups
There are some specific sales tactics that can enhance presentations to group; arrival tactics. eye contact, and communication tips during presentation delivery. 5-7b Arrival Tactics Try to arrive at the location for the meeting before the buying groups arrives. This provides opportunity to set up and check audio-visual equipment, prepare collateral material for distribution to the group, and become familiar to the sorroundings.
5-7c Eye Contact
5-7d Communication Tips When selling to groups, it is essential to make all members of the group fell that their opinions are valuable. 5-7e Handling Questions in Group Dialogue Salespeople should recognize that questions fill information gaps, thus allowing buyers to make better decisions. Thank you FOR LISTENING! Don't hesitate to ask any questions!