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Strengthening The
   Presentation
      Chapter 10
Important Questions Answered
►   How can salespeople use verbal tools to strengthen the
    presentations?

►   Why do salespeople need to augment their oral
    communication through tools such as visual aids,
    samples, testimonials and demonstrations?

►   What materials are available to strengthen the
    presentation?

                                                 Contd.
                               2
Important Questions Answered
►   How can salespeople utilise visual aids and technology
    most effectively?

►   What are the ingredients of a good demonstration?

►   Is there a way to quantify the salesperson’s solution to
    the buyer’s problem?

►   How can salespeople reduce presentation jitters?



                                3
Purpose of the presentation

►   Knowledge
►   Beliefs
►   Desire/Need
►   Attitude
►   Conviction




                    4
Three Essential Steps Within the
         Presentation




               5
The Purpose of the Presentation

           Main Goal
                                   •To sell your product to your customer.


           Provide                 •Features                          •Product
        knowledge via              •Advantages                        •Marketing plan
                                   •Benefits of your                  •Business proposal.
                                   Allow buyer to develop positive personal attitudes toward your
                                   product.
          Other Goals              •Attitudes result in desire (or need).
                                   •Convert need into want and into the belief that your product can
                                   fulfill a certain need.

                                   your product is best
    Convince the buyer that
                                   •you are the best source from which to buy.

                                   Fully Discuss Your Product
                                         •Features
Three Essential Steps Within The         •Advantages
         Presentation                    •Benefits
                                   2.Present Your Marketing Plan.
                                   3.Explain Your Business Proposition (value/cost comparison).

                                   Don't worry about making the perfect presentation.
                                   •It's more important that you truly believe in your product.

                                   Sellers typically presents 6-8 features or benefits in a presentation
                                   •Prospect remembers only one
      Facts About Presentations
                                   •39% of the prospects remember that one thing incorrectly
                                                     6
                                   •49% percent remember something that was not even mentioned
THE SALES PRESENTATION TOOLBOX


     Persuasive Communication




                                          Construct logical reasoning
Seven factors that help you to be a       based on:
better communicator:                      •Major premise.
I.Using questions.                        •Minor premise.
II.Being empathetic.                      •Conclusion.
III.Keeping the message simple.           Make the presentation fun.
IV.Creating mutual trust.                 •Personalize your relationship.
V.Listening.                              •Build trust.
VI.Having a positive attitude and         •Use body language.
enthusiasm.                               •Control the presentation.
VII.Being believable.                     •Use the Paul Harvey dialogue.
                                      7
8
9
10
The Sales Presentation Goal Model




                11
The Sales Presentation Mix




            12
The Ideal Presentation
►  Your approach technique quickly captures your
  prospect’s interest and immediately finds signals that
  the prospect has a need for your product and is ready
  to listen
► The ideal prospect
    Is friendly, polite, relaxed, listens
    Says “yes” and enthusiastically thanks you
► Several weeks later you receive a copy of customer’s
  letter sent to your company’s president glowing with
  praise for you
► Sometimes it happens but many times there are
  difficulties
                           13
Characteristics Of A Strong
                Presentation
Characteristics of a presentation are:
   Keeps the buyer’s attention
   Improves the buyer’s understanding
   Help the buyer remember what was said
   Offers proof of salesperson’s assertions
   Creates a sense of value



                                               Contd.
                               14
Keeps the buyer’s attention
A good salesperson knows that only talking is not
enough. To keep the attention and interest of the
prospects it is important to make use of humour and
audio-visual devices. Unless the buyer actively
involved in the communication process their
attention will probably divert. The buyer's
personality can also affect his or her attention span.
For example, one would expect an amiable to listen
more attentively to a long presentation than, say, a
driver would.



                         15
Improves the buyer’s understanding

 It is difficult to imagine a product or service by
 reading out a paper or listening about it. On the
 other hand, multiple-sense appeals .improves the
 understanding dramatically
To help the prospect better understand, five basic
 channels may be used: the senses of hearing, sight,
 touch, taste, and smell.




                        16
Help the buyer remember what was
                said
A presentation is said to be successful if what is said
 is remembered afterwards. Studies show that we
 learn
   1% from taste

   2% from touch

   4% from smell

   11% from hearing (only 20% of this we retain)

   82% from seeing

  we retain only 50% of what we hear and see

                           17
18
Offers proof of salesperson’s
              assertions
Presentation gives the salesperson an opportunity to
 prove what he/she claims to be true. Simple talk
 could be taken as mere claims without any proof.
 Most people just won't believe everything a
 salesperson tells them. Creating trust is very
 important. Communication tools provide solid
 proof to back up the salesperson's claims.




                        19
Proof Statements Build Believability
►  Past sales help predict the future
► The guarantee
► Testimonials
► Company proof results
► Independent research results




     Restatement of the benefit before proving it
     Proof source and relevant facts or figures about
      the product
     Expansion of the benefit

                            20
Proof Statements Help Prove What
            You Say




               21
Creates a sense of value
The way a particular product is handled suggests
its value without even using the words. Careful
handling gives the impression of value even if no
words are spoken. Careless handling implies that
the product has little value.




                        22
How To Strengthen The Presentation
    A seller should not just grab a method because it sounds
     trendy or because it worked in a previous sales call.
     Rather, a seller should strategically select methods and
     media that will helpfully address the needs of the
     buyer. This process includes responding to the buyer's
     unique style.
    The Basic tools to Strengthen the presentation are
►    Verbal Tools
►    Visual tools


                              23
Verbal Tools

►   Word pictures and stories
►   Humour




                          24
Word pictures and stories
The power of the spoken word can be phenomenal. Stories o
  all types can be effective.
► If at all possible, use stories from your own life

► Make sure you have a reason for telling the story.

► Use the "hook" of the story to tie back directly into your
  presentation.
► Be accurate and vivid with the words you choose.

