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Web 2.0 and the Retail Customer's Buying Process
Home :: Business :: Sales / Service
By: Kevin Dywer Email Article
Word Count: 826 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

The internet has changed the face of retail selling. Customers are able to search for information and evaluate alternatives on-line. In store retail sales processes have, in many organisations failed to adapt to the increased power consumers have now.

All retail sales people at some time will be taught a sales process.

The sales process and the goal of each step will look something like:

Step One: Planning and Preparation. - Ensure you have all and understand the information to make a sale

Step Two: Opening the Sale. - Establish a person-person relationship and breakdown resistance Step Three: Probing. - Determine what and why and establish trust

Step Four: Demonstration. - Establish the value of the merchandise and create desire

Step Five: Trial Close. - Cement the sale on the primary item and identify what else the customer needs to make a purchase

Step Six: Handling Objections. - To determine real reason for the customer not buying, identify ways to add more value and build trust

Step Seven: Closing the Sale. - Increase closing ratio and overall productivity

Step Eight: Follow-up. - Establish a relationship with customer - create positive 'word of mouth'

Creating an environment where sales people can learn and practise the sales process with immediate feedback on parts of the process they do well and parts which they do not do well has a positive impact on most sales teams.

However, to reach our potential sales, having a well practised sales process today is not enough.

The customer's buying process has changed. Or more accurately, the channels through which customers execute the elements of their buying process have changed.

Retail customers buying process follows this form:

Step One: Need recognition or problem awareness. For example, I'm renovating my kitchen and need to look at what is around in the way of ovens, stoves and cook-tops

Step Two: Information Search. For example, I'm not too sure what I really want. I'm not sure if I want an all in one stove, or a separate oven and cook-top

Step Three: Evaluation of alternatives. For example, Ilvie is a reputable brand name but how much will the one I want cost? What is included in that price? Who has the best price? Is there an extended warranty? Can I get a package?

Step Four: Make a purchase. For example, I can get the same unit at one of the competitors, and they will provide an extended warranty, what can you offer?

Step Five: Post purchase evaluation. For example, I'm happy with what I have, it was delivered and installed on time and works as I hoped. I'll go back to the same place and recommend them to others.

Before and after step four, customers require a lot of information. The more involved they are in the purchase, the more information they need.

Prior to the internet, the channel selling the goods controlled not only the physical distribution chain but also the information distribution chain. The information mediums including brochures, flyers, posters, advertisements and word of mouth were directly controlled or heavily influenced by the selling organisation.

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Kevin Dwyer is the founder of Change Factory. Change Factory helps organisations who do not like their business outcomes to get better outcomes by changing people's behaviour. Businesses we help have greater clarity of purpose and ability to achieve their desired business outcomes. Visit our website to learn more or see more articles on Sales Leadership ©2008 Change Factory

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