So you’re a manufacturer and you want to develop new business, grow your sales, perhaps in a new geographic territory, new industry/market, or maybe you have a new product to launch. What are the factors any good manufacturer should consider to maximize the likelihood of success?
Just like when a manufacturer and rep join forces when they first begin working together, developing new business requires setting realistic expectations. The reasons most often cited by manufacturers and reps alike for representation agreement termination has to do with misunderstood expectations by the two parties involved. When you both get it right up … Read the rest
“I’m a manufacturer, not a rep agency. Why should my company join MANA?”
I hear this all the time. It’s a legitimate question, really. After all, the name of the organization is Manufacturers’ Agents National Association — MANA, for short. Seems like it’s an association just for reps. While that may have been its foundation, MANA is much, much more. It’s a terrific organization for manufacturers, whether you’re just exploring the strategy of utilizing reps as your sales channel or have been working with reps for decades.
Our company, Eriez Magnetics, has enjoyed the benefits of selling through independent reps … Read the rest
The best manufacturer-rep relationships are those where both parties respect each other, understand their mutual expectations and have shared business values. While manufacturers may have some variations on the attributes of rep organizations they wish to represent them, there are some constants we all look for.
At Eriez Magnetics, where we’ve been working with independent manufacturers’ representatives for over 70 years, our best representative agencies possess the following:
- A formal company overview
This sounds like a simple requirement all professional reps should have, but it’s surprising just how many agencies solicit representing our line without a basic presentation of their … Read the rest
In October 2017, MANA celebrates its 70th Anniversary as the preeminent organization for the professional independent manufacturers’ representative. Congratulations! It took a great deal of hard work and commitment by a lot of people to grow MANA and maintain its relevance over these many years.
1947 was a good year for my company, Eriez Manufacturing, as well. It was the year our founder, Bob Merwin, and Dean Thomas, a sales representative of what is now Dominion-Carolina Sales, Inc., based in High Point, North Carolina, came to an agreement for Dean to sell Eriez magnetic separators for a commission. This was … Read the rest