Quick Answer: What Is The 7 Step Selling Process?

What are the 7 steps in the sales process?

The 7 Step Sales ProcessSales are the lifeblood of every organization.

1 – Prospecting.

2 – Initial Contact & Qualifying.

3 – Needs Assessment.

4 – Sales Pitch or Product Demo.

5 – Proposal and Handling Objections.

6 – Closing.

7 – Following Up, Repeat Business & Referrals..

What is the first rule of sales?

Keep your mouth shut and your ears open. It’s not about you, your products or services; it’s all about them, so find a way to serve the customer. Follow the Golden Rule principle when selling. “Sell to other people the way you would like to be sold to”.

What are 4 types of closes?

Here are 4 highly effective sales closing techniques that are popular with sales reps:The assumptive close: This technique involves using a phrase or language that assumes the close is a done deal. … The option close: … The suggestion close: … The urgency close:

What is b2b selling process?

B2B sales, also known as business to business sales, refers to companies who primarily sell products and services to businesses, rather than direct to consumers (B2C). B2B sales typically have higher order values, longer sales cycles and are often more complex than B2C sales.

What are the 5 steps of the sales process?

The stages of the 5 step sales process are:Initial Contact & Rapport Building.Needs Discovery.Offer a Solution.Handle Objections & Close the Sale.Follow Up, Repeat Business & Referrals.

What is sales life cycle?

A sales cycle is a series of events or phases that occur during the selling of a product or service. This article will cover the typical seven steps or stages in that process, but remember that not every sale or customer interaction will follow the same path.

What is effective selling process?

Selling is a process with distinct steps that should be followed in order to achieve success. The steps include prospecting, preparation, approach, presentation, handling objections, closing and follow-up.

What is the best type of sales to get into?

10 high-paying jobs for natural-born salespeopleReal estate agent.Sales engineer.Financial services sales agent.Advertising sales agent.Insurance sales agent.Manufacturer’s representative.Medical device sales representative.Software sales representative.More items…

What is the golden rule of sales?

Practicing the golden rule in selling simply means that you sell to other people the way you would like to be sold to. The successful sales professional uses the golden rule to sell with the same honesty, integrity, understanding, empathy and thoughtfulness that they would like someone else to use in selling to them.

What is the 4 step sales process?

Let’s break down the seven main stages of the sales cycle: prospecting, making contact, qualifying your lead, nurturing your lead, presenting your offer, overcoming objections, and closing the sale.

What are the 8 steps of the sales process?

The 8-Step Sales ProcessStep 1: Prospecting. Before you can sell anything, you need someone to sell to. … Step 2: Connecting. … Step 3: Qualifying. … Step 4: Demonstrating Value. … Step 5: Addressing Objections. … Step 6: Closing the Deal. … Step 7: Onboarding. … Step 8: Following Up.

What are the 6 stages of the selling process?

The Six-Step Selling CycleProspect for your next potential client or customer. Prospecting means finding the right potential buyer for what you’re selling. … Make initial contact. … Qualify the prospective clients or customers. … Win over the prospects with your presentation. … Address the prospective client’s or customer’s concerns. … Close the sale.

What are five basic principles of selling?

The 5 Irrefutable Principles of SellingConsumers only buy products and services that benefit them. … Value comes with a price tag. … Credibility is dependent upon two factors, trust and expertise. … The most valuable gift you have to offer is yourself. … This is a give and give relationship.

What are the steps in selling process?

Steps to sellingFind customers. Research your potential customer base. … Plan your approach. Review information you have gathered about your customers and their needs. … Make initial contact. … Identify specific customer needs. … Select the appropriate product or service. … Make the sales presentation. … Handle objections. … Close the sale.More items…•

What is step selling?

The seven-step selling process refers to the sequence of steps salespeople follow each time they make a sale. … The first step of the selling process, prospecting and qualifying, involves searching for potential customers and deciding whether they have the ability and desire to make a purchase.

What are the stages of the sales funnel?

What are the sales funnel stages?Stage 1: Awareness. The first of the sales funnel stages is called the “awareness” level, because it’s where people first become aware of your product or service. … Stage 2: Interest. … Stage 3: Decision. … Stage 4: Action. … Build a landing page. … Offer something of value. … Start nurturing. … Upsell.More items…