How Manufacturers Become Their Reps' Emotional Favorite

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Why do manufacturers' reps spend more time on a particular principal's line than the line's income strictly justifies? Because that manufacturers' business practices make that manufacturer the reps' emotional favorite.

Transcript of How Manufacturers Become Their Reps' Emotional Favorite

Page 1: How Manufacturers Become Their Reps' Emotional Favorite
Page 2: How Manufacturers Become Their Reps' Emotional Favorite

Charles CohonCEO & President

Manufacturers’ Agents National Association

[email protected]

(877)626-2776

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10% Income, 20% Time. Why?

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Jack BermanBob Reiss

It’s Not Just Business.

It’s Personal.

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19 Categories

It’s Not Just Business. It’s Personal.

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19 Categories

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4

It’s Not Just Business. It’s Personal.

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• Respect my company

and accomplishments.

• Make me look good to

my customers.

It’s Not Just Business. It’s Personal.

Rep Company Pride

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Appreciate the rep

rep friendly/part of the family

Respect my company and accomplishments

It’s Not Just Business. It’s Personal.

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Appreciate the rep

rep friendly/part of the family

Communicates quickly and accurately:

reports, quotes, samples,

answers, quality issues

Make me look good to my customers.

It’s Not Just Business. It’s Personal.

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Appreciate the rep

rep friendly/part of the family

Communicates quickly and accurately:

reports, quotes, samples,

answers, quality issues

Collaborative style

Respect my company and accomplishments

It’s Not Just Business. It’s Personal.

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Appreciate the rep

rep friendly/part of the family

Communicates quickly and accurately:

reports, quotes, samples,

answers, quality issues

Collaborative style

Pays on time

Respect my company and accomplishments

It’s Not Just Business. It’s Personal.

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Appreciate the rep

rep friendly/part of the family

Communicates quickly and accurately:

reports, quotes, samples,

answers, quality issues

Collaborative style

Pays on time

Profitable

Respect my company and accomplishments

It’s Not Just Business. It’s Personal.

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Coaches can devise innovative plays designed to fool their opponents, but if teams struggle with blocking and tackling the creativity won't matter.

The building blocks of football are blocking and tackling. This is true at the highest and lowest levels of the game.

http://www.livestrong.com/article/108549-oneonone-youth-football-tackling-speed/

Blocking and Tackling (from Livestrong.com)

It’s Not Just Business. It’s Personal.

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Emotional Favorite

It’s Not Just Business. It’s Personal.

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Appreciate the rep

rep friendly/part of the family

Communicates quickly and accurately:

reports, quotes, samples,

answers, quality issues

Collaborative style

Pays on time

ProfitableTrainingExclusive TerritoriesFun to work with

Great Products

Sales Tools

Synergy

Tech Support

Understands the rep model

Empowering

Golden Rule

Great Infrastructure

Great MarketingLong term approach

Skilled presenter

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The rep you want:

• Rep Company Pride

It’s Not Just Business. It’s Personal.

• Reinforce

• Contradict

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…want LEIA, to be Loved,

Encouraged, Inspired and

Appreciated.

It’s Not Just Business. It’s Personal.

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If you invest your time,

treasure and talent into

building "real relationships"

with your reps, THEY will

kick down walls and set

records for you!

It’s Not Just Business. It’s Personal.

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Reps and salespeople

want …to KNOW you

care and they want to

FEEL like they are your

PRIZED RACE HORSES!

It’s Not Just Business. It’s Personal.

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The companies who … get an

Unfair Advantage…

•Are fun to work with.

•APPRECIATE the work that we

do for them.

•Take care of issues (quality,

quotes, lead time, etc) quickly!

It’s Not Just Business. It’s Personal.

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• Respected and appreciated by

the principal….

• A "member of the family…"

• Top-notch support …

• Never play games with the

(commission) plan, make

unilateral changes to it, or be

delinquent on payments...

It’s Not Just Business. It’s Personal.

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…“treat everyone as you

would like to be treated"

or "do unto others as you

would have them do unto

you" works every time.

