Saturday, March 14, 2015

Here is a "magic formula" for Selling


This recipe is written for our folks at TE Connectivity


Cricbuzz Ka Keeda To Hoga Hi Na, Jab Ho Cricbuzz Ka Mobile App”

With increasing cricket fever Cricbuzz - India’s No. 1 Cricket app launched its TV commercial filled with loads of laughter which revolves around the concept of being cricket bug when you have Crickbuzz app. The Milk Ad features a Cricket Crazy husband engrossed in the Cricbuzz App, and throws the pack of the milk towards his wife, imagining cricket ball in his hand. 

What’s the magic selling formula that TV hucksters use to convince millions of people to pull out a credit card , call an 800 number and place an order for a product they do not need ? The answer may surprise you.
No matter how silly and shifty these TV pitches are, when you scrape away the hucksterism ,you see that they follow a legitimate and proven sales formula that includes creating excitement and curiosity ,identifying a problem, offering a solution, reciting the benefits of ownership , establishing credibility ,adding value, up-selling and ending it all with a strong call to action.

Here’s how it works

Without exception these TV Pitches are delivered by people who are wildly enthusiastic and breathlessly excited about the product they are hawking. Excitement,apparently phony over-the-top excitement,grabs buyers attention and arouses curiosity. They then state a problem ,” The problem with blankets is that they always slip off.” The fact that people really don’t have much trouble managing a blanket is immaterial. The need for their product , no matter if the need is non-existent ,is presented with great conviction.

A lengthy ,fast-moving, and repetitious recital of the benefits of ownership ,complete with product demonstration, is delivered. “You will slice a tomato perfectly every time with one simple motion, and cleanup is a snap ! ” “ You will save time and you get perfectly uniform slices for salads and sandwiches !” they add.

A studio audience paid to ooh and ah and applaud wildly in response to the product demonstrations is often used to establish credibility. Short customer testimonials are sometimes filmed and interspersed throughout
the pitch for the same purpose. Statements like ,”If you have a car ,boat or Yacht , you would be crazy not to own one of these ! “ are typical.

But wait , there is more! “Act now and we will include a second one free of charge. All you pay is shipping and handling.” This offer to double the order appears to be adding value for the buyer, but in reality it’s an up-sell.The shipping and handling charges more than cover the total cost of adding another unit and generate additional profit.

Remember the Domino pizzas cliché coupon codes – RX 100 and get 50% discount on 2 large pizzas today. And you fall for the bait…

The seller creates a sense of urgency “You must act now to get this special offer.” “Have your credit card ready and call within the next 10 minutes, and we will include Sanjeev Kapoor’s recipes at absolutely no extra cost to you.” Some even show a ticking clock counting down the time left to buy (e-bay).

There is a lesson to be learned here. While the products are cheesy and the pitchmen are clownish, sales and marketing fundamentals are being closely followed.

Creating excitement and curiosity, identifying the problem, offering a solution, reciting the benefits of ownership, establishing credibility, adding value, up-selling, and ending it all with a strong call to action will close sales for nearly anyone.

Sd/-
Roohul Haq