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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
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
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
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
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
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
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
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
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
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
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
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
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
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
Sales Contests
 Managerial Evaluation of contest:
   Contest vs. alternatives
   Short & Long term effects
   Design
   Fairness
   Impact upon sales force morale
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
THANK YOU

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Salesmeetingssalescontests

  • 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