AIR: An
acronym for a technique for overcoming customer objections.
Agree
Isolate and
Rebut.
Abandon Rate: The percentage
of total calls that hang-up prior to being answered.
Activation questions help develop
the prospect's understanding of the seriousness of a difficulty.
Adaptive selling occurs when
a salesperson alters their selling behaviors during a sales call
or across sales calls, based on information about the nature of
the selling situation.
Advances are sales calls where
the salesperson obtains a specific commitment that brings the prospect
closer to making a purchasing decision, while Continuations are
sales calls where the salesperson fails to obtain any specific
commitment that will bring the prospect closer to making a purchasing
decision.
Advantages show how a feature
can help any purchaser.
Analyticals (Thinkers) are individuals
who emphasize facts and logic in making decisions. They are low
on assertiveness and low on responsiveness.
Approach refers to the initial
contact between a salesperson and a potential buyer. There are
many approach methods: introduction, referral, benefit, product,
compliment, question, and others.
Assertiveness is a measure of
a person's desire to take charge and get things done quickly. Highly
assertive people speak out and seek a fast pace.
Assessment questions are used
to gather information about the person you are meeting with and
their company.
Assumptive Close: Attempting
a sales close from the introduction by assuming the person called
with the intention to buy.
Average Talk Time: The average
per call time TSRs spend on the phone.
Benefits are the answers to Projection
questions; they tell us how a solution to a difficulty will make
life easier for this particular prospect.
Buying signals are verbal and
non-verbal indications that a prospect may be ready to make a purchasing
decision.
CPM: A media buying term referring
to the number of calls generated per $1000 of media spend.
Catalog Orders: Calls on products
that are advertised in our MPDirect catalog.
Check By Phone: A method
of payment where the customer reads off check information and it
is processed electronically.
Close Rate: The percentage of
calls the TSR successfully converts into credit card or check by
phone sales.
Closing is a common term for
requesting commitment from a prospective customer. It refers to
helping them make a purchasing decision.
Coherent conversations are ones
where the communication follows a logical order: statements relate
to the statements that preceded them.
Complaint objections are statements
by prospects that they are dissatisfied with some aspect of a salesperson's
product or service, and that they want this dissatisfaction resolved.
Continuations are sales calls
where the salesperson fails to obtain any specific commitment that
will bring the prospect closer to making a purchasing decision,
while Advances are sales calls where the salesperson obtains a
specific commitment that brings the prospect closer to making a
purchasing decision.
Credibility means that the person
is perceived as being believable and reliable.
Cross Sell: Additional items added to the package, enhancing the
original purchase.
DNIS: A number assigned for identifying
the media use of 800#s. The acronym stands for Dialed Number Identification
Service.
Deciders are buying center members
who make the final selection of the product to be purchased.
Delayed Billing: An alternate
and very beneficial approach where customers are able to try a
product before being billed for the product.
Direct Close: Closing approach
where because of strong buying signals, the TSR proceeds directly
to closing the sale.
Discovery questions are used
to learn the specific dissatisfactions that might cause someone
to want to make a purchase.
Email Lead: Having secured a
customer’s address, MediaPower
can present discount product offers via email.
Encouraging is letting prospects
know that you want them to communicate any doubts or concerns they
may have.
Explicit needs are those difficulties
prospects face that they have specifically stated they need to
do something about.
Features are facts, data, or
information about your product.
Gatekeepers are buying center
members who control the flow of information.
Implication questions are the
same as Activation questions.
Implied needs are those difficulties
prospects face that seem to deserve a solution, but for which they
have not yet specifically stated they need a solution.
Inbound: Telemarketing calls
where the customer is calling you in response to some form of advertisement.
Indirect Close: Closing technique
where the TSR works around the order form, prompting the customer
for missing information and eventually asking for a method of payment.
Inserts: Print inserts included
with customer purchases to introduce them to new products.
Lead is a person or organization
that may have the characteristics of a prospect (someone with a
need, the ability to pay, the authority to buy, etc.).
Limitation objections are statements
by prospects that they believe a product has some unchangeable
characteristics that will limit the use of the product.
Long-Form Infomercials: Advertising
in a ½ hour infomercial
format on either radio or television.
