Before you jump
into creating your retail buyer pitch, start with creating your One Pager New
Product Launch Summary. Complete each to the best of your ability and then go
back and refine each one more time. Keep this to a single page so you can keep
this on your desk to keep you focused.
How Will You Make Money? (your business model)
Are you selling only to retail? Are you an ecommerce
business? Are you doing both? Are you creating your own brand, private label or
both?
What
are your Products/Services
Make
sure you are very clear as to what you sell. If you make ice cream, be sure you
articulate if you are premium, gluten free, vegan, etc. since ice cream is such
a large category with many sub-categories.
Who
is Your Target Market (your customers)
Stay away from
saying "everyone"… mistakenly thinking that if everyone eats then
everyone is your target! No. Describe your customer in enough detail so the
world can see a "picture" of your customer. Think about why your
customer is different, how they might use your product in their lives. This
should be compelling enough that a retail supermarket buyer can see that your
customer is also their customer.
Where
Will You Sell Your Product?
Will
you be in supermarkets and if so what type? Will you sell only to specialty
stores or independent health food stores? Are you selling as an ecommerce
company?
Sales/Marketing
Strategy
Try
thinking of Who, What, When, Where and Why to help you formulate your strategy. Read the article
on About.com Butter
Lane Cupcakes Uses Social Media to target new customers to see an example.
What
is your Competitive Edge?
This
is your unique selling proposition and should be more than taste.
Why
Should the Retailer Buyer Give You Shelf Space?
Retail
shelves are full and as a shopper you can see that for yourself. So if you want
to get on the shelf, the retailer has to either discontinue another brand or
reduce the number of facings in the category to make room for your brand. If
you fail to articulate a compelling case you have little chance to get on the
shelf.
Read on About.com Creating
a Winning Retail Sales Pitch for Keys to Success, Potential Deal Breakers
and Advice from a Real Food Entrepreneur.
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