Loyal Customers are Your Biggest Asset
Distributor owners know, without a doubt, that people are their biggest asset. They are correct in that nearly 60 percent of all gross margin dollars go to paying employees, but that’s not what I have in mind. People are important to salespeople and often the importance transcends a purely business relationship. Long-term customers often become friends, allies, and occasionally future business partners. Moving a person from a stranger to an important customer, business ally, or even a personal friend, is a time-consuming and difficult process. Here is a rough and simplified outline: 1. Identify the person who might have the ability to influence the purchase. 2. Gather background information on this prospect. 3. Determine the points/product features the prospect considers important. 4. Provide information and answer questions to build credi...