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Marketing

Marketing. Unit 8:Promotion. Communication & Selling. Danna Nelson-Gresham High School. Promotion is Part of the Marketing Mix. Promotion is one of the 4 elements of the Marketing Mix, also referred to as the 4 P’s of marketing. Frameworks 8.3. Promotion Is a Form of Communication.

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Marketing

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  1. Marketing Unit 8:Promotion Communication & Selling Danna Nelson-Gresham High School

  2. Promotion is Part of the Marketing Mix • Promotion is one of the 4 elements of the Marketing Mix, also referred to as the 4 P’s of marketing. Frameworks 8.3

  3. Promotion Is a Form of Communication • Promotion is a communication process, which is the transfer of a message from a sender to a receiver. Frameworks 8.2

  4. Promotion Is a Form of Communication • The sender is the source of the message. Frameworks 8.2.1

  5. Promotion Is a Form of Communication • The message is what is being communicated. Frameworks 8.2.1

  6. Promotion Is a Form of Communication • Encoding is when the sender converts an idea into a message that the receiver can understand. The Oscar “selfie” was retweeted over 3 million times. The photo was taken with a Samsung phone. A commercial for Samsung appeared during the commercial break. Video: The Oscar Selfie Breaks Twitter Frameworks 8.2.1

  7. Promotion Is a Form of Communication • The receiver is the person or persons to whom the message is directed. (potential customers) Frameworks 8.2.1

  8. Promotion Is a Form of Communication • Decodingis the process by which the receiver interprets the transmitted language and symbols to comprehend the message. Video: “Who’s on First” With Abbott & Costello Frameworks 8.2.1

  9. Promotion Is a Form of Communication • Noiseis any distracting information in the transmission, the message channel, or the environment that might distract from the message. Frameworks 8.2.1

  10. Promotion Is a Form of Communication • Feedbackis the receiver’s response to the message. Frameworks 8.2.1

  11. Promotion Is a Form of Communication • The message channel is the vehicle by which the message travels. (social media, TV, radio, newspaper, text message, a salesperson, or billboard) Frameworks 8.2.1

  12. The Goals of Promotion • Promotion is any form of communication a business or organization uses to … inform, persuade, or remind consumers about its products or services. Frameworks 8.3.1

  13. The Elements of the Promotion • The promotional mix is the combination of advertising, public relations, personal selling, and sales promotion that marketers use to reach the target market. Frameworks 8.3.2

  14. The Elements of the Promotion • The elements of the promotional mix must be coordinated to deliver a cohesive message. Frameworks 8.3.2

  15. The Elements of the Promotion • Advertising is any form of paid, non-personal communication that uses mass media to deliver the marketer’s message to an audience. Frameworks 8.3.2

  16. The Elements of the Promotion • Public relations is the effort to reach consumers by generating positive publicity. Frameworks 8.3.2

  17. The Elements of the Promotion • Sales promotion is any short-term incentive, activity, or material that gives consumers a direct incentive to buy. Frameworks 8.3.2

  18. The Elements of the Promotion • Personal selling is persuasive person-to-person communication with a potential customer in an effort to inform, persuade, or remind the customer about the organization’s products or services. Frameworks 8.3.2

  19. The Personal Selling Process • The salesperson is the link between the customer and the business. Video: 81 Year Old Broom Salesman Frameworks 8.4.1

  20. The Personal Selling Process • Personal selling is really about helping customers make wise and satisfying buying decisions. Never sell a product to a customer if that product will not meet their needs. Frameworks 8.3.2

  21. The Steps of Personal Selling • The steps of the personal selling process include: • The Pre-Approach • The Approach • Determining Customer Needs • Presenting/Demonstrating the Product • Answering Objections • Closing the Sale • Suggestion Selling • Following-Up/Relationship Marketing Frameworks 8.4

  22. The Steps of Personal Selling • During the pre-approach the salesperson gets ready for the face-to-face meeting with the customer. • Becoming knowledgeable about the product. • Gathering information about prospective customers. • A prospect is a potential customer, also known as a lead. • The term cold calling is contacting a prospective customer without any information about the person. Frameworks 8.4

  23. The Steps of Personal Selling • Methods for developing prospects: • Employer Leads • Telephone Directories • Professional Directories • Newspapers • Commercial Lists • Customer Referrals • Social Media – LinkedIn, Twitter, Facebook

  24. The Steps of Personal Selling • The approach is the first contact between the customer and the salesperson. • Common approach techniques: • In the service approach the salesperson asks the customer if he or she needs assistance. • This method is acceptable when the customer is obviously in a hurry or if you are an order taker for routine purchases. Frameworks 8.4

  25. The Steps of Personal Selling • Common approach techniques: • When using the greeting approach the salesperson simply welcomes the customer to the store. • This lets the customer know that the salesperson is available for any questions or assistance. Frameworks 8.4

  26. The Steps of Personal Selling • Common approach techniques: • With the merchandise approach the salesperson makes a comment or asks questions about a product in which the customer shows interest. • This method can only be used if a customer shows interest a specific item. Frameworks 8.4

  27. The Steps of Personal Selling • A qualified customer is a prospect with a needfor the product, the resourcesto purchase the product, and the authority to make the purchase decision.

