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This question is about merchandiser.
To get your products into stores, start with research, create the perfect pitch, visit the retail store, price accordingly, be prepared to negotiate, and be ready to provide support.
You've made a product worthy of Shark Tank and you're not sure what to do next. Wondering what's the best way to get your product in the store? Don't worry, we got you covered.
One way to get products into stores is to contact retailers directly and establish a relationship with them. This can be done through direct contact, online forms, or even online marketplaces. A successful business relationship between the retailer and the product supplier is essential in order to get the product onto store shelves. Additionally, distributors may also be used to transport the product from the supplier to the store or marketplace.
Step-by-step guide to getting your product in the store:
Research Your Target Demographic: Prior to approaching stores, do your homework and research potential sales outlets for your products or services. Identify the most appropriate stores for your product type that can cater to the demographic of your target customers.
Make a Formal Pitch: Once you've identified the stores you would like to partner with, create a formal introduction letter or sales pitch that outlines who you are, what your product is, and why it would be beneficial to have it stocked in the store
Visit the Retailer: If possible, arrange a face-to-face visit with the store buyer or manager. This will give you the opportunity to demonstrate your product in person and explain why it would be beneficial to the store to carry it.
Understand the Reputation: Be aware of the reputation and track record of the store and see if it is consistent with the values and ethos of your brand. This is important for maintaining the integrity and image of your product or service.
Price Accordingly: To avoid pricing wars with other stores, make sure that the price point of your product is attractive to buyers, yet still profitable. Try to negotiate a great deal while ensuring the store still makes a reasonable profit.
Negotiate Payment Terms: Part of the negotiation process may involve payment terms. Offer terms that fit both parties' needs, such as a longer pay-back period if the store agrees to take on a certain number of units.
Provide Advertising Support: If possible, offer to help promote your product or service within the store. This could include providing visuals and promotional literature, creating an in-store display, or working with the store to generate additional advertising and press coverage.
Follow Up: After the arrangements have been made and the agreements signed, it's important to follow up to ensure that everything goes according to plan. Keep in contact and let the store know of any developments or changes related to your product or service.

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