Why a supermarket is a super place to... market your products
by Startacus Admin
Want to get your product on the supermarket shelves? Here are a just a few of the reasons why that will help...
According to research reported by the Retail Gazette, UK retail sales in August 2021 grew at the fastest pace in nearly seven years. The CBI found 60% of retailers reporting higher sales in the year running to August – up from the July figure of 23% and the highest reading since December 2014.
All of this could be especially welcome news to advertisers, given that over 90% of supermarkets’ overall sales occur in store rather than online. Why else should you advertise under the shop’s roof?
You could develop a strong relationship with the retailer itself
“Without them, the brand will fail,” marketing guru Perry Abbenante tells The Balance Small Business about in-store promotions. However, you can’t expect to forge successful promotions of this kind until you have fostered a healthy relationship with retail buyers for stores.
Abbenante – a former VP of marketing at Pretzel Crisps – advises: “If a certain promo is important to the retailer, support it. The retailer may then be more inclined to support you in the future.”
There are opportunities for eye-catching displays
Abbenante recommends that you make in-store displays large and colourful but also simple. You could, for example, show several of your best-selling products in a display coloured to aesthetically match or complement the packaging.
If you have the opportunity to place a product display in an especially popular supermarket, you should design the display to look good even when it is largely empty. After all, the store workers might not always have enough time to replenish its supplies quickly.
Your product could draw notice from outside its usual market
When you are trying to get your product noticed by people who wouldn’t usually ever see it or at least consider it, you should attempt to get it advertised in places it hasn’t been advertised before.
So, if you sell electric toothbrushes, having them promoted in the dental care section of the supermarket would obviously make sense – but what if you could get them into the tech department, too? When positioned near laptops, these toothbrushes could be seen in a new light.
You could advertise attractive prices and deals
“It’s all about the price point. Most retailers have accepted the multiple-price-point mantra,” Abbenante has said about how you could tempt customers to buy more of your product. So, advertising “two for £5” could work out much better for you than simply “£2.50 each”.
Listing pricing like this – as well as discounts and temporary price reductions (TPRs) – prominently on your supermarket ads can pay dividends.
You can catch attention from customers as they approach the store
Some of the supermarket advertising opportunities available include digital screens sited close to store entrances, enabling you to reach out to shoppers who could be open to purchase suggestions.
If you know that you sell a particular product in a supermarket where one of these screens is located, you could book that space and use it to display contextually relevant details, like those of a limited-time deal for as long as this supermarket offers it.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...
Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.
Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.
SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future
A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated
Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 1st September 2021
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.