It’s Not Just Business. It’s Personal.

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Training is key. You lose (reps’)

interest if they cannot explain

your products. Show that your

organization needs them and

you are willing to give full

support. I guarantee they will

be your partners forever!

It’s Not Just Business. It’s Personal.

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ManaEbook.com

It’s Not Just Business. It’s Personal.

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Not Emotional Favorite

It’s Not Just Business. It’s Personal.

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If I do too much

business, they might:

It’s Not Just Business. It’s Personal.

1. Replace me with

in-house personnel

2. Cut the commission

3. Shrink my territory.

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better prices or terms

than I am empowered to

give.

It’s Not Just Business. It’s Personal.

They give my customers

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They don’t listen to my

input, and afford me no

respect for my

experience.

It’s Not Just Business. It’s Personal.

Communication:

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goals or have no

shared goals or

expectations.

It’s Not Just Business. It’s Personal.

They don’t set realistic

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don’t understand the

business.

It’s Not Just Business. It’s Personal.

They hire regional

sales managers who

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customer service

department

It’s Not Just Business. It’s Personal.

They have a poor

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It’s Not Just Business. It’s Personal.

1. Ship on time

2. Innovate enough new

products

3. Tell the truth

4. Understand the rep

business

Principals who don’t always:

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Principals who:

It’s Not Just Business. It’s Personal.

1. Expect too much from the

rep in terms of collecting

bills.

2. Talk to my buyers without

keeping me in the loop.

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1. Have too many “house

accounts” in my territory.

2. Have poor follow-through

and don’t pay attention to

detail.

3. Hide problems.

It’s Not Just Business. It’s Personal.

Principals who:

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Why are certain lines

favored over others?

It’s Not Just Business. It’s Personal.

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1. The principals treat us like

partners.

2. We know the products and are

therefore comfortable selling them.

3. Commissions are fair in rate,

amount, split, and are paid on

time.

It’s Not Just Business. It’s Personal.

Why are certain lines

favored over others?

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1. The principal responds

promptly.

2. The products are of good

quality.

3. The factory is easy to work with.

4. Customer acceptance.

It’s Not Just Business. It’s Personal.

Why are certain lines

favored over others?

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1. Principals meet delivery

commitments.

2. Personal relationships with

the principal.

3. Good catalogs and selling aids.

It’s Not Just Business. It’s Personal.

Why are certain lines

favored over others?

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1. Fits synergistically with our

other lines.

2. Principal is customer-oriented.

3. Good income potential.

4. Reasonable paperwork

requested.

It’s Not Just Business. It’s Personal.

Why are certain lines

favored over others?

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What discourages reps?

It’s Not Just Business. It’s Personal.

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1. Slow response - lack of

enthusiasm.

2. Lack of support and

understanding.

3. Late payment of commission.

4. Unreliable products and/or

delivery.

It’s Not Just Business. It’s Personal.

What discourages reps?

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1. Poor product training.

2. Not competitive

3. Regional Managers

a) Micro-manage

b) Too aggressive

c) Lack product knowledge

It’s Not Just Business. It’s Personal.

What discourages reps?

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1. Excessive unprepared

factory visits.

2. Management by

intimidation.

3. Unrealistic quotas and

budgets.

It’s Not Just Business. It’s Personal.

What discourages reps?

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1. Poor product training.

2. Constant turnover in

personnel, including regional

managers.

3. Untrained inside people

Rude, hostile.

4. Difficult to work with.

It’s Not Just Business. It’s Personal.

What discourages reps?

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What should a mfr.

do to get maximum

attention from reps?

It’s Not Just Business. It’s Personal.

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1. From the top down, I would

instill and monitor an

attitude that we are a team

and that the rep is our

partner.

It’s Not Just Business. It’s Personal.

What should a mfr. do to get

maximum attention from reps?

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What should a mfr. do to get

maximum attention from reps?

It’s Not Just Business. It’s Personal.

1. Monitor customer service

people to respond promptly

2. Maintain good product

training on a regular basis.

