Salesmanship | Meaning | Features | Objectives

Definition of Salesmanship

Salesmanship has been defined in different ways by different writers. In the words of Peterson and Wright,

Salesmanship is the process whereby the seller ascertains and activates the needs or wants of the buyer and satisfies these needs or wants to the mutual continuous advantage of both the buyer and the seller.

According to the National Association of Marketing Teachers of America,

Salesmanship is the ability to persuade people to buy goods or services at a profit to the seller and with, benefit to the buyer.

Salesmanship - Meaning, definition, features, objectives

Salesmanship – Meaning, definition, features, objectives

From these definitions, it is clear that salesmanship is not just handing over of goods to the customers and taking the money for them. True salesmanship is not only an art of inducing the consumers to buy goods, but also an art of guiding them to buy what they need. In short, salesmanship is the process of persuading and assisting a prospective customer to buy a commodity or service.

Features of Salesmanship

Salesmanship has several characteristic features. The main features of salesmanship are:

1. Salesmanship is personal selling and is the oldest form of selling.

2. It is the most important form of promotional mix.

3. It is the art of selling a product or service. It is all about selling a product by presenting the product to the prospects in a convincing and persuasive manner by which the prospect is induced to buy.

4. It involves direct and personal contact with the buyers.

5. It is a creative art. It creates new wants. A need may be already in existence. But it is the job of a salesman to transform the needs into wants.

6. To be very effective, salesmanship also has to be carried on continuously to perpetuate the demand created once.

7. Salesmanship basically aims at selling a product. It does not stop at that. Actually it involves selling an idea or one’s point of view. For instance, salesmanship, in the case of a paint manufacturing concern, is not just the sale of paints, but the sale of an idea, color, shade beauty or durability.

8. It is an educative process. Salesmanship provides information about the products, their special features and their utility.

Objectives of Salesmanship

The main objectives of salesmanship are

1. To create demand for a new product.

2. To maintain and also expand the demand for an existing product.

3. To guide the buyers in the proper selection of goods.

4. To build up goodwill or reputation for the seller.

Besides, the objective of salesmanship could be long-term or short-term objectives.

According to Still and Cundiff, the objectives of salesmanship could be quantitative or qualitative. The quantitative objective would be emphasizing on the achievement of short-term company objectives whereas qualitative objectives are based on achieving long-term objectives of the company.

Qualitative or Long-term Objectives of Salesmanship

1. To undertake to do the entire selling activity.

2. To serve the existing accounts in terms of their orders, stock position, requirement, schedule of supply, level of performance and collection of payments.

3. To generate new enquiries and new prospects.

4. To convert some of the new prospects into long-term customers.

5. To regularly inform customers about product characteristics, technical upgradation and company’s commitment to quality consciousness.

6. To coordinate with distribution channel members to improve sales and market-share.

7. To collect information from markets, customers, suppliers, distribution channel members and consultants for use by company management.

Quantitative or Short-term Objectives of Salesmanship

The quantitative objectives or short-term selling objectives are important for the company’s current operations. These objectives could be—

1. To obtain orders and execute them to the satisfaction of customers.

2. To meet the sales target.

3. To maintain present accounts and add new customers.

4. To maintain market share and competitive edge.

5. To achieve sales volume and satisfy company’s product mix norms.

6. To submit sales reports regularly as per company’s policies.

The qualitative and quantitative objectives vary from one company to another and would largely depend upon the company’s standing in the market.

Leave a Reply

Recent Posts

Recent Comments

Related pages

definition negotiabledefine exim bankmeaning of quick ratioservicescape designexport promotion schemesturnover calculation accountingdefine pay backcreditors voluntary liquidation proceduremultidomestic companiesdebentures meansqualities of a auditorstandard costing in cost accountingexchange rate forecastingarr financedifference between movable and immovable propertythe function of wtobill discounting meaning with examplewhat are the essential elements of a valid contractdisadvantages of vertical integrationwhat is the difference between forward and futures contractsadvantages of control accountsleverage ratio calculatorwhat is a draweeadvantages and disadvantages of straight commissionfeatures of informal organizationnon budgetary control techniquesrights and duties of bailor and baileeaccounting profitability ratiosactivity based costing managerial accountingdefinition of interim dividenddefine alphanumericfixed charge and floating chargeadvertisement merits and demeritsmeaning of voidable contractwhat does it mean to be in arrearsroles and responsibilities of managerial economistadvantages and disadvantages of science in hindisocialism advantages and disadvantagesservicescape examplesdefine unqualifiedadvantages of volunteer samplingdefine stratified samplingjobber in stock marketlien meaning in bankingrelationship between ecommerce and ebusinessshipment cifwhat is meant by privity of contractdecentralized planningdischarge of negotiable instrumentsmeaning of dishonourablequalities of a businessmantypes of auditors opinionsfeatures of socialist economic systemindian contracts act 1872definition of countermandhow to start a chit fund company in indiaaverage accounting rate of returndebentures and its typessinking fund provisionrights and duties of bailor and baileemechanizingadvantages of autocracymeaning of dishonorinventory conversion period formulahorizontal merger examplesusance bill of exchangemeaning of business process reengineeringdrawee definitionstock turnover days definitioncaveat emptor contract lawmanagement accounting marginal costingindia urbanization rateconsumer cooperativebailee for rewardimportance of the concept of elasticity of demandpresentment for acceptance3000 rupees to dollarswhat is the role of financial intermediaries in an economy