SELLING SKILLS - REPORT ON INDUSTRIAL TRAINING IN A BANK



It is generally accepted that selling is the language of business. As  a language it serves  as  a means of communication
 DEFINITION OF SELLING
Selling which is know before to mere deception has now  because  information system  due to  change in  our society 
Selling is  process of  obtain  for a  decision, large or small  and  being able to prove it is  in  the  interest of   the  other persons  to agree  
 OBJECTIVE OF SELLING
-          Gain confidence needed  to make  successful  sales call

-          Learn  technique of gaining and retaining customers attention
-          Sell Enterprise bank products and services.
-          Close more profitable sales

LIMITATION OF SELLING     
-          Behaviors  to  top performing  takes  executive
-          Company 
-          Customers
-          Self behaviours and top performing sales  representatives
-          Maintain pleasant, direct eye  to eye contact
-     Show enthusiasm for meeting  with  the customer as well as for the products  or services being sold
-          Demonstrate trustruorthiness with confidential information
-          Keep promises and respond prompt and  willingly to requests.
-          Use  the  customers name periodically  during the sales call
-          Respect the customers   time by  being  concise and to the point
-          Put forth more effort to explore and  understand all current ad  future  customers requirements from the customer point of view.
-          Ask more intelligent questions  that get the customer to think analyze and  look  to the  future.
-          Paraphrase more after to test  for  and confirm understanding 
-          Ask  question about and became more aware of the customer  economic conditions.
-          Spend more the  gaining and understanding of the  customers economic conditions
-          Give more evidence of product benefit  and effectiveness 
-          Spend some time explaining  product  or service draw backs
-          Are better able to answer technical questions regarding the product or service being sold.
-          More effectively present logical arguments to support recommendation.
-          Are  better able to  prepare effective  responses  in  answer to  objections.

SALES  PREPARATION AND RESEARCH

There are  three important  areas of  knowledge :
-           Your customers and prospects
-          Your direct and indirect competition
-          Your own organization and  its products

YOUR CUSTOMERS /PROSPECTS
-           Who  are they  / where  are they 
-          Who are their relevant decision makers /decision   influencers?
-          Personal  details of these people
-          Suitable times to see  them.
-          What  are their exact needs?

YOUR OWN ORGANIZATION?

-          Product knowledge
-          Benefits for your customers 
-          Your own job responsibilities 
YOUR COMPETITORS (DIRECT AND INDIRECT )
-          Who are they?/where are the
-          What are their strengths and  weaknesses
ROLE  OF THE PROFESSIONAL SALES PERSON
-          The customers view point 
-          Friendly 
-          Professional 
-          Knowledgeable 
-          the  company’s  viewpoint
-          Researcher 
-          Public relations officer
-          Business manager
-          Planner
-          Your own viewpoint
-          Hard worker, self manger
-          Optimist 
-          Realist
OPENING THE CALL AND GAINING THE CLIENTS FULL ATTENTION
-          Factual opening 
-          Question  opening
-          Reference opening 
-          Link opening 
-          Sales  and  opening 
COMMUNICATION WITH THE  CUSTOMER 
Verbal /visual  ………..)40 –45%
Non- verbal  …………..)55-60%
(body  language )
POOR COMMUNICATION  
-          Misunderstanding 
-          Poor listening
-          Poor  questioning 
-          Barriers
WORD BARRIERS
Choice  of words ……………….SARCASM
“You ‘re  wrong….”
Swearing  ……………………….JARGON
PSYCHOLOGICAL BAMERS
-          Getting  too close 
-          Staring 
-          Scorning points 
-          Arguing  
METHODS OF  QUESTIONING 
Open
Closed
Who?
Do  you……….?
What?
Will you ………?
Why?
Can you………….?
When?
May we ………….?
Where?
Shall  we ……..?
How?
Have you …….?

Could we …………?

 

UESTIONING SKILLS
Why? 
To what extents?                              PROBE
To what degree 

LIMITED CHOICE
Which do you 
refer A or B                                                  


LINK
 
 
Bearning in mind what 
You said  earlier  ……….

LEADING  
 
You do  agree
Don’t  you ………?

CONTROLLING THE INTERVIEW

Signposting:  Taking your customer back to the original discussion
Confirmation : This  acts as  a check of your understanding  of what the prospect means 
Listerining : You listen actively and carefully and observe body language  for non verbal behaviour
Note  taking: This mean you get the facts right and can buy  you thinking time.
Summarizing : a method of  recapping  a lengthy or complex  discussion 

KINDS OF OBJECTION

What is an objection? Objection is a statement or feeling of dislike disapproval or opposition or a reason or argument against
Information seeking: client requires more facts about your offer, or needs reassurance or amplification or proof of clam you have made
Major: relates to an apparent drawback in the service offered  creating a barrier to closing the deal

WRONG OBJECTIVE HANDLING

-          Pouncing 
-          Glib responses
-          Arguring
-          Trying to score a victory
ANSWERING OBJECTIONS
EMPATHIC MEANING
E
Encourage and listen
M
Work time
P
Pinpoint  the  concern  (question  rephrase repeat)
A
Appreciate (understand  their viewpoint)
T
Tell them  (why you understand
H
Hinge (however,alternatively,which is why------on the otherhand,have you considered-----)
I
Is  objection valid ?
Yes                             No
Justify                        reality
Benefits                     misconception
C.
check (to ensure satisfaction )
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