Personal selling*
“Paid promotional technique involving a sales representative engaging directly with a prospective customer with the intention of making a sale.”
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| Term | Definition |
|---|---|
Personal selling* | “Paid promotional technique involving a sales representative engaging directly with a prospective customer with the intention of making a sale.” |
Prospecting* | “Developing a database of potential customers.” |
Approach* | “The manner in which a salesperson contacts a potential customer.” |
Closing* | “The stage in the personal selling process when the salesperson asks the prospect to buy the product.” |
Support personnel* | “Sales staff members who facilitate selling but usually are not involved solely with making sales.” |
Missionary salespeople* | “Support salespeople, usually employed by a manufacturer, who assist the producer’s customers in selling to their own customers.” |
Trade salespeople* | “Salespeople primarily involved mainly in helping a producer’s customers promote a product.” |
Technical salespeople* | “Support salespeople who give technical assistance to a firm’s current customers.” |
Virtual selling* | “The collection of processes and tools that allow salespeople to remotely connect with customers through both real-time and asynchronous communications.” |
Team selling* | “The use of a team of experts from all functional areas of a firm, led by a salesperson, to conduct the personal selling process.” |
Relationship selling* | “The building of mutually beneficial long-term associations with a customer through regular communications over prolonged periods of time.” |
Straight salary compensation plan* | “Paying salespeople a specific amount per time period, regardless of selling effort.” |
Straight commission compensation plan* | “Paying salespeople according to the amount of their sales in a given time period.” |
Combination compensation plan* | “Paying salespeople a fixed salary plus a commission based on sales volume.” |