Go to Market with Discipline - New Hope Network...Stay relevant via new items •Market directly to...
Transcript of Go to Market with Discipline - New Hope Network...Stay relevant via new items •Market directly to...
Go to Market with Discipline & Confidence
SEPT 12 | 2018
Michael Movitz
The Movitz Group
Go To Market Like a Pro
Expo East Business School Baltimore, MD
September 12, 2018
We help early stage brands
raise capital and build revenue.
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED 3
Go To Market Disciplined, Strategic Framework
Finance & Operations Strategic Guidance
Investor & Financial Network
Market Research/Data Expertise & Resources
Subject Matter Expert Ecosystem
• CPG Business Strategy
• Strategic Finance & Operations
• Consumer & Shopper Insights
• Data Analytics
• Corporate Social Responsibility
Strategic Partnerships
• E-comm Management, Branding/Design, Etc.
Thought Leadership
Investor Portfolio And Diligence Support
Mission: Facilitate the transformation of the food system.
Michael Movitz
Founder & Managing Partner
28 Years in Natural Products Industry
Retailer
Broker
Manufacturer
Market Research
Advisory
Business Model
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Pathway
(Commerce)
Promoti
on Pricing People
(Consumer)
Productio
n
Product
Purpose
Brand Prosperity is a Lot Like The Root System of a Tree
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
5
Purpose
A purpose is not the market need a product fills, nor the market opportunity, nor profits.
These are means to an end, or a result.
Purpose defines who you are and why people trust and value you, advocate for you,
and spend their money on you.
The Golden Circle by Simon Sinek
1. Why you exist, your reason for being
2. Policies & actions to achieve your purpose
3. Stakeholder identification & needs
4. Threats & opportunities related to your purpose
5. Branding & messaging that reflects your purpose
6. Will your purpose resonate with your target consumer? The trade?
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© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
6
Product Strategy
1. Market Gap Being Addressed
2. Design to Nuanced Consumer Use Occasion(s), Need State(s)
3. Build a platform, not a product
4. Merchandising Location
5. Nutritional Profile, Nutrient Emphasis/Features
6. Attributes
7. Flavor Profile
8. Label Claims
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
Strong positioning begins with clearly articulating the need your brand or product
addresses. Build a platform, not a product.
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Production Strategy
1. Ingredient Sourcing
2. Formulation
3. Processing Level
4. Preservation
5. Packaging
6. Certifications
There are many ways to produce and package a product. Choices for raw material inputs,
processing, preservation, and packaging materials & design all
impact positioning & innovation perception. Think outside the box.
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
8
People (Consumer) Strategy
1. Who Is My Target Consumer And Why?
2. How Do They Shop For My Kind Of Product?
3. Confirm With Data And Research
Know your consumer profile, needs, habits & drivers better than you know your brokers,
distributors or retailers. Make consumer-centric decisions instead of company-centric
decisions.
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
9
Strategies Based on Consumer Purchase Dynamics
High Buy Rate
Low Buy Rate
Low
Pe
ne
tra
tio
n H
igh
Pe
ne
tratio
n
Increase Buyers
• Increase Awareness: Advertise/feature/display.
Focus on a few big events • Encourage trial: coupons, social media, tell a
friend offer, trial sizes • Introduce new items or campaigns to targeted
new consumer segments
• Keep your brand visible in-store with regular
feature/display support • Use social media to encourage heavy user
interaction with your brand • PR, Event sponsorships • Stay relevant via new items
• Market directly to existing buyers, e.g.,
email, facebook • Find new buyers where product users
congregate – e.g., websites targeted to
gluten free • Focus on building market share and loyalty
within the niche
• Create and market new product usage
occasions. Consider things like special use
packaging (i.e., on the go) • Leverage Multi-pack, Bogo, bonus pack
• On-pack coupons
Drive Deeper Engagement
Niche Opportunities Increase Buy Rate
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
10
Pathway (Commerce) Strategy
1. Where To Sell
2. How To Sell
3. Merchandising Strategy
4. New Product Timing
5. New Account Timing
6. Seasonal Considerations
7. Resource Constraint Identification
People shop everywhere. Should your product be available everywhere? Use discipline
with an eye on positioning, people, pricing, and purpose to prioritize selling outlets &
introduction timing.
Food
Trucks
Hospitality Fast
Casual
Brand’s
Own Web
Site
Specialty
Retail Warehouse
E-Comm
Pure Play
(Amazon,
Jet,
Chewy)
Traditional
Brick &
Mortar
Concession/
Kiosk
Meal Kits Micro
Markets
Corporate
Campuses
Uber Coworking
Space
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
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Pricing Strategy
1. Value Equation & Brand Position
2. Competitive Landscape/Benchmarks
3. Channel Considerations
4. Margin Requirements
Pricing is a strong influencer of demand, as well as of perceived value, and directly
correlates to profitability. Pricing is not just margin or competition based. The goal is
(1) the right price (2) at the right time (3) in the right place (4) to the right consumer target.
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
12
Promotion Strategy
1. Know The Retail Trade Game
2. Consumer Marketing Plan
3. Sampling & Events
4. Influencers
Think/act beyond discounts, samples, and social media. Promotions are how your brand
expresses itself. Being transparent, open & honest are vital to a trusting,
healthy & sustainable relationship – personal, business, and consumer.
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
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Bonus: Plan to Measure
1. Data
2. Key Performance Indicators (KPI’s)
3. Benchmarks
4. Stakeholder access
What Gets Measured, Gets Managed
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
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Where should I focus my resources?
1. Product Taste/Efficacy Taste/Function Rules. Trial Is Not Sufficient.
Repeat Purchases = Sustainability
2. Consumer Champions Advocates = Influence
3. Velocity Proof = Confidence
Units Per Store Per SKU Per Week ( U/S/S/W )
Law Of Diffusion Of Innovation
AKA, Consumer Adoption Curve
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
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Pathway
(Commerce)
Promoti
on Pricing People
(Consumer)
Productio
n
Product
Purpose
Nourish All Roots Of Your Tree To Harvest Abundance
Start Where You Are
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM
© 2018 THE MOVITZ GROUP, LLC. ALL RIGHTS RESERVED
THE MOVITZ GROUP, LLC. | 847.461.3235 | WWW.MOVITZGROUP.COM © 2018 THE MOVITZ
GROUP, LLC. ALL RIGHTS RESERVED 16
The Movitz Group, LLC.
250 Parkway Drive, Ste. 150
Lincolnshire, IL 60069
(847) 461-3235
www.MovitzGroup.com