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Key Terms
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call reluctance  Not wanting to contact a prospect or customer.
center of influence method  A method of prospecting whereby the salesperson finds and cultivates people who are willing to cooperate in helping to find prospects.
cold canvass prospecting method  A method whereby the salesperson contacts as many leads as possible with no knowledge of the business or individual called upon.
customer service  Activities and programs provided by the seller to make the relationship a satisfying one for the customer.
direct-mail prospecting  The process of mailing advertisements to a large number of people over an extended geographical area.
endless chain referral method  A method of prospecting whereby a salesperson asks each buyer for a list of friends who might also be interested in buying the product.
exhibitions and demonstrations  A situation in which a firm operates a booth at a trade show or other special-interest gathering staffed by salespeople.
lead  A person or organization who might be a prospect.
networking  The continuous prospecting method of making and utilizing contacts.
observation method  The process of finding prospects by a salesperson constantly watching what is happening in the sales area.
orphaned customers  Customers whose salesperson has left the company.
parallel referral sale  Not only selling a product but also selling the idea of giving prospects' names as well.
prospect  A qualified person or organization that has the potential to buy a salesperson's good or service.
prospecting  The process of identifying potential customers.
prospect pool  A group of names, gathered from various sources, that are prospective buyers.
qualified prospect  A prospect who has the financial resources to pay, the authority to make the buying decision, and a desire for the product.
referral  A prospect who has been referred to a salesperson by another person.
referral cycle  Provides guidelines for a salesperson to ask for referrals in four commonly faced situations experienced by salespeople.
sales process  A sequential series of actions by the salesperson that leads toward the prospect taking a desired action and ends with a follow-up to ensure purchase satisfaction.
telemarketing  A marketing communication system using telecommunication technology and trained personnel to conduct planned, measurable marketing activities directed at targeted groups of consumers.
telephone prospecting  The process of reaching potential customers over the phone.







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