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By VXP Tech
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The podcast currently has 25 episodes available.
In this episode, Bud and Mike recap their recent trip to the 87th NBWA Annual Convention. Fresh off the red-eye and still buzzing from the energy of the event, they dive into key takeaways for beer distributors navigating the evolving landscape of on-premise sales in a post-COVID world.
The duo breaks down the insights shared by industry heavyweights on a panel featuring Robbie Maletis (Maletis Beverage), Jim Koch (Sam Adams), Alexander Bergson (Manhattan Beer Distributors LLC), and moderator Lester Jones (NBWA). Topics include the resurgence of draft beer, the importance of curating tap selections, and the need to rethink traditional on-premise strategies. They explore why fewer, better-chosen draft handles can drive both profitability and consumer satisfaction.
Bud and Mike also share candid reflections on their personal experiences from the event, including the challenges of cross-country red-eye travel, lively encounters in San Diego, and even a rickshaw negotiation gone wrong!
Key Takeaways:
Draft beer is making a comeback, but smart curation is essential for long-term success.
The importance of balancing on-premise investments with off-premise strategy.
Why less can be more: reducing tap handles and simplifying choices can help boost sales.
The Jam Experiment — How Choice Overloads Makes Consumers Buy Less | by Florent Geerts | Medium
Industry trends and how distributors can adapt to maximize both profitability and brand exposure.
Chapters:
00:00 Welcome and Happy Birthday Mike
03:20 Reflections on the MBWA Convention
06:30 Economic Trends in the On-Premise Beer Market
09:17 The Importance of On-Premise Accounts
12:15 Events and Engagement Strategies
15:21 Profitability and Delivery Minimums
18:12 The Complexity of Draft Beer Choices
21:33 Curating Beer Selections for Better Sales
24:12 Optimizing On-Premise Accounts
27:20 Closing Thoughts and Future Directions
Tune in to hear all this and more, as Bud and Mike share stories, laughs, and actionable insights for your sales team!
In this episode of the Tapped In Sales Podcast, Bud and Mikey dive deep into the critical role middle management plays in driving profitability within beer distributors. This conversation covers how middle managers, team leads, key account managers, and more, can align their incentives with company goals to create a high-performing culture that moves beyond traditional volume metrics.
But first, they kick off with a fascinating discussion on world record-breaking pole vaulter Mondo Duplantis, who has broken his own record ten times. Why would he do that? Simple – aligned incentives. Mondo maximized his earnings by strategically breaking records in increments, demonstrating how understanding incentives can drive consistent, high-level performance. Bud and Mikey draw a parallel to middle management's role in structuring success in beer distribution.
Key topics include:
Whether you’re a distributor owner, sales manager, or aspiring team leader, this episode is packed with insights on transforming your organization into a profit-focused machine through smart incentive structures.
Resources Mentioned:
Where to Find Us:
Welcome to another episode of the Tapped In Sales Podcast with your hosts, Bud and Mikey! In today’s episode, we dive into the complex world of price increases and how to navigate them while keeping your profitability intact. With price increases on the horizon, it’s time to think strategically and avoid common pitfalls.
We explore three key strategies that every sales team and wholesaler needs to handle price increases like a pro:
Limiting Bridge Buying – Learn how to manage inventory effectively and avoid the chaos of pre-price-increase stockpiling. Discover why preventing "bridge buying" is crucial for maintaining profitability and keeping your sales cycle smooth.
Synchronizing Price Increases Across Suppliers – In today’s world, managing multiple suppliers and thousands of SKUs can be tricky. We’ll explain why consolidating your price increases into a single action can save you time and headaches.
Maintaining Customer Relationships – Nobody likes to be the bearer of bad news, but price increases don’t have to damage your customer relationships. We’ll give you actionable tips on how to communicate effectively, build trust, and help retailers navigate price hikes with ease.
This episode is packed with actionable insights on how to tackle price increases through a profitability lens. Whether you’re a sales rep, manager, or distributor, these strategies will help you turn a challenging situation into a win-win for your business and your customers.
Key Takeaways:
The impact of limiting bridge buying on long-term profitability
Best practices for synchronizing price increases across multiple suppliers
Tips for strengthening retailer relationships during price hikes
How to use data-driven strategies to guide retailers through pricing changes
Don’t Miss:
Mikey’s take on why price increases can actually be a golden opportunity for sales reps
Bud’s breakdown of the hidden costs and benefits behind bridge buying
Tactical ways to leverage price increases to grow GP and support your sales team
Tune in now and make sure you’re prepared for the next price increase season!
