A sale is the pinnacle activity involved in selling products or services in return for money or other compensation. It is an act of completion of a commercial activity.

The "deal is closed", means the customer has consented to the proposed product or service by making full or partial payment (as in case of installments) to the seller.Fact: date=July 2007

A sale is completed by the seller, the owner of the goods. It starts with consent (or agreement) to an acquisition or appropriation or request followed by the passing of title (property or ownership) in the item and the application and due settlement of a price, the obligation for which arises due to the seller's requirement to pass ownership, being a price the seller is happy to part with ownership of or any claim upon the item. The purchaser, though a party to the sale, does not execute the sale, only the seller does that. To be precise the sale completes prior to the payment and gives rise to the obligation of payment. If the seller completes the first two above stages (consent and passing ownership) of the sale prior to settlement of the price the sale is still valid and gives rise to an obligation to pay.

Sales techniques

The sale can be made through:

• Direct sales, involving person to person contact
• Buying Facilitation Method
• Pro forma sales
• Agency-based
• Sales agents (real estate, manufacturing)
• Sales outsourcing through direct branded representation
• Transaction sales
• Consultative sales
• Complex sales
• Consignment
• Telemarketing or telesales
• Retail or consumer
• Door-to-door or traveling salesperson
• Request for proposal – An invitation for suppliers, through a bidding process, to submit a proposal on a specific product or service. An RFP is usually part of a complex sales process, also known as enterprise sales.
• Business-to-business – Business-to-business sales are much more relationship based owing to the lack of emotional attachment to the products in question. Industrial/Professional Sales is selling from one business to another
• Electronic
• Web – Business-to-business and business-to-consumer
• Electronic Data Interchange (EDI) – A set of standard for structuring information to be electronically exchanged between and within businesses
• Indirect, human-mediated but with indirect contact
• Mail-order
• Sales Methods:
• Selling technique
• SPIN Selling
• Consultative selling
• Solution selling
• Strategic Selling
• Sales Negotiation
• Reverse Selling
• Paint-the-Picture™

Sales agents

Agents in the sales process can be defined as representing either side of the sales process for example:

Sales broker or Seller agency or seller agent:This is a traditional role where the salesperson represents a person or company on the selling end of the deal.

Buyers broker or Buyer brokerage:This is where the salesperson represents the consumer making the purchase. This is most often applied in large transactions.

Disclosed dual agent:This is where the salesperson represents both parties in the sale and acts as a mediator for the transaction. The role of the salesperson here is to over see that both parties receive an honest and fair deal, and is responsible to both.

Transaction broker:This is where the salesperson doesn't represent either party, but handles the transaction only. This is where the seller owes no responsibility to either party getting a fair or honest deal, just that all of the papers are handled properly.

Sales Outsourcing: This is direct branded representation where the sales reps are recruited, hired, and managed by an external entity but hold quotas, represent themselves as the brand of the client, and report all activities (through their own sales management channels) back to the client. It is akin to a virtual extension of a sales force. (see Sales Outsourcing entry)

Sales Managers:It is the goal of a qualified and talented sales manager to implement various sales strategies and management techniques in order to facilitate improved profits and increased sales volume. They are also responsible for coordinating the sales and marketing department as well as oversight concerning the fair and honest execution of the sales process by his agents.

Salespersons: The primary function of professional sales is to generate and close leads, educate prospects, fill needs and satisfy wants of consumers appropriately, and therefore turn prospective customers into actual ones. The successful questioning to understand a customer's goal and requirements relevant to the product, the further creation of a valuable solution by communicating the necessary information that encourages a buyer to achieve their goal at an economic cost is the responsibility of the salesperson or the sales engine (e.g. internet, vending machine etc). A good sales person should never miss sell or over evaluate the customers requirements.