A sales incentive program for customers has contributed to the company’s success.
More than 400 people opted for the Las Vegas award trip in 2005. When the timing of the Las Vegas trip coincides with the National Groundwater convention, more than 700 people will typically participate, says Tom Bowers, director of marketing/group manager at Preferred Pump.
In addition to the trips, award points can be redeemed for merchandise, such as camcorders, flat-screen or projector TVs, DVD players, designer handbags, exercise equipment, camping packages, gas grills, watches, cameras and a pool table.
The Dealer Awards program gives Preferred Pump a competitive edge, according to Jim Mathison, a group manager at the company. “Other people in the market might be selling the same product that we are, but our customers will feel loyal and want to buy from me because we reward them for their purchases,” Mathison points out.
“Preferred Pump earmarks our rebates from vendors to fund our customer promotion,” asserts Tom Bowers, director of marketing and group manager for CA. “To support our Dealer Awards Program, we have a dedicated full-time person, an engineer by profession, who manages and administers the program. We believe it brings customers closer to us by making things go smoothly,” says Bowers.
Mike Floyd, another group manager at Preferred Pump, says he appreciates the willingness of Randy Lyne, president, to reinvest profit dollars into something that benefits the customers. “He believed in that concept even before he had the money to do it,” he says. “We are where we are today because of it.”
(Story continues with Preferred Pump: Partnering With Preferred)