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How to Present Presenting Your objectives in this step of selling are: To create a differential competitive advantage for your product with an overwhelming weight of evidence To create value for your product To build desire for your proposal To establish conviction that your proposal is the best one To get a commitment Next steps A meeting with appropriate decision makers To move the sale forward – up the Sales Ladder CUSTOMER The Sales Ladder Steps of Selling Repurchase Repurchase Satisfaction Action Conviction Desire Interest Servicing Negotiating and Closing Presenting Generating Solutions Identifying Problems Prospecting Attention Rackman Advertising Repurchase Repurchase Implementatio n Reinforce and Remind Resolution of Concerns Adoption Evaluation of Alternatives Induce Trial Recognition Of Needs CUSTOMER Communicate Information Create Awareness PROSPECT Sources: Gerald L Manning and Barry L Reece 1990 Selling Today: A Personal Approach Boston: Allyn and Bacon; Neil Rackham 1989 Major Account Selling Strategies New York: McGraw Hill PROSPECT One-on-One Presenting Structure calls to take prospects up the Sales Ladder Call structure allows you to set the agenda and to keep your calls focused on selling/educating, not extraneous matters Call Structure Greeting New information Opening Recap and purpose Discussion – – – Dealing with objections Conditions Discussion tactics Summary and close Dealing With Objections Probe to understand Compliment, restate, and get agreement Empathize, reassure, and support (feel, felt, found) Use trial closes Forestall objections Use “Yes, but…” and compare Use case histories (case studies) Use “coming to that…” Pass on objections Dealing With the Price Objection Continually talk about quality – Sell a Patek Philippe Break price into smallest possible units Talk value, not price Refer to investments, not costs Conditions Recognize conditions Can’t overcome conditions Discussion Tactics Vary your style – – – Contrast Movement Novelty Use equivalencies Narrow down objections and reconfirm Change the basis for evaluation Reassure doubts Evaluate reactions How to Use Your Presentation One-on-One Hard copy – one page at a time Hard copy - follow along (highlight points) Hard copy – let them read, you shut up – Except for questions Evaluate physical space – – Sit as close as comfortable Side by side if possible Presenting to Groups Use PowerPoint, Flash, or Prezi Presentations Zen (visuals) Clearly define your objectives beforehand Preparation – – – – Who Where When How Write a script Rehearse, rehearse, rehearse Preparation (continued): – – – Know your subject thoroughly Understand your audience Energetic delivery The Presentation Open Main body of content Summary Conclusion and next steps (commitment) – Ratchet up your passion and make it memorable Debrief Delivery Tips Fit your style to audience expectations Poise and confidence Love your product Be concise Remember WIIFM Jeep jargon to a minimum “We’re number one” never sold anything No negatives Don’t be defensive Delivery Tips Smile Establish eye contact with everyone Vary your voice Use people’s names Be careful about injecting humor Involve the audience Tap into the decision maker’s emotions Keep going Laugh it off Be yourself and have fun Delivery Tips Use slides as a prompt for your narrative –don’t read slides Face the audience, talk to individuals (especially the decision maker) Announce up front how you’re going to handle questions Don’t hand out hard copies beforehand Killer Presentation Checklist First slide with company’s name, logo, and a catchy theme that communicates that you understand its challenges and suggests a partnership Second slide with a concise Introduction which includes a statement of the purpose of the presentation Agenda items or a Table of Contents A list of the prospect's marketing and advertising goals A list of the prospect's challenges in achieving those goals Killer Presentations 10 11 A statement of the prospect's current strategy in achieving marketing and advertising goals (differentiation, focus, low-cost producer, e.g.) A description of the prospect's primary customers/target audience An identification of opportunities that are solutions to the prospect's problems and challenges Present the advantages of your solution over your competition, but don't knock the competition Present the benefits of your solutions (schedules, campaigns, packages, etc.) to the prospect's challenges Show specifically how the solutions and recommendations will make their business more profitable Use an ROI analysis if appropriate Killer Presentations Show relevant success stories and case studies from similar customers as proof of your ability to perform and get results Show terms and conditions if they are different from standard terms and conditions in your medium A concise Summary of the main benefits and solutions A Conclusion or Next Steps, both for you and for prospects to implement the proposal and/or to advance the partnership, which is a call for action or commitment An Appendix containing numbers and supporting information Your Presentation Must be better, more persuasive, more customer-focused, and offer more solutions than your competitor’s presentations Have you seen what you’re up against?