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3 main categories of Products
Entering Goods
Foundation Goods
Facilitating Products
Entering Goods
Raw Materials
Manufactured Materials and Parts
Foundation Goods
Installations
Accessory Equipment
Facilitating Products
Supplies
Services
Categories of B2B Customers
Commercial Enterprises
Governmental Organizations
Institutions
Elasticity Need
Greater cross-functional job requirements (leadership requires persuasion)
Types of Sales jobs
Retail
Direct Selling
Selling for a wholesaler
Selling for a manufacturer
Retail Selling Examples
Apple, restaurant
Direct Selling Examples
Door-to-door selling, girl scout cookies
Selling for a wholesaler Example
Walmart
Selling for a Manufacturer Example
P&G, selling hundreds of thousands of products
Relationship selling
non adversarial
non manipulative
consultative
partnering
problem solving
goal: long term relationship
Transaction selling
getting them to sign the dotted line (sold to and then never contacted again)
What are the 3 roles of Consultative Selling?
Team leader
business consultant
long-term ally
Customer-Seller Relationship Gap
There is a tendency bc people forget about them
Freud’s Insight
John D Rockefeller Example - gave money to a hospital in china to get his name on the building
FAB rule
when you use the features, advantages, and benefits
BUT what you should do benefits, advantages, features (BACKWARDS)
Six ways to make people like you
become genuinely interested in others
smile
remember the person’s name
be a good listener
talk in terms of the other people’s interest
make the other person feel important
how to make a good impression
be proud, sincere, enthusiastic
The Pixar Pitch
every pixar movie can be broken down into the same structure
heuristics
they raised the price of sales, turquoise sales increased
recovery paradox
they please the customer with an even higher satistfaction that if it were to be completed normally
The liking rule
When Missouri wins, we won.
if Missouri losses, they lost.
Scarcity
People assign more value to opportunities that are less available