Q1. We want to onboard a distributor in your district.
We have shortlisted a distributor who currently works
for Castrol. How will you convince him to distribute Ralco tyres?
-assume that retailers are not asking for your product
(yet.) This means that a distributor has to work to sell your product, not just sit back and take orders. -TELL DISTRIBUTORS TO APPOINT ALREADY EXISTING RETAILERS OF CASTROL TO SELL TYRES /MARKET TYRES OF RALSON ON STRICTLY COMMISSUION TERMS—RETAILERS WILL HAVE COMMISSION PLUS/MINUS ADD DISTRIBUTORS COMMISSION KEEP IT BETWEEN 12 TO 18 PERCENTGET IN TOUCHH WITH REPAIR OUTFITS— GOMECHANIC,LOCAL GARAGES ETC -- think my organic RALCO TYRES will complement your current offerings because it will enhance a popular category while offering your consumers additional choices, which could drive multi-item transactions". YOUR CORE COMPETENCY IS YOUR AUTOMOBILE --
INDUSTRY SO IS RALCO TYRES—BOTH
COMPLEMENT EACH OTHER. --GIVE A DEMONSRATION BACKED UP by data,RESEARCH AND FINANCIAL PROFITABILITY, AND EXISTING DISTRIBUTORS EXPERIENCE/ACHIEVEMENTS TO CASTROL DISTRIBUTORS. --RALCO TYRES OFFERINGS-- AUTOMATE LEAD MANAGEMENT TO DISTRIBUTORS, SO THAT THEY CAN TAKE THE LEADS FORWARD. --HELP CASTROL DISTRIBUTORSIN LOCAL DISTRICT CAMPIAGN --IF POSSIBLE, BUYING RALCO TYRES SHALL GET CUSTOMERS 5 PERCENT DISCOUNT, WHEN BUYONG CASTROL PRODUCTS OF 1000 AND ABOVE —BASED ON COST PROFIT ANALYSIS
Q2 How will you work upon improving the ROI of an
existing distributor? -Make sure your prices promote an increase in profit margin -Communicate more with your customers --Create more incentive -Bundle and upsell your products to raise revenue. ... PRIORITIZE YOUR LEADS -MAKE DATA DRIVEN DECISIONS—LET DATA SPEAK, NOT HUMAN BEINGS. -Simplify feedback,with automated decisions and immediate action -Relationship nurturing--distributor that makes the purchasing experience custom to you. No sale should have a one-size-fits-all. -Lookout for new distribution channels & opportunities. ...APART FROM EXISTING ONES, RALCO CAN APPROACH BIG CORPORATES FOR OFFERING ITS TYRES AT CORPORATE DISCOUNTS-- -Focus on your brand—BUILDING AND SOLIDIFYING
Q3 Suppose your family has started a business of
home-made pickles in your city. How will you go about marketing and selling them? -start looking at your neighbourhood houses and then, local restaurants,hotels by building customer loyalty for a target group rather than saturation of a larger market - Give small sample or sachet pickles to every foodie you come across. You can talk to the restaurant owner and think of sampling in their meals. You can try giving off a few to the kirana stores as well. -product packaging-The color, visual texture, choice of words, and overall design quality can directly influence sales. To select a design that will attract your market and fit in with your sales location, you must study how established food processors use their labels and packaging. --sale or exhibition in your area, grab a stall for your pickle. Get good feedback from all these people and work on improvisations if possible. -Going forward you can think of putting advertisements on LOCAL magazines or weeklies. -Start a Facebook page and share it with your friends. Ask them for a support on buying a few samples and get honest feedback.