Play Video

How Not To Fail at Retail CPG

by Foodbevy
April 10, 2022

Congratulations! You’ve accomplished what all CPG startups dream of: your products are on store shelves. From here on out it’ll be smooth sailing. All you need to do is make sure you produce enough to keep up with demand as you get more doors…right?

Sadly, this is what many companies believe as they’re just starting out…but they couldn’t be more mistaken.

Getting product on the shelves is fantastic – but it’s only the opening bet. It’s what comes next that will determine whether you end up with all the chips, or none. And the vast majority of startups – over 80% – end up with none. One of the major reasons for this is that most only discover the real challenge of winning in the retail game AFTER they’ve already sat down at the table. That’s a really bad time to learn the rules of the game – but it’s not too late.

The “what comes next” is trade promotion. It’s probably the biggest line item on your P&L. And if you don’t take control of it, the retail distribution channel will use it to literally drain your company dry. This is why Promomash exists – to help CPG entrepreneurs survive and thrive in retail by handling trade promotion more profitably and more effectively.

In this free 1 hour webinar, the team at Promomash will show you how to take control of Trade Promotion.

Topics include:

  • Re-framing Trade Promotion: what it is and levers that can be pulled to manage performance
  • Choosing the right objectives (growth, profit, velocity)
  • Obstacles in trade promotion to watch for (especially DEDUCTIONS)
  • Opportunities in trade promotion that benefit your whole company

 

How Promomash can help:

  • Promotion Planning
    • One comprehensive place to plan and manage your entire trade promotion spend. Create and manage your promo calendar by account, view profitability projections, project accruals, and arm your sales team for better negotiations.
  • Deduction Management 
    • Maximize receivables and minimize hassles with turnkey Deduction Management Services.
  • Field Marketing Management
    • Whether engagement happens in-person or online, Promomash let’s you manage field marketing smarter and focus on scaling your program for growth.

More From The Blog

This Week in CPG 11/11/24

News from NUFS, Love+Chew, Yellowbird Foods, Blackbird Foods, Mesa de Vida, B.T.R. NATION, Heyday Canning Co, Sweet Loren, Terranean Herbs & Spices and IQBAR.

Read More »

Subscribe To The Foodbevy Newsletter

Be the first to get our latest news stories, interviews, and discounts. 

Restricted to Premium Members Only

Sign In

Not a Premium Member? Sign Up Here:

The online the community for food and beverage founders