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The document discusses four main theories of selling:
1. The AIDAS theory proposes that during a successful sales interaction, the prospect's mind passes through five stages - attention, interest, desire, action, and satisfaction. The sales presentation must guide the prospect through these stages.
2. The "right set of circumstances" theory emphasizes creating the proper conditions for a sale.
3. The "buying formula" theory views selling from the buyer's perspective.
4. The behavioral equation theory takes into account both the buyer's decision process and the salesperson's influence on the buyer.
The document discusses four main theories of selling:
1. The AIDAS theory proposes that during a successful sales interaction, the prospect's mind passes through five stages - attention, interest, desire, action, and satisfaction. The sales presentation must guide the prospect through these stages.
2. The "right set of circumstances" theory emphasizes creating the proper conditions for a sale.
3. The "buying formula" theory views selling from the buyer's perspective.
4. The behavioral equation theory takes into account both the buyer's decision process and the salesperson's influence on the buyer.
The document discusses four main theories of selling:
1. The AIDAS theory proposes that during a successful sales interaction, the prospect's mind passes through five stages - attention, interest, desire, action, and satisfaction. The sales presentation must guide the prospect through these stages.
2. The "right set of circumstances" theory emphasizes creating the proper conditions for a sale.
3. The "buying formula" theory views selling from the buyer's perspective.
4. The behavioral equation theory takes into account both the buyer's decision process and the salesperson's influence on the buyer.
Ch.2 Theories of Selling Selling-art by some /science by others.
Two contrasting approaches
First approach -experiences of successful
salespeople/ advertising professionals.
Success-practical/learned through experience
psychology -apply it in sales situations. These selling theories emphasize the what to do and how to do rather than the why.
Experiential knowledge-years of living in the
market rather than on a systematic, fundamental body of knowledge.
Second approach -behavioral sciences.( John A.
Howard- Columbia Graduate School of Business)
Apply the findings of behavioral science to analysis
of buying behavior - behavioral equation -unified theory of buying and selling. Four theories :
the first two, the AIDAS theory and the right set of circumstances theory, are seller oriented.
The third, the buying formula theory of selling, is
buyer oriented.
The fourth, the behavioral equation, emphasizes the
buyers decision process but also takes the salespersons influence process into account. AIDAS Theory of Selling AIDAS theory-attention, interest, desire, action and satisfaction- sales training programs are organized.
William James
During the successful selling interview the prospect's mind
consciously passes through five successive mental states : attention, interest, desire, action and satisfaction.
The sales presentation must lead the prospect through
steps in the right sequence if a sale is to result. (i) Securing attention: Prospect into a receptive state of mind
The sales person has to have a reason, or an excuse for conducting
the interview. If he has previously made an appointment, this phase presents no problem, though experienced sales personnel say that even with an appointment, a sales person must possess considerable mental alertness; and be a skilled conversationalist, to survive the start of the interview. As the prospect realizes the caller is bent on selling something, the sales person must establish good support at once. He needs an ample supply of "Conversation Openness". Among other things, favorable first impressions are assured proper attire, neatness, friendliness, amid a genuine smile just before the interview. Skill sales personnel often decide up on conversation openness so that those remarks are about the prospects if they are favorable comments about the prospect's business. A good conversation opens causes the prospect to relax and sets the stage for total presentation.