Question

 

Write an essay on “Theories of Selling”.

26 Oct 2017
Answer :
Word Count : 2250

Selling is considered an art by some and a science by others and has produced twocontrasting approaches to the theory of selling. The first approach distilled theexperiences of successful salespeople and to a lesser extent, advertising professionals. Many such persons succeeded because of their grasp of practical, or learned through experience psychology and their ability to apply it in sales situations. These selling theories emphasize the “what to do” and “how to do”rather than the “why”. These theories, based on experiential knowledge accumulated from years of “living in the market” rather than on a systematic, fundamental body of knowledge. The second approach borrowed findings from the behavioral sciences. JohnA. Howard of Columbia Graduate School of Business was in the forefront of thosewho adapted the findings of behavioral science to analysis of buying behavior; his“behavioral equation” attempts to develop a unified theory of buying and selling.There are four theories, the first two, the “AIDAS” theory and the “right setof circumstances” theory, are seller oriented. The third, the “buying – formula”theory of selling, is buyer oriented. The fourth, the behavioral equation, emphasizes the buyer’s decision process but also takes the salesperson’s influence process into account.

(1)AIDAS Theory of Selling

The theory- popularly known as the AIDAS theory, after initials of the five wordsexpress it (attention, interest, desire, action and satisfaction) is the basis for manysales training programs are organized. According to the theory, the prospect’s mind passes through five successive mental states: attention, interest, desire, action, andsatisfaction so the sales presentation must lead the prospect through them in theright sequence if a sale is to result.The psychological writings of William James support this theory. Its construct is based upon experimental knowledge. It was in existence as early as 1898.

According to this theory during the successful selling interview the prospect's mind consciously passes through five successive mental states : attention,interest, desire, action and satisfaction. The sales presentation must lead theprospect through steps in the right sequence if a sale is to result.(i) Securing attention:

In order to put the prospect into a receptive state of mind, the first few minutes of the interview are crucial. The sales person has to have a reason, or an excuse for conducting the interview.If he has previously made an appointment, this phase presents no problem, thoughexperienced sales personnel say that even with an appointment, a sales person must possess considerable mental alertness; and be a skilled conversationalist, to survivethe start of the interview. As the prospect realizes the caller is bent on sellingsomething, the sales person must establish good support at once. He needs anample supply of "Conversation Openness". Among other things, favorable firstimpressions are assured proper attire, neatness, friendliness, amid a genuine smile just before the interview. Skill sales personnel often decide up on conversationopenness so that those remarks are about the prospects if they are favorablecomments about the prospect's business. A good conversation opens causes the prospect to relax and sets the stage for total presentation.

(ii) Gaining Interest:

Many techniques are used to intensify the prospect's attention so that it evolvesinto strong interest. Some sales people develop contagious enthusiasm for the product or a sample.

Sales portfolios, flip charts, or other visual aids serve thesame purpose when the product is bulky or technical.

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