Major sales are those that involve
a long selling cycle, a large customer commitment, an ongoing relationship,
and/or large risks for the purchaser if a poor decision is made.
Media Buying: The purchasing
of advertising space. Through negotiating lower rates and analyzing
the ad effectiveness, good media buying can dramatically improve
your campaign’s profits.
Media Ratio: A prime metric of
campaign success, this is the ratio of revenue generated per dollar
of media spending.
Minor Agreement Question: A sales
technique where the TSR asks a small question leading to asking
a final closing question. Ex., Which do you prefer, vanilla or
chocolate?
MOP: Method Of Payment, typically
credit or debit cards, check by phone, check or money order.
Need payoff questions are a combination
of a summary and a Transition question.
Objections are statements from
prospects that they need more information before they can make
a decision to purchase a product.
Open-ended questions are questions
that require the person answering to go beyond a simple yes/no
type response.
Option Close: Closing technique
where the customer is presented with a number of different package
options.
Outbound: Telemarketing where
calls are placed out, contacting potential customers.
Paid Close Rate: Close rate for
MediaPower on long form advertising.
Phone Time: Total time that TSRs
spend logged into the phone system.
Post-purchase dissonance is the insecurity a purchaser feels
about whether the choice was a wise one; also called buyer's remorse.
Preferred Customer Program: Program
for the automatic shipment of future orders at a discounted price. Also
known as continuity, autoship or a club.
Preliminaries are the first few
things a salesperson does at the start of the face-to-face portion
of the first sales call.
Print Advertising: Product advertising
that appears in newspapers and magazines.
Probing Questions: Questions
during the Discovery
phase of call,
typically open-ended.
Problem questions are the same
as Discovery questions.
Projection questions ask the
prospect to "project" what
life could be like if the difficulties uncovered through Discovery
and Activation questions could be solved.
Qualified prospects are eligible
to buy, can be approached favorably, have a need, and have the
ability and authority to purchase.
Quantifying a Solution involves
explaining to a prospect how much a proposed solution will cost.
Often, salespeople will present a comparative cost-benefit analysis,
the expected return on investment, the payback period, or the net
present value as a way of making the investment look more reasonable.
Rapport occurs when a close,
harmonious relationship is founded on mutual trust.
Recovery: An attempt to recover
non-sale customers who called initially with an alternate sales
offer.
Referral approach consists of
using the name of a satisfied customer or friend of the prospect
at the beginning of a sales call.
Re-Orders: Previous customers
who call back to order again.
Responsiveness indicates whether
people try to control their emotions. Highly responsive people
readily express their emotions, and are more people-oriented than
task-oriented.
Revenue: Total processed sales
revenue.
RPC: Revenue Per Call
RPO: Revenue Per Order
The “Rule”: The Telemarketing
Sales Rule, originally adopted in 1995, revised in 2001 and 2003
to include “Do
Not Call” provisions.
Rush: A much quicker shipping
option for customers.
Scripts: The telemarketing sales
script that agents follow when speaking with customers.
Service Calls: Calls where MediaPower
is only handling the call itself, not the media buying, creative
or customer service.
Skepticism objections are statements
by prospects that they are not convinced your product will do what
you have claimed.
Social styles are patterns of
communication behaviors that people use when interacting with one
another.
Socratic Openers are open-ended
questions that ask prospects what is important to them about the
topic of a meeting, and that explain that it will be to their benefit
to answer the question.
SPIFF: Special Performance Incentive
For Fun. Cash bonuses for agents for adding Cross Sells, Rushes
and Autoships to orders.
Spot advertising: Advertising
in 30 or 60 second radio and TV spots as opposed to long form infomercials.
Talk Time: The total talk time
for TSRs.
Telemarketing Sales Representatives
(TSR): The sales agents who
handle your phone calls.
Tie-Down Question: A sales question
that ties the customer’s
need into the sale. Ex., It seems Healthiest Heart would help your
cholesterol problem, wouldn’t it?
Transition questions tell us whether the prospect feels
they need to take action. If the prospect says yes, s/he has stated
an explicit need.
Trial closes are questions the
salesperson asks during a sales call to find out whether the prospect
is getting close to making a purchasing decision.
Upsell: Moving a customer to
a larger package than they had previously been interested in.
Word pictures are stories designed
to help someone visualize a situation.
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