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Understanding Sales Methods and Strategies

Understanding Sales Methods and Strategies . Georgia CTAE Resource Network Written by Krystin Glover and Caleb Allred. Sales. The process of determining customer needs and wants through planned personalized communication intended to influence purchase decisions and ensure satisfaction.

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Understanding Sales Methods and Strategies

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  1. Understanding Sales Methods and Strategies Georgia CTAE Resource Network Written by Krystin Glover and Caleb Allred

  2. Sales • The process of determining customer needs and wants through planned personalized communication intended to influence purchase decisions and ensure satisfaction.

  3. Examples of Sales Activities in Sports and Entertainment • Selling group tickets to a play • Negotiating an event contract with a facility or venue • Soliciting donations from alumni to fund scholarship opportunities • Selling and event sponsorship package

  4. Sales Methods • Feature-benefit selling • Full menu marketing • E-Commerce • Direct Mail

  5. Feature-Benefit Selling • Product features are the basic, physical, and extended characteristics of an item • Sports teams selling club seating • Customer benefits are the advantages or personal satisfaction he/she will get from a good or service • Comfort, convenience, and space are benefits of club seating

  6. Feature-Benefit Selling continued… • Selling process involves matching specific product attributes to a customer’s needs and wants • Companies may purchase club seats to entertain clients

  7. Full Menu Marketing • The selling of a variety of products or services that meet virtually any customer needs and/or wants • Sales professional for a minor league sports team meets with a company to offer sponsorship with benefits • Season tickets, group tickets, VIP tickets, free parking, etc.

  8. E-Commerce • The buying and selling of goods and services on the internet • Disney fans may go online and purchase DVDs, toys, trinkets, etc.

  9. Direct Mail • Conducted exclusively by mail • Usually sent to large numbers of prospective customers soliciting orders • In order to be effective, approach must be: • Targeted • Personal • Measurable • Testable • Flexible

  10. Direct Mail continued… • Examples of direct mail sales • Ticket brochures • Pocket schedules and team posters • Solicitation (sales) letters • Many others

  11. Effectiveness demonstrated Under the guidance of sports marketing guru Jon Spoelestra, the New Jersey Nets basketball team sent rubber chickens wearing tank tops featuring a message to season ticket holders who had not renewed for the upcoming season. The tank top read “You’re about to fowl out! However, you can avoid the bench and keep on playing. Just read the attached.” Included in the package was a renewal letter. The result was a 93% renewal rate, up from an average of 80% in the years before.

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