► Pace the story.

► Choose stories that fit your own style.

Stories can be quite short-even a few sentences.

                             25
Humour
 The wonderful effects of Humor will put everyone
  more at ease, including the salesperson.
► Don't oversell
► Don't apologize before telling a joke
► Identify any facts that are absolutely necessary for
  the punch line of the story to make sense
► Enjoy yourself while you're relating the humor by
  smiling and animating your voice and non-verbal.
► Practice telling the joke different ways to see which
  exact wording works best.
► Make sure your punch line is clear.



                         26
Visual tools

►   Charts
►   Models, samples and gifts
►   Catalogues and brochures
►   Pictures ads, maps and illustrations
►   Testimonials and Test Results




                           27
Charts
► Know the single point the visual should make
► Use current and accurate information.
► Don't place too much information on a visual on a
  textual visual.
► Don't use complete sentences.
► Use bullets
► Don't overload the buyer with numbers.
► Recognize the emotional impact of colors and
  choose appropriate ones.
► If possible, use graphics
► Use consistent art styles, layouts, and scales
► Check your visuals closely for misspelled words, and
  other errors.
                        28
Models, samples and gifts
Visual selling aids such as models, samples, and gifts
 may be a good answer to the problem of getting and
 keeping buyer interest. Miniature models go to the
 interview as substitutes for products too large or
 bulky to transport easily. Depending on the service
 or product, samples can make excellent sales aids.
 Samples and gifts frequently help to maintain the
 prospect's interest after the call and serve as a
 reminder for prospects or customers who either buy
 or do not buy during the presentation


                          29
Catalogues and brochures

Catalogs and brochures can help salespeople
 communicate information to the buyer effectively.
 The salesperson can use them during
 presentations and then leave them with the buyer
 as a reminder of the issues covered. Brochures
 often summarize key points and contain answers to
 the usual questions buyers pose. Creatively
 designed brochures usually unfold in a way that
 enables the salesperson to create and maintain
 great interest while showing them.


                       30
Pictures ads, maps and illustrations
Pictures are easy to prepare, are relatively inexpensive,
 and permit a realistic por­trayal of the product and
 its benefits. Photographs of people may be
 particularly effective. For example, leisure made
 possible through savings can be communicated via
 photographs of retired people at a ranch, a mountain
 resort, or the seashore. Illustrations drawn, painted,
 or prepared in other ways also help to dramatize
 needs or benefits. Copies of recent or upcoming ads
 may contribute visual appeal. With new technology,
 even detailed maps can be easily developed.


                           31
Testimonials and Test Results
Testimonials are statements, usually letters, written by
 satisfied users of a prod­uct or service. These letters
 commend the product or service and attest that the
 writer believes it to be a good buy. The effectiveness
 of a testimonial hinges on the skill with which it is
 used and a careful matching of satisfied user and
 prospect. Salespeople can also use test results to
 strengthen the presentation. Tests on the product or
 service may have been conducted by the seller's firm
 or some third-party organization


                          32
The Visual Presentation–Show and
                Tell
►  Increase retention
► Reinforce the message

► Reduce misunderstanding

► Create a unique and lasting impression

► Show the buyer that you are a professional




                         33
Use of Sales Aids
                                               The Organizer
                   A series of visuals that go step by step through the sales process.
                                              (eg A flip chart)

                                                  Built around benefits
                                                  •Fosters 2 way communication
      Company prepared organizers                 •Leads to the close
                                                  •Gets the whole story out in less time
                                                  •Keeps the presentation on track


                                                  •Personal letters of reference
     Supplements that you should add              •Business cards of clients
                                                  •Pictures of clients using the product
                                                  •Pictures of finished installations

                                               Other Audiovisual Aids

                                                  Computers
            The most popular                      •Videos
             Audiovisual Aids                     •Slides
                                                  •Presentation software use is growing



                                                  Rehearse them!
                                                  •Customize them to fit each individual customer.
                                                  •Make them simple, clear, and straight forward.
                                                  •Control the demonstration.
Guidelines for Using Visual Aids, Dramatics,
                                                  •Make the demonstration true to life.
              Demonstrations.
                                                  •Encourage prospect participation.
                                                  •Incorporate trial closes (nail downs) after showing or demonstrating
                                                  a major feature, advantage, or benefit in order to determine if it is
                                                        34
                                                  believed or important to the prospect.
Make Your Statements Visual
      Simile           a comparison statement using the words "like" or "as"
                       implied comparison that uses a contrasting word or phrase to evoke a vivid
     Metaphor
                       image.
     Analogy           compares two different situations which have something in common.

                       Past sales help predict the future.
                       •The guarantee.
                       •Testimonials.
                       •Company proof results.
                       •Facts and Statistics
       Proof
                       •Demonstrations - show the product in use
    Statements
                       •Testimonials
                             1.Have your referral call the prospect
                             2.Bring letters
                       •Samples - appeal to the senses if possible
                       •Case Histories

   Independent         Restate the benefit before proving it.
     research          •State the source and relevant facts or figures about the product.
      results          •Expand of the benefit.

                       Ask Questions.
                       •Product use.
                       •Visuals.
Induce Participation
                       •Demonstrations.
                       •Listen
                       •Encourage the prospect to ask questions

                       Increase retention.
                       •Reinforce message.
    The Visual
                       •Reduce misunderstanding.
   Presentation
                       •Create a unique and lasting impression.
  Show and Tell
                       •Show your buyer you35 a professional.
                                             are
                       •VISUAL AIDS HELP TELL THE STORY
Media Used to Display Visual Tools
►   Sales Portfolios
►   35 MM Slides
►   VCRs
►   Computer H/W and S/W
►   Visual Projectors




                      36
Sales Portfolios
Portfolio, which is simply a paper-based collection of
 visual aids, often placed in some sort of binder or
 container, that can be used to enhance
 communication during a sales call. the portfolio
 should contain a broad spectrum of visual aids the
 salesperson can find quickly should the need arise.
 Portfolios can also be carried in a binder. The
 contents may be labeled by tabs and punched to fit
 rings in a binder. Binders make the material easy to
 find and are convenient to carry and use.

