How To Get Your Product In Retail Stores
You've poured your heart and soul into creating this amazing product yet you struggle to figure out how to get your product in stores. Although the retail trends are in favour of eCommerce currently, brick and mortar stores won't just simply cease to exist. People still prefer to see and try a product in person before spending their money. And with eCommerce that's hardly possible.
So how to approach retail stores to sell your product? Is there some secret recipe? Let's find out.
1. Identify your target market
2. Make contact with local buyers
3. Make a name for yourself at Trade Shows
4. Use social media to your advantage
5. Pitch your product in person
6. Create a Sales and Marketing strategy
8. Show them analytical data
9. Show your product's trajectory
10. Partner up with other brands
11. Try a number of approaches
How to approach retail stores to sell your product?
When we asked how to get your product in stores we wanted it to get answered by brands that have been through the process and understand it from beginning to end. So you'll find that the following approaches on how to get a product in stores have already been tried, and more importantly, proven effective.
Identify your target market
The best way to get your product in stores is to select a distributor that will assist you in getting to market as soon as possible. Another important element to consider when it comes to your product is story mapping, as it helps with product release plans.Make sure the distributor you select sells to your exact target market , and that they know how to deliver goods to that market and how to get your product in stores.
Finding out who distributes your competitors' goods or who offers complementary products to yours is one idea. When I say competitors , I'm referring to companies that sell a lot of products. Finding a distributor who represents similar and popular products can help you bring your product to market quicker because they are already familiar with the market and how to compete and win. It also gives the retailer a great promotional opportunity by allowing them to build packages and add-on offers for several items, thus increasing the revenue potential of the product.
Alex Thompson, Director at Festoon House
Make contact with local buyers
When it comes to getting your product in stores, start with local companies where you see a match for your brand now that you've set your terms and have your line sheets ready. Try to get a buyer's name and set up a meeting where you can bring samples and talk about the brand.
Headbands of Hope got into the first few stores because I walked in with headbands and demanded to talk with the customer. I was so sure they'd sell that I gave stores a consignment deal to try them out (producing payment for me only when the products sold).
You may also offer consignment if you want to get your foot in the door. However, in my personal experience, as my business expanded, it became more difficult to track down orders and checks on a consignment basis, so we now only do orders.
Please find Dusan's details below for credit as required and thank you for your time.
Dusan Stanar, Founder and CEO of VSS Monitoring
Make a name for yourself at Trade Shows
Trade shows may be the perfect answer to your question about how to get your product in stores. They have the potential to be your golden ticket. That's because retailers attend trade shows in droves, constantly on the lookout for what's new and next. However, you should pick your shows carefully because they can be a significant time and financial commitment.
To reap the profits, you must be completely committed.
Your booth doesn't have to be bright yellow, but you don't want to just hang a couple of signs or people would walk right by them. You think of the same concepts that designers use in department store window displays that are built to make customers pause and look .
In reality, if you have the funds, hiring a professional booth production company can be a wise decision.
Collin Matthews, CEO and Founder of Cookwared
While most people think of social media as a way to generate buzz among customers, it can also be used to attract wholesale buyers.
My plan was to use Instagram to develop a following of outdoor and niche-related influencers. In exchange for a free product, those influencers posted pictures of my products and wrote about them.
We had a chain retailer from Alaska with six locations reach out to us and put an order for 150 items on the spot within the first few weeks of posting on Instagram. Without ever having actually seen one in person.
As a result, we decided to stop selling solely online and instead approach smaller chains and individual boutiques around the country to get the items on store shelves.
Julien Raby, CEO and Founder of Thermogears
Pitch your product in person
If you want to get your products in stores, your pitch should be delivered in person rather than over the phone. This also allows you to carry samples of your goods to the store. Prepare the highlights and be ready to answer the nitty-gritty, but still be considerate of the purchasing manager's time. He or she may be juggling three tasks at once, and you need to keep track of your time. It's critical to have a sell sheet with all of the pertinent details, but don't look at it during the pitch. Know all there is to know about your product. If necessary, practise in front of the mirror or with your dog.
