Sales Knowledge: Customers,
Products, Technologies
McGraw-Hill/Irwin
Copyright © 2007 by The McGraw-Hill Companies, Inc. All
Chapter
5
5-3
Chapter
5
Main Topics
5-4
The Tree of Business Life: Knowledge
Sources of Sales Knowledge
Knowledge Builds Relationships
Know Your Customers
Know Your Company
Know Your Product
Chapter
5
Main Topics
5-5
Know Your Resellers
Advertising Aids Salespeople
Sales Promotion Generates Sales
What’s It Worth? Pricing Your Product
Know Your Competition, Industry, and Economy
Personal Computers and Selling
Chapter
5
Main Topics
Knowledge of Technology Enhances Sales and
Customer Service
Sales: Internet and the World Wide Web
Global Technology Provides Service
Technology Etiquette
5-6
Chapter
5
The Tree of Business Life: Knowledge
vic
Et
h ic
al
r
Se
T
T T
T T TT
T T T T
Builds
True
e
Relationships
T
I
C
Guided by The Golden
Rule:
Rule
Be an expert on everything
associated with your product(s).
Use wisdom when applying
knowledge.
Remember, customers rely on you
to truthfully provide knowledge and
wisdom.
Realize that people do not care
how much you know until they
know how much you care.
Sources of Sales Knowledge
Sales Training – effort put forth by employer to
provide the opportunity for the salesperson to receive
job-related attitudes, concepts, rules, and skills that
result in improved performance
Education, Reading, and Word-of-mouth
Sources of Sales Knowledge
Experience – the critical source
Selling is a skill developed through experience
Knowledge Builds Relationships
Knowledge increases a salesperson’s confidence,
and,
Knowledge increases a buyer’s confidence in the
salesperson.
Thorough knowledge about your product is needed to
gain the buyer’s confidence.
More knowledge, more confidence mean more
relationships,
and…
More relationships mean more sales
Know Your Customers
Find out all you can.
Know Your Company
General company information:
Company growth and accomplishment
Policies and procedures
Production facilities
Service facilities – promise of prompt repair
services can help make a sale
Know Your Company’s
Policies & Procedures
The salesperson should let the buyer know:
How his order will be processed
How long it will take for her to receive her order
The policy on returned goods
How to open a new account
What to do if he receives the wrong shipment
Know Your Product
Product knowledge may include:
Performance data
Physical size and characteristics
How the product operates
Specific Features, Advantages, and Benefits of the
product
How well the product is selling in the marketplace
Know Your Resellers
Understand the channel of distribution
The Channel of Distribution
Know Your Resellers
Know as much about each channel
member as possible
Likes & dislikes of each channel member’s
customers
Product lines assortment each one carries
When each member sees salespeople
Their distribution, promotion, and pricing policies
What and how much of a product each has
purchased in the past
Advertising Aids Salespeople
Advertising Aids Salespeople
Why Spend Money on Advertising?
Main ingredient of a firm’s promotional effort
Companies advertise because they hope to:
Increase overall sales and sales of a specific product
Give salespeople additional selling information for sales
presentations
Develop leads for salespeople through mail-ins and ad
response
Increase cooperation from channel members through co-op
advertising and promotional campaigns
Educate the customer about the company’s product
Why Spend Money on Advertising?, cont…
Inform prospects that a product is on the market and
where to buy it.
Reduce cognitive dissonance over the purchase.
Create sales or pre-sell customers between sales
calls.
Types of Advertising
Types of Advertising :
National advertising
Retail advertising
Cooperative, or co-op, advertising
Trade advertising
Industrial advertising
Direct-mail advertising
Internet advertising
Types of Advertising
National Advertising
Reaches all users of the product across the
country
Ford, GM, GE, IBM, Coca-Cola
Retail Advertising
Used by retailers to reach customers within a
geographic area
Cost for national-brand advertising paid by retailer or
shared
Types of Advertising, cont.
Cooperative Advertising
Conducted by retailer, paid by manufacturer
or shared
Trade Advertising
Undertaken by manufacturer directed toward
the wholesaler or retailer
Trade publications
Types of Advertising, cont.
Industrial Advertising
Aimed at individuals and organizations who
purchase products for use in manufacturing
other products
Direct-mail Advertising
Ads, samples, and coupons mailed directly to
the consumer or industrial user to expose
him to or remind him of the product
May solicit response
Types of Advertising, cont.
Internet (Web) Advertising