1. Submitted to: Prof. Anik Mehta
By:
Diana Christian (5)
Rubina Pathan (20)
Kunal Shah(27)
2. Sales Meetings & Sales
Contests
Sales Meetings Objectives:
Communication & Motivational Purposes
Exchanging Information & Ideas
Directions & Guidelines to Sales persons
To Stimulate the group to raise its standards as to
reasonable & acceptable performance
Appraisal & reviewing the job performance
3. Sales Meetings Organization
A-C-M-E-E
Defining the specific Training Aims
Deciding Meeting Content
Determine methods of conducting the meeting
Deciding upon execution of the meeting
Evaluation of the results
4. Sales Meetings Organization
1. Defining the specific Training Aims
Communicate & Motivate
New Product Introductions
Improving Deficiency in Sales People
Orienting Sales Personnel on advertising Program
Introducing New Services for customers
Aims to be clear & attainable
Probable results justify the estimated costs
5. Sales Meetings Organization
2. Deciding Meeting Content
Planning the agenda
Customizing according to the aims
3. Determine methods of conducting the meeting
Need, Time available & meeting place
Short & Participative
Group discussion
6. Sales Meetings Organization
4. Execution:
Decisions on speakers, Seminar Leaders, Meeting
Site & Time
Infrastructure including room arrangements
5. Evaluation:
Meeting accomplished its specific aims
Participant Feedback
7. Types of Sales Meetings
1. National Sales Meetings:
Advantages:
Comprehensive change in policies;
Standardized explanations & answers;
common platform;
better coordination
Disadvantages
High Costs
Convenient time problem,
Disruption of routine
8. Types of Sales Meetings
2. Regional Sales Meetings:
Advantages:
Decentralization
Reduced Traveling costs
Lowering lost selling time
Disadvantages:
High demand on executives
Smaller percentage of top management
9. Types of Sales Meetings
3. Local Sales Meetings
Strength is Informality
Ample time for each sales person
Better Acquaintance & Group Identity
4. Remote control & Traveling sales meetings
Closed circuit Television
Sales meetings by Telephone
Sales Meetings at Home
Traveling Sales Meetings
10. Sales Contests
Special selling campaign offering incentives in the
form of prizes & awards beyond those in the
compensation plans
Provide extra incentives to increase sales volume,
to bring in more profitable sales volume
Needs for esteem and self actualization
11. Sales Contests Objectives
To obtain new customers
To secure larger orders per sales call
To push slow moving items, high margin goods, or
new products
To overcome a seasonal sales slump
To sell a more profitable mix of products
To improve the performance of distributors sales
personnel
To promote seasonal merchandise
To obtain more product displays
To get reorders
To promote special deals to distributors, dealers
12. Sales Contests
1. Contest Formats : Direct or Novelty
Direct Format describes specific objective
Novelty format uses a particular theme based
current event, sport or any other idea
Important Points:
Timely & Effective
Understandable to the audience
13. Sales Contests
2. Contest Prizes:
Cash, Merchandise, Travel or Special honor
Cash:
Potency weakens as an individual's needs are up in
need hierarchy
No Permanent evidence of their achievements
Merchandise:
Permanent evidence of the achievements
Represents value larger than cash
14. Sales Contests
2. Contest Prizes
Travel:
More Popular & glamorized
Escape the job’s routine
Special Honor & Privileges:
Independent Entrepreneurs
Strengthens group identity & build team spirit
Sales persons social needs
15. Sales Contests
3. Contest Duration:
Mostly run for one to four months
No set guidelines
Consideration of length of time interest
4. Contest Promotion:
Planned barrage of Promotional material
A Teaser campaigns sometimes precedes formal
announcement
Techniques to hold & Intensify Interest
16. Sales Contests
Managerial Evaluation of contest:
Contest vs. alternatives
Short & Long term effects
Design
Fairness
Impact upon sales force morale
17. Sales Contests
Objections:
No reason to reward sales persons for their regular
duties
High Caliber & more experienced sales personnel
consider sales contests juvenile
Unanticipated & undesirable results
Bunch sales
Disappointment to losers
Temporary motivating devices
Weakens Team Spirits