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Value Added Selling June 3 rd , 2010. Discussion Points. Value-Added Selling Philosophy Value-Added Selling Strategies Value-Added Selling Tactics. Discussion Points. Value-Added Selling Philosophy Value-Added Selling Strategies Value-Added Selling Tactics. Value Defined.
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Discussion Points • Value-Added Selling Philosophy • Value-Added Selling Strategies • Value-Added Selling Tactics
Discussion Points • Value-Added Selling Philosophy • Value-Added Selling Strategies • Value-Added Selling Tactics
Value Defined • It’s the Buyer’s Perception That Counts Philosophy
Value Defined • It’s the Buyer’s Perception That Counts • Value Is Bigger Than Price Philosophy
Value Defined • It’s the Buyer’s Perception That Counts • Value Is Bigger Than Price • Value Is Long Term Philosophy
Value Defined • Perceived Value • Performance Value • Product Philosophy
Value Defined • Perceived Value • Performance Value • Product • Service Philosophy
Value Defined • Perceived Value • Performance Value • Product • Service • Company Philosophy
Value-Added Selling Defined • Value Added Selling Is Proactive • Three Dimensional • Product Philosophy
Value-Added Selling Defined • Value Added Selling Is Proactive • Three Dimensional • Product • Company Philosophy
Value-Added Selling Defined • Value Added Selling Is Proactive • Three Dimensional • Product • Company • Yourselves Philosophy
Value-Added Selling Defined • Key Point • 57% of the Buying Decision is Influenced by the Product Philosophy
Value-Added Selling Defined • 57% of the Buying Decision is Influenced by the Product • 25% by the Salesperson Philosophy
Value-Added Selling Defined • 57% of the Buying Decision is Influenced by the Product • 25% by the Salesperson • 18% by the Company Philosophy
Price Facts • Brand Counts Philosophy
Price Facts • Brand Counts • Market Leader can Charge More Philosophy
Price Facts • Brand Counts • Market Leader can Charge More • If you Charge More There is Perceived Value Philosophy
Price Facts • Brand Counts • Market Leader can Charge More • If you Charge More There is Perceived Value • Buyers Are Price Sensitive About the Necessities Not the Niceties Philosophy
Why Sales People Don’t Sell Value • Fear of Losing the Order • Lack of Confidence • Lack of Skills or Knowledge Philosophy
Customer Messaging • What and How You Communicate • Value Added • Quantitative Value Added • Qualitative Value Added Philosophy
Quantitative Value-Added NOW LETS HEAR FROM THE AUDIENCE Philosophy
Qualitative Value-Added NOW LETS HEAR FROM THE AUDIENCE Philosophy
Discussion Points • Value-Added Selling Philosophy • Value-Added Selling Strategies • Value-Added Selling Tactics
Penetrate the Account Deeply • Level I Decision Makers • Logistics Buyers Selling Strategies
Penetrate the Account Deeply • Level II Decision Makers • Concerned About Usage of the Product Selling Strategies
Penetrate the Account Deeply • Level III Decision Makers (HLDM’s) • Profitability and Cash Flow Selling Strategies
Take the Steps • Customer-izing • Buyers Not the Sellers Define Value • Needs Versus Wants Selling Strategies
Take the Steps • Positioning • The Way the Customer Thinks • It’s a Campaign • Face to Face • Every Company Owns a Position in the Customers Mind • Everything You Do Counts Selling Strategies
Take the Steps • Differentiating • What the Buyer Needs Not What the Competition is Doing • Presenting • Its All About The Customer • Sell To The Customers Needs and Wants • Use Value Added Sales Talk Selling Strategies
Take the Steps • Supporting • Process Support • People Support • Relationship Building • Tinkering • Ease Of Doing Business • Continuously Improve Selling Strategies
Take the Steps • Value Reinforcement • They Will Forget If We Do Not Remind Them Selling Strategies
Discussion Points • Value-Added Selling Philosophy • Value-Added Selling Strategies • Value-Added Selling Tactics
Gross Margin. Proactive Proactive Sales Planning The Sell Gross Margin Reactive Gross Margin $/mo Sales Prep Time Time Lack of Preparation Probing, Listening & Presenting • Pre Call Planning • Understanding Who You Are Selling • Proper Needs Analysis • Understanding Product Features • Good Presentation • Allows Customer To Dummy Down Product • Price Main Factor • You Are Defending Yourself Against The Competition • Defensive Selling • Upfront investment is most effective and efficient 1:4
Pre-Call Planning • What Do I Want To Accomplish • What Do I Want To Ask • What Customer Messaging Tools Do I Want To Use • What Obstacles Do I Anticipate • What Action Do You Want As a Result Of the Call Selling Tactics
Needs Analysis • Critical For The Sales Call • Although We Call On A Lot of The Same Accounts Needs May Change • Needs Will Vary • Buyer (Level 1) • Quality Assurance Manager (Level II) • Purchasing Manager (Level III) • General Manager (Level III) Selling Tactics
Presentation Stage • Sell To The Level Of The Decision Maker You’re Addressing • Sell All Dimensions Of Value • Product • Company • You Selling Tactics
Presentation Stage • Sell To The Level Of The Decision Maker You’re Addressing • Sell All Dimensions Of Value • Product • Company • You Selling Tactics
Product Value • Sell Features and Not Claims • Facts That Describe • Machining Enhancements • Residual Stress Enhancements • Lot To Lot Consistency • Sell The Benefit of The Features Selling Tactics
Company Value • Commitment To • Providing The Best “BIC” Customer Experience • Continuous Improvement • the Distribution Channel • Providing The Full Range Of Aluminum Products • Providing A Full Range Of Technical Support Selling Tactics
Your Value • Your Commitment To Service • Access To Market Information • Product Training Resource • Broad Market Knowledge • Above All - You Are Their “Go-To” Person Selling Tactics
The Commitment Stage • Should Require The Least Time If Proper Planning Was Accomplished • 83% Of Your Time Should Be Spent Up Front (Probing, Listening and Presenting) Selling Tactics
The Commitment Stage • Selling Value Closes Deals Selling Tactics