In this week's episode on Tapped In Sales, Bud and Mike discuss the emerging market of Delta 9 THC-infused beverages and its potential impact on the beer industry. They explore the regulatory landscape, consumer preferences, and the potential for major brands to enter the market. They emphasize the importance of being early adopters and staying ahead of the curve in this evolving industry.

Takeaways

Chapters

00:00 Introduction and Overview

03:23 Regulatory Landscape of Delta 9

08:08 Consumer Preferences for Delta 9 Beverages

12:21 The Importance of Being an Early Adopter

14:23 The Potential for Major Brands in the Delta 9 Market

30:19 Conclusion and Final Thoughts

Summary

In this episode, Bud and Mike discuss the challenges of implementing a sales culture change in beer distribution. They share their experiences and insights on how to get experienced reps to adapt to new strategies and ways of thinking. They emphasize the importance of autonomy, strategic thinking, and ownership in sales reps. They also discuss the need for repetition and reinforcement of new rules and concepts. Additionally, they touch on a bit of news with counterfeit alcohol in Australia and the importance of regulatory systems in preventing such activities.

Takeaways

Chapters

00:00 Introduction and Eventful Night

02:10 Focus of the Episode: Can Experienced Reps Respond to a Sales Culture Change?

05:16 Fear of Change and Impact on Reps' Pay

09:13 Reps Finding Their Own Path in the New Sales Culture

12:44 Repeating Stories and Lessons to Drive Change

23:14 Reps Thinking Like Owners and Making Profitable Decisions

25:19 Australian Police Shut Down Billion Dollar Alcohol Counterfeit Trade

30:01 Counterfeit Liquor vs. Counterfeit Beer

In this episode of the Tapped In podcast, Bud and Mike discuss the recent news that the DEA is planning to reschedule cannabis into a schedule three narcotic. They explore the implications of this change, including the potential for increased research and development opportunities, the impact on different states' regulations, and the potential involvement of beverage companies like Coke and Pepsi. They also discuss the rise of Delta 9 variant cannabis beverages and the challenges and opportunities for beverage distributors in this new market. The conversation touches on topics such as drug testing, taxation, and the potential for celebrity endorsements in the THC space.

Takeaways

Chapters

02:15 The DEA's Plan to Reschedule Cannabis

03:15 Implications of the Rescheduling

05:09 Delta 9 Variant Cannabis Beverages

07:02 Impact on the Alcohol Industry

08:00 Potential Involvement of Coke and Pepsi

09:25 The Market for THC-Infused Beverages

10:18 Understanding Delta 9 Variant Products

11:18 The Presence of Delta 9 in On-Premise Locations

17:29 Challenges of Drug Testing in the THC Space

19:23 Updating Drug Testing Policies

20:42 Regulation and Taxation in the Cannabis Industry

23:40 Predictions for the Future of the THC Space

26:33 Conclusion and Reflections

In this episode, Bud and Mikey discuss the concept of breaking down $100 in gross profit and how to maximize return on effort. They share a case study of a convenience store in Michigan where they implemented a strategy to increase profitability by adding high GP packages. They emphasize the importance of finding incremental opportunities and focusing on both profitability and velocity. They also discuss the benefits of giving reps the freedom to make decisions and collaborate with them to find the best solutions. The episode concludes with a discussion on coaching and sharing success stories to empower reps.

Takeaways

Sound Bite

"Drove $500 in new GP from those 16 new packages and that added 21 cents of GP per CE to this individual account."

Chapters

00:00 Introduction and Gnat Problem

02:26 Maximizing Return on Effort

08:39 Case Study: Incremental Opportunities

16:33 Empowering Reps with Freedom and Autonomy

31:49 Sharing Success Stories and Ownership

35:10 Conclusion

On this episode of the Tapped In podcast, where your hosts, Bud and Mike, dive deep into optimizing sales meetings for distributors. Our discussion centers around enhancing engagement, fostering new thinking habits, and the ideal timing and structure for impactful sales meetings.

Crafting Engaging Sales Meetings

Sales meetings should be dynamic and drive engagement rather than one-sided information dumps. Top-performing meetings thrive on interactivity, where sales representatives are not just attendees but active participants. Engagement is catalyzed by involving the team in discussions, posing questions, and encouraging them to share their experiences and ideas.

Techniques for Effective Engagement

Timing and Frequency: When to Hold Sales Meetings

Deciding on the optimal time for sales meetings can significantly affect their effectiveness:

Making Meetings Productive

To ensure meetings become more varied and productive, it's crucial to keep them concise and focused. If the content can be communicated via email, use the meeting time for discussion and engagement that adds value beyond the written word.

Sales Meeting Innovations

Experiment with the structure and timing of your meetings. For example, rotating between different types of meetings throughout the month—strategic deep-dives, quick stand-ups, and comprehensive reviews—can keep the format fresh and adaptive to your team’s needs.

Conclusion

Effective sales meetings are about relaying information and creating a collaborative environment where team members feel valued and motivated. Leaders can enhance team performance and drive better business outcomes by strategically planning the timing, content, and structure of meetings.

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Join the conversation and share your insights. Email us at [email protected]

In this episode, hosts Bud and Mike delve into the complexities of managing costs associated with beer distribution. They explore effective strategies for handling product returns, managing inventory levels, and maximizing shelf space resets. Insights from the field on reset season and can distributors push back on picking up products that are being removed due to store resets?

Key Topics Discussed:

Quote of the Day: "Managing costs isn't just about cutting expenses, it's about strategic planning and execution across all levels of distribution." - Mikey

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Join the conversation and share your insights. Email us at [email protected]

Dive into the world of beverage distribution with your hosts, uncovering strategic sales insights and the latest industry news. In this episode, we unpack the complexities of Gross Profit per Case Equivalency (GP/CE) metrics, alongside a fascinating discussion on a recent beer theft operation.

Sales team and GP/CE Sales Focus

Operational Insights and Strategies

Industry News: The Beer Theft Enterprise

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In this episode, we delve into the essential strategies for beer distributors to optimize shelf placement and maximize sales. We explore how strategic product visibility and availability can significantly enhance customer satisfaction and sales figures.

Key Strategies Discussed:

Real-World Applications:

Benefits:

Implementation Tips for Sales Excellence:

Featured Insight:
Podcast Note: Sazerac Acquires BuzzBallz - Impact on Beer Distributors?
Sazerac has announced the acquisition of BuzzBallz, an innovative Ready-To-Drink (RTD) brand noted for its unique spherical packaging and diverse beverage base. This episode discusses the implications of this acquisition, including potential changes in distribution strategies and profit margins.