Smith Douglass Associates

Podcast – What Food and Beverage Manufacturers Need to Know About Industrial Auctions

Today, Donna had the pleasure of talking with Eric Weiler, President of New Mill Capital. Eric was able to shed light on the industrial auction process and how food and beverage companies can take advantage of the benefits.

Here are the topics we discussed:

1) Why should companies consider used equipment vs new?

2) What does the current supply chain look like and how has that affected the used marketplace?

3) What should people expect when buying at auction?

4) When should companies sell their used equipment?

5) Why did you decide to specialize in the food and beverage industry?

Right now, is the perfect time to utilize the auction setting to buy equipment, get into your facility quickly and at a discount. Also, if you have surplus assets, you should sell them now so you can get top dollar and create an additional revenue stream for your company. All food and beverage manufacturers should be looking into auctions.

Podcast – Grow Your Marketing Through Emotion and Strategy

In this episode, Donna Peterson interviewed Janet Granger, founder of Marketing Career Mentor & author of OK Boomer.

We discussed why people buy. Did you know there is a proven connection between emotion, neuroscience, and B2B buying? While many insist they make choices only on facts and data, final decisions are always emotionally based. We also spoke about how relationship building should be the main objective for all B2B brands. In order to do that, your marketing teams need to have a clear strategy.

To make sure you are working in the right direction, everyone in the company must know the company’s Mission Statement, and make sure their strategies are aligned. This gives you the guardrails to stay on the right course to reach your target audience and obtain your goals.

We also covered:

1) Do businesses buy based on emotion or just consumers?

2) What do you see as the biggest marketing challenges in both the B2C and B2B companies?

3) How the Marketing Career Mentor platform creates a collaborative environment where individuals in marketing can share ideas, tactics, and trends.

4) The biggest marketing trends in 2022 Gone are the day of sending out broad marketing promotions that promote your product. To stay ahead of your competition, you have to be thinking about your target audience and how the product benefits them. Then make sure your promotion is delivered in a way they will resonate with.