As you look for ways to grow your business, it is important to think of everyone you encounter as a potential customer. Are most of your customers cow-calf producers? It is highly likely a lot of them also have horses that need our products. Most households have 1.6 dogs, and BioZyme® offers products for our canine companions.
During the recent Dealer Retreat, Tell Stevens, Digital Marketing Manager, shared with dealers some big picture numbers of the potential they have in their respective areas. What most dealers discovered is they have a lot of potential they had not considered.
“We tried to identify all animal groups attached to a specific product line and aligned our brands to segments of the industry that need them,” Stevens said. “This allowed dealers to visualize where they might have potential utilizing all of the product lines BioZyme offers.”
Working with the USDA to gather numbers, Stevens collaborated with Lisa Norton, BioZyme Vice President, to determine assumed days on a program and the revenue per head at suggested retail to calculate potential revenue. Numbers on the chart assume that BioZyme has 100% of the market share; however, Stevens said to compare the revenue of one segment against other segments to get a more realistic figure.
For example, a horse on Vitalize® year-round, will generate $323 in revenue. Do you know someone with 10 horses? Perhaps you need to reach out to customers who buy the VitaFerm® products for their cattle and also have horses, and educate them on the benefits of Vitalize. It’s a great idea to generate more revenue from those customers who already know about and believe in our products.
Nearly everyone you meet has a dog. And most dog owners treat their dogs like their kids. You can generate nearly $75 of revenue in a year from one dog being on Vitalize products. And that customer will likely continue to buy products from you for years to come.
It is easy to get stuck in a sales routine where you talk to your same customers on a regular basis, but it is time to think outside the box and grow your potential. If your typical audience is the cow-calf sector and you discover a commercial poultry, swine or dairy operation exists or has moved into your area, those are great potential customers. Not sure how to start a conversation with them? Talk to your ASM or someone on the business development and support team to help you make that pitch.
Take the time. Find a way. Find your potential, and grow your business.
If you were not able to attend Dealer Retreat, and would like to know the potential for your dealership, contact Kristi Stevens, Marketing Project Manager, at 816-596-8795 or firstname.lastname@example.org.