Show and Sell: How Displaying Your Products Can Increase Your Sales |
by Victor Antonio
Everyone knows that ‘demo-ing’ a product and showing how it can help the prospect will increase the likelihood of it being sold. But what about just showing or displaying the product? Does the simple act of just viewing or seeing the product increase the product’s desirability in the buyer’s eyes?
A study by Janet Metcalfe and Walter Mischel sought to answer that very question. Does simply viewing a desired item increase a person’s impatience for obtaining the product? In one study a child is offered a reward and is presented with two options.
The child can accept the reward immediately being offered (immediate gratification), or Wait 15 minutes and be offered a better reward (delayed gratification).
What would you do? You’re probably thinking, ‘That’s an obvious decision, delay the gratification and wait the 15 minutes.” Well, you might be surprised by the results.
When the reward being offer was “out of sight” (i.e., could NOT be seen by the child), a whopping 75% of the children would wait 15 minutes. But, when the reward was “in sight” (i.e., could be visually seen by the children), the average delay time they were willing to wait dropped to 1 minute. None of the children were willing to delay gratification for 15 minutes when the reward was within their visual reach.
Metcalfe and Mischel referred to the showing of the reward as a ‘hot stimuli’; hot because seeing the reward activated a part of the child’s wiring that created a desire to acquire and the need for immediate gratification.
How can this help you in selling?
At a recent seminar I attended, the speaker at the front of the room was doing his product pitch. Behind him and off to each side was a well-dress table with the speaker’s product elegantly displayed atop them. Whether the speaker knew it or not (I think he knew), by displaying the products, he was taking his cue from the Metcalfe and Mischel study. The speaker was using a ‘hot stimulus’ or reward (i.e., the product on display) hoping to activate audience members with a need to acquire and create a need for immediate gratification to boost his sales.
In one-on-one sales presentations I’ve witnessed in the past, a salesperson will bring the product to the meeting and place it off to the side while talking to the prospect. As the salesperson describes the product, the prospects eyes are drawn to the product itself. Just seeing the product activates the prospect's curiosity and desire to acquire.
If you believe the study, then it should be obvious that showing up with a sample of what you’re selling will always put you in a better position to sell it.
What if you just want to ‘display’ a brochure or catalog as opposed to bringing the product to a meeting? The effect may not be the same. To a prospect, a brochure or catalog may be seen as an extension of the product (i.e., reward out-of-sight) and may not ‘activate’ that desire to acquire.
In sales there is no killer approach that will close 100% of the deals all the time, but if displaying your products can improve your chances to close a few more deals, why not do it?
I hope this will help you in some way. Take care!
|© Copyright @ 2004 Keynote Resource Inc. All rights reserved. Permission is granted for linking to web pages within Keynote Resource
Keynote Resource speakers bureau can help you find the ideal keynote speakers for your next event. We represent inspirational speakers, motivational speakers, corporate entertainment and more.
Keynote Resource speakers bureau will find the perfect keynote speaker for your upcoming event, whether you are looking for inspirational speakers with a message, motivational speakers to set the tone of your conference or a facilitator for your annual retreat.
Keynote Resource speakers bureau works closely with executives, meeting planners and training directors to create events that result in highly productive learning or are just plain fun. We can identify business speakers, inspirational speakers or motivational speakers that are well suited to your event, send you videos and press kits to help you with your speaker selection and we’ll work closely with the keynote speakers you hire to ensure they customize their presentations to meet the specific needs of your audience.
We have speakers in all areas including Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin.
We can book speakers for you worldwide, in Canada, New Zealand, Australia, Singapore, Hong Kong, China, Ireland, England, France, Italy, Switzerland, Denmark, Sweden, Brazil and The Bahamas. Click Here to Search A Speaker
Speaker fees are determined based on a number of factors and may change without notice. Fees may vary based on the speaker’s availability, supply and demand, program length and location of the event.
Each fee range listed on this website is intended to serve as a guideline only. In some cases, the actual price quote may be above or below the fee range stated. For the most current fee, please contact your representative directly.