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Started by : Mohit Aggarwal, Sales/BD Manager, Oracle   06 24 2009 13:27:25 +0000
Industry : Consumer DurablesFunctional Area : Communication(Sales & Marketing)
Activity:  351 views;  last activity : 04 27 2011 11:47:37 +0000

Every sales professional uses a sales pitch to gain advantage in selling their product. It could be either formal or informal and might be delivered in number of ways. I know of so many sales professionals who follow a specific format or guideline when developing a sales pitch. A sales pitch must accomplish several things in a short amount of time. So friends, can we identify the most effective way of creating a good sales pitch?

 
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1 2 3 4 5
1 Involving to evolving
2 Simple actually. Think of ur sales presentation as a 30 second TV ad.
3 First Impression
4 Know the corect role of every member of buying centre
5 Build Rapport and trust
6 highlight the USP's of your product
7 sales = buying behaviour of customer
8 How do you creat a good sales pitch? - The question itself wrong...I am not finding any clarity..
9 more visits - more fruits.

Involving to evolving

idea posted by Sanjay Kaushik Resource, TalentEquity Solutions

Any sales pitch should revolve around the target audience. We need to customize our approach everytime, as per the requirement of our customer. We need to involve our customers so we can be empathetic in our pitch. And if we can assure our customer that this is going to benefit you or this is what you wanted, done with the job!

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Ur idea is only for banking products....Insurance, Investments etc., U missed out other's.

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bsolutely!! Good one Sanjay :))

Get the prospect to be interested in you and what you are selling. Take him through the process of how and what... Way to go!!

2
  

YOU RIGHTLY SAID IT SHOULD BE INVOLVE TO EVOLVING THAT SEEMS TO BE THE RIGHT STRATEGY.

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Simple actually. Think of ur sales presentation as a 30 second TV ad.

idea posted by Arunangshu M Lahiri Chief Executive & Analyst, Xannet Technologies

a tv ad is one sided talk. No chance for listening to consumer objection or replying to that. So what it does is to POSITION the product to the mass audinece in the hope that enough people who identify themselves with that particular positioning will be sufficiently moved.

So, first find the ONE primary solution it offers to a TYPE of customer. One has to understand very early in the selling career that you can't sell to everybody. So instead of wasting time on non-prospects (people who are NOT affected by the solution you are offering via your product), one needs to spend the time to prospecting for the right type of potential clients.

Let me give an example, my own selling pitch. I sell a very costly (Rs 35000 for 5 days) training program for Stock Market Intraday Trading system. It is high priced because the program is extremely effective and enables the user to earn Rs 2000-10000+ DAILY with very little risk.

Because of its high price, I hv decided to position the service to persons who are not happy with their economic position and are open to considering a new  career option.

1. Most wannabe small businesswallah wants to open a shop. It is v costly to start. A shop needs several lacs of rupees in real estate, then stocks. Outcome is uncertain. To them, stock market trading is a lucrative proposal. Can be started on Rs1 lac.

2. Software guys, techies, hv been earning hugely but are v disgruntled lot. Young people who finds little life after extensive pressure of the job. Miss their wives, kids and are fed up of the pressure. They want a switch but to something which can bring in high income as they are accustomed to.

3. Elderly persons unable or unwilling to commute daily or get into the grind again as required in MLM schemes.

4. Mid-level managers stuck in unrewarding jobs and looking for a breakout into higher income zone.

Once the prospects (types) are identified, comes the identifying the PRIMARY benefit offer. It can be different and vary from one group to another.

The benefit is promise of higher income with little efforts (both physical, mental) and minimum of risk.

Who can ignore such an offer.

Now making it in a pitch, like they do in Tv ads. A strong idea delivered memorably. Only problem is as a salesman you can't be as theatrical in your presentation as Amir Khan could do dressed as a joker in the Taare Jamin Paar scene. So we make the offer carry sufficient weight to make the prospect deeply interested and excited.

Mr Agarwal, I am Arunangshu M Lahiri. I have developed a software based stock market trading system which enables u to earn 2 thousand  to 10000 rupees daily, from Intraday trading. More than 1200 persons have become full time intraday traders after learning my system. Would u like to attend live trading?

 

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by Mohit Aggarwal, Sales/BD Manager, Oracle  | 02 03 2010 14:07:21 +0000

Amazing comment Mr. Arunangshu I loved it. Thanks for sharing your idea. Its pleasure meeting you on TooStep. Yes I saw you insight on intraday, it was interesting. 