Listen now on:
Spotify
Apple Podcasts
YouTube
Welcome to another exciting episode of the Tapped In Sales Podcast! In this episode, we sit down with Kimberly McKinnish, COO of NBWA, to uncover the secrets behind the upcoming NextGen Conference 2024 – the ultimate event for emerging leaders and seasoned professionals in the beer distribution industry.
Get a sneak peek into the conference that’s all about shaping the future of beer distribution! Kimberly shares her insights on how the NextGen Conference has become a game-changer for professional development, offering attendees an unparalleled opportunity to learn, network, and grow.
What You'll Learn in This Episode:
NextGen Conference Overview: Discover what makes this event a must-attend for anyone in the beer industry, from its action-packed schedule to its new location in Clearwater Beach, Florida.
The Three Key Themes: Dive into the conference’s core themes—Purpose, Impact, and Confidence—and how each one is designed to help you unlock your potential and elevate your career.
Top Speakers and Sessions: Hear about the incredible lineup of keynote speakers, including industry leaders and authors like Emily Jaenson,Jake Thompson, and Dr. Cynthia Bentzen-Mercer, who will deliver actionable insights you can bring back to your business.
Networking and Fun: Learn about the unique networking opportunities and fun activities planned to help attendees build lasting relationships, from the NextGen Games to surprise evening events that promise memorable experiences.
Who Should Attend: Whether you’re a NextGen family member, an emerging leader, or a middle manager looking to step up, this episode will guide you on how to make the most of this incredible professional development opportunity.
Best Practices and Peer Learning: Get a taste of the peer-driven best practice sessions, where attendees share proven strategies and tactics that have driven success in their companies.
Insider Tips on Making the Most of Your Experience: Kimberly shares her best advice on how to maximize your time at the conference, including leveraging the event app and connecting with other leaders from across the country.
Why You Should Listen:
If you’re serious about growing your career in the beer distribution industry, this episode is for you! Find out how attending the NextGen Conference can provide you with the skills, insights, and connections needed to thrive in this dynamic field.
Links & Resources:
Register for the NextGen Conference 2024: NBWA Website
Connect with Kimberly McKinnish on LinkedIn: Kimberly McKinnish
Follow the Tapped In Sales Podcast on LinkedIn: Tapped In Sales Podcast
Don’t Miss This Episode!Listen now on Apple Podcasts, Spotify, Google Podcasts, or wherever you get your podcasts.
Summary
In this episode of the Tapped In Sales podcast, Bud and Mikey discuss the importance of goal setting and how to go about it. They emphasize the need for goals to be realistic and attainable and the importance of accuracy in goal setting. They also discuss the role of selling day adjustment in setting goals and the need for qualitative input in the goal-setting process. They highlight the importance of transparency, involving the team in the goal-setting process, and the need for regular progress updates and feedback. They also stress the importance of documentation and note-taking to track progress and make adjustments in future goal-setting.
Takeaways
Goals should be realistic and attainable, and accuracy is important in goal setting.
Selling day adjustment is a key factor in setting goals and should be taken into consideration.
Qualitative input, such as market conditions and anecdotal stories, is important in the goal-setting process.
Transparency and involving the team in the goal-setting process leads to better engagement and understanding.
Regular progress updates and feedback are essential for tracking progress and making adjustments.
Chapters
00:00 Introduction and Weekend Recap
03:38 The Importance of Accuracy in Goal Setting
09:30 Involving the Team in the Goal-Setting Process
12:32 Tying it all together
32:26 The Role of Documentation and Note-Taking
37:42 Shane Gillis for Beer?
Summary
In this episode of the Tapped In Sales podcast, Bud and Mikey are joined by Eric Kiser from fintech to discuss the high-level overview of what fintech is and what EFT payments mean to the beer industry. They talk about the benefits of EFT, such as increased safety, efficiency, and cost savings. They also discuss the legislative and regulatory considerations behind EFT, including the movement towards 100% EFT in states like Michigan and California. Eric shares best practices for distributors looking to promote EFT and talks about the future of financial enhancements in the industry.
Takeaways
EFT payments provide increased safety, efficiency, and cost savings for the beer industry.
The movement towards 100% EFT is growing, with states like Michigan and California leading the way.
Distributors can promote EFT by educating retailers about the benefits and overcoming objections.
Best practices for promoting EFT include providing training, using customer lists, and offering incentives.
