FPS Vital News Vital News 50 Apr-Jun 2018 | Page 10

FACTOR IN RETAIL With the aftermarket’s ever competitive landscape, many prudent motor factors are looking at ways to diversify their revenue streams. As a result, many have ventured into cross- selling retail products alongside their trade offerings. By marrying up traditional automotive aftermarket offerings with auxiliary products and accessories, motor factors are able to cater for a wider range of customers. GETTING A SENSE OF IT ALL The existing premises, footfall and parking facilities available to many motor factors give them a unique advantage when it comes to developing a retail aspect to their businesses. Having modern service items such as screen wash and engine oil present in the customer’s line of vision, whilst they are waiting for a car part is likely to motivate cross-selling. By supplying the customer with all the tools to get the job done, a motor factor can secure the sale on the basis of customer convenience. This is just one of the simplest examples in which motor factors can expand their sales opportunities. With the help of their local FPS representative, many motor factors have even strategically expanded their product offerings to appeal to non-automotive customers. THE WINNING TEAM PO S ( FR ON MO N UP EY T ST IN PA IED OC RT KH S OL DIN G SH EL VE S B T D ES Traditional motor factor K FPS representatives are completely invested in the success of the motor factors that they service. The team recognises that a motor factor’s success rests on identifying a strategic stock portfolio that sells, not tying them down with slow moving excess stock. EH IND CO U NT When FPS representatives visit their customers, they spend a good amount of time going through the store layout, facing up products, tidying shelves and making note of what products the business owner might need in order to improve sales. ER ) TO BO OLS DY & CA R E FPS has the expertise to support any motor WE actor who chooses to enhance their LD ESK D ING T N O retail presence. Whether it & P FR PE is an 8-foot display of VA LE C T O starter products NS ING AC UM & CE or a full re-fit of AB SS LE OR the storefront, S I E OIL S T S C OW the team is able AR & A & L ING M DD IFT to provide expert ITI ATS ING VE S guidance that allows them to grow at their own pace. This means that motor factors are able to maintain focus on their core business while allowing their auxiliary revenue stream to progress. 10 RETAIL OPPORTUNITIES AD HE SIV ES Motor factor vision VITAL NEWS ISSUE 50