  28. Personal Selling: Determining Needs • In order to determine customer needs salespeople should do the following: • Question • Listen • Observe

  29. Personal Selling: Determining Needs Questioning – get the customer talking! • Ask open-ended questions—questions that require more than a yes or no answer. • Ask clarifying questions to make sure you understand customers' needs. • Don't ask too many questions in a row. • Don't ask questions that might embarrass customers or put them on the defensive. Frameworks 8.4

  30. Personal Selling: Determining Needs • Listening helps you pick up clues to the customer's needs. • Remember these five important listening skills when talking to customers: • Maintain good eye contact. • Provide verbal and nonverbal feed back. • Give the customer your undivided attention. • Listen with empathy and an open mind. • Do not interrupt. Frameworks 8.4

  31. Personal Selling: Determining Needs • When you observe a customer, you should look for buying motives that are communicated nonverbally. • Nonverbal communication is expressing yourself through body language such as facial expressions, hand motions, and eye movement.

  32. Personal Selling: Presentation • Creatively displaying the product is the first step in an eye-catching presentation. Frameworks 8.4

  33. Personal Selling: Presentation • A personalized presentation of the features of the product in a way that emphasizes the benefits and value to the customer. Video: Jeep Grand Cherokee Demonstration Frameworks 8.4

  34. Personal Selling: Presentation • The way you handle a product presents an image of its quality. Handle it with care and respect. Frameworks 8.4

  35. Personal Selling: Presentation • When it is impractical to demonstrate the actual product or when you want to emphasize certain selling points, you can use sales aids such as samples, videos, models, photographs, or drawings. Frameworks 8.4

  36. Personal Selling: Presentation • Get the customer physically involved with the product demonstration as soon as possible in the sales presentation. Video: Customer Recommendation and Referral Frameworks 8.4

  37. Personal Selling: Presentation

  38. Personal Selling: Presentation Frameworks 8.4

  39. Personal Selling: Objections • Objections are concerns, hesitations, doubts, or other honest reasons a customer has for not making a purchase. • Objections are opportunities to present more information to the customer. Frameworks 8.4

  40. Personal Selling: Objections • What is the most common objection in selling? ____________. PRICE! Video: Say Yes to the Dress Frameworks 8.4

  41. Personal Selling: Objections • Excusesare insincere reasons for not buying or not seeing the salesperson. Frameworks 8.4

  42. Personal Selling: Objections • Successful salespeople have learned to use a very basic, four-step strategy when answering all objections: • Listen carefully • Acknowledge the customer’s objections • Restate the objection – paraphrase. • Answer the objection. Frameworks 8.4

  43. Personal Selling: Closing • Closing the saleis obtaining positive agreement from the customer to buy. • Close the sale when your customer is ready to buy. • Look for buying signals, the things a customer doesthat indicate a readiness to buy, such as facial expressions, actions, and comments. Frameworks 8.4

  44. Personal Selling: Closing • Which or Choice CloseEncourage a customer to make a decision between two items. • Standing-Room-Only Close (SRO) Use this when a product is in short supply or when the price will be going up in the near future. Should only be used when it is TRUE. Frameworks 8.4

  45. Personal Selling: Closing • Direct CloseAsk for the sale with non-threatening questions or statements that get the customer ready for the close. • Service CloseExplain services that overcome obstacles or problems: gift-wrapping, a return policy, special sales arrangements, warranties and guarantees, bonuses or premiums, and credit or payment terms. Frameworks 8.4

  46. Personal Selling: Suggestion Selling • Suggestion selling requires that the salesperson suggest other related products that customers may see as valuable. Frameworks 8.4

  47. Personal Selling: Suggestion Selling • Suggestion selling should be attempted after the customer has made a commitment to buy, but before payment is made or the order written. Frameworks 8.4

  48. Personal Selling: Following-Up • Personal selling should create an on-going profitable relationship with the customer. Frameworks 8.3.2

  49. Personal Selling: Following-Up • Relationship marketing involves the strategies businesses use to stay close to their customers. Frameworks 8.3.2

  50. Personal Selling: Following-Up • Think of following-up activities as part of an ongoing dialogue with customers in preparation for future sales.

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