Chapters
00:00 Introduction and Overview of Episode
06:14 Understanding EFT Payments and fintech
12:37 Sales Reps talking to the benefits of EFT with retailers
17:38 Breaking news in the EFT World
18:35 Michigan and California: Leading the Way in EFT Payments
24:32 Overcoming Objections and Educating Retailers on the Benefits of EFT
30:35 Best practice to expand EFT at my operation
34:52 Don't Bet on Golden Tee with Eric
Summary
In this episode of the Tapped In Sales podcast, Bud and Mikey discuss the core components of annual business planning (ABP) with suppliers. They cover topics such as sales targets, distribution targets, financial projections, incentive planning, inventory management, training, and market visit planning. They emphasize the importance of setting realistic sales goals and understanding the productivity of each points of distribution. They also discuss the significance of gross profit and the need for effective incentive planning. The hosts provide insights and strategies for both suppliers and wholesalers to optimize ABP. In this part of the conversation, Bud and Mike discuss inventory management and the challenges faced by wholesalers and suppliers. They emphasize the importance of balancing inventory levels and the cost of carrying excess inventory. They also touch on the topic of supplier training, market visits, and in-market support, highlighting the need for effective communication and collaboration between wholesalers and suppliers. The conversation concludes with a discussion on the implementation of the annual business plan (ABP) and the risks and opportunities associated with it.
Takeaways
Chapters
00:00 Introduction and Setting the Stage
03:24 Core Components of ABP
08:51 Understanding Productivity of Points of Distribution
14:27 The Significance of Gross Profit
18:10 Effective Incentive Planning
20:31 Challenges and Strategies for ABP
22:33 Managing Inventory Challenges
25:24 Effective Supplier Training and Support
30:43 Implementing the Annual Business Plan
33:58 Considering Financial Health
40:10 Optimizing Portfolio Management
Summary
In this episode of the Tapped In Sales podcast, Bud and Mike interview Kary Shumway, a financial guru for beer distributors. Kary shares his journey in the beer business and how he became an expert in finance for the industry. He emphasizes the importance of financial literacy and training for all employees, from drivers to sales managers. Kary also discusses the challenges that distributors face, such as understanding their numbers and managing costs. He highlights the need to focus on cash flow and gross profit, and suggests creating a culture of collaboration and communication to break down silos within the organization.
Takeaways
Chapters
00:00 Introduction and Overview
01:32 Kary's Journey in the Beer Business
03:24 Importance of Financial Literacy
07:36 Engaging with Beer Business Finance Association
10:30 Common Financial Challenges for Distributors
11:54 Key Financial Metrics to Track
17:35 Cost Management Strategies
23:35 Driving Profitability through Gross Profit Management
27:28 Building a Positive Sales Culture and Breaking Down Silos
35:39 Contacting Kary Shumway
36:37 Conclusion
Summary
In this episode, Bud and Mike discuss the best practices for setting up variable pay and incentives. They explore different timing intervals, such as monthly, quarterly, and annually, and the pros and cons of each. They emphasize the importance of short-term focus and instant gratification for sales reps, making monthly incentives the most effective. They also discuss the potential use of quarterly incentives for sales leadership and middle management, as well as annual goals for long-term strategic thinking. The episode concludes with a discussion on different types of rewards beyond monetary incentives.
Takeaways
Chapters
00:00 Introduction and Small Talk
03:19 Different Intervals for Different People
05:16 The Importance of Instant Gratification
09:30 Pros and Cons of Monthly and Quarterly Payouts
14:34 Carryover of Missed Goals in Quarterly Incentives
20:50 Encouraging Long-Term Strategic Thinking with Annual Goals
27:16 Exploring Rewards Beyond Monetary Incentives
35:33 Major Player Entering the Hemp Market
Summary
In this episode of the Tapped In Sales podcast, Bud and Mikey interview Jennifer Hauke, the founder of Draftline Technologies. They discuss the importance of cleanliness in the beer industry and how Draftline helps beer distributors improve their line cleaning processes. Jennifer shares her journey in the industry and how she developed the mobile application that revolutionized line cleaning. They also talk about the data collection and analysis capabilities of Draftline, which helps distributors identify market opportunities and improve their draft beer offerings. The conversation discusses the use of data to identify opportunities in the beer distribution industry. It highlights the importance of understanding the competitive market and market share. The conversation also emphasizes the significance of open lines and the cost of rotating brands. It explores the concept of creating the perfect draft tower for each account and the role of incentives in driving profitability. The conversation concludes with a discussion on the ideal lineup of styles for a draft tower.
Takeaways
Chapters
00:00 Introduction
03:10 The Genesis of Draftline Technologies
08:08 The Importance of Cleanliness in the Beer Industry
14:58 Improving Efficiency and Lowering Costs with Draftline Technologies
19:59 The Line Cleaning Process and Data Collection
23:19 Using Data to Curate a Well-Designed Draft Lineup
24:20 Understanding the Competitive Landscape and Market Share
25:45 The Power of Open Lines in the Market
27:37 Creating the Perfect Draft Tower for Each Account
29:31 Rotation and Incentive Programs in Draft Operations
32:24 Optimizing Draft Operations through Data Analysis and Coaching
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