with potential buyers of a product with the intention of making a sale. The personal selling may focus initially on developing a relationship with the potential buyer, but will always ultimately end with an attempt to "close the sale" Personal Selling Process Identifying the Potential Customer. Qualifying the Prospect. Approaching the Prospect. Making the Sales Presentation. Handling the Objection. Closing the Sales Follow Up. What is Prospecting ?
Prospecting is all about finding
prospects, or potential new customers. Prospects should be 'qualified,' which means that they need to be assessed to see if there is business potential, otherwise you could be wasting your time. In order to qualify your prospects Characteristic of a Good Prospect Need to buy Ability to buy Authority to buy Accessibility Method of Prospecting Endless chain or family tree method. Cold calling method. Center of influence method. Direct mail method. Company record method. Spotters method. Bird day method. Lead for Superior. Pre-Approach Pre-approach is an important stage in the sales process that means gathering and analyzing all important information about prospect before engaging him or her in the selling process. The salesperson should try to obtain as much available information about the prospect and his or her needs as possible before contacting the potential client. If pre- approach process is not well-organized and debugged, the sales manager may face the problems. Importance of Pre-Approach Save time, effort and energy. Confidence and enthusiastic. Remove serious lapses. Knowledge about socio-economic environment. Take guidance from superior