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Understanding Sales and Customer Service
Sep 25, 2024
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Lecture Notes: Sales Process and Customer Service
Customer Engagement
Definition
: Contact between business and customer.
Example
: Click and collect - purchasing online and collecting in-store.
After-Sales Service
Importance
: Support and advice after purchasing a product or service.
Product Knowledge
Role of Employees
:
Support and persuade customers.
Help potential customers.
E-commerce
Definition
: Buying physical items online.
Impact on Business
:
Creation of specific departments, e.g., online sales.
Variety of delivery options like click and collect.
Staff training for 24/7 selling availability.
Pros for Business
:
Easy market access, worldwide sales.
Reduced overheads and fixed costs.
Potential for rapid growth and market expansion.
24/7 availability appealing to customers.
Cons for Business
:
Worldwide competition.
Higher delivery and return costs.
Risk of hacking; need for online security.
Keeping up with technology advances.
Pros for Customers
:
Easy price comparison.
24/7 availability.
Wider range of products.
Cons for Customers
:
Lack of physical contact with products.
Potential issues with returns and delivery.
Face-to-Face Selling
Definition
: Direct selling between buyer and seller.
Pros for Business
:
Fewer returns, reduced costs.
Opportunity to upsell products.
Enables click and collect.
Cons for Business
:
High fixed costs for physical stores.
Increasing online shopping trend.
Pros for Customers
:
Receiving advice and support.
Ability to try on products.
Cons for Customers
:
Poor in-store service at times.
Travel costs involved.
Telesales
Definition
: Buying over the phone.
Pros for Business
:
Fewer premises needed, reducing fixed costs.
Good for targeting older customers.
Cons for Business
:
Smaller businesses may lack staff.
Need for staff training in telesales.
Pros for Customers
:
Comfort for older customers.
Access to advice and support.
Cons for Customers
:
Discomfort with cold calling.
Inability to see products.
Customer Service
Definition
: Handling customer inquiries.
Benefits of Good Service
:
Builds trust and brand loyalty.
Encourages repeat customers.
Increases brand awareness.
Drawbacks of Poor Service
:
Erosion of trust and loyalty.
Loss of customers and brand awareness.
End of lecture notes.
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