Find out why service is a wholesaler's most important competitive differentiator and what to do about it. Read our blog for more wholesale business tips!
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1. Post Link: Why Service is Your Most Important Competitive Differentiator
Why Service is Your Most Important Competitive Differentiator
For wholesalers selling into retail stores, getting products onto store shelves is all about
differentiating themselves from the competition––never an easy task. At the end of the day,
there really are only a few levers you can pull to differentiate your brand.
Most start with product, as many brands are founded upon the idea of bringing something new
to the market. But unless you’re Apple and can create back-to-back smash hits like the iPod,
iPhone, and iPad, it’s hard to build a long-term competitive moat around product alone.
Imitators will inevitably come to yap at your heels.
Other brands seek to compete on price, but as anyone in this business knows, it’s a slippery
slope and a race to the bottom. It’s not a great long-term business strategy to play the margin
game and try to cut your way into a market leadership position. Unless you can operate at
Amazon scale, this strategy is basically death by a thousand paper cuts.
With these limitations on product and price differentiation, the big opportunity here is clear:
differentiate with customer service.
To define “customer service” in this instance, we are talking about every experience your
customer has with your brand––with your sales reps on the front lines, your back office
customer service team, and your account managers.
2. Let’s take a look at five key strategies you can implement to translate customer service
optimization into real dollars.
1. Set Your Reps Up for Success
A sales rep’s job isn’t easy. They’re often expected to memorize payment terms or special
pricing for each customer. They’re expected to know that customer’s past order history and
most frequently ordered products. On top of that, they may be expected to also find out the
stock levels for each product before walking into a sales meeting.
Many sales managers like to talk about their sales reps’ shortcomings, but to be honest, if
you’re not giving your reps a way to have this information at their fingertips, it’s really on you,
not them. Your reps are having a bad experience because they feel like they don’t have what
they need to succeed, and your customers are suffering because their reps can’t possibly serve
them properly.
Giving your reps mobile apps that put all of this information in their hands is a key element of
setting them up to be successful.
2. Provide a Modern, Convenient Sales Experience
It’s important to remember that when your reps meet with your customers, they are the face of
your brand; they’re your ambassadors. Arming them with great mobile tools makes your brand
look like a modern partner to your customers, which makes your customers feel great about
doing business with you, and makes your reps feel great about representing your brand.
As we know, salespeople often operate on not much more than pure confidence, and you want
them feeling confident with your brand at all times.
3. Replace Transactional Activity With Strategic Insights
B2B sales is complicated. Unlike B2C, every B2B customer is different. Historically, it’s been
nearly impossible to provide real insights from customer-specific data inside the sales
conversation, because there’s just too much of it.
Today, mobile has allowed reps to walk into every conversation with reports and insights that
transform them from an order-taker to a strategic partner. They can offer a retailer data-backed
product recommendations specific to them, or share insights from other customers that they
could benefit from.
4. Deliver Products Or Services As Quickly As Possible
This seems like a no-brainer, but you’d be surprised at how many brands could make some
simple tweaks to their process that significantly speeds up their order fulfillment process.
One of the biggest benefits to using mobile technology to write orders is that the order can sync
back to your back office immediately. If your customers can receive their order the day after it’s
placed, you are going to stand out amongst a sea of competitors whose reps are manually