7 Missing Line Items in Most CPG Business Plans
I DID NOT KNOW THAT!
CPG Business Plans Vs Reality The day after you launch your new consumer package goods product, your business plan takes a back seat to your cash flow projection. The CPG business plan is a great way to theorize how things are expected to unfold in the marketplace....
3 Big Risks of Rebranding
IF IT AIN’T BROKE, DON’T FIX IT!
Most brands don’t die because they are murdered by the competition. Most brands die of self-inflicted wounds. In the time we built the Barefoot Wine brand, we saw many brands come and go in the marketplace. Most of them fell victim to their own rebranding campaign....
7 Considerations to Improve Your CPG Ingredient Brand
NOW WITH XYLITOL!
By hawking a well-known and desirable ingredient which is included in your product, you can capitalize on the pre-existing demand for that ingredient. This is especially true in the consumer packaged goods space. After all, a big part of marketing is identifying with...
5 Ways Consumer Brands Can Gain and Keep the Competitive Advantage
“I WIN!”
Every CPG business wants to win in the market. They all want the competitive advantage. Many of them break into the market with a bang, but are unable to sustain their competitive advantage, and go out with a fizzle. The real challenge is not to just gain the...
Don’t Let Price Anchoring Sink Your Ship
COMPARED TO WHAT?
The first price your customers hear or see is the price from which they will reference all future pricing messages. In other words, the first price is the anchor that they will keep coming back to in their minds when considering higher or lower prices for the same...
The Buyer’s Journey to Discover Your New CPG Product
LOOK WHAT I DISCOVERED!
Don’t let them kid you! Old-fashioned bricks and mortar stores are still the best place for buyers to discover your new consumer package goods (CPG) product. Why? Simply because they’ll see it, trip on it, or have to negotiate their cart around it. If you’re fortunate...
The Future of Bricks and Mortar Stores May Surprise You!
“RETAIL IS NOT DEAD YET!”
The reports of the death of bricks and mortar retail stores have been greatly exaggerated. While it’s true that, according to the Department of Commerce, e-commerce is the fastest-growing segment of retail sales, it still represents less than 10% of the total market....
5 Ways to Build Brand Personality Into Your Consumer Packaged Goods Brand
“I JUST LOVE THAT BRAND!”
Some brands instantly make you smile. They seem to take on almost human personality traits we can all identify with. Consumers seem to be drawn to attractive brand personality traits. It’s definitely a personality contest out there. The question is, where does...
5 Ways Product Differentiation Can Improve Your Sales
BUT HOW IS IT DIFFERENT!
There’s so much noise out there in the competitive market, it’s only natural for customers to notice and be attracted to products that have differentiated themselves. They are drawn to the unique features that set those products apart from their...
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