channel strategy Channel Strategy - Market Strategy

The Complete Market Coverage Guide

Report Overview

The Complete Market Coverage Guide: A Proven Eight-Step Process for Selecting the Right Sales Channels to Market Your Products

Fewer and fewer manufacturers have the luxury to isolate their business to a micro-market or solely to the United States. The world is swiftly becoming a global market place forcing managers to be highly flexible and innovative in solving problems for end-user customers and meeting with formidable new competitors.

Competitive threats are no longer restricted to local and national competitors but can occur from numerous international sources. This competitive arena has given end-user customers the ability to search and identify the products they want from multiple sources and purchase them in just they manner that serves their needs.

These and other emerging trends and market movements require manufacturers to more effectively manage and update their sales channel partners and consistently affirm their market coverage.

To conduct a thorough market coverage analysis or to upgrade or select new sales channel partners requires a consistent and proven process.

Our new Complete Market Coverage Guide is a step by step detailed process for evaluating market coverage and conducting a channel selection process.

Our guide is not a simple overview of the channel selection process but contains case examples, actual forms to use, information requirements, key management questions to consider at each step, sequence of the steps and staffing needs to complete the task.

These types of projects commonly require strong commitments of staff time, market research resources, analytical models and implementation tools and time. These resources can be wasted without the step by step process this manual provides as a guide to ensure all the facts are gathered and organized properly.

Our Complete Market Coverage Guide will reduce the risks and provide the confidence needed to make critical market coverage and channel selection decisions.

The Guide consists of an eight step "How To" process with detailed steps:

1. How to Identify Product and Perform Customer Segmentation

Task 1: Identify the Product
Task 2: Identify Relevant Customer Segment Variables
Task 3: Determine the Dollar-Size of Each Segment
Task 4: Determine the Segment's Preferred Buying Method
Task 5: Identify the Decision Makers/Influencers

2. Determining Customer Satisfaction Requirements

Task 1: Identify Levels of Awareness
Task 2: Determine Need for Customization
Task 3: Determine Complexity of Customer Needs Assessment
Task 4: Determine Need for Customer Premises Visit
Task 5: Determine Demonstration Requirement
Task 6: Determine Location for Demonstration
Task 7: Determine Need for Testimonials
Task 8: Determine Importance of One-Stop Shopping
Task 9: Determine Product Availability and Delivery Requirements
Task 10: Determine Importance of Providing Financing
Task 11: Determine Importance of Buyback or Trade-In Options
Task 12: Determine Ability to Respond to Bids
Task 13: Determine Installation Requirements
Task 14: Determine Customer Training Requirements
Task 15: Determine Warranty Service Requirements
Task 16: Determine Repair Turnaround Time
Task 17: Determine Sourcing Requirements for Post-Warranty Repairs
Task 18: Determine Channel Involvement in Account Maintenance

3. Ranking Customer Satisfaction Requirements

Overview
Directions

4. Linking Customer Satisfaction Requirements

Directions
Criterion 1: Identify Levels of Awareness
Criterion 2: Determine Need for Customization
Criterion 3: Determine Complexity of Customer Needs Assessment
Criterion 4: Determine Need for Customer Premises Visit
Criterion 5: Determine Demonstration Requirement
Criterion 6: Determine Location for Demonstration
Criterion 7: Determine Need for Testimonials
Criterion 8: Determine Importance of One-Stop Shopping
Criterion 9: Determine Product Availability and Delivery Requirements
Criterion 10: Determine Importance of Providing Financing
Criterion 11: Determine Importance of Buyback or Trade-In Options
Criterion 12: Determine Ability to Respond to Bids
Criterion 13: Determine Installation Requirements
Criterion 14: Determine Customer Training Requirements
Criterion 15: Determine Warranty Service Requirements
Criterion 16: Determine Repair Turnaround Time
Criterion 17: Determine Sourcing Requirements for Post-Warranty Repairs
Criterion 18: Determine Channel Involvement in Account Maintenance