                          37
38
35 MM Slides

Slides have been effective selling aids for years. An
advantage of slides has always been the relatively low
cost of producing them. Also, salespeople can easily
tailor the show to any buyer simply by remov­ing
and/or reordering the slides. The most effective slide
shows utilize multiple projectors and multiple
screens along with a stereo sound track




                         39
VCRs

VCRs improve on slides in that the former portray
 action. Salespeople use VCRs to help the buyer see
 how quality is manufactured into the product, how
 others use the product or service and promotional
 support offered with the product. VCRs are used not
 only by salespeople in one-on-one and group
 presentations but also at trade shows and for training
 the buyer's employees after the sale.



                          40
Computer H/W and S/W
More and more salespeople have adopted laptop
 computers, notebook computers, and palm PCs for
 use in sales calls. The beauty of these devices is their
 capability to store large amounts of easily retrievable
 information, including text, audio, video, and still
 images. Inputting all of this data is made much
 easier with the increasing sophistication of scanners,
 digital cameras, and software A phrase has been
 coined, digital sales assistant (DSA), to indicate any
 software tool that is designed to help salespeople get
 their message across.
Computers not only offer excellent visuals and
 graphics but also allow the salesperson to perform
 what-if analyses
                           41
Tips for the use of Computer H/W
                  and S/W
   Don't develop so many slides that you are going to
    drown your prospect.
    Don't get carried away by using every tool in the
    DSA.
    Don't cram too much information on a slide.
    Keep the text big. And use colors strategically.
    If you're going to showcase Web pages as a part of
    your presentation, it may be wise to download the
    pages into your presentation software instead of
    using a live Internet connection


                            42
Visual Projectors

Traditional overhead projectors can be an effective
 visual medium. The image projected on a wall can
 be up to 25 times larger than that on a written
 page, drawing more attention and creating greater
 impact. Such projectors are noiseless and simple to
 operate. Overhead transparencies can be made
 quickly and inexpensively on a copier or computer
 printer.



                        43
Tips For Visual Projectors
   Face your audience, not the screen. And don't
    block anyone's view with your body or the
    projector itself.
    Change your transparencies smoothly and never
    leave an empty screen.
   Tape the power cord to the floor to keep yourself
    from tripping over it!.
    Have a spare bulb. If you have no light you have
    no presentation.


                            44
Product Demonstrations

One of the most effective methods of appealing to the
 buyer's senses is through product demonstrations, or
 performance tests. Customers and prospects have a
 natural desire to prove the product's claims for
 themselves. Obviously, the proof is much more
 satisfying and convincing to anyone who is a party to it.
 Some products can be sold most successfully by getting
 the prospect into the showroom for a hands-on product
 demonstration. Showrooms can be quite elaborate and
 effective.

                          45
Demonstrations Prove It
A successful demonstration
► Lets the prospect do something simple

► Lets the prospect work an important feature

► Lets the prospect do something routine or frequently
  repeated
► Has the prospect answer questions throughout the
  demonstration (feedback)




                          46
Seven Points to Remember about
        Demonstrations




              47
Demonstration
                     Catch the buyer's interest
                     •Fortify your points
                     •Help the prospect understand
  A well planned
                     •Keep you interested and enthusiastic
demonstration will
                     •Cut down on the number of objections
                     •Help you close
                     •Get the prospect "involved"

                     Concentrate the Prospect’s Attention on You
   Planning a        •Demonstrate Your Interest in the Prospect - start off by handing them
 Demonstration       something
                     •Demonstrate Benefits not features
    Getting          Let the prospect do something simple.
  Participation      •Let the prospect work an important feature.
       in a          •Let the prospect do what he would frequently do.
 demonstration       •Ask the prospect questions throughout the demonstration.

                     Is the demonstration needed and appropriate?
                     •Have I developed a specific demonstration objective?
                     •Have I properly planned and organized the demonstration?
     Sales           •Have I rehearsed to the point that the demonstration flows smoothly and
 Demonstration       appears to be natural?
   Checklist.        •What is the probability the demonstration will go as planned?
                     •What is the probability the demonstration will backfire?
                     •Does my demonstration present my product in an ethical and professional
                     manner?

                     "You know your product better than you know how your client's business
The salesperson's    can use it."
      curse          •You must determine what kind of buying decision to recommend to the
                                         48
                     prospect
Reasons for Using Visual Aids and
            Demonstrations
► Capture attention and interest
► Create two-way communication
► Involve the prospect through participation
► Afford a more complete, clear explanation of products
► Increase a salesperson’s persuasive powers by obtaining
  positive commitments on a product’s single feature,
  advantage, or benefit
► People receive 87 percent of their information on the
  outside world through their eyes and only 13 percent
  through the other four senses
► The addition of participation is much more persuasive
  than dramatization alone
                            49
Handouts
Handouts are written documents provided to buyers to
 help them remember what was said. A well-prepared
 set of handouts can be one of the best ways to increase
 buyer retention of information, especially over longer
 time periods. A common practice is to make a printed
 copy of the overheads and give that to the buyers at the
 conclusion of the presentation.




                          50
Tips for Hand outs
► Don't forget the goal of your meeting.
► Make sure the handouts look professional.

► Don't cram too much information on a page.

► Don't drown your prospect in information.




                        51
Written Proposals
   The RFP process
   Writing proposals
   Presenting the proposal




                              52
The RFP process
A document issued by a prospective buyer asking
 for a proposal may be called a request for proposal
 (RFP), request for quote (RFQ), or request for bid
 (RFB). The RFP should contain the customer's
 specifications for the desired product, including
 delivery schedules. RFP are used when the
 customer has a firm idea of the product needed.
 when the resulting product truly meets the needs
 of the customer, that outcome is only fair.



