Brand Positioning Examples in the CPG Space are Price Sensitive
JOCKEYING FOR POSITION
What is brand positioning? It’s relatively easy to identify your CPG product’s value proposition. But positioning your product in the harsh retail environment is quite another story. Think of the value proposition as a broad description of your products features,...
How to Trademark a Logo for Your CPG Brand
There are many sites and companies out there that will take your money and file a trademark on your behalf with the USPTO. They will walk you through the process which typically involves searching to see if anyone else has already trademarked your logo, documenting...
7 Sales Strategy Tips to Increase Your CPG Sales Territory
Effective CPG sales strategy planning requires a knowledge of, and respect for, the harsh realities of the retail marketplace. It’s a multifaceted landscape into which your product must fit, survive, and thrive. Due to the physical nature of the distribution system,...
What Does Customer Service Mean To You? An Interview with the Founders of Barefoot Wine
SERVICING ALL THE PLAYERS
We are interviewed on this subject on a regular basis. The interviewers are usually podcasters, radio show hosts, or magazine writers. They are interested in practical and doable advice from a successful CPG producer. They want to know what customer service is for a...
How To Calculate Net Sales and not get Fooled by the Numbers
IT COSTS MONEY TO MAKE MONEY!
One of the biggest mistakes we see being made by new CPG branded product producers is they simply follow the net sales calculation formulas designed for accounting. This formula seems plausible and to the inexperienced, it may even seem complete. But it’s far from...
The Risks of Rebranding May Outweigh the Benefits
“WHAT HAPPENED TO MY BRAND?”
To rebrand or not to rebrand? That is the question! Whether it is nobler to be new and different or tried and true? More than a few brands have disappeared as a result of well-meaning rebranding and repositioning. This is especially true of CPG brands. Unlike personal...
Price Elasticity Can Break Your Brand
PRICING YOURSELF OUT OF THE MARKET
The price elasticity of demand is an economist’s way of describing what everybody who has ever had a business already knows: Generally, your price is determined by the market. Wouldn’t it be nice to raise your prices and see no decrease in demand? You’d be rich! But...
Keep Your Sales Pitch Concise, Compelling and Compassionate
GETTING TO FIRST BASE!
In our many years in business and working as advisors to Startups, Buildups, and Buildout companies, we’ve heard hundreds of sales pitches. Most of them strike out before they ever get to first base. The ones that hit the ball squarely all have three things in common....
Five Competitive Forces that Shape Strategy are Out to Get You
FROM ALL SIDES!
It’s hard enough to make a buck these days. You’re going to need a whole lot more than a good idea. In fact, as we found out, you’ll need to take several adversarial forces into consideration. It’s like fighting a battle on many fronts at the same time. You’re...
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