Lots of Vendor Talk, here's my Jerry McGuire

[Flash68]

Originally Posted by LILBuzzy

This thought has most certainly passed through the visual cortex onto the dentate gyrus in the hippocampus in all of us.

Winner!

Originally Posted by GregWeld

When my partner and I ran a large wholesale business his favorite saying was...

"we'd have a really nice business if it wasn't for all these damn customers!"

That's a close 2nd!

[67zo6Camaro]

Originally Posted by NOPANTS68

I've been mulling this thread around in my head for a couple days. Here's my Bob Sugar to your Jerry McGwire, Jon.

The line that sticks out is the call for buyers to take responsibility. It's absurd. If you are taking an adversarial stance to the manner consumers buy your products or shop your company, then you either need to do a better job taking the buyer's temperature or close your business. If the guy's wasting your time, identify if his purchase is a reality and invest your time accordingly. Great sales people can sum up a customer in 30 seconds and pull out the necessary tools to adapt. I teach this to my teams constantly.

It's insane to ask a potential group of buyers to all behave a certain manner and take in to account the personal lives of those selling a product. You know where my responsibility ends as a buyer? It's when I fork over an obscene amount of money for a set of wheels, subframe, lug nuts, sandwich, lap dance, etc etc. Everyone struggles. Everyone has things that go to hell during the day. Why are the personal issues of a company the concern of the buyer?

You should take into account the sweat it took for the buyer to generate the cash to buy those wheels or subframe. Then take into account the frustration when that buyer is told time after time product will be ready, yet doesn't materialize.

Take the time to reflect on these things within your own company and you'll find the key to customer service. It is a vicious marketplace out there, but you're focused on the behavior of a customer base rather than reinventing your behavior as a seller. SERVICE WILL ALWAYS BUILD A FASTER BASE THAN PRICE.

Dave

Im with you on this and Im glad someone has put it into simple terms. I keep trying to avoid this thread as many friends have stated different opinions here. And I know when I open my mouth I typically upset someone.

Bottom line..... take a business class explaining how basic economics work along with principles of market, and market share, and you will understand this above comment. It is extremely true.

Sorry, but Im comming forward, and people are going to get mad, but in my opinion.... you shot yourself in the foot by starting a thread crying about how a market works. Build a better mouse trap or find another market to build your buisiness in.

Brett

[Vegas69]

Some very good points that I agree with. You can't change people to fit into your ideal window. You can change their PERCEPTION of you through action and track record. Your reputation or referral makes them want to work with you. It could be considered a warm contact. The trust is already partially there and that means more profit and less headaches in most instances.

I like what somebody said earlier in this thread. Eighty percent of your income comes from your best clients. Concentrate on them and the additional business they create. Chances are, if you like your client, you'll like their friends and your personalities will mesh.

[Lenie]

Originally Posted by NOPANTS68

I've been mulling this thread around in my head for a couple days. Here's my Bob Sugar to your Jerry McGwire, Jon.

The line that sticks out is the call for buyers to take responsibility. It's absurd. If you are taking an adversarial stance to the manner consumers buy your products or shop your company, then you either need to do a better job taking the buyer's temperature or close your business. If the guy's wasting your time, identify if his purchase is a reality and invest your time accordingly. Great sales people can sum up a customer in 30 seconds and pull out the necessary tools to adapt. I teach this to my teams constantly.

It's insane to ask a potential group of buyers to all behave a certain manner and take in to account the personal lives of those selling a product. You know where my responsibility ends as a buyer? It's when I fork over an obscene amount of money for a set of wheels, subframe, lug nuts, sandwich, lap dance, etc etc. Everyone struggles. Everyone has things that go to hell during the day. Why are the personal issues of a company the concern of the buyer?

You should take into account the sweat it took for the buyer to generate the cash to buy those wheels or subframe. Then take into account the frustration when that buyer is told time after time product will be ready, yet doesn't materialize.

Take the time to reflect on these things within your own company and you'll find the key to customer service. It is a vicious marketplace out there, but you're focused on the behavior of a customer base rather than reinventing your behavior as a seller. SERVICE WILL ALWAYS BUILD A FASTER BASE THAN PRICE.

Having said that, and turning to a personal note. Know that I like you Jon. I think people like you are an asset to the movement we all love and enjoy. I think your knowledge is your biggest asset and you have the talent to make NewGen thrive. I however, won't be continuing our business relationship. My expectation as a buyer from NewGen didn't meet the customer service standard that you provided and you turned me off. Call me a nightmare customer, but I don't feel I was asking for much during the process. Dont take it personally, it's just business. People have been saying "......pick two". Think about which two you gave the customer in my transaction.

I have finally recieved my wheels from you and they FAR exceeded my expectations with regards to quality and finish. They are no doubt on par with a Forgeline or HRE wheel. I love them, but more importantly my customer- my wife- loves them. I wouldn't hesitate to tell someone where I got them should they inquire. They will be the crown jewels of my build but the process took what is normally a ceremonial night of box opening into a long sigh of relief. People who read this and have waited for wheels know exactly what I mean.