                         53
Writing proposals

 Proposals do the selling job when the salesperson
  cannot be present. A key issue is keeping the
  customer's needs in mind. Always write down what
  the customer needs during the initial meeting. If not,
  two days later the salesperson will have forgotten
  some details she or he wanted to cover in the
  proposal. Proposals, then, have three parts
► An executive summary
► A description of the current situation in relation to
  the proposed solution
► A budget



                           54
55
Presenting the proposal
Prospects use proposals in many different ways.
Proposals can be used to con­vince the home office
that the local office needs the product, or proposals
may be used to compare the product and terms of
sale with those of competitors. When the proposal is
going to be sent to the home office, it is wise to
secure the support of the local deeision maker.
Although that person is not the ultimate decision
maker, the decision may rest on how much effort that
person puts into getting the proposal accepted.

                         56
Each unit or mini presentation consists of five
                       elements


                       Buying Motives To Associate With A
                                    Benefit

I.Feature
II.Benefit
III.Buying motive
associated with
this benefit
IV.Evidence or         •Quality
proof statements       •Convenience
V.Nail down or trial   •Cost saving
close                  •Status
                       •Security

                             57
Features                          Benefits




                                     •Benefits are the value to the
                                     customer
                                     •Translating features into
                                     benefits is one of your most
•The components of your product or
                                     important skills
service
                                     •Transitional phrases
•They are the same no matter who
                                     connect features to benefits
uses the product or service.
                                         •Because ..
                                         •This lets you …
                                         •That means …
                                         •What this gives you




                               58
Units of Conviction
  Concise, carefully prepared "mini presentations"




•Building blocks in constructing the information you present.
•Prepared ahead of time
•Practiced until you are comfortable
•Add them to your store of available options for later use.
•Become a permanent part of your selling arsenal.
•Learn how to personalize units of conviction
•Recall them in the best order for helping the prospect see them clearly


                                    59
Feature benefit worksheet


•You need to develop a general sheet
•A specific sheet for each customer



                         The Nail Down or Trial Close



                                                                                                      Nail Down or Trial close should
                                                                                                                 always
                                                                                                                be made
•A yes/no question that confirms that the prospect agrees that the benefit is
applicable
•If the prospect says no then go back over this benefit                           •After making a feature - benefit sequence
•This gives you feedback and builds commitment                                    •After the presentation.
                                                                                  •After answering an objection.
                                                                                  •Immediately before you move to close the sale

                                                          Forms of Nail Downs (Trial Closes)

                                                                                               Hasn't he?                        Haven't they?
         Aren't They?                            Don't you agree?
                                                                                               Hasn't she?                        Wasn't it?
         Aren't you?                                Don't we?
                                                                                                  Isn't it?                       Won't they?
          Can't you?                              Shouldn't it?
                                                                                             Isn't that right?                    Won't you?
         Couldn't it?                              Wouldn't it?
                                                                                                Didn't it?
          Doesn't it?

                             Standard Nail Down                                                         Put the nail down at the end
                        Example:   "After seeing this feature you can really see the benefit. Can't you?"
                              Inverted Nail Down                                                    Put the nail down at the beginning.
                        Example:   "Can't you see the benefit of this feature?"
                              Internal Nail Down                                                   Embed in the middle of the sentence.
                        Example:   "After seeing this feature, can't you see the benefit?"
                                                                                   When the customer says something positive, reinforce with a nail
                              Tag on Nail Down
                                                                                                             down.
                                                                         60
                                   Customer: "I can see the benefit of that feature."
                        Example:
                                   Seller: "Can't you?"
Quantifying The Solution
    Salespeople can strengthen the presentation by showing
     the prospect that the cost of the proposal is offset by
     added value; this process is often called quantify­ing
     the solution.
►    Simple cost-benefit analysis
►    Comparative cost-benefit analysis
►    Return on investment
►    Payback period
►    Net present value
►    Opportunity cost
►    Other methods of quantifying the solution
                             61
Simple cost-benefit analysis

Perhaps the simplest method of quantifying the
 solution is to list the costs to the buyer and the
 savings the buyer can expect from the investment,
 often called the simple cost-benefit analysis. For
 this analysis to be realistic and meaningful,
 information needed to calculate savings must be
 supplied by the buyer.




                        62
Comparative cost-benefit analysis
In many situations the salesperson also provides a
 comparison of the present sit­uation's costs with
 the value of the proposed solution. Or the
 salesperson com­pares his or her product with a
 competitor's product.




                        63
Return on investment

The return on investment (ROI) is simply the net
  profits (or savings) expected from a given
  investment, expressed as a percentage of the
  investment
ROI = Net profits (or savings) + Investment




                         64
Payback period

The payback period is the length of time it takes for
 the investment cash outflow to be returned in the
 form of cash inflows or savings. To calculate the
 payback period, you simply add up estimated
 future cash inflows and divide into the investment
 cost. If expressed in years, the formula is
Payback period = Investment / Savings (or profits)
 per year




                         65
Net present value
A tool to assess the validity of an opportunity is to
 calculate the net present value (NPV), which is
 simply the net value today of future cash inflows
 (i.e., dis­counted back to their present value today
 at the firm's cost of capital) minus the investment.
 The actual method of calculating NPV is beyond
 the scope of this book, but many computer
 programs and calculators can calculate NPV
 quickly and easily.
 NPV=Future cash inflows discounted into today
 dollars - Investment


                         66
Opportunity cost
The opportunity cost is the return a buyer would have
earned from a different use of the same investment
capital. Thus a buyer could spend $100 million to buy
any of the following: a new computer system, a new
production machine, or controlling interest in
another firm. Successful salespeople identify other
realistic investment opportunities and then help the
prospect compare the returns of the various options.



