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Filed under: Tip of the Day
After a big merger and many management shifts, distributor Active Concepts (asi/104857) has lost a major pharmaceutical company as a client. Here are four ways for owner Debbie Honig to win the client back.\
- Ask for referrals. Honig should speak to any contacts she has within the client company and try to get them to refer her to the new decision-makers. Internal contacts often have a lot of influence on how executives make purchases. Honig should be using these contacts to her advantage as much as possible.
- Target decision-makers. Once she identifies exactly who is making the purchasing decisions, Honig should target those people with her marketing and sales efforts. During a merger and management shift, the key for a former vendor is to get in the good graces of any new decision-makers. It may feel like starting from square one with a client you already know, but in reality this is a completely new client. New buyers equals new client.
- Provide ideas. Honig needs to stay relevant with this company by offering those decision-makers marketing and promotion ideas. Active Concepts knows the client’s business quite well, considering Honig has done work for them for years now. Put that experience to use by offering marketing ideas that provide solid returns on the client’s investment.
- Go to a trade show. Can’t get into a former client’s office? Go to a trade show where they’re exhibiting. They’re probably using promotional products there anyway, so it could be a great place to begin a conversation with new contacts.
From Counselor’s July 2010 issue.
Filed under: Uncategorized
Guest blogger and ASI Marketing Manager Jake Krolick dishes on the newest ASI Store addition, ESP Results Screen Advertising, or ”Pay For Placement”.
The world is a competitive place. Everyone is trying to get a leg up on everyone else. Just think about your everyday life: At the supermarket it’s good to be in the front of the line as opposed to the back, and it seems that on check-out it becomes a race with your fellow shoppers. I was at a concert last week and had seats in the 25th row. Now, my seats were OK, but I was watching the front rows with envy of their unobstructed sight lines and better overall experience. At the airport, first-class passengers and frequent flyers get the first rows on the plane, plus expedited boarding and check-in. Being ahead of shoppers, concert goers or passengers is not a necessity, but can make your life easier and more enjoyable. However, when it comes to business, being ahead of your competition is a necessity.
ESP Pay for Placement works just like the everyday examples above. You pay for an optimal spot at a concert or on a plane just like you pay for a product position in the first six spots in a specific category on ESP. Pay for Placement puts your product at the top of the page, where distributors are more likely to see and click through into your product details. This way your product is being seen more frequently and ultimately gaining that much more business for your company. You purchase impressions in those positions, so the more time you want to stay in those top positions, the more impressions you would need to purchase. FYI: An impression is counted as the number of times your product appears on the results page, loaded in the position you paid for, when your specific product is searched.
So should you use ESP Pay for Placement? That depends on a few factors: How many products you have, the amount of money you have to spend on advertising, how fast you’d like to grow, and how often you’d like your phone to ring. If you have only one product that is highly specialized, then perhaps Pay for Placement is not for you. However, if you sell a product that places you against several other companies with the same product, then it most certainly is a great advertising solution. Pay for Placement is not free, so you will need to work within your advertising budget to see what you can afford. I would recommend that you use 20%-30% of your budget for ESP Pay for Placement. If you’re happy with the business that you currently receive and would rather not be busier, then Pay for Placement is also not for you. But, if you would like more orders, then ESP Pay for Placement is one of the best and fastest ways to make your phone ring.
Interested in learning more about Pay for Placement? Click here.
Filed under: Tip of the Day
When customers call you for ideas on their next apparel promotion, they’re often undecided on exactly what they’re looking for. As a distributor, this gives you the advantage to pitch options across multiple price points. Presenting low-, medium- and high-end choices encourages clients to purchase outside of their professed budgets.
How do you encourage your client to buy a higher-priced and better-quality product? For Rachel Rose, field service manager with Regency Office Products (asi/306196), the formula involved slowly presenting options higher up on the price ladder. “I always go with something right at the customer’s budget, something a few dollars above and something significantly above,” she says. “I find that customers are so open to new and creative ideas that if you can bring a significant value to their promotion and create a true campaign for them, the dollar amount is no longer a concern.”
Rose was contacted by a company that initially only expressed an interest in a low-end promotional product for its safety promotion. Instead of focusing on just logoed stickers, Rose presented the client’s reps with products for an entire safety program. What had started as 500 logoed stickers wound up being an order including safety cones and hard hats. When Rose first spoke with the client, they announced a budget of $200. But after she successfully (and slowly) convinced her clients of other items, Rose walked away with an order totaling $1,492.
The key to that kind of upsell is proving your expertise and clearly explaining the features and benefits of a variety of items. Kathy Richard, sales director for Credeur’s Sports & Specialties (asi/170993), shows her clients that she is well-versed in the industry by offering various items at different price points. “Because our business is so competitive, there will always be someone out there who will lowball your client just to get their foot in the door,” she says. “But if I offer low, mid and high pricing to my customers, it lets them know that I have done my research thoroughly and I’m giving them the best possible choices.”
From Counselor’s July 2010 issue.
Filed under: site updates
For the July issue of Stitches magazine, Editor Nicole Rollender went in search of the 20 people who are shaking up the decorated apparel market right now with their innovative ideas. From those toying with new decorating techologies to those taking digitizing to a whole new level, Nicole came up with a great list of the industry’s most creative thinkers.
And we here at ASICentral came up with a creative and interactive way to display them.
Presenting the decorated apparel’s 20 Creative Thinkers, online style! Click here to check it out.
Enjoy!
–ThinkTank
Filed under: Tip of the Day
David Zahn, president of ZAHN Consulting LLC, has been training salespeople since 1990. “I have seen both the eagles that soar and the turkeys that sink,” he says. Here he provides his own list of most-common myths, and the truth behind them.
1. Myth: Scan the office and comment on a picture, trophy, or find something that aligns you with the buyer.
Reality: Many buyers are offended by this and see it as being a “tactic” that is insincere. So much so, that Walmart refuses to allow vendors into the buyers’ offices and forces the conversation to occur in a windowless, artless, non-personal space to avoid any chance of that happening.
2. Myth: People buy from friends.
Reality: Buyers buy from people they envision can solve problems within their own organizations. Especially in sales that are heavily technology-based and require purchase of software or hardware that the purchasing organization has not used before, the buyer wants to know that should something go wrong, there is one person that he can call to get it fixed. Zahn had one buyer tell him that he wanted to know that if something went south, he knew which one neck he had to choke to get it right.
3. Myth: Sales were lost because a competitor had a better price.
Reality: More sales are lost to no decision than to competition. Even when sales go to the competition, it is not because of price in a large percentage of instances, but because the winning salesperson/team did a better job of meeting a need and helping the buyer visualize a solution.
4. Myth: Buyers are swayed by product features.
Reality: Buyers are buying a business answer and not a product. What the buyer is purchasing is a solution to a problem (an opportunity to increase productivity/increase efficiency/reduce turnover, etc.). Sales will often “blame” marketing for the lack of product features, when the reality is that the salesperson has not done a sufficient job of converting the prospect’s business issues into a solution provided by the product or service. No one “buys” a feature. They buy what it provides for them.
5. Myth: Lower price wins.Reality: If all things are equal, sure, a lower price is more attractive. However, the role of the salesperson is to ensure that all things are not equal and that there is value to doing business with him/her/the company that exceeds the “savings” of the lower price.
From Advantages magazine.
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