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Banking & Insurance Professionals

 
Activity:  255 views;  last activity : 09 23 2010 01:47:35 +0000

 We see lot of people fail in sales. where in they see not mistake of their's but sill they are not been able to make their mark on customers mind.

 
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customer buys what he wants Vs customer buys to please sales men.
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sales is mainly based on customer needs and wants but this only not enough to buy any product but there is also an effective convince by salesman.................


By ajeet , MBA/PGDM student, surana p g centre bangalore  | 09 23 2010 01:47:35 +0000
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Customers now a dayhave more knowledge of a productor services than the sales persons themselves. Customer's have thousand questions in mind, sales persons have few crammed anwers and booklets with them. Sales person think of a product, more in terms of an offer to be made for achieving the targets, customer look at the product from usage point of view.
Go to any website, type in aprodct name and thousands of reviews would already be there, knowledge have increased multiple times, moreover the purchasing value of money is decreasing day by day, the thing that used o cost 100 rupee at one point of time, now cost 500. So the customer goes for the best deal and converting aprospect customer into a sales merely by stating the same old things is not easy.
Customer will go for a product only if there is a need, not because the sales person has something to offer.

If customer starts buying, whatever the sales persons have to offer, no company would ever fail, be it a short run or long run. The curve will never go to recession or depression.The whole Economical laws would be different.


By Mamta Sachdeva, Business Development Manager, Web designing  | 07 23 2010 12:38:30 +0000
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The needs and wants are always restricted to customer..what ever will satisfy them that only they will purchase.. Sales people are there u assist .. Money matters a lot ..nobody want to invest in something just to please a sales people ..


By Sudeep Shaw, Business Development Manager, Browne & Mohan  | 07 23 2010 10:27:12 +0000
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Customer buys what he wants. Before becoming a customer for a scheme or a product a bank, the customer analyses the customizability of the product to his future and present needs, the risks he faces in the product and also the cost effectiveness of the product.

However banks try to mass sell a single product without looking at the customer's needs and aspirations. The result is a low prospect to customer conversion rate.


By Venkat C S, Business Analyst - Risk and Pricing, Genpact India  | 07 23 2010 05:51:45 +0000
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Awareness among the customers has increased, gone  are the days when the customers fall prey to salesmen's salesman skills. With the development of technology and internet the customers are gaining access to all the information related to the products. He compares among different products and then decide which to buy and which not to. Now the job of a sales men becomes more difficult. Todays salesmen needs to equip themselves with lot of product knowledge and other related skills, to convince a customer.


By B.Kiran kumar, Insurance Trainer, Bima Institute of Insurance  | 07 23 2010 05:50:59 +0000
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Yes customer buys what he wants, so if you are trying to sell a wrong product to a wrong customer you fail. So before approaching a customer understand his needs and wants and then sell ur product....  


By Saswat Chakrabarti, Sales Manager, Exide Inds  | 07 22 2010 12:19:50 +0000
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He/ She should be in some areas like communication, building newtwork and good relations, proper planing and implementation, failure of commitments to customers and fals commitments e.t.c. When he/she cross over this problems definately they would be leaders in sales
By Yugandhar , Assistent Manager - Cost & General Accounts  | 07 22 2010 09:17:40 +0000
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I am surprised sales people fail. Yes if he or she is pusher. knowledge is power nd if sales person have good knowledge about the product or scheme nd last but not the least excellant PR fail rate will be vey les
By mira , Freelancer, Insurance  | 07 21 2010 07:27:01 +0000
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Don't only be a sellu be a solution provider. and do not work on chipkau formula work on customer delight more.
By HEMANT VERMA, Marketing and Branding, NAVNEET PUBLICATION INDIA LTD.  | 07 21 2010 05:07:56 +0000
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This i am bringing for one of the questions which was been asked to me personnaly on too step. 

The success ratio in sales among the sales people is very low, reason the very apporch towards the customer, Customer buys what he wants, but the common mistake that sales people do is they sell what they want. thats why prospect dont buy from them, simple funda to succeed  in sales is the power of presentation, sell what you have but present it from customers point of view,  its that simple.  use your words in customers language,

Product can be any thing when customer seen somting for him he will definately get inclined to it. so simple start using languane like" I got this thing for you , insted " I have this will you buy it".

There are many way of presentation and every individual got his own way to present it. but this one is


By yogesh deshpande, Management consultant for Sales, leadership, Wealth mangerment and self help,  | 07 20 2010 07:11:30 +0000
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