Lubezine Volume 8 * NOVEMBER 2013 - JANUARY 2014 | Page 30

LAST WORD SALES PROCESS The art of selling lubricants: Perspective of a Kenyan salesman L ubricants sales is no doubt one of the most complex sales processes in petroleum trading, what with the endless list of types of lubrication oils, greases and fluids not forgetting their very detailed technical specifications, physical and chemical characteristics and applications. In this regard, knowing your product is very important if you as a salesperson are to represent your brand in the market positively. A potential client needs to hear a presentation from somebody who seems to know more about lubricants than he does himself. There are important questions that should be answered in understanding a lubricant. By Richard Ndaka Understanding Your Product Is your lubricant blended from 100 per cent virgin base oil or from recycled base oil or ratios of both? Some lube companies are marketing a brand that is blended from 50/50 or 75/25 mixtures of virgin and recycled and then presenting the finished product to the market as blended from 100% virgin base oils. Without this important knowledge, the salesman goes to the client clueless on where his lubricant started. In addition, basic knowledge of lubricant additives and the specific roles they play during the operation of the machine or vehicle it is applied in is imperative. Such information as SAE grades and API classifications should be at the fingertips of any serious lube salesperson. Knowing what a specific grade of a lubricant is for and its particular application is key. Understanding if your lubricant is mineral or synthetic is also an important detail that one dealing in the sales and marketing of lubricants should know. Understanding Your Brand What is your brand’s unique Selling Proposition (USP), otherwise known as Unique Selling Point? What distinguishes your brand 28 from the rest in the market? USP is defined as the factor or consideration presented by a seller as the reason why his product or service is different or better than the competition. Before you can begin to sell your product or service to anyone else you need to sell yourself on it first. This is especially important when your product or service is similar to those around you. In the petroleum sector, very few products are a one-of-a-kind and having uniqueness in how you present your brand to the buyer is very critical. Unless you can pinpoint what makes your business unique in a world of homogenous competition you cannot target your sales efforts successfully. A product can peg its USP on product characteristics, price structure, placement strategy (location and distribution) and promotional strategy. These are what marketers call the 4P’s of marketing. They are manipulated to give a business a market position that sets it apart from the competition. Understanding The Market Before launching into the market, a business will do well by trying to research to know the requirements of any market. For example, some grades of lubricants perform differently from others based on climatic conditions like temperatures. A SAE 50 grade of engine oil will not perform well in a low temperature location. The buying behaviour of your target buyer is also a factor to be considered seriously by the salesperson before initiating the sales process with the buyer. How is the creditworthiness of your prospect? You may need to ask around and if possible try to get trade references from businesses that have done business with the prospect before you sign up the customer for credit. Delayed payments increase the cost of credit in the long run. This is in addition to the emotional pressure, time wastage and possible legal costs associated with chasing bad debtors. Finally, seek to understand the potentials and opportunities that exist in your area of operation. As a marketer your employer is counting on you to identify and manipulate opportunities that will drive up sales while bringing in healthy profits for the organisation. Automotive lubricants resellers (distributors) move big volumes but smaller margins compared to direct sales to big transporters, LUBEZINE MAGAZINE | November 2013-January 2014