selling for the long run

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SELLING FOR SELLING FOR THE LONG RUN THE LONG RUN

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Page 1: Selling for the long run

SELLING FOR THE SELLING FOR THE LONG RUNLONG RUN

Page 2: Selling for the long run

WHAT DO YOU THINK ABOUT THIS ?

Page 3: Selling for the long run

WHY IS SELLING SO HARD?

People buy from People they likePeople they like and trustPeople who have the best solution even if they

don’t like them

SELLING FOR THE LONG RUN by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 2011

Page 4: Selling for the long run

NEW WORLD OF SELLING

buyers buy from salespeople who are likeable, trustworthy, and willing to take care of the buyer’s needs, with the latter trumping all

SELLING FOR THE LONG RUN by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 2011

Page 5: Selling for the long run

THE PROBLEM OF SILVERBULLET SYNDROME

SELLING FOR THE LONG RUN by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 2011

Page 6: Selling for the long run

SYMPTOMS OF SILVER BULLET SYNDROME

Start each sales encounter with your standard solution pitch

Start each sales encounter with your company’s storyUse lots of sales support resources, have little sales

resultsUrgent mode, especially at month’s or quarter’s endMeet every buyer request with no trade in exchange for

your servicesEncounter surprises in the sales process

SELLING FOR THE LONG RUN by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 2011

Page 7: Selling for the long run

TRICKLE-DOWN EFFECT

Buyers’ Market

Highly Competitive Situation

Desperate Actions

White Papers

Uncertainty & Doubt

Lengthened Sales Cycle

Questions of Your Character

Questions of Your CharacterSELLING FOR THE LONG RUN by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 2011

Page 8: Selling for the long run

TransactionsTransactions RelationshipsRelationships

LocalLocal GlobalGlobal

ManagementManagement LeadershipLeadership

IndividualsIndividuals TeamsTeams

Sales VolumeSales Volume Sales ProductivitySales Productivity

SALES MANAGEMENT TRENDS

Page 9: Selling for the long run

THE TWO CRITICAL QUESTIONS

““What Happened in Your Business That What Happened in Your Business That Triggered Your Need for a Solution?”Triggered Your Need for a Solution?”

““What Do My Prospects, Buyers, and What Do My Prospects, Buyers, and Customers Think About My Solution, My Customers Think About My Solution, My

Company, and Me?”Company, and Me?”

SELLING FOR THE LONG RUN by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 2011

Page 10: Selling for the long run

CATEGORIZING SALES PROFESSIONALSTHE BUYER’S VIEW

SELLING FOR THE LONG RUN by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 2011

Page 11: Selling for the long run

DO SUCCESS CHARACTERISTICS DESCRIBE YOU?

FUNDAMENTALS OF SELLING: CUSTOMERS FOR LIFE THROUGH SERVICE Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221

Page 12: Selling for the long run

SPELL SUCCESS WITH 4 S’S—SSUCCESS

Love of Love of SellingSelling

Service toOthers

Stamina forthe Job

SalesKnowledge

Excels at StrategicThinking

PersonalCharacteristics

CommunicationAbility

Use of GoldenRule

FUNDAMENTALS OF SELLING: CUSTOMERS FOR LIFE THROUGH SERVICE Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221

Page 13: Selling for the long run

INTEREST IN SERVING THE CUSTOMER IMPROVES AS OUR SELF-INTEREST DECREASES

FUNDAMENTALS OF SELLING: CUSTOMERS FOR LIFE THROUGH SERVICE Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221

Page 14: Selling for the long run

WORLD CLASS SALES FORCE

Page 15: Selling for the long run
Page 16: Selling for the long run

EVALUATING SALES PEOPLE

Page 17: Selling for the long run

Prospecting &

qualifying

Pre-approac

h Approac

h

Presentation &

demonstration

Handling objectio

nsClosing Follow-

up

Identify qualified potential

customers

Learn as much as possible about

customer

Make a relationship

Tell the product “story” & focus on customer

benefits

Overcome customer objections

Ask for an

order

To insure customer

satisfaction & repeat business

Page 18: Selling for the long run

ADOPTION PROCESS

Awareness

Interest

Evaluation

Trial

Repeat Usage

Advocacy

“AIETURA”

Usage

Unawareness

Page 19: Selling for the long run

Low High

Low

H

igh

Pote

ntia

l

AdoptionAdoption

A

B

C

WP BP3 BP2 BP1

Brickwall

NT

TARGETING

Page 20: Selling for the long run

PROCESS ALLOCATION RESOURCES

Low High

Low

H

igh

Pote

ntia

l

Adoption

Conquer•XX Details•XX Samples/Detail•$XXXX for PR Event•Message…

Defend•XX Details•XX Samples/Detail•$XXXX for PR Event•Message…

Maintain•XX Details•XX Samples/Detail•$XXXX for Mailings•Message…

Watch•XX Details•No Samples•Message…

A

B

C

NT

Page 21: Selling for the long run

S.M.A.R.T. SALES OBJECTIVES

SMART

Page 22: Selling for the long run

ALWAYS BE PREPARED BEFORE THE CALL

Know your product inside out.Be knowledgeable about this industry.Know your competitionKnow the basics of the customers needs.People in common.Believe in yourself, your company, and product

or DON’T be there.

Page 23: Selling for the long run

POST SALE

Service, service, service.Know your company’s abilityDon’t ever oversellCall and write.Creative thanks.Visit again soon after product delivery.

Page 24: Selling for the long run

TOP TEN TASKS IN A PHARMACY CALL

Establish and maintain good relations with pharmacy personnel

Promote your products to all pharmacy personnel Obtain information on Customer who use a lot of

CompetitionMerchandising, clean merchandiseStock inventory

Page 25: Selling for the long run

TOP TEN TASKS IN A PHARMACY CALL

Verify best selling products of the competition and identify Customer who prescribe them

Organize Contests and Activities to motivate clerks to recommend your products

Teach Pharmacy Clerks on How to Dispense your ProductsAdequate DosageIndications and PrecautionsLevel of ExpectationsSide effects and how to manage them

Page 26: Selling for the long run

TOP TEN TASKS IN A PHARMACY CALL

Obtain information on the prescribing habits of customers in the area and seek out new customers with highest prescribing potential.

Find out activities of competition, special offers in the pharmacy, special promotions in the territory, new product launches and impact of new launches

Page 27: Selling for the long run

30

BUSINESS & RELATIONSHIPS

Depth of Personal Relationship

Bre

adth

of B

usin

ess

Issu

es

Knows your service offerings

Knows the right resources to bring to the table

Knows the client’s business and subtleties

Is seen as a Trusted Advisor

Adapted from: The Trusted Advisor

The more you understand the client’s business and sell them products and services, the closer you get to being a trusted advisor

Page 28: Selling for the long run