Wednesday, 8 July 2020

IF WE WORK HARD, WE WILL PASS ALL THE OBSTACLES

Sales
Today, The Watsons and The Grandma have continued studying their English for Sales course. They are working very hard and they must pass an exam of every subject they study.

Tomorrow, they have got one of these exams. For this reason, The Grandma has prepared a class with less theory and more practice activities to relax and be ready.

They have revised the First Conditional and have done some activities about Harry Potter and Fuerteventura Island, one of the eight islands of the Canary Islands.

The Grandma wants to talk about sales because it is the theme of The Watsons' exam tomorrow. She thinks that read a little about it is a good way to prepare this interesting exam. Good luck, Watsons! If you are not nervous, you will pass this exam without any problem.

More information: First Conditional I & II

Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale.

The seller, or the provider of the goods or services, completes a sale in response to an acquisition, appropriation, requisition, or a direct interaction with the buyer at the point of sale.

There is a passing of title property or ownership of the item, and the settlement of a price, in which agreement is reached on a price for which transfer of ownership of the item will occur.

The seller, not the purchaser, typically executes the sale and it may be completed prior to the obligation of payment. In the case of indirect interaction, a person who sells goods or service on behalf of the owner is known as a salesman or saleswoman or salesperson, but this often refers to someone selling goods in a store/shop, in which case other terms are also common, including salesclerk, shop assistant, and retail clerk.

In common law countries like ours, sales are governed generally by the common law and commercial codes. In the United States, the laws governing sales of goods are somewhat uniform to the extent that most jurisdictions have adopted Article 2 of the Uniform Commercial Code, albeit with some non-uniform variations.

Sales
A person or organization expressing an interest in acquiring the offered item of value is referred to as a potential buyer, prospective customer, or prospect.

Buying and selling are understood to be two sides of the same coin or transaction.

Both seller and buyer engage in a process of negotiation to consummate the exchange of values.

The exchange, or selling, process has implied rules and identifiable stages. It is implied that the selling process will proceed fairly and ethically so that the parties end up nearly equally rewarded. The stages of selling, and buying, involve getting acquainted, assessing each party's need for the other's item of value, and determining if the values to be exchanged are equivalent or nearly so, or, in buyer's terms, worth the price. Sometimes, sellers have to use their own experiences when selling products with appropriate discounts.

Although the skills required are different, from a management viewpoint, sales is a part of marketing. Sales often form a separate grouping in a corporate structure, employing separate specialist operatives known as salespersons, in singular salesperson. Selling is considered by many to be a sort of persuading art.

Contrary to popular belief, the methodological approach of selling refers to a systematic process of repetitive and measurable milestones, by which a salesman relates his or her offering of a product or service in return enabling the buyer to achieve their goal in an economic way.

According to a 2018 survey of salespeople, selling has become more difficult in recent years due to changes in technology and general access to prospects.

While the sales process refers to a systematic process of repetitive and measurable milestones, the definition of the selling is somewhat ambiguous due to the close nature of advertising, promotion, public relations, and direct marketing.

More information: Trilogy Funding

Selling is the profession-wide term, much like marketing defines a profession. Recently, attempts have been made to clearly understand who is in the sales profession, and who is not.

There are many articles looking at marketing, advertising, promotions, and even public relations as ways to create a unique transaction.

Many believe that the focus of selling is on the human agents involved in the exchange between buyer and seller. Effective selling also requires a systems approach, at minimum involving roles that sell, enable selling, and develop sales capabilities.

Selling also involves salespeople who possess a specific set of sales skills and the knowledge required to facilitate the exchange of value between buyers and sellers that is unique from marketing and advertising.

Marketing and sales differ greatly, but they generally have the same goal.

Selling is the final stage in marketing which puts the plan into effect. A marketing plan includes pricing, promotion, place, and product (the 4 P's).

Sales
A marketing department in an organization has the goals of increasing the desirability and value of the products and services to the customer and increasing the number and engagement of successful interactions between potential customers and the organization.

Achieving this goal may involve the sales team using promotional techniques such as advertising, sales promotion, publicity, and public relations, creating new sales channels, or creating new products. It can also include encouraging the potential customer to visit the organization's website, contact the organization for more information, or interact with the organization via social media channels such as Twitter, Facebook and blogs.

Social values play a major role in consumer decision processes. Marketing is the whole of the work on persuasion made for the whole of the target people. Sales is the process of persuasion and effort from one person to one person (B2C), or one person to a corporation (B2B), in order to make a living resource enter the company. This may occur in person, over the phone or digitally.

The field of sales process engineering views sales as the output of a larger system, not just as the output of one department. The larger system includes many functional areas within an organization. From this perspective, the labels sales and marketing cover several processes whose inputs and outputs supply one another. In this context, improving an output such as sales involves studying and improving the broader sales process, since the component functional areas interact and are interdependent.

More information: Lighter Capital

Many large corporations structure their marketing departments so they are integrated with all areas of the business. They create multiple teams with a singular focus, and the managers of these teams must coordinate efforts in order to drive profits and business success. For example, an inbound campaign seeks to drive more customers through the door, giving the sales department a better chance of selling their product to the consumer. A good marketing program would address any potential downsides as well.

The sales department would aim to improve the interaction between the customer and the sales channel or salesperson. As sales is the forefront of any organization, this would always need to take place before any other business process may begin.

Sales management involves breaking down the selling process and increasing the effectiveness of the discrete processes, as well as improving the interactions between processes. For example, in an outbound sales environment, the typical process includes outbound calling, the sales pitch, handling objections, opportunity identification, and the close. Each step of the process has sales-related issues, skills, and training needs, as well as marketing solutions to improve each discrete step.

One further common complication of marketing is the difficulty in measuring results for some marketing initiatives. Some marketing and advertising executives focus on creativity and innovation without concern for the top or bottom lines -a fundamental pitfall of marketing for marketing's sake.

Sales
Many companies find it challenging to get their marketing and sales teams to agree.

The two departments, although different in nature, handle very similar concepts and have to work together to achieve the business' goals. Building a good relationship between the two teams that encourages communication can be the key to success.

The idea that marketing can potentially eliminate the need for salespeople depends entirely on context. For example, this may be possible in some B2C situations; however, for many B2B transactions for example, those involving industrial organizations, this is mostly impossible.

Another dimension is the value of the goods being sold. Fast-moving consumer-goods (FMCG) require no salespeople at the point of sale to get them to jump off the supermarket shelf and into the customer's trolley. However, the purchase of large mining equipment worth millions of dollars will require a salesperson to manage the sales process -particularly in the face of competitors.
 
Small and medium businesses selling such large ticket items to a geographically-dispersed client base use manufacturers' representatives to provide this highly personal service while avoiding the large expense of a captive sales force.

Another area of discussion involves the need for alignment and integration of corporate sales and marketing functions. According to a report from the Chief Marketing Officer (CMO) Council, only 40 percent of companies have formal programs, systems or processes in place to align and integrate the two critical functions.

Sales, Digital Marketing and Automated Marketing campaigns With the rise of the use of the internet today, sales functions of several enterprises are finding traditional methods of marketing quite old fashioned and less efficient. So the use of automated Marketing Applications is on the rise ranging from Customer Relationship Management (CRM) to Sales Force Management.

More information: Lucid Chart


I like to think of sales as the ability
to gracefully persuade, not manipulate,
a person or persons into a win-win situation.

Bo Bennett

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