3. Mail commissions on time -

same day each month

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1. Publish a newsletter reporting

rep successes.

2. Minimize reports and

paperwork.

3. Provide extra commissions as

incentives.

4. Set mutual goals with reps.

It’s Not Just Business. It’s Personal.

What should a mfr. do to get

maximum attention from reps?

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1. Set mutual goals with

representatives.

2. Pay maximum possible commissions

and be fair on split commissions.

3. Provide best sales tools possible

4. Establish and listen to Rep Councils.

It’s Not Just Business. It’s Personal.

What should a mfr. do to get

maximum attention from reps?

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Why do you get MORE

than your fair share

from some Reps?

It’s Not Just Business. It’s Personal.

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1. Dollar income they receive on

our line.

2. Success with our line.

3. Potential for the future.

4. Factory Support we give them.

5. Personal Relationships.

It’s Not Just Business. It’s Personal.

Why do you get MORE than

your fair share from some Reps?

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1. Product Training.

2. Synergistic Lines.

3. Prompt Communications.

4. Easy-to-sell Products.

5. Competitive Pricing.

It’s Not Just Business. It’s Personal.

Why do you get MORE than

your fair share from some Reps?

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Why do you get LESS

than your fair share

from some Reps?

It’s Not Just Business. It’s Personal.

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1. Not as Big as Other Lines

2. Poor Synergy With Other Lines

3. Too Many Lines

4. Rep Not Interested in Long

Haul

It’s Not Just Business. It’s Personal.

Why do you get LESS than

your fair share from some Reps?

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1. General Lack of Enthusiasm

2. Poor Communications

3. Our Neglect

4. Poor Penetration

5. Bad Relationships

It’s Not Just Business. It’s Personal.

Why do you get LESS than

your fair share from some Reps?

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What indicates that

reps are giving you

more than your

fair share?

It’s Not Just Business. It’s Personal.

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A lot of activity as indicated by:

1. Phone calls

2. Sample Requests

3. Questions

4. Applications - etc.

It’s Not Just Business. It’s Personal.

What indicates that reps are

giving you more than your

fair share?

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A lot of activity as indicated by:

1. Increasing Sales

2. Consistent Growth

3. New accounts

4. Good lead handing

5. Requests for Factory Visits

It’s Not Just Business. It’s Personal.

What indicates that reps are

giving you more than your

fair share?

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What indicates that

reps give you less than

your fair share?

It’s Not Just Business. It’s Personal.

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What indicates that reps

give you less than your

fair share?

It’s Not Just Business. It’s Personal.

1. Tardiness in returning calls

2. Lack of product knowledge

as seen by confusion, dumb

questions, overlooked

applications.

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1. Not asking the questions

they should need answers to.

2. Contrived customer visits on

the arrival of the principal.

It’s Not Just Business. It’s Personal.

What indicates that reps

give you less than your

fair share?

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What are your

people doing to get

MORE than their fair

share?

It’s Not Just Business. It’s Personal.

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1. Improved product training.

2. Increased territory visits -

jointly planned.

3. Sending more technically

trained people in the field to

help reps and customers.

It’s Not Just Business. It’s Personal.

What are your people doing

to get MORE than their fair share?

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1. Freer flow of samples.

2. Participation in Regional Shows

3. Newsletters on Products and

Applications

4. Recognition/Rep of the Month.

5. National Sales Meetings

It’s Not Just Business. It’s Personal.

What are your people doing

to get MORE than their fair share?

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1. Reduced Paperwork

2. Weekly phone calls

3. Regional Managers are spending

more time with less active reps.

4. Commission Incentive programs.

5. Performance Reviews

It’s Not Just Business. It’s Personal.

What are your people doing

to get MORE than their fair share?

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Inspect!

It’s Not Just Business. It’s Personal.

Don’t just expect.

Page 67: How Manufacturers Become Their Reps' Emotional Favorite

Charles CohonCEO & President

Manufacturers’ Agents National Association

[email protected]

(877)626-2776

Page 68: How Manufacturers Become Their Reps' Emotional Favorite