5. How To Determine Marketing Efficiency

Directions
Task 1: Determine Channel Capability
Task 2: Determine Shared Activities
Task 3: Determine Estimated Support Costs of Share Activities
Task 4: Determine Direct Activities
Task 5: Determine Estimated Support Costs of Direct Activities
Task 6: Determine Overall Channel Support Costs Potential Marketing Support Activities You Could Implement

6. Determining Marketing Effectiveness

Window Analysis
Task 1: Identify Name of Channel
Task 2: Identify Similar Types of Products Sold by the Channel
Task 3: Determine Average Price Point of Products Sold by this Channel
Task 4: Identify Quality Level of the Products Sold by this Channel
Task 5: Determine Compatibility of Channel's Selling Method with Customer's Preferred Buying Method
Task 6: Determine Channel's Presence to Decision Makers and Influencers for this Product Capacity Analysis
Task 7: Identify Total Sales of an Average Channel Member Location
Task 8: Identify Approximate Number of Locations for the Channel
Task 9: Identify Total Sales for All Products Sold by the Channel
Task 10: Identify Total Sales for Your Product Category
Task 11: Identify Your Estimated Market Share in this Channel
Task 12: Determine Sales Generated from Target Segment Size
Task 13: Determine Sales Generated from Target Segment Type
Task 14: Determine Revenue to Your Firm Effectiveness Summary
Task 15: Compare Channel's Window to Target Segment's Window
Task 16: Examine Channel's Capacity Against Your Revenue

7. How To Analyze the Business Relationship

Overview
A Word About the Field Sales Force
Directions
Task 1: Analyze Channel Stability
Step 1: Level of Growth
Step 2: Turnover (i.e., entry and exit) of Channel Members, or Change in the Average Length of Time in Business
Step 3: Ability to Sustain Profitability
Step 4: Consistency of Business Direction
Step 5: Reputation of the Channel

Task 2: Analyze Importance
Step 6: Share of Total Channel Sales

Task 3: Analyze "Deal Breakers"
Step 7: The Deal

Task 4: Analyze Communications Flow
Step 8: Assessment of Channel's Communication Needs

8. Performing the Final Trade-Off Analysis

Overview
Directions

TO PURCHASE

Pricing Summary

Tier 1: $495

The Complete Market Coverage Guide: A Proven Eight-Step Process for Selecting the Right Sales Channels to Market Your Products

Includes the entire book, "how to" instructions, copies of all forms with examples and guidelines.

Tier 2: $1,595
Includes the entire book and instructions,
Password to a private web page containing electronic copies of all forms with examples and guidelines,
Key articles,
FREE copy of our Marketing Through Distribution Channels ($197 value)
Complimentary Pass for 1 at Frank Lynn's workshop Marketing Through Distribution Channels valued at $1,095
Total Value:
-Book $495
-Web Page Access $150
-Key Articles $150
-MTDC Book $197
-Workshop Pass $1,095


Total Value = $2,087

Tier 3: $3,495

Includes the entire book and instructions,
Password to a private web page containing electronic copies of all forms with examples and guidelines,
Key articles,
FREE copy of our Marketing Through Distribution Channels ($197 value)
Complimentary Pass for 1 at Frank Lynn's workshop Marketing Through Distribution Channels valued at $1,095
6 hours of telephone consultation with Frank Lynn & Associates.
Total Value:
-Book $495
-Web Page Access $150
-Key Articles $150
-MTDC Book $197
-Workshop Pass $1,095
-6 Hours of telephone consultation $2,400


Total Value = $4,487


TO PURCHASE
Visit the Elk Grove Village Business List
2010 SCHEDULE
September 29, 2010
Strategic Issues in Distribution
New routes to competitive advantage
September 30, 2010
Pricing Strategy: How to Design and Implement Effective Channel Pricing
Realistic and workable approach to developing effective channel pricing strategies.
October 20, 2010
Marketing Through Distribution Channels
Use data-driven channel marketing to drive growth in sales and market share.
October 21, 2010
Professional Sales Channel Management
Using proven management tools, frameworks and methods to prepare channel managers to drive sales and market share through indirect sales channels.
 
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