PERSONAL SELLING AND SALES PROMOTION Flashcards
It is a Interpersonal influence process involving a sellers promotional presentation on a person to- person basis with the buyer.
PERSONAL SELLING
method of retail in which products are sold directly to consumers through a sales counter, typically in a physical store.
Over-the-counter selling
the practice of sales representatives meeting and engaging with potential clients and customers outside of the company’s premises, typically at the customer’s location, such as their home, office, or a public place.
Field Selling
Promotional presentation involving the use of the telephone on an outbound basis by salespeople or on an inbound basis by customers who initiate calls to obtain information and place orders.
Telemarketing
Involves a company initiating calls to potential or existing customers to promote products or services, conduct surveys, or follow up on previous interactions.
Outbound Telemarketing
involves handling incoming calls from customers who respond to marketing efforts, such as advertisements, mail campaigns, or digital promotions.
Inbound Telemarketing
selling products or services remotely from within an office setting, typically via phone, email, video conferencing, and other digital communication channels.
Inside Selling
Is a sales approach that focuses on building long-term relationships with customers rather than just making immediate sales.
Relationship selling
sales approach where the salesperson acts as an advisor or consultant, helping customers identify their needs and offering solutions that best meet those needs.
Consultative selling
Offering additional products or services to existing customers, leveraging the established relationship for increased sales and customer satisfaction.
Cross selling
is a collaborative sales approach that involves multiple members of an organization working together to close sales and provide comprehensive solutions to customers.
Team selling
is a marketing strategy that involves short-term incentives or activities designed to stimulate interest, encourage purchases, or boost sales of a product or service.
SALES PROMOTION
designed to directly target end consumers to stimulate immediate sales, increase brand awareness, encourage product trial, and build customer loyalty. These promotions often involve offering incentives or rewards to consumers to incentivize purchases, create excitement around a product or service, and differentiate a brand from competitors.
CONSUMER ORIENTED SALES PROMOTION
Sales promotion technique that offers a discount on the purchase price of goods or services.
Coupon
Cash given back to consumers who send in proof of purchase for one or more products.
Refund