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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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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
McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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
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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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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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
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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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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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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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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
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Types of personality
The Thinker: logic, systematic inquiry
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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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McGraw-Hill/Irwin Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
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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
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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.