September, 2007

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Channel Marketing Group consultants help distributors and manufacturers build market share by focusing on target markets, developing the right marketing strategy and recommending performance-oriented marketing & sales programs.


Neil Gillespie


David Gordon

Voice Your Opinion | Site Highlights | Contributing Writer | Speaking Dates | Subscriptions |  Unsubscribe | Send to a Friend |

Go and Kill Something!

David Gordon and Neil Gillespie 


There are two ways to increase your business
– either take it away from someone else or “grow the pie” so that there is more for everyone.

There is a science to each approach, consisting of a psychological discipline and a process discipline. The point is, you need to do either or both... grow the pie or take a bigger piece. Above all, avoid waiting for the economy to come back, whether it does or it doesn’t!

At the recent NAED Annual Meeting, we were involved in meetings and focus groups that touched on both issues: grow the pie or take a bigger slice. Both scenarios take a four letter word – work. (Is marketing work??? Oh no! Run for your life!) 

Ah, but not to despair. This kind of work is fun! It’s competitive! It excites and energizes us, and we are going to break our necks to deliver the message with some hard hitting take share techniques in August at the North American Marketing Conference!

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Voice Your Opinion

Distributors: Rate Your Manufacturer

Click here to answer this 18 Criteria survey: This Month: Lamp Manufacturers

Last 3 Month's Survey Results:

Does Your Company Listen to The Market?
Results Report

Over the last 3 months, we posted a survey that asked questions about this subject. 103 organizations responded, mostly distributors.

Distributors felt that their organizations listened to the market, driven mostly by the CEO, but often by the sales, marketing or sales & marketing VP.

Listening methods may not be that effective, though. Most cited "field interviews", followed by survey research and then by phone interviews. I have my doubts about how well organized and structured these interviews are, and how well the feedback is synthesized, analyzed and prioritized for action. If you're just fielding reports of complaints or new wishes as they come in, you're probably not very well organized to synthesize and summarize what the feedback says.

Benchmarking, Anyone?

Distributors that said they do listen to the customer well don't generally benchmark performance or perception of their performance vs competitors. So how do you know how you're really doing. You scored 5 runs. How many did the other team score? CMG's customer perception survey for distributors benchmarks vs competitors. It's the only one like it in the industry.

Manufacturers (only 29) said they benchmark vs competitors more often. I have a feeling that's on product features, however, less on service and franchise performance for the distributor. Since, there were only 29 responses, we can't be conclusive about that. However, we did feel that the distributors would be well served if somebody did this.

So WE decided to. Start watching the results of our surveys on your service performance in the eyes of your distributor customers. It starts today... with the Lamp category. (Click here for a look)

There are a couple of key takeaways we get from this.

First: Listening to the customer, no matter how structured or unstructured, needs to be encouraged and driven from the top. So, CEO's don't ignore your people's desire to do this! And if they aren't asking to do this or already doing it, you should be worried.

Second,  It doesn't seem that most companies have organized feedback systems and disciplines in place. Listening is probably most often random, and because of that, filtered by the sender. You're not going to hear what you need to hear this way. Plus, you won't get enough quantity of responses at any point in time to be able to perform adequate analyses and make good, timely decisions. Isn't that what listening is for?

Neil Gillespie

Site Highlights
 

Distributors: Supplier Planning
  Field tested best practices for evaluating and planning with suppliers to take some share!
Manufacturers: Distributor Programs and Co-op Marketing
  How to segment your distributors to maximize effectiveness of differentiated marketing programs and co-op approaches.

Contributing Writer

What It Really Means to Know Your Market

Todd Taylor

President and Founder,

Taylor Market Media Group

 

Do you really know your market?  By that I mean: Do you know how much available sales potential there is for the products you sell within each one of your accounts?  If you don’t know this you should. This is critical intelligence if you’re intent on taking market share away from your competitors. You need to know where you can take it, and who has it in order to plan the right kind of attack.

 

Many leading distributors have been on to this for a while but they probably don’t talk about it much since they have found it to be a huge competitive advantage. When you build this capability, suppliers flock to you in order to use it. It becomes a focal point for directing sales and marketing efforts. You see where to attack the competition and most importantly, you get ORGANIZED to do it together in a concerted effort.

 

If that’s not enough reason to do it, think about this:

What if a competitor developed a database of sales potential for every account in the territory, complete with estimates by product category, and then targeted YOUR accounts?

I rest my case. So now I’d like to share with you how to do it to your competitors instead of them doing it to you.

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Highlighted Speaking Dates

North American Electrical Marketing Conference

August 11-13, 2002, Toronto

  • Get a bigger piece of the pie with the 7 Steps to Taking Market Share

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