Professional Documents
Culture Documents
Stimulus
Buyer response unpredictable because the decision gets influenced by psychological factors such as :
Buyer beliefs Attitudes Values Perceptions
Beliefs
God exists or Life after death Home cooked / Home made equals better care of family.
Attitude
Attitude is the way a person expresses or applies that belief. Thus attitude is the sum of beliefs that has been shaped by social & cultural environment , demographic and geographic conditions.
Tum kaal ke bacchhe mujhe kya seekhaoge I know best.
Values are the abstract principles that serve as compass in peoples life .
Values
Stereotypes
Perceptions
Long haired men cannot be trusted. Smoker hence casual on commitments. Jaat buddhi / Bhadra lok ..
Creating a Win
Effective selling involves being alert to the verbal & non-verbal signals & varying the stimuli as per need-of-the-moment. This can trigger responses varying from Acceptance to Caution to Disagreement.
What is said ? How it is said ? When it is said ?
1. 2. 3.
What ?
Preparation is the key be the SME ( subject matter expert). Have response ready for Whats in it for me ? KYC
Company / Product / competition. Customer ( Distributor / Retailer / Institution / Modern trade) Consumer Competition.
Creating a Win
4. What motivates my customer ?
Dependable & reliable service ( surprisingly are valued differentiators). Fill rates / Availability / Stocks freshness. High consumer pull leading to faster rotation of stocks. High dealer margins. Returns policy. Cash discount / Credit period. Time at premium packaged convenience. Conspicuous consumption Indulgence. DINKs / DISKs High levels of awareness Work hard / Play hard / Eat healthy. Chilled availability / High visibility triggers for Impulse buys.
What ?
5.
Creating a Win
1. Effective salespersons show common characteristics :
Listen carefully to buyers words , feelings & thoughts and talk less. Show enthusiasm towards the sales job & customers business. Use proof statements / testimonials from objective sources to add credibility to sales message. KISS Empathise with the buyers feelings , ideas and situation. Never talk down to potential partners. Nodding occasionally to acknowledge inputs. Leaning forward to evince interest. Maintaining eye contact. Firm handshake. Non-fidgeting posture. Appropriate dress & hair style. Standing posture Hands clasped in front (Never cross your arms)
How ?
3. 4.
Someone like you is more likely to create empathy & end with a positive outcome . Ice breakers / conversation looseners like sports / politics / cinema . are important.
Creating a Win
Get the buyer in a receptive mode.
When? Avoid high pressure time when conflicting priorities are there. Outside interruptions should be removed / minimized.
Win - Win