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News / Blog: #service

What is a sales pitch?

12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A sales call is a conversation in which a salesperson attempts to sell a customer a product or service. It can also be an informal conversation in which a salesperson attempts to establish a relationship with a customer or to generate the customer's interest in a particular product or service. Sales calls are an essential part of sales tactics.
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What is pricing?

12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Pricing is the strategy a company uses to determine the prices for its products and services. It involves analyzing market conditions, costs, and other factors to determine a price that is attractive to consumers and maximizes the company's revenue. Pricing can also be a tool for companies to make their products or services stand out compared to those of their competitors.
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What is a sales tool?

12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A sales tool is a specific strategy, method, or tactic that a company uses to sell its products. Examples include sales promotion, pricing, sales techniques, advertising, direct sales, and customer service.
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What is a distribution network?

12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A distribution network is a systematic network of organizations involved in the marketing and distribution of products or services. The network may consist of a group of wholesalers, retailers, customer service companies, logistics companies, manufacturers, suppliers, distributors, resellers, and other organizations that help get a product or service to end users.
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What is direct selling?

12/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Direct selling is a type of sales strategy in which companies sell their products or services directly to end consumers without the intermediation of a middleman. Direct selling is often implemented through sales representatives or multi-level marketing companies. Direct selling allows companies to sell their products without the cost of an intermediary, thereby earning more profit. In addition, direct sales can help companies establish customer contacts that can be useful for further sales.
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