Steve….forget about mass retail chains. You have to crawl before you walk and teaming up with retailers is almost like “flying”. You are so far away from that especially in this economy.
You also have to realize that the way a product stacks on a shelf and stacking efficiency matters much as well as profit per size let’s call it. If a product is the size of a deck of cards and stacks 100% efficient like that and say brings a profit of $10 dollars, buyers would be thrilled.
Teaming up with big retailers isn’t everything. I turned down Home Depot 3 years ago. The deal they wanted I would have made peanuts!
Do this….get in catalogs. It’s much better odds of being picked up. You get 10 or 20% more your way in the deal. They won’t bug the heck out of you about packaging and display cases, racks etc. and last…once your in there you are less likely to get bumped than on a retail shelf with a similar product. Catalogs are much more loyal.
Start hitting garden centers. From your local one to garden centers that have 5, 10, 20 stores. Try lumberyards with a garden center.
Have you asked for a spot in the literally 100’s of garden magazine and other publications? They cover new products for free in the hopes of when you get big you will advertise with them and plus they want to show the reader all the new stuff.
Get a sales history like I’m doing and then maybe you can push the “big boys” back a little (the retailers) when the economy bounces back….or maybe just forget the big retailers and stay in the secondary market. (There are 3 markets: primary (big retailers), secondary (smaller stores, regional retailers etc., and the custom markets (much smaller)
Here….go look up these 3 products…Shoulder Dolly, Forearm Forklift and Grill Charms. There are many others. They list all their little stores and some bigger ones too to show their “assumed” sales history. That is what you need to do first. Get that list…start small….especially in this economy.
Getting into the game with retailers in this market is cut throat…they’ll bleed the little guy to death these days. Go to Jim Debetta on these forums for this subject. He is our expert on this.
Ron Komorowski
Inventor of Handi-Straps
www.handi-straps.com