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Remember to Check our News/Tips Regularly
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Greetings!
This issue we have four great articles to read. The
first is about using Private Label deals to break
into mass merchants. Private label deals are not
very popular with inventors, mostly because they
don't realize how profitable they can be. So make
sure to check out that article, plus one on finding
your right market and Don's impressions of ABC's
American Inventor. We also have another great
article by the Packaging Diva. Enjoy!
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Breaking Into New Markets
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How to use private label deals to expand your sales
Inventors of just one product typically won't have a
lot of luck selling it to mass merchants, because
mass merchants don't want to buy from small, unknown
companies that could be unreliable suppliers. But
rather than accept defeat, inventors often turn to
private labeling.
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What's in Your Bottle?
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by the Packaging Diva
Bottled water just surpassed the sales of bottled
cola in the last month. Who would have thunk it? Was
bottled water on anyone?s mind 15 years ago? I,
however, was not surprised to read this. It was only
a matter of time.
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Which Market is Best for My Product?
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Using market research to find your best sales channels
Inventors with great ideas for new products often
don't have great ideas for selling those products.
Sometimes the most important thing for selling your
product is to determine which market is best for
your product. If you invented the product for a
certain situation, people with a similar problem in
a different situation might actually be your better
customers. Let's look at Dan Grace and Jeff Polke
and see how their product's sales increased after
switching markets.
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Comments on the American Inventor Show
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Don's likes and dislikes about ABC's new show
Find out what Don thinks about ABC's American
Inventor. While the show is promising in its
treatment of different types of inventors, Don
thinks some of the judges only care about
contestant's personalities.
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