Bram Jansen, Chief Editor of vpnAlert
Create a Sales and Marketing strategy
Distributors would be interested in learning how you want to sell to retailers and customers. And, at the end of the day, getting people to buy your stuff is your responsibility. Ultimately, the supplier is in charge of generating retailer and customer demand.
Make use of all available marketing resources to help boost demand and ensure that retailers continue to place orders with your distributor. The most profitable items for your retailer and supplier are the ones that move and are replenished repeatedly.
Sylvia Manman Kang, CEO of Mira
Four steps to follow
Want to know how to approach retail stores to sell your product? Follow these steps:
- Research to see if they will be interested. An organic store won't carry a regular shampoo.
- You should always have a pitch. A pitch that shows them how much they're missing out if they don't carry your product.
- Make sure you have the necessary sales numbers to support your pitch. Nothing impresses more than statistics that prove your product is selling.
- Locate their decision-maker in LinkedIn and go straight for them. A personal buyer-supplier relationship you're building will help you a lot in getting the deal more favorable.
Luat Duong, Search Engine Optimization Lead at Scandinavian Biolabs
Show them analytical data
When going to pitch your product to a store it is best to show them pure analytical data. Present them what demographic tends to purchase your product, how has the growth of your product looked over the past year and how your competitors do in stores. If you are able to showcase great numbers for all of these it makes it extremely difficult to reject your offer.
Ryan Salomon is the CEO of Kissmetrics
Show your product's trajectory
When presenting your product to a retail store, it is best to mark out your product's trajectory in the given area. Show how your product has boded online and where the sales have come from. If you are more so centered locally, show them that you have a loyal following in the area that can make a splash in a retail store. Create hype on your social media platforms that show the retailer that people are genuinely excited to get their hands on your product in person.
Carrie Derocher, CMO at TextSanity
Partner up with other brands
We are a small batch handcrafted uniquely flavored toffee maker on Amelia Island Florida. Based on my grandmother's recipe we took tradition and added a creative twist. There are many local toffee makers and even though we offer different flavors we knew we had to also approach the market place in a special way.
I decided partnerships were the best way to leverage our brand awareness and gain a greater presence. So we partnered with an up and coming distillery making a bourbon toffee. This exciting combination of ingredients and flavors landed us on the shelves of Whole Foods and Total Wines.
We continue to push the envelope and have partnered with The Ritz Carlton making custom flavors (ghost pepper salt and grand marnier is one example of our specialty flavors) for their events and guests. Creative, unique, special is what puts Amelia Toffee on shelves.
Anita Comisky, Founder of Amelia Toffee Company, LLC
Try a number of approaches
My best advice on how to get a product in stores would be to try a number of approaches – remember buyers are people too, there's no one single best way to approach them.
Due to Covid many trade shows have moved online which is great – I've been approached by a number of buyers through virtual trade shows this year. Virtual events are much easier and more cost-effective for small businesses compared to traditional in-person events.
Some stores have discovered my brand through social media – so having a well planned out, attractive social media feed is always important.
I've also had some success "stalking" buyers on LinkedIn – it can't hurt to send a few buyers from stores you're interested in an invitation to connect!
I also believe it's important not to just contact any store – make sure your brand offering is a great fit with the store you're pitching to.
Ally Mahoney, Owner of Sunny Active
Conclusion
Knowing how to approach retail stores to sell your product is a skill you must master if you want your business to succeed and grow. Creating a good product and expecting to sell on its own is a fairytale. You have to craft a plan on how to get a product in stores. Hopefully, some of the examples above helped you gain insights into what works.
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How To Get Your Product In Retail Stores
Source: https://enterpriseleague.com/blog/how-to-get-your-product-in-stores/
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