Markets are created, so there are differences between strong and weak markets. Weakness indicates problems in the market, and problems must be solved. However, facing reality, you cannot blindly seek solutions, nor give up, nor rush for quick results. A formula must be remembered: the four-step problem-solving rule.
- What is the problem?
- Why does the problem occur?
- What can solve the problem?
- Is the solution reasonable? For example, if your product has been struggling to gain traction in the market, the reasons may include the following four:
- Inadequate market development (1) Incomplete sales network; (2) Limited distributor resources, resulting in insufficient market coverage, service, and maintenance capabilities; (3) Distributors do not value or identify with your product, do not prioritize it, and there are serious deficiencies in channel push; (4) Incomplete terminal outlet coverage; (5) Poor channel cohesion, high volatility, and low stability.
- Weak consumer pull Poor product awareness and low consumer acceptance. Even if customers actively promote, terminal products move slowly for a long time, leading to inventory backlog, which dampens customer enthusiasm and confidence.
- Inadequate sales execution Poor implementation of sales policies, chaotic pricing system, no profit for channel members, poor customer relationship maintenance, and ineffective market promotion and consumer promotions. As a result, key factors for boosting sales such as product distribution rate, display quality, and image building show no improvement. Once you identify the problem and analyze why, it is easy to find solutions, but the headache is what to rely on to solve the problem. However, there are multiple solutions, but which one is most suitable, or which combination is most suitable, is the key. Based on the analysis of the above reasons, there are five ways to solve the problem.
- Strengthen your own sales force Dispatch sales backbone or recruit sales elites to fill gaps in weak markets, eliminate weaknesses, and develop the market. Assist distributors in developing downstream markets to enhance their enthusiasm and identification. Alternatively, collaborate with distributors to organize a controllable team dedicated to your product, addressing shortcomings that affect sales improvement: distribution rate, sample rate, promotion rate, visit rate, delivery rate, training rate, etc. Improve sales efficiency by enhancing human quality, stimulating the initiative and enthusiasm of upstream and downstream customers.
- Adjust channel operation limitations Break the limitation of distributors monopolizing product distribution rights. Based on product characteristics and category differences, assign different distributors to operate, allowing them to leverage their strengths or channel advantages, and also create mutual checks and balances. Alternatively, divide the market into smaller regions and set up multiple distributors, using their competitive forces to quickly fill gaps and boost sales. These are just solutions; the practical details of manufacturer-distributor game-playing and balancing depend on the salesperson's control and skills.
- Layout terminals based on product characteristics Based on product positioning and consumer needs, arrange suitable and effective terminals. This is the foundation for product movement. Do not be greedy to dominate all terminals: don't have eyes bigger than your stomach; don't limit the product to hypermarkets and chain supermarkets. Plan and grade terminals reasonably according to product type, grade, company strength, resources, target consumer groups, and consumption habits. This ensures orderly and effective key distribution, sampling, and maintenance at each terminal, optimizing resource investment and strengthening terminal construction.
- Strengthen sales performance assessment The strength of a market is not only related to corporate strategy and tactics but also to the quality of sales personnel in that market. The key to enhancing personnel quality, besides training and learning, is to supervise and assess the actual work of salespeople. Change the traditional assessment method that emphasizes results over process, and use performance indicators as the benchmark to ensure balanced, stable, and healthy market development. If salespeople are evaluated solely by results, it is difficult to ensure that product distribution, display, promotion, maintenance, and expense support are effectively and reasonably implemented at each stage, leading to skill or focus shortcomings during the sales process. This is also a factor affecting market strength trends.
- Enhance terminal promotion and publicity The purpose of promotion or sales promotion is threefold: 1. Promote the brand, 2. Boost sales, 3. Attack competitors. In a weak market, using promotion and publicity to increase product awareness, enhance consumer acceptance, and expand brand competitiveness is one of the quickest ways to pull or push the market: a dramatic turnaround. By planning promotion methods, steps, and locations, you can systematically promote the brand and product, boost terminal sales, expand the consumer base, and ensure smooth flow from top to bottom, activating the channel. Only then is the market truly developed. It is easy to come up with plans to change the market, but which method is most suitable for your company? Which is most suitable for your current situation? What suits you best is the most perfect, even imitation is not wrong. Because innovation comes from recombining, subverting, and changing old things, but these combinations, changes, and subversions must be decided based on your own circumstances. Therefore, you must adjust, change, and subvert your product's market position based on the links that need adjustment most, your company's strength, and the operational methods you are best at. -END- Content Selection Click the title below to read directly: [Line Sales Representative Practical Operation Guide (with full PPT download attached)
