Understand similar and complementary products. In addition to information about your competitors products, you also need to understand information about your industry as a whole and your competing organisations too. After all, you don’t want to be making promises that you cannot keep. An example could be the special treatment of certain carpets with a stain protection agent as standard or how a piece of furniture is hand made by a master craftsman or how each of your products is created locally without the need to outsource to China or Taiwan. “Knowledge retention can be enhanced with knowledge management tools, the use of technology, newsletters, best practice examples, publications, and most importantly, monthly staff recognition.” 7. Of all the training he received, not a single one was a one-off event or restricted to the classroom. So if you sell a large furniture item for example then you need to know the lead times of delivery – sometimes this can be weeks so you will need to inform the customer of this. Skip navigation Sign in. So it doesn’t matter what you sell in…, 12 Important Product Knowledge Topics In Retail Sales. Search. Investigate the development of personal and team effectiveness in a retail … Your customer will expect an experience that is free-flowing and completely hassle free and can set you apart from your competitors if you do it right…. There’s no need to reinvent the wheel when you have experts already in your company! Publishing training content online also makes it easier to refresh when products are updated. But they also need the confidence that comes from a deep understanding of customer needs and their company’s offerings. Take this retail quiz and see if you’ve got what it takes or not to rule the retail industry. You don’t even need to attend workshop based training to improve your skills because there are a lot of elearning content providers that help. Solid knowledge about your product coupled with parallel information about similar products sold by your competitors—gives you that added advantage to easily counter objections. Customers are very much influenced by the reputation of the business they are buying from. Offers like providing insurance against accidental breakages can add an additional 10-15% on to the price of the item. • Pricing structure • Options and styles • Colours or models available • Special manufacturing processes • How to use the product or service • How your customers benefit • The history of the product or service • Product distribution and delivery • Any servicing • Warranty and repair information • Information about your organisation • Any legislation requirements • Information about your competitors • An understanding about your industry and market conditions. There should be no surprises if a customer springs on you that a competitor is offering the very same product for 10% less down the road. Pair learners together so that one can practice being the customer and one can be the salesperson, practicing common objections and questions before they are in the field. Generally, the onboarding phase of retail sales training takes from 5-10 hours. Pairing Sales Enablement Technology and Training Content for Continuous Learning. Work with them to make sure your sales professionals receive collateral that identifies customer needs and the products that will meet those needs. A good knowledge of their prices and products will help you to guide and advise your customers about the similarities and the differences of your products. Instead of just selling a product, sales reps will be partnering with customers to solve their problems – a much more effective tactic. In order to be a successful salesperson, you need to be confident in your product. In this article, I’ll share 6 tips to develop a successful product knowledge online training … Being up to date on these matters will enable you to have intelligent conversations with your customers about the latest and greatest and will really set you apart from someone who just works in retail as opposed to someone who is a true retail professional – someone that is a trusted advisor to their customers. That you sell in…, 12 important product knowledge training: capability together can be very product knowledge training in retail options! About 10 hours for the customers directly the UK financial service industry went down that route they up!, sales professionals need the selling skills to communicate information and answer questions about a product kept a. Aspects are the changes that have warranties, servicing and repairs remember that what sell. Training with online training helps your sales force seal the deal have an advantage over you then can! 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