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First Impression

idea posted by Mohit Aggarwal Sales/BD Manager, Oracle

Half the battle can be won with the opening statement or otherwise, first impression. I think it is the most critical part of any sales and it should be crafted with the utmost care. Whether you are face to face with a prospect, communicating through direct mail, media, or even in the yellow pages, what is said here determines whether your prospect is going to listen eagerly or shut the door in your face.

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The first step is preparation /home work. Before an entry is made, we have to gather as much information possible about the prospect and it may include personal, professional, corporate backgrouund, products dealt, current challenges faced by the prospect etc.. etc..

A sales person works like a sponge soaking up all the information that he could gather about the prospect using all his contact and skills.

This detailed profile developed during the pre-appraoch will shape the initial communication and first contact with the prospect.

There are five basic steps to creating a good sales pitch

1.Getting Attention, 2. Sustaining interrest, 3. Convincing your prospect, 4. Arousing desire and 5. Closing the sale.

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Know the corect role of every member of buying centre

1
  

It is important to understand & identify the role of every member of buying centre as each member would like to ensure his business & personal needs are being satisfied . With this perspective in mind we can customise our sales pitch during our interaction , generate confidence  build a good image & rapport .

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Build Rapport and trust

idea posted by Rupali Business Manager, H & R Johnson

Before we talk about the Sales Pitch, we need to understand the basic mentality of any buyer.

In India, business is still done through relationships. Building rapport and trust in the first few minutes/meetings will be essential to create a foundation for a sales pitch. For creating rapport you need to look at things and understand them through the customer/consumers point of view. This can only be done by taking time to ask a few good questions. My experience on field as well as off field is that sales people should be unassuming. They should be able to meet the consumer/ customer with a fresh mind without any prejudice, or assumption. then only they will be able to relate to the customer. This will assist him to have a viewpoint of the customer, to relate to, and can form a base for a new fruitful relationship.

And if form a good relation with the customer, he will surely buy and come back to you again.

 

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by Ramdas Pawar, Sales/BD Manager, Flex  | 09 03 2009 06:09:52 +0000

I agree with Ms Rupali, not only in India, but in any cornet of world building Good Rapport and trust is the basis of good business and sales pitch.

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highlight the USP's of your product

idea posted by chandrasekar MARKETING MANAGER, LAFARGE

Highlight the USP's or Competitive Edge of your product. Convince and satisfy the customer by supportings and close the deal successfully.Identify the target customer, highlight your product's USP one by one, do open and close probe successfully, satisfy his needs by highlighting your product's USP's. Follow this approach with proper supportings, i am sure , u will get a loyal customer for life time.

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by chandrasekar , MARKETING MANAGER, LAFARGE  | 04 27 2011 11:47:37 +0000

Interesting to hv this topic as all marketing guys love to pool their ideas on it. I second lafarge man's idea. Chandrasekar Subramanian, Marketing Manager, Zuari cements - Italcementi group

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sales = buying behaviour of customer

idea posted by mvskirankumar MBA/PGDM student, ambedkar institute of management studies

when its target to potential customer and identify the needs of the customer then its easy create the sales path..

 

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How do you creat a good sales pitch? - The question itself wrong...I am not finding any clarity..

idea posted by Shanmugasundaram CEO/MD/Director, Safnnite Solutions India Pvt.Ltd

The question itself wrong... The question supposed to be very particular. Like how for consumer goods? FMCG ? How for Banking ? Insurance ? Fashion accessories ? Ornaments ? Cloths ???

The product positioning and advertisement has to be made,approach for sales will differ according the peoples income level.

Consumer goods and FMCG will differ from all others.

Indian Market is not a Organised market.Each and every corner there will be petty shop and every small retailers will have his own customer network / relationship.

As for as now indian market is running by the retailers influence at most of the places.

Media advertisements,and all those promotional activites are jsut to inform people about the products,brand..Thats it.

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Excuse for the error.

The product positioning,advertisements and aproach for sales will differ according to products ,ultimate customers as followed by income level. Products to products,the product creating good sales pitch will differ.

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more visits - more fruits.

idea posted by v s sastry _ akella Head/VP/GM-Marketing, jayakumari ice and cold storage p ltd.,
Being a sales personal you never be tired to meet the customer. The job itself indicates 24x7.... there is no holiday, festival or any other thing. When the sale is closed until the last item is sold or get order.
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