                         67
Other methods of quantifying the
            solution
Among the many ways to quantify the solution are
 turnover, contribution mar­gin, accounting rate of
 return, and after-tax cash flows. Salespeople should
 use methods that are understandable to the
 prospect and reflect the prospect's unique needs
 and concerns




                         68
Dealing With The Jitters
►   Know your audience well
►   Know what you're talking about.
►   Prepare professional, helpful visuals.
►   Be yourself. Don't try to present like someone else.
►   Get a good night's sleep.
►    Recognize the effect of fear on your body
►   Visualize your audience as your friends-people
►   Psych yourself up for the presentation.
►   Think of the successes you have had in your life
►   Realize that everyone gets nervous before a
    presentation at times.

                             69
Handling special situations

                  •Their office
                  •Your office
The Setting for
                  •Restaurant
     the
                     a.Less interruptions
Sales Interview
                     b.Your prospect is obligated to listen
                     c.Non threatening atmosphere
                     d.Less stressful

                  Wait until the prospect's attention is completely back to
                  you.
                  •Restate the selling points that were of interest to the
Interruptions
                  prospect.
                  •Invite participation.
                  •Make sure interest has been regained, then proceed.

                  Offer to leave the room if the prospecy must take a call
 Phone Calls
                  •Turn off or silence your cell phone or pager.
                                      70
End of Chapter 10
Thank you

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Strengthening Presentations With Verbal & Visual Tools

