Sales
Do You Have The Right Ammunition for a Sales Attack?
Kamayani Bharadwaj, The Business Workshop
The
true nature of selling today is more aggressive and more competitive
than ever before. Selling is a war, where the enemy is your competitor
and the ground to be won is the customer. As in all military
engagements, the need to keep oneself armed with relevant information,
before going to the front, is the key to selling success. In
short, selling today is knowing your product, outwitting the
competition, overtaking the market and finally winning the customer!
Let's examine this concept with the example of a popular product
- ice creams. The market for ice-creams is extremely mature
and flooded with a variety of brands. Some big players like Walls
and Vadilal are locked in a fierce battle, churning up new flavours
and campaigns. The competition is cut-throat! So how does a new
(hypothetical) entrant like " Cool Dude" arm itself
for it's sales offensive?
Nature Of The Market
First things first. Knowledge of the market is one of the primary
ammunitions he will need in his arsenal. To begin with, here
are some questions he needs to ask himself:
- Who buys ice-creams?
- How many buyers does
he currently have?
- Where are those buyers
located?
- Which ice creams do
they eat?
- What are the geographical,
climatic, cultural and demographical market trends for his product?
He will then use this
information to determine pricing and product mix issues as well
as plan locations (amusement parks, movie halls, educational
institutes,etc.) for advertising and distributing the product.
Know Your Product
The next step would be to know his own product. He needs to know
all the flavours and desserts his company is offering. Cool Dude's
fresh fruit ice-creams are made with a revolutionary Soft Freeze
Process, which enables the preservation of fruits inside the
ice-cream-this product innovation will be his USP.
Know Your Enemy
Next, the Cool Dude salesman needs to arm himself with information
relating to his enemies, i.e., his competitors (Walls and Vadilal).
How are Walls and Vadilal promoting their ice-creams and at what
price? Which segments are they strong in? What are their distribution
strategies? What are the incentives that they are giving to the
retailers to sell their product? In gathering this information,
he can identify the gap into which he can fit his product.
Explore Alternative
Channels
Since Walls are the undisputed champions in retail selling, concentrating
on another segment (in addition to the conventional retail) would
give Cool Dude ice-creams a sales edge. Our salesman, therefore,
needs to target households for home delivery or bulk orders for
parties and push new recipes and desserts to position his product
in the home consumer segment.
Winning The War
Last but not the least, our clever salesman should never lose
sight of his target, i.e., the customer. This requires an in-depth
study of the customer from a behavioural, psychological, sociological
and a cultural point of view. The salesman needs to find answers
to questions like:
- What motivates a customer
to buy ice-creams?
- Why does he choose
a specific brand from a particular shop?
- Why does he shift
his preferences from Walls to Vadilal?
- Do Walls and Vadilal
have any special schemes like a dial-in to entice the buyer?
Based on this information,
he can float specialised schemes like incentives and promotional
campaigns to influence Cool Dude customers.
Selling is a war! A
good company reputation and a steady flow of orders is enough
to sustain a sales attack but it takes much more to gain competitive
advantage and emerge the winner. Research your market. The more
you know about your prospects and the programs that fit their
needs, the better prepared you'll be for the onslaught.
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