From your understanding of selling process, briefly identify the staged involved in the selling process.
Question
From your understanding of selling process, briefly identify the staged involved in the selling process.
Solution
The selling process typically involves the following stages:
-
Prospecting: This is the first stage where the seller identifies potential customers who may be interested in the product or service. This can be done through market research, referrals, networking, or cold calling.
-
Pre-approach: In this stage, the seller gathers as much information as possible about the prospective customer. This helps in understanding the customer's needs and how the product or service can meet those needs.
-
Approach: This is where the seller makes the first contact with the prospective customer. The approach could be a face-to-face meeting, a phone call, or an email. The goal is to establish a relationship with the customer.
-
Presentation: In this stage, the seller presents the product or service to the customer. The presentation should be tailored to the customer's needs and should highlight the benefits of the product or service.
-
Handling objections: It's common for customers to have objections or concerns. The seller should be prepared to address these objections and provide satisfactory answers.
-
Closing: If the customer is convinced about the product or service, the seller moves to close the sale. This involves negotiating the terms of the sale and finalizing the deal.
-
Follow-up: After the sale, the seller should follow up with the customer to ensure they are satisfied with the product or service. This helps in building a long-term relationship with the customer and could lead to repeat business or referrals.
Similar Questions
In which stage of personal selling do you obtain the sale?Pre-approachCloseApproach
Selling in which goods are presented orally to prospective buyers is calledQuestion 15Answera.retail sellingb.Personal sellingc.sellingd.Distributing
What is often the first step in the personal selling process?Handling objectionsProspectingClosing the salePresentation
The buying process starts when the buyer recognizes a _________.ProductAn advertisement for the productA salesperson from a previous visitProblem or need
The activities buyers and sellers perform to facilitate mutually satisfying exchanges is:Multiple choice question.financesalesmanshipmarketingbusiness
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.