Sales Management Relationship Selling Final Exam Preparation Siena College

35 cards

These flashcards are in preparation for a Sales Managment College course examination.  They are based on notes take from a lecture.


 
  
Created Dec 18, 2009
by
mg15gasp

 

 
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  Side A   Side B
1
1.    3 issues considered when determining sales training needs
 
•    Who should be trained?•    What should be the primary...
2
2.    Objectives of sales training programs
 
•    Improve customer relationships•    Increase productivity•  ...
3
3.    Stages of Developing a Sales Training program
 
•    Analyze needs•    Determine objectives•  ...
4
•    Analyze needs
 
i.    Where is training needed?ii.    What content should be...
5
•    Determine objectives
 
i.    Specificii.    Realisticiii.    Measurableiv.  ...
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•    Develop and implement the program
 
i.    Inside the company vs. outside the company
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•    Evaluate and review the program
 
i.    What to measureii.    When to measureiii.    How...
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4.    Sales training methods 
 
•    On-the-job training (OJT)•    Internet (online•  ...
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•    On-the-job training (OJT)
 
learn by doing
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Training Needs (from “Business Systems”)
 
•    Time management•    Selling technique•  ...
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internet
 
cost savings
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classroom training
 
i.    Interaction +ii.    Time and $ -
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role playing
 
develop selling skills
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Long-term value (LTV) increases when customer relations are improvedWith Sales Training…
 
•    Sell to more people•    Sell more frequently•  ...
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5.    Major Roadblocks to Successful Training Programs
 
•    Training can’t solve the problem•    You’re busy,...
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6.    Methods of evaluating sales training programs 
 
•    Evaluation Options Matrixi.    Evaluation level: what...
17
1.    Answers to why one needs to do any prospecting
 
•    Customer gets into financial difficulty or goes out of business entirely•  ...
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2.    Sources of Leads
 
•    Loyal Customers:o    Customer referralso    Advocacy•  ...
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4.    Sales Presentation Strategies
 
•    Memorized presentation•    Formula presentation•  ...
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SELL
 
Select ExplainLearnListen
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SPIN
 
Situation  ProblemsImplicationsNeeds payoff
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1.    Positive Attitudes that contribute to closing/relationship selling:
 
•    Salespeople who believe in themselves and their product/service•  ...
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2.    Common Closing Methods:
 
•    Assumptive close•    Minor point close•  ...
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•    Assumptive close
 
Already assuming the customer is ready to close
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Minor point close
 
o    Focuses the buyer on a small element of the decision
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Alternative choice close
 
o    Gives prospects options (but neither of which is not to buy)
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•    Direct close
 
o    Most straightforward, simply ask for order
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•    Summary-of-benefits close
 
o    Reviewing some/all benefits covered to make close 
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Balance sheet close
 
o    Pro/con list to make closeo    Pro is benefitso  ...
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•    Buy-now close
 
o    Creates sense of urgency with customer to make close
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3.    Importance of handling rejection in sales:
 
•    Make sure to not take personally•    Be prepared for...
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4.    Common closing mistakes
 
•    Harboring a bad attitude•    Failure to conduct an effective...
33
ABC
 
Always be closing
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Objections/Questions (they are good, keep you in business)
 
Objections/Questions (they are good, keep you in business)•    What → simple...
35
Assessing:
 
a.    Receive (with respect)b.    Clarify/classifya.  ...

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