  • 1. Strengthening The Presentation Chapter 10
  • 2. Important Questions Answered ► How can salespeople use verbal tools to strengthen the presentations? ► Why do salespeople need to augment their oral communication through tools such as visual aids, samples, testimonials and demonstrations? ► What materials are available to strengthen the presentation? Contd. 2
  • 3. Important Questions Answered ► How can salespeople utilise visual aids and technology most effectively? ► What are the ingredients of a good demonstration? ► Is there a way to quantify the salesperson’s solution to the buyer’s problem? ► How can salespeople reduce presentation jitters? 3
  • 4. Purpose of the presentation ► Knowledge ► Beliefs ► Desire/Need ► Attitude ► Conviction 4
  • 5. Three Essential Steps Within the Presentation 5
  • 6. The Purpose of the Presentation Main Goal •To sell your product to your customer. Provide •Features •Product knowledge via •Advantages •Marketing plan •Benefits of your •Business proposal. Allow buyer to develop positive personal attitudes toward your product. Other Goals •Attitudes result in desire (or need). •Convert need into want and into the belief that your product can fulfill a certain need. your product is best Convince the buyer that •you are the best source from which to buy. Fully Discuss Your Product •Features Three Essential Steps Within The •Advantages Presentation •Benefits 2.Present Your Marketing Plan. 3.Explain Your Business Proposition (value/cost comparison). Don't worry about making the perfect presentation. •It's more important that you truly believe in your product. Sellers typically presents 6-8 features or benefits in a presentation •Prospect remembers only one Facts About Presentations •39% of the prospects remember that one thing incorrectly 6 •49% percent remember something that was not even mentioned
  • 7. THE SALES PRESENTATION TOOLBOX Persuasive Communication Construct logical reasoning Seven factors that help you to be a based on: better communicator: •Major premise. I.Using questions. •Minor premise. II.Being empathetic. •Conclusion. III.Keeping the message simple. Make the presentation fun. IV.Creating mutual trust. •Personalize your relationship. V.Listening. •Build trust. VI.Having a positive attitude and •Use body language. enthusiasm. •Control the presentation. VII.Being believable. •Use the Paul Harvey dialogue. 7
  • 8. 8
  • 9. 9
  • 10. 10
  • 11. The Sales Presentation Goal Model 11
  • 13. The Ideal Presentation ► Your approach technique quickly captures your prospect’s interest and immediately finds signals that the prospect has a need for your product and is ready to listen ► The ideal prospect  Is friendly, polite, relaxed, listens  Says “yes” and enthusiastically thanks you ► Several weeks later you receive a copy of customer’s letter sent to your company’s president glowing with praise for you ► Sometimes it happens but many times there are difficulties 13
  • 14. Characteristics Of A Strong Presentation Characteristics of a presentation are:  Keeps the buyer’s attention  Improves the buyer’s understanding  Help the buyer remember what was said  Offers proof of salesperson’s assertions  Creates a sense of value Contd. 14
  • 15. Keeps the buyer’s attention A good salesperson knows that only talking is not enough. To keep the attention and interest of the prospects it is important to make use of humour and audio-visual devices. Unless the buyer actively involved in the communication process their attention will probably divert. The buyer's personality can also affect his or her attention span. For example, one would expect an amiable to listen more attentively to a long presentation than, say, a driver would. 15
  • 16. Improves the buyer’s understanding It is difficult to imagine a product or service by reading out a paper or listening about it. On the other hand, multiple-sense appeals .improves the understanding dramatically To help the prospect better understand, five basic channels may be used: the senses of hearing, sight, touch, taste, and smell. 16
  • 17. Help the buyer remember what was said A presentation is said to be successful if what is said is remembered afterwards. Studies show that we learn  1% from taste  2% from touch  4% from smell  11% from hearing (only 20% of this we retain)  82% from seeing we retain only 50% of what we hear and see 17
  • 18. 18
  • 19. Offers proof of salesperson’s assertions Presentation gives the salesperson an opportunity to prove what he/she claims to be true. Simple talk could be taken as mere claims without any proof. Most people just won't believe everything a salesperson tells them. Creating trust is very important. Communication tools provide solid proof to back up the salesperson's claims. 19
  • 20. Proof Statements Build Believability ► Past sales help predict the future ► The guarantee ► Testimonials ► Company proof results ► Independent research results  Restatement of the benefit before proving it  Proof source and relevant facts or figures about the product  Expansion of the benefit 20
  • 21. Proof Statements Help Prove What You Say 21
  • 22. Creates a sense of value The way a particular product is handled suggests its value without even using the words. Careful handling gives the impression of value even if no words are spoken. Careless handling implies that the product has little value. 22
  • 23. How To Strengthen The Presentation A seller should not just grab a method because it sounds trendy or because it worked in a previous sales call. Rather, a seller should strategically select methods and media that will helpfully address the needs of the buyer. This process includes responding to the buyer's unique style. The Basic tools to Strengthen the presentation are ► Verbal Tools ► Visual tools 23
  • 24. Verbal Tools ► Word pictures and stories ► Humour 24
  • 25. Word pictures and stories The power of the spoken word can be phenomenal. Stories o all types can be effective. ► If at all possible, use stories from your own life ► Make sure you have a reason for telling the story. ► Use the "hook" of the story to tie back directly into your presentation. ► Be accurate and vivid with the words you choose. ► Pace the story. ► Choose stories that fit your own style. Stories can be quite short-even a few sentences. 25
  • 26. Humour The wonderful effects of Humor will put everyone more at ease, including the salesperson. ► Don't oversell ► Don't apologize before telling a joke ► Identify any facts that are absolutely necessary for the punch line of the story to make sense ► Enjoy yourself while you're relating the humor by smiling and animating your voice and non-verbal. ► Practice telling the joke different ways to see which exact wording works best. ► Make sure your punch line is clear. 26
  • 27. Visual tools ► Charts ► Models, samples and gifts ► Catalogues and brochures ► Pictures ads, maps and illustrations ► Testimonials and Test Results 27
  • 28. Charts ► Know the single point the visual should make ► Use current and accurate information. ► Don't place too much information on a visual on a textual visual. ► Don't use complete sentences. ► Use bullets ► Don't overload the buyer with numbers. ► Recognize the emotional impact of colors and choose appropriate ones. ► If possible, use graphics ► Use consistent art styles, layouts, and scales ► Check your visuals closely for misspelled words, and other errors. 28
  • 29. Models, samples and gifts Visual selling aids such as models, samples, and gifts may be a good answer to the problem of getting and keeping buyer interest. Miniature models go to the interview as substitutes for products too large or bulky to transport easily. Depending on the service or product, samples can make excellent sales aids. Samples and gifts frequently help to maintain the prospect's interest after the call and serve as a reminder for prospects or customers who either buy or do not buy during the presentation 29
  • 30. Catalogues and brochures Catalogs and brochures can help salespeople communicate information to the buyer effectively. The salesperson can use them during presentations and then leave them with the buyer as a reminder of the issues covered. Brochures often summarize key points and contain answers to the usual questions buyers pose. Creatively designed brochures usually unfold in a way that enables the salesperson to create and maintain great interest while showing them. 30
  • 31. Pictures ads, maps and illustrations Pictures are easy to prepare, are relatively inexpensive, and permit a realistic por­trayal of the product and its benefits. Photographs of people may be particularly effective. For example, leisure made possible through savings can be communicated via photographs of retired people at a ranch, a mountain resort, or the seashore. Illustrations drawn, painted, or prepared in other ways also help to dramatize needs or benefits. Copies of recent or upcoming ads may contribute visual appeal. With new technology, even detailed maps can be easily developed. 31
