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Chapter

4
The Psychology of Selling:
Why People Buy

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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Chapter

4
Why People Buy
Psychological Influences
FABulous Approach to Buyer Need Satisfaction
Determining Important Buying Needs
The Trial Close
SELL Sequence
Buyer’s Perception
Perceptions, Attitudes, and Beliefs
McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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Chapter

4
Considering the Buyer’s Personality
Adaptive Selling Based on Buyer’s Style
Classifying Buying Situations
Technology Provides Information
Viewing Buyers as Decision-Makers
Satisfied Customers
To Buy or Not To Buy

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
Why People Buy – The Black Box
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Approach
Internalization process is referred to as a black
box
Cannot see into the buyer’s mind
Stimulus-response model
Buyer’s Hidden
Sales Presentation Mental Process Sale/No Sale

Stimulus Black box Response

Exhibit 4-1: Stimulus-response model of buyer behavior

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What’s Known About Mental
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Process
People buy for practical and emotional reasons
Some of a person’s thoughts can be determined
Some of buyer’s purchase considerations

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Psychological Influences on Buying


Motivation to buy must be there
Needs - result from a lack of something desirable
Wants - needs learned by the person
Economic needs: The best value for the money
The buyer’s need to purchase the most satisfying
product for the money
Price, Quality, Convenience, and service

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Psychological Influences on Buying
cont…
Awareness of needs: Some buyers are unsure
Conscious need level
Preconscious need level
Unconscious need level

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A FABulous Approach to Buyer
Need Satisfaction
Stressing benefits is a most powerful selling
technique
FAB selling technique emphasizes benefit selling
Feature
Advantage
Benefit

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The Product’s Features: So What?


Feature--physical characteristic
Many salespeople emphasize features
Must discuss the product’s advantages as they
relate to the buyer’s needs. (Ex. Size and Color)

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The Product’s Advantages: Prove It!


Advantage--a performance characteristic
The chances of making a sale are increased by
describing the product’s advantages
How a product can be used
How a product will help the buyer

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The Product’s Benefits: What’s in it
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for Me?
Benefit--a result of advantage
People are interested in what the product will do
for them
Benefits can be both practical and psychological
Benefits should be specific statements, not
generalizations
Emphasizing benefits increases sales

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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Order Can Be Important


Standardized FAB Sequence can be used as
follows
 The…(feature)…means you…(advantage)…with the
real benefit to you being…(benefit)….
Note how a benefit is emphasized

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People Buy Benefit(s)

Notice National Television Commercials (stress benefits)


High performing salespeople
They know this increase their chances.

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Can Not Leave out Features and Advantages.

In the sales presentation it is also important to mention


features and advantages.
Here is an example of how to stress a benefit while
including a feature and an advantage:
“With this ball, you’ll get an extra 10 to 20 yards on your
drives (advantage) helping to reduce your score (benefit)
because of its new solid core (feature).”
Example: Sporting Goods
Salesperson to Customer:

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FAB`s Can be awkward at first


New salespeople are frequently not accustomed to using
feature, advantage, and benefit phrases
It may seem awkward at first

The standardized FAB Sequence can be used as follows:


The…(feature)…means you…(advantage)…with the real
benefit to you being…(benefit)….

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4-17
How to Determine Important Buying
Needs—A Key to Success
L-O-C-A-T-E
Listen
Observe
Combine
Ask questions
Talk to others
Empathize

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
4-18
The Trial Close—A Great Way to
Uncover Needs and Sell
 The trial close asks for an opinion, not a
decision to buy. It gives feedback.
 The trial close is one of the best communication
techniques in the sales presentation
 Trial close helps you to determine
 whether the prospect likes your product’s feature,
advantage, or benefit
 whether you have successfully answered the
objection
whether any objections remain
whether the prospect is ready for you to close the sale
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In These Examples of Trial Closes, Notice They Do


NOT Ask Someone to Buy Directly

“How does that sound to you?”


“Is this important to you?”
“Can you see how this can benefit you?”
“I notice your smile. What do you think about…?”

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Trial Closes
For example:
 You just answered a question.
Trial close: Does that
You just finished talking about a proposal.
Trial close: Am I

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To Help You Properly Use


The FAB selling technique and the trial close, incorporate
the SELL Sequence into your presentation

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Sell Sequence
SELL Sequence
S – Show feature--physical characteristic
E – Explain advantage--performance characteristic
L – Lead into benefit--result of advantage
L – Let customer talk--ask opinion question

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
4-23

Adaptive Selling Based on Buyer’s Style


Personality typing
Real self I am
Self image I think I am
Ideal image I would like to be
Looking glass self: how people think I am

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Watch for Clues to Someone’s Personality Type

How would you describe this person?


What is their time orientation – past, present, future?
What does their desk look like?
What does their room look like?
How do they dress?

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Types of personality
The Thinker: logic, systematic inquiry

The Intuitor : knowledgeable/ futurist

The Feeler: people oriented/sensitive

The Senser: Action/ to the point!

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The Three Classes of Buying Situations

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Your Buyer’s Perception


Perception--how selects, organizes, interprets
information
Selective exposure--only portion of information used
Selective distortion--perceptual process may alter
information
Selective retention--may remember only what
supports their attitudes and beliefs

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
4-28

Personal, Psychological, and Social Forces that Influence


Consumers’ Buying Behavior

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4-29

Perceptions, Attitudes, and Beliefs


Perceptions are learned
Learning--knowledge based on past
Attitude--learned predispositions
 Belief--trust or confidence placed in
something/someone

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
The Buyer’s Personality Should Be
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Considered
Personality can be viewed as the individual’s
distinguishing character traits, attitudes, or
habits
Self-concept
Real self
Self-image
Ideal self
Looking-glass self

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
Adaptive Selling Based on Buyer’s
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Style
Personality typing
Adapt your presentation to the buyer’s style
Thinker style
Intuitor style
Feeler style
Senser style

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4-32

You Can Classify Buying Situations


Some decisions are routine
Some decisions are limited
Some decisions are extensive

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4-33

Technology Provides Information


Technology provides
information for customer
decision making and
service

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4-34

View Buyers as Decision-Makers


Five basic steps in the buying decision
Need arousal
Collection of information
Information evaluation
Purchase decision
Postpurchase:
Satisfaction
Dissonance

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
4-35

Satisfied Customers are Easier


to Sell
It is easier to sell to a
customer than to a
stranger
Building a relationship
is important to a
salesperson’s success

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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To Buy or Not To Buy—A Choice


Decision
Salesperson needs to understand
factors that can influence the buying decision
buyers actually examine various factors that
influence these decisions
buyers actually go through various steps in making
decisions
how to develop a sales presentation that
persuades buyers to purchase

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
4-37

Summary of Major Selling Issues


As a salesperson, be knowledgeable
Understand the characteristics of the target
market and how these characteristics relate
to the buyer’s behavior
The individual goes through various steps
in the three buying situations of routine
decision making, limited decision making,
and extensive decision making
Uncover who is involved in the buying
decision and the main factors that
influence the decision
McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
Summary of Major Selling Issues 4-38

cont…
Psychological factors include the buyer’s
motives, perceptions, learning, attitudes, beliefs,
and personality
Not all prospects will buy your products due to
the many factors influencing their buying
decision
Need to uncover buyers’ needs, solve buyers’
problems, and provide the knowledge that
allows them to develop personal attitudes
toward the product

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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Remember—satisfied customers
are easier to sell to!

McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.

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