The Sales & Marketing Partnership Ltd’s Post

Why should major retailers be interested in your innovative brand? It may seem obvious, but I've seen many companies fail to do sufficient due diligence before talking to retailers. This usually means a significant revenue and brand awareness opportunity is lost for 6 – 12 months. Having a thorough understanding of your market and what the retailers are looking for is one of the most important steps to successfully persuading them to list your brand. Here are 9 questions to help with the process: Market ✹ How big is the market for your product – volume and value ✹ What is the realistic market share could you win? ✹ How price sensitive is the market – commodity, premium, niche or mass Product & Retailer ✹ What are the unique needs met by your product? ✹ How is it different from in market competitors? ✹ What is its value proposition - (premium/mass/budget) ✹ How much will customers be willing to pay? ✹ What will your product do for the target retailers? ✹ Will it enhance category value, margin, volume, drive more consumer traffic? Demonstrating an understanding of how each of the above impacts the retailer’s business is a vital part of persuading them that your brand is right for them. #founders #founder #consumergoods #fmcg #cofounders

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics