9 Disadvantages Of Selling Through Distributors

9 Disadvantages Of Selling Through Distributors

Sales
As already discussed in my previous post, distributors are an essential part of the medical device business and there are lots of advantages of selling through them, especially for companies looking to enter new markets. Hence, in moving on, I will focus on the other side of the coin: the disadvantages. What Are The Disadvantages Of An Indirect Sales Force? The Indirect Sales model remains one of the most patronized forces in medical business but have you ever pondered on its likely disadvantages? Well, let's find out what they are: Quality and price policy: It is not always easy to find a partner who shares the same policy for quality and price. A typical example is a distributor with complementary products that are not in the same price segment as…
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7 Key Advantages Of Selling Through Distributors

7 Key Advantages Of Selling Through Distributors

Sales
Indirect sales force is used by most medical device companies for the reasons already discussed in my previous post. Unfortunately, third parties and partners are often considered the ugly version of a direct sales force; however, a good partnership is a key factor of success for a company that is in search of geographical expansion. What Is A Good Distributor? A good distributor is not a commodity; on the contrary, it is an asset on which the profitability of the company is built. What Are The Advantages Of An Indirect Sales Force When Entering A Market? The indirect sales force has its own share of advantages, especially to medical device companies and it is the most used model. Highlighted below are some of its benefits: Selling cost under control: In…
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Some key factors helping companies in deciding the sales model

Some key factors helping companies in deciding the sales model

Sales
Introduction: What is the optimal sales model, and what factors should you prioritize when deciding on an efficient and effective sales approach? In my previous post, I discussed an easy guide to being an effective sales manager or marketer, by understanding the sales force model. Here, we'll take several steps further and learn about the sales models; that is, fundamental for any medical device company entering a new market. No doubt; selecting and identifying the right sales model is not always easy; hence, in this post, I would like to suggest some factors to evaluate when deciding between the 2 main approaches; direct or indirect. 1. Financial Factors How critical is the financial risk for the company? How important is the need to control the cost of sales? Implementing a…
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What Every Marketer Should Know about the Sales Force

What Every Marketer Should Know about the Sales Force

Sales
Where It All Began: I started my career; in sales. And I think that when you have been a salesperson, you will always be a salesperson as that has been my experience. If you work as a marketer or are considering the role, then having a background in sales will help you understand the customer and the challenges of the sales force better. It is also necessary to understand the various sales models in successful marketing, as; it can help you yield far more sales conversion. That said, here is an easy guide to what you should know about the various salesforce models: The Profit Driving Force Of The Company When discussing direct, indirect, and hybrid sales models, I like to use the term “salesforce,” instead of “channel” in describing…
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