  • 32. Testimonials and Test Results Testimonials are statements, usually letters, written by satisfied users of a prod­uct or service. These letters commend the product or service and attest that the writer believes it to be a good buy. The effectiveness of a testimonial hinges on the skill with which it is used and a careful matching of satisfied user and prospect. Salespeople can also use test results to strengthen the presentation. Tests on the product or service may have been conducted by the seller's firm or some third-party organization 32
  • 33. The Visual Presentation–Show and Tell ► Increase retention ► Reinforce the message ► Reduce misunderstanding ► Create a unique and lasting impression ► Show the buyer that you are a professional 33
  • 34. Use of Sales Aids The Organizer A series of visuals that go step by step through the sales process. (eg A flip chart) Built around benefits •Fosters 2 way communication Company prepared organizers •Leads to the close •Gets the whole story out in less time •Keeps the presentation on track •Personal letters of reference Supplements that you should add •Business cards of clients •Pictures of clients using the product •Pictures of finished installations Other Audiovisual Aids Computers The most popular •Videos Audiovisual Aids •Slides •Presentation software use is growing Rehearse them! •Customize them to fit each individual customer. •Make them simple, clear, and straight forward. •Control the demonstration. Guidelines for Using Visual Aids, Dramatics, •Make the demonstration true to life. Demonstrations. •Encourage prospect participation. •Incorporate trial closes (nail downs) after showing or demonstrating a major feature, advantage, or benefit in order to determine if it is 34 believed or important to the prospect.
  • 35. Make Your Statements Visual Simile a comparison statement using the words "like" or "as" implied comparison that uses a contrasting word or phrase to evoke a vivid Metaphor image. Analogy compares two different situations which have something in common. Past sales help predict the future. •The guarantee. •Testimonials. •Company proof results. •Facts and Statistics Proof •Demonstrations - show the product in use Statements •Testimonials 1.Have your referral call the prospect 2.Bring letters •Samples - appeal to the senses if possible •Case Histories Independent Restate the benefit before proving it. research •State the source and relevant facts or figures about the product. results •Expand of the benefit. Ask Questions. •Product use. •Visuals. Induce Participation •Demonstrations. •Listen •Encourage the prospect to ask questions Increase retention. •Reinforce message. The Visual •Reduce misunderstanding. Presentation •Create a unique and lasting impression. Show and Tell •Show your buyer you35 a professional. are •VISUAL AIDS HELP TELL THE STORY
  • 36. Media Used to Display Visual Tools ► Sales Portfolios ► 35 MM Slides ► VCRs ► Computer H/W and S/W ► Visual Projectors 36
  • 37. Sales Portfolios Portfolio, which is simply a paper-based collection of visual aids, often placed in some sort of binder or container, that can be used to enhance communication during a sales call. the portfolio should contain a broad spectrum of visual aids the salesperson can find quickly should the need arise. Portfolios can also be carried in a binder. The contents may be labeled by tabs and punched to fit rings in a binder. Binders make the material easy to find and are convenient to carry and use. 37
  • 38. 38
  • 39. 35 MM Slides Slides have been effective selling aids for years. An advantage of slides has always been the relatively low cost of producing them. Also, salespeople can easily tailor the show to any buyer simply by remov­ing and/or reordering the slides. The most effective slide shows utilize multiple projectors and multiple screens along with a stereo sound track 39
  • 40. VCRs VCRs improve on slides in that the former portray action. Salespeople use VCRs to help the buyer see how quality is manufactured into the product, how others use the product or service and promotional support offered with the product. VCRs are used not only by salespeople in one-on-one and group presentations but also at trade shows and for training the buyer's employees after the sale. 40
  • 41. Computer H/W and S/W More and more salespeople have adopted laptop computers, notebook computers, and palm PCs for use in sales calls. The beauty of these devices is their capability to store large amounts of easily retrievable information, including text, audio, video, and still images. Inputting all of this data is made much easier with the increasing sophistication of scanners, digital cameras, and software A phrase has been coined, digital sales assistant (DSA), to indicate any software tool that is designed to help salespeople get their message across. Computers not only offer excellent visuals and graphics but also allow the salesperson to perform what-if analyses 41
  • 42. Tips for the use of Computer H/W and S/W  Don't develop so many slides that you are going to drown your prospect.  Don't get carried away by using every tool in the DSA.  Don't cram too much information on a slide.  Keep the text big. And use colors strategically.  If you're going to showcase Web pages as a part of your presentation, it may be wise to download the pages into your presentation software instead of using a live Internet connection 42
  • 43. Visual Projectors Traditional overhead projectors can be an effective visual medium. The image projected on a wall can be up to 25 times larger than that on a written page, drawing more attention and creating greater impact. Such projectors are noiseless and simple to operate. Overhead transparencies can be made quickly and inexpensively on a copier or computer printer. 43
  • 44. Tips For Visual Projectors  Face your audience, not the screen. And don't block anyone's view with your body or the projector itself.  Change your transparencies smoothly and never leave an empty screen.  Tape the power cord to the floor to keep yourself from tripping over it!.  Have a spare bulb. If you have no light you have no presentation. 44
  • 45. Product Demonstrations One of the most effective methods of appealing to the buyer's senses is through product demonstrations, or performance tests. Customers and prospects have a natural desire to prove the product's claims for themselves. Obviously, the proof is much more satisfying and convincing to anyone who is a party to it. Some products can be sold most successfully by getting the prospect into the showroom for a hands-on product demonstration. Showrooms can be quite elaborate and effective. 45
  • 46. Demonstrations Prove It A successful demonstration ► Lets the prospect do something simple ► Lets the prospect work an important feature ► Lets the prospect do something routine or frequently repeated ► Has the prospect answer questions throughout the demonstration (feedback) 46
  • 47. Seven Points to Remember about Demonstrations 47
  • 48. Demonstration Catch the buyer's interest •Fortify your points •Help the prospect understand A well planned •Keep you interested and enthusiastic demonstration will •Cut down on the number of objections •Help you close •Get the prospect "involved" Concentrate the Prospect’s Attention on You Planning a •Demonstrate Your Interest in the Prospect - start off by handing them Demonstration something •Demonstrate Benefits not features Getting Let the prospect do something simple. Participation •Let the prospect work an important feature. in a •Let the prospect do what he would frequently do. demonstration •Ask the prospect questions throughout the demonstration. Is the demonstration needed and appropriate? •Have I developed a specific demonstration objective? •Have I properly planned and organized the demonstration? Sales •Have I rehearsed to the point that the demonstration flows smoothly and Demonstration appears to be natural? Checklist. •What is the probability the demonstration will go as planned? •What is the probability the demonstration will backfire? •Does my demonstration present my product in an ethical and professional manner? "You know your product better than you know how your client's business The salesperson's can use it." curse •You must determine what kind of buying decision to recommend to the 48 prospect
