What is selling? In its simplest terms, selling is the process of helping a person to conclude that your product or service is of greater value to him than the price you are asking for.
How Markets Work
Our market society is based on the principles of freedom and mutual benefit. Each party to a transaction only enters into it when he feels that he will be better off as a result of the transaction than he would be without it.
The Three Options
In a free market, the customer always has three options with any
purchase decision. First, the customer can buy your product or service.
Second, the customer can buy the product or service from someone else.
Third, the customer can decide to buy nothing at all.
Convincing the Customer
For the customer to buy your particular product or service, he or she
must be convinced that it is not only the best choice available but he
must also be persuaded that there is no better way for him to spend the
equivalent amount of money. Your job as a salesperson is to convince
the customer that all these conditions exist and then to elicit a
commitment from him to take action on your offer.
Customize Your Sales Presentation
The field of professional selling has changed dramatically since World
War II. In a way, selling methodologies are merely responses to
customer requirements. At one time, customers were relatively
unsophisticated and poorly informed about their choices. Salespeople
catered to this customer with carefully planned and memorized sales
presentations, loads of enthusiasm and a bag full of techniques
designed to crush resistance and get the order at virtually any cost.
Treat Them With Respect
But the customer of the 1950s has matured into the customer of the 21st
century. Customers are now more intelligent and knowledgeable than ever
before. They are experienced buyers and they have interacted with
hundreds of salespeople. They are extremely sophisticated and aware of
the incredible variety of products and services that are available to
them, as well as their relative strengths and weaknesses of those
products. Many of them are smarter and better educated than most
salespeople and they are far more careful about making a buying
decision of any kind.
The Need For Speed
In addition, they are overwhelmed with work and under-supplied with
time. Because of the rapidly increasing pace of change, down-sizing,
restructuring and the competitive pressures surrounding them, customers
today are harried and hassled. They are swamped with responsibilities,
impatient, suspicious, critical, demanding, and spoiled. To sell to
today's customer requires a higher caliber of sales professional than
has ever before been required. And it is only going to become tougher
and more complicated in the months and years ahead.
Action Exercises
Here are two things you can do immediately to put these ideas into action.
First, think continually about how you can convince your customer that
your product or service is the very best available. Why does he buy, or
refuse to buy?
Second, upgrade your knowledge and skills every day so you can sell
more effectively. Remember, your customers only get better when you get
better.
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