Please do not leave this page until complete. This can take a few moments.
While strong emotional intelligence and relationship building best practices can lead to success, here are some worthwhile areas of focus related to forming and growing mutually beneficial distributor relationships.
5) Strategy. Manufacturers need to go beyond providing basic training on their products. Fast track distributor performance by sharing proven approaches from the internal sales playbook. It is reasonable to expect these tactics will need to be customized for the specific territory, but success is ultimately likely.
4) Collaboration. At Organomation, I represent a respected brand in the sample preparation instrumentation industry. While providing highly desirable solutions is ideal, in certain circumstances, it has led to prospective distributors overpromising in an effort to gain representation rights. Ideally, both parties will share market information and craft reasonable expectations together.
3) Investment. No matter how strong the product portfolio, sales in the territory will likely not increase solely due to having a new representative. Although an initial bump could come from distributors introducing the brand to their key accounts, this might not be a long-term growth driver. Manufacturers need to consider how they can best provide the distributor with leads beyond organic, inbound prospects coming through the manufacturer’s website.
As trade shows are still important in the laboratory equipment space, Organomation has benefited from presenting products at trade shows with a key distributor, within its sales territory. Achieved targets were lead generation, in-person sales training, and team building.
2) Support. Treat distributors like customers in terms of providing timely responses and an urgency in solving problems. Manufacturers do a disservice to all involved, including the end user likely behind the distributor’s inquiry, if they do not provide expertise on demand.
1) Authenticity. Manufacturers should not be afraid to discuss the challenges they are experiencing. Whether it be a sourcing problem leading to production delays or a product deficiency relative to a competitor’s offering, avoiding these truths harms both parties and hinders overall progress.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments