How to Sell Your Product in Local Stores
How to Sell Your Product in Local Stores
Local stores are often the ideal starting point when pitching your product, as this reduces costs while giving you an idea of how well they fit with existing inventory.
Small retail shop owners and boutiques generally seek products that complement their brand and niche, and may also be more likely to carry newer offerings that aren’t yet widely recognized.
Start Small
Selling your product locally stores is an integral step to expanding your business. Selling to big-box retailers or adding convenience stores as new market participants to carry your goods increases sales and customer awareness of your brand. However, starting small may be best to ensure you make the most of this new market opportunity; usually it is less costly to partner with existing retail locations than opening new storefronts yourself.
First, target smaller retailers who share your demographic. Reach out to a buyer via email or phone and inquire as to their interest in your product; if possible arrange to meet in person and bring samples so the buyer can assess how your offering matches up against what’s already on their shelves and decide if they want to add it or not.
Retailers need evidence that your product has already proven its success on a small scale. Use statistics from your website and other information sources to support any claims you make about its success in their area. Also provide estimated unit costs per item so potential retailers can assess how profitable purchasing your product from you would be for them.
As soon as you’re ready to approach larger stores, research their chain online and identify who their buyers are. Utilize LinkedIn to search for decision makers within each store chain. Once contacted directly by them, introduce yourself and present why your product would make an excellent fit based on unique features or customer benefits.
Approach Smaller Stores First
Not all businesses, like grocery stores or boutique shops, will offer your product the audience it needs. A small shop can help test production and marketing methods before approaching larger retailers; and give you an opportunity to form relationships with people who can give valuable feedback about how well your product sells against its competition.
Large supermarkets typically only accept established products or those already packaged themselves, making it unlikely for your product to make the cut unless it offers something distinctive for their customer base. You can get an idea of what these larger retailers are seeking out by attending trade shows or speaking with people working there such as managers, buyers or directors of procurement.
When speaking with buyers or directors, present them with a product sales sheet or catalog showcasing how your products fit their store’s demographic. Introduce yourself and your company name before briefly explaining why your product might appeal to their customers. Request samples be sent, set up meetings or phone calls as soon as possible.
If you can’t meet directly with potential buyers, send out a letter or email with information on your product and business, including unit cost and profit margin calculations that include manufacturing, shipping and packaging expenses.
Bring Samples
Visit stores directly when selling products to smaller businesses that are likely to respond well to your pitch, especially smaller businesses that can more readily accept your presentation. In-person meetings also give buyers an idea of the value and purpose of your product and offer insights into whether they fit well within a store’s product mix and mission statement.
Call your desired store and introduce yourself and your brand, briefly outlining why the store would be an ideal fit for your products. For instance, if selling cosmetics to Sephora is your goal, explain that their customers would love your line before asking to meet with the buyer for further discussion.
When meeting with buyers, be sure to bring market research, business documents, samples of your products and packaging options as well as explanations as to why each decision was made. Be prepared to address how they differ from what the store already sells and their customer base – for instance if you run a small beverage company you could highlight how your drinks are organic and healthy while being tailored towards meeting customers needs and tastes; sales growth would also be important; it’s a good opportunity to mention where most orders come from as well as any media coverage that’s been received on.
Offer to Consign
Many retailers, especially large chains, prefer products that have already established a market presence. Offering to sell your product on consignment can help build demand before approaching larger stores with full inventory requests. If one doesn’t accept it initially, explore ways to work together together instead, like providing small amounts at first and gradually increasing it over time.
Contacting local store owners begins by writing an email that describes your product and the benefits to their customers. Be sure to greet each buyer by name and provide a brief note about why their store would make a good fit for carrying it. If meeting in person is impossible, send out letters or emails containing sales sheets and press clippings instead.
If you are approaching a retailer that regularly works with handmade artists and makers, visit their shop and look at what products they carry on their shelves. Be mindful of which ones are selling well and which ones don’t. Take note of buyers’ names and contact information in case you want to reach out later; ask if there is someone at their store who could discuss your product further, as well as set a meeting time when samples will be brought by.
Step-by-step training on how to sell to retail chains!
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In this training, I will discuss some of the things to think about when approaching a retailer to sell your products and become a vendor. Hope it helps! 🙂
Karen Waksman,
Retail MBA
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