Estimated reading time: 1 minute, 2 seconds

2009 SALES; THE 20 PERCENT SOLUTION

Two very good resellers reported that in 2009 they had revenue growth of more than 20 percent, which is akin to saying they found a cure for cancer, given the way the economy went last year. It's not wise to name them and I'll simply say they carry major midmarket lines.
These companies have been known for excellence, but it wasn't necessarily an easy year for either of them. Listening to their explanations of how they accomplished this, I racked my brain for any commonalities--marketing, leadership, similar markets--but the thing that kept standing out was product line changes. Both added products, one from the same vendor and one from a different vendor; saying which products might give this away easily. And I've heard the discussion from others who had decent years that they had a focus on their product mix in a way they haven't for a while. Carrying more than one good, competitive product is a difficult, even if both are from the same vendor because they were resources and they divide management's focus. But I've believed for a long time that companies that carry one financial application do not do as well in a downturn as those that are diverse. I view the 2009 results as supporting this argument.
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