Question

In: Operations Management

Assume that you are a salesperson who calls on retailers. For some time you have been...

Assume that you are a salesperson who calls on retailers. For some time you have been attempting to get an appointment with one of the best retailers in the city to carry your line. You have an appointment to see the head buyer in one and one-half hours. You are sitting in your office. It will take you about 30 minutes to drive to your appointment. Outline what you should be doing between now and the time you leave to meet your Prospect.

Solutions

Expert Solution

THINGS TO DO BEFORE MEETING THE PROSPECT

1) GATHER MATERIAL ESSENTIAL FOR THE MEETING- Salesperson should always arrive prepared with an agenda. It doesn't matter how simple the discussion maybe, a salesperson should begin with a simple outline of talking points. It serves as a great opportunity for him to differentiate himself from competitors, communicate his level of brand awareness and determine the focus of discussion. A salesperson should prepare the agenda before the meeting and prepare a hardcopy for everyone attending the meeting.

Other questions to consider-

  • Am I walking my prospect through a sales presentation?
  • Do I know what, if any, technology limitations are there in the office?
  • If a screen is not available, do I have enough hard copies of my presentation for everyone present in the meeting?
  • Can I articulate how I am different and better than my competitor?

PRACTICE THE PURPOSE, BENEFIT, AND CHECK

Purpose, benefit, and check is the easiest way to begin a sales meeting. State the purpose, benefits that everyone in the meeting is hoping to receive, and check if the group is in agreement.

REVIEW THE MEETING ATTENDEES- Before going for the meeting-

  • Find out who's the decision-maker.
  • Find out what process they normally go through regarding a new vendor.
  • Find out about their time frame.
  • Find about the allocation of the funds.
  • Find out their specific needs.
  • Think if they could change something about their product, what it would be.

Write down the important items which retailer has stated are important to him

Before going to the meeting take 5 minutes to think about what items are most important to my prospect which they told me in the previous conversation about their priorities. In the meeting, speak directly to these priorities and make the prospects feel heard and understood.


Related Solutions

Assume you have been retained as an expert witness for a client who is the defendant...
Assume you have been retained as an expert witness for a client who is the defendant in the case, and your client is alleged to have breached a contract and caused damages of $3,000,000 which includes added costs and lost profits. The contract required that your client supply hardwood lumber to a furniture manufacturer for a three-year period. After six months your client found it could not supply the lumber in the quantity required by the plaintiff in the case...
Now that you have been in college for some time you may have know other students,...
Now that you have been in college for some time you may have know other students, who have left school. Some may have transferred, and others dropped out. How can you be different from, them and survive the challenges many college students face ? Read the article:Toward a Theory of Minority Student Participation In Predominantly White Colleges and Universities by Kenneth P. Gonzalez- located in Course Documents
Please share an experience you have personally had with a salesperson where you thought the salesperson...
Please share an experience you have personally had with a salesperson where you thought the salesperson had not acted fully ethically. What did that person specifically do which you found fault with, either at the moment of the sale or afterwards.
You have been analyzing the soft drink market for some time now. Your boss is the...
You have been analyzing the soft drink market for some time now. Your boss is the chief operating officer of Frosty Cola soft drink, a caffeinated soft drink selling in the same market as Coca-Cola, Pepsi Cola, and many other brands. You have made the following notes that you are about to present to him in your next meeting:             Percentage change in quantity demanded of Frosty Cola = -6 percent             Percentage change in price per bottle of Frosty...
You have been analyzing the cereal market for some time now. Your boss is the chief...
You have been analyzing the cereal market for some time now. Your boss is the chief operating officer of Cheeros, a cereal selling in the same market as General Mills, and many other brands. You have made the following notes that you are about to present to him in your next meeting: --change in quantity demanded for the total cereal industry last month = -3 percent --change in the average price of cereals for the industry last month = +2...
As an investment advisor, you have been approached by a client called Kiprono, who wants some...
As an investment advisor, you have been approached by a client called Kiprono, who wants some help in investment-related matters. Kiprono is currently 45 years old and has Ksh. 600,000 in the bank. He plans to work for 15 more years and retire at the age of 60. Kiprono’s present salary is Ksh. 400,000 per year. He expects his salary to increase at the rate of 12 percent per year until his retirement. Kiprono has decided to invest his bank...
Assume that this monthly situation will continue for some time, and you are in the short...
Assume that this monthly situation will continue for some time, and you are in the short run. Fixed Costs                $10,000 Variable Costs           $ 5,000 Total Costs                 $15,000 Revenue                     $12,000 Total Costs                 $15,000 Profit/Loss                 $( 3,000) (A loss)     Should you shut down operations or would it be better to continue running?
Some of you have taken online classes before, and some have not. Those of you who...
Some of you have taken online classes before, and some have not. Those of you who are online class veterans, what advice can you give to those who are new to online learning? Do you have any tips, tricks or hints? What are the good, the bad and the ugly of online learning?
a) The percentage of adults who have at some point in their life been told that...
a) The percentage of adults who have at some point in their life been told that they have hypertension is 23.53%. In a sample of 10 adults, let X be the number who have been told that they have hypertension. Consider the following probability distribution for X. x P(x) 0 ? 1 ? 2 ? 3 ? 4 ? 5 a 6 0.0122 7 0.0021 8 0.0002 9 0.0000 10 0.0000 Find the missing entry that is labelled as 'a'....
You volunteer some of your spare time to your local fire department and have been asked...
You volunteer some of your spare time to your local fire department and have been asked by an assistant chief to analyze data on firefighters who applied for promotion. The assistant chief wants to ensure that gender bias is not a concern in the promotion of firefighters. Shown below is data for 50 firefighters who applied for promotion and the results of a chi-square analysis of the data. Male Female Promoted 13 22 Not Promoted 10 5 Chi-Square Statistic 3.6845...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT