Marketing and selling in favourable economic
conditions:
Role of the brand in selling products
Prasanna PERERA,
Marketing and Management Consultant, Chartered Marketeer, CIM UK
Talk to a majority of salespersons. They will identify price,
quality, service and availability as the key factors for selling
products and services.
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Prasanna
Perera |
How many mention the brand? Unfortunately, only a very few. Why? This
is precisely what I hope to address in this article.
The Brand and Selling
Before addressing why salespersons do not identify the brand as a key
selling tool, let us re-examine the definition of a brand. Basically, a
brand provides an identity to a product and service and helps
differentiate same from competitive offerings.
Isn't this what selling is about? Selling the difference! And this is
what salespersons do not identify and appreciate.
Presently, salespersons operate in highly competitive markets where
products and services are largely undifferentiated. As a result, they
are obsessed with price, discounts and credit. What is the end result?
Discounted sales, extended credit and declining profits. Is there any
purpose in achieving such sales?
Salespersons must appreciate the power of the brand
There are a few reasons for this situation. Firstly, there is a
mental block that salespersons perceive that buyers are always price
sensitive.
This is not the case. Many buyers consider price along with other
variables, when making purchase decisions.
If buyers only considered price, then the cheapest available products
and services would be market leaders. This is definitely not the case.
The second possible reason is that brand knowledge amongst
salespersons is poor. They are educated about the product and not the
brand.
Thirdly, salespersons do not believe that the brand will add value to
their sales presentations.
They see the brand as an optional extra, that is adding to the price.
Fourthly, many salespersons in their personal lives are not brand
conscious, but price conscious. Hence, they have this mindset when
approaching buyers.
The benefits that selling the brand offers salespersons
* The need to compete on price is minimised.
* The brand provides the buyers a promise and an assurance.
* Ability to project themselves as brand ambassadors, thereby
increasing their self confidence and self worth.
* The ability to use the brand to augment the value provided to the
customer. The customer will perceive a higher value addition, as a
result.
* The brand will provide the salesperson an opportunity to convert
themselves from commodity selling to professional selling. (To be a
sales professional)
Examples of salespersons selling brands
Take earth moving equipment and the success of the Caterpillar brand.
Caterpillar is a global leader and the highest priced brand in the
market. Caterpillar salespersons are passionate about the brand.
Fedex is another great example. When a Fedex employee dons the
company uniform he is passionate about the organization and brand.
Salespersons from organizations such as Unilever and Nestle are great
ambassadors.
Not only do they sell the corporate brand, they also promote products
and brands successfully.
In the airline industry, Singapore Airlines and Qatar Airways are
good examples of brands being sold. Both brands are premium, but are
sold on the value addition that is provided.
How can salespersons be made passionate
The key is to change their mindset from selling products to brands.
This can be done by educating them about brands and that brands provide
the competitive edge not price. Salespersons may argue that customers
are price conscious.
This is correct, but if the salesperson falls into this trap, there
is no escape. If the brand is sold together with service and quality,
the dependency on price can be lowered.
It is also important to make salespersons understand that they are
the eyes and ears of the brands that they sell. They are the real brand
champions and ambassadors. This feeling will help them keep the brand in
the forefront at all times. Training salespersons to sell on value and
not on price, will make them realise that the brand is their best
friend. After all, it is the brand that adds value to the customer, more
than anything else.
"Selling the brand" should be the slogan for salespersons operating
in highly commoditized markets. The brand offers differentiation, added
value and a perceived advantage. This minimises the need to sell on
price, which is a double edged sword.
"The brand is the most powerful tool in any salespersons' armoury."
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