Professional Documents
Culture Documents
Marketing and
Sales Strategies
What should
salespeople do to
close a sale?
How to develop your strategy of sales
In selling, qualifying your prospects means finding out not just who they are
but also what they do, what they have, and what they need.
1. The sales process in 6 steps
Your presentation of your product, service, or idea requires the most preparation.
Make a list of the benefits you think are your strongest persuaders in placing your
product.
1. The sales process in 6 steps
The best way to handle negative comments or concerns your prospect may raise
is to answer in simple, unemotional terms and have recommendations in mind.
1. The sales process in 6 steps
Closing should follow naturally and smoothly after you address your prospect’s
concerns.
Team work
You have 10 minutes to sell a futuristic cell phone.
Think about:
• A name for the product
• What new features would it have?
• What would be the benefits for that market target?
Source: thefinancialbrand.com
Marketing mix
Marketing mix
Product:
Seth Godin said: Don’t find customers for your products, find products for your customers.
Marketing mix
Price
Level Strategic pricing pyramid
Pricing
Policies
Communication of
Value
PRICE
Low Medium High
PRODUCT XXX
FACTORS
(UNIT VALUES)
FINAL PRICE
Pricing decisions and strategy
Price Level
Price Level
Example:
Price ▪ "Join the brand club and get discounts in
beauty salons"
Level
▪ The price range must be between $4 and $8
Pricing
Policies
Premium pricing
• High price
• Strong competitive advantage exists for the company
Penetration pricing
• Price is artificially low to gain market share quickly.
• Prices will be raised once the promotion period is over.
Economy pricing
• The margins are very low.
• Targets the mass market and high market share.
Skimming strategy
• High price is charged for a product till such time as competitors allow after which
prices can be dropped.
.
Marketing mix
Place:
Online Store
Brick and mortar
(E-commerce,
stores
M-commerce)
Team work
Develop the 4’Ps for your business:
• Product: Brand, Design, Packaging, Quality
• Price: Strategic pricing pyramid
• Promotion: Tools and Content type
• Place: Retail locations, Distribution
TEAM W O R K
Team work
Right product,
right prices,
right place,
right time.
Bibliography