It may be hard not to, but don't take my post as a flame NewGen thing. It's simply my response to your OP and it couldn't have been more timely. I know that you'd agree for sure. Take it as an oppoutunity to develop and reflect. I take my team's CSI scores more seriously than their sales. It's our bloodline. I want to see you succeed as well as all of the other guys accross the country who are scratching and fighting to make their spot in this tiny market. I wish you the best of luck and wouldn't hesitate to buy you a beer at Del Mar.

Dave

Dave, thanks for this post as I'm not very good getting my point across at times w/words. This post has disturbed me from the very get go w/what a vendor expects from the buyer. With my priorities in place, I have money to build a car, but I do not have hard earned money to waste or spend twice and you could not have said it any better. I do not come on here ever to go after vendors/Mfg's although I will tell you now, I don't know which vendors OR manufacturers to trust anymore. No matter how much I spend, as you put it there is no ceremonial night of box openings for me now. I will try to keep this short. I joined this site to learn and the members on here have been OUTSTANDING. I have also only used vendors/mfg's from this forum and pro-touring to make purchases and tried to spread the wealth but to date it's been very very disappointing. I will give examples of every order I've put out in the past 6 months not giving full details on all products because I don't want to bring my disputes to the board nor will I, so people please don't go there. (1) In Sept. I ordered about $2000 worth of parts from a vendor on here. 2 months later no parts, forgot to put order in, another month no parts, claimed it had to be build, 2weeks later wrong parts arrived. Waited for rma to arrive as promised, never happened so I called Mfg and it was never called in. I was told by mfg parts were readily available on shelf and they took care of me. After 4 months all parts finally arrived and half of them were wrong fit so I tossed them into the trash and reordered. (2) In early Nov. I ordered custom headers ($2,200) to be built, still have not received them nor do I believe they've even started to build them. Only thing keeping me from starting my car (3) Can't tell you what I ordered thru this vendor/mfg or it's a dead give away but back in mid Nov. I spent about $2,000 on one item which took a little over 2 months to get to me because of the manufacturer and when it arrived it was not what I ordered, again RMA w/the manufacturer not the vendor and I've been waiting again since mid Jan. w/the manufacture not being able to give me a delivery date.This part has put a complete halt to my built for various reasons I don't want to get into, COME ON! (4) Ordered wheels during Black Friday ($4000). Wheels were completed about 10 days ago but the mfg can't ship because his vendor won't pay the last 50% of the bill. So I'm on hold. COME ON!!! Keep in mind, I paid for everything in full up front and every order was thru a different Vendor/Mfg, and have not had one good transaction. To you Vendors/Mfg's, I did not pick your brains for info, I paid in full, all you had to do with my money is order/build the product, pay for it, keep your commisions, and ship it to me. If you have any integrity at all, do the right thing. It can't be that tough. Quit making it out to be more than it is or get out of the business as it's probably not meant to be for you. Whew, now back to your regularly scheduled program. Thanks for your time.

[Lenie]

Originally Posted by GregWeld

When my partner and I ran a large wholesale business his favorite saying was...

"we'd have a really nice business if it wasn't for all these damn customers!"

Greg, I gotta tell you, your post constantly put a smile on my face. Keep up the good work.

[camcojb]

Lenie,

If any of the vendors you're waiting on are vendors from this site I'd be glad to try to help out. You can send me a pm.

[Lenie]

Originally Posted by camcojb

Lenie,

If any of the vendors you're waiting on are vendors from this site I'd be glad to try to help out. You can send me a pm.

Thanks Jody but I'm going to try and wait it out and let everyone involved hopefully do the right thing. You know, always look for the good in people. I'm not trying to go after vendors/mfg's, I was just trying to point out that I agree with Dave's post.....and kinda stepped out of my comfort zone.
Thanks again though.

[camcojb]

Originally Posted by Lenie

Thanks Jody but I'm going to try and wait it out and let everyone involved hopefully do the right thing. You know, always look for the good in people. I'm not trying to go after vendors/mfg's, I was just trying to point out that I agree with Dave's post.....and kinda stepped out of my comfort zone.
Thanks again though.

That's fine Lenie. Let us know if we can help.

[hifi875]

Originally Posted by youthpastor

General Automotive is anywhere between 65-100%. Hot rod parts are lucky to make 20%. 25-30 is a real good day, but rare.

That is actually a 35-50% profit to make clear of the true profit margin.
cost/selling price is the actual profit %. So if you pay $100 for something and sell it for $120, 20%is NOT you profit margin. $100/$120=.84 or 16%.

[GregWeld]

Originally Posted by hifi875

That is actually a 35-50% profit to make clear of the true profit margin.
cost/selling price is the actual profit %. So if you pay $100 for something and sell it for $120, 20%is NOT you profit margin. $100/$120=.84 or 16%.

Well --- to be really perfectly clear -- there is 100% MARKUP which is 50% MARGIN

Many people just don't know the difference between MARKUP and MARGIN.