  • 49. Reasons for Using Visual Aids and Demonstrations ► Capture attention and interest ► Create two-way communication ► Involve the prospect through participation ► Afford a more complete, clear explanation of products ► Increase a salesperson’s persuasive powers by obtaining positive commitments on a product’s single feature, advantage, or benefit ► People receive 87 percent of their information on the outside world through their eyes and only 13 percent through the other four senses ► The addition of participation is much more persuasive than dramatization alone 49
  • 50. Handouts Handouts are written documents provided to buyers to help them remember what was said. A well-prepared set of handouts can be one of the best ways to increase buyer retention of information, especially over longer time periods. A common practice is to make a printed copy of the overheads and give that to the buyers at the conclusion of the presentation. 50
  • 51. Tips for Hand outs ► Don't forget the goal of your meeting. ► Make sure the handouts look professional. ► Don't cram too much information on a page. ► Don't drown your prospect in information. 51
  • 52. Written Proposals  The RFP process  Writing proposals  Presenting the proposal 52
  • 53. The RFP process A document issued by a prospective buyer asking for a proposal may be called a request for proposal (RFP), request for quote (RFQ), or request for bid (RFB). The RFP should contain the customer's specifications for the desired product, including delivery schedules. RFP are used when the customer has a firm idea of the product needed. when the resulting product truly meets the needs of the customer, that outcome is only fair. 53
  • 54. Writing proposals Proposals do the selling job when the salesperson cannot be present. A key issue is keeping the customer's needs in mind. Always write down what the customer needs during the initial meeting. If not, two days later the salesperson will have forgotten some details she or he wanted to cover in the proposal. Proposals, then, have three parts ► An executive summary ► A description of the current situation in relation to the proposed solution ► A budget 54
  • 55. 55
  • 56. Presenting the proposal Prospects use proposals in many different ways. Proposals can be used to con­vince the home office that the local office needs the product, or proposals may be used to compare the product and terms of sale with those of competitors. When the proposal is going to be sent to the home office, it is wise to secure the support of the local deeision maker. Although that person is not the ultimate decision maker, the decision may rest on how much effort that person puts into getting the proposal accepted. 56
  • 57. Each unit or mini presentation consists of five elements Buying Motives To Associate With A Benefit I.Feature II.Benefit III.Buying motive associated with this benefit IV.Evidence or •Quality proof statements •Convenience V.Nail down or trial •Cost saving close •Status •Security 57
  • 58. Features Benefits •Benefits are the value to the customer •Translating features into benefits is one of your most •The components of your product or important skills service •Transitional phrases •They are the same no matter who connect features to benefits uses the product or service. •Because .. •This lets you … •That means … •What this gives you 58
  • 59. Units of Conviction Concise, carefully prepared "mini presentations" •Building blocks in constructing the information you present. •Prepared ahead of time •Practiced until you are comfortable •Add them to your store of available options for later use. •Become a permanent part of your selling arsenal. •Learn how to personalize units of conviction •Recall them in the best order for helping the prospect see them clearly 59
  • 60. Feature benefit worksheet •You need to develop a general sheet •A specific sheet for each customer The Nail Down or Trial Close Nail Down or Trial close should always be made •A yes/no question that confirms that the prospect agrees that the benefit is applicable •If the prospect says no then go back over this benefit •After making a feature - benefit sequence •This gives you feedback and builds commitment •After the presentation. •After answering an objection. •Immediately before you move to close the sale Forms of Nail Downs (Trial Closes) Hasn't he? Haven't they? Aren't They? Don't you agree? Hasn't she? Wasn't it? Aren't you? Don't we? Isn't it? Won't they? Can't you? Shouldn't it? Isn't that right? Won't you? Couldn't it? Wouldn't it? Didn't it? Doesn't it? Standard Nail Down Put the nail down at the end Example: "After seeing this feature you can really see the benefit. Can't you?" Inverted Nail Down Put the nail down at the beginning. Example: "Can't you see the benefit of this feature?" Internal Nail Down Embed in the middle of the sentence. Example: "After seeing this feature, can't you see the benefit?" When the customer says something positive, reinforce with a nail Tag on Nail Down down. 60 Customer: "I can see the benefit of that feature." Example: Seller: "Can't you?"
  • 61. Quantifying The Solution Salespeople can strengthen the presentation by showing the prospect that the cost of the proposal is offset by added value; this process is often called quantify­ing the solution. ► Simple cost-benefit analysis ► Comparative cost-benefit analysis ► Return on investment ► Payback period ► Net present value ► Opportunity cost ► Other methods of quantifying the solution 61
  • 62. Simple cost-benefit analysis Perhaps the simplest method of quantifying the solution is to list the costs to the buyer and the savings the buyer can expect from the investment, often called the simple cost-benefit analysis. For this analysis to be realistic and meaningful, information needed to calculate savings must be supplied by the buyer. 62
  • 63. Comparative cost-benefit analysis In many situations the salesperson also provides a comparison of the present sit­uation's costs with the value of the proposed solution. Or the salesperson com­pares his or her product with a competitor's product. 63
  • 64. Return on investment The return on investment (ROI) is simply the net profits (or savings) expected from a given investment, expressed as a percentage of the investment ROI = Net profits (or savings) + Investment 64
  • 65. Payback period The payback period is the length of time it takes for the investment cash outflow to be returned in the form of cash inflows or savings. To calculate the payback period, you simply add up estimated future cash inflows and divide into the investment cost. If expressed in years, the formula is Payback period = Investment / Savings (or profits) per year 65
  • 66. Net present value A tool to assess the validity of an opportunity is to calculate the net present value (NPV), which is simply the net value today of future cash inflows (i.e., dis­counted back to their present value today at the firm's cost of capital) minus the investment. The actual method of calculating NPV is beyond the scope of this book, but many computer programs and calculators can calculate NPV quickly and easily. NPV=Future cash inflows discounted into today dollars - Investment 66
  • 67. Opportunity cost The opportunity cost is the return a buyer would have earned from a different use of the same investment capital. Thus a buyer could spend $100 million to buy any of the following: a new computer system, a new production machine, or controlling interest in another firm. Successful salespeople identify other realistic investment opportunities and then help the prospect compare the returns of the various options. 67
  • 68. Other methods of quantifying the solution Among the many ways to quantify the solution are turnover, contribution mar­gin, accounting rate of return, and after-tax cash flows. Salespeople should use methods that are understandable to the prospect and reflect the prospect's unique needs and concerns 68
  • 69. Dealing With The Jitters ► Know your audience well ► Know what you're talking about. ► Prepare professional, helpful visuals. ► Be yourself. Don't try to present like someone else. ► Get a good night's sleep. ► Recognize the effect of fear on your body ► Visualize your audience as your friends-people ► Psych yourself up for the presentation. ► Think of the successes you have had in your life ► Realize that everyone gets nervous before a presentation at times. 69
  • 70. Handling special situations •Their office •Your office The Setting for •Restaurant the a.Less interruptions Sales Interview b.Your prospect is obligated to listen c.Non threatening atmosphere d.Less stressful Wait until the prospect's attention is completely back to you. •Restate the selling points that were of interest to the Interruptions prospect. •Invite participation. •Make sure interest has been regained, then proceed. Offer to leave the room if the prospecy must take a call Phone Calls •Turn off or silence your cell phone or pager. 70