Business of Drinks

30: How to Sell Your Products Into Mass-Market Retail With Mike Percic - Business of Drinks


Listen Later

Today, we’re talking shop! That is, how to work with mass-market retailers. For those who are new to the industry, mass retail refers to big-box stores like Target, Costco, and Walmart as well as supermarket chains like Safeway and Kroger. And what most people don’t realize is that these types of stores have their own ways of doing business, and even their own terminology (do you know what a cut-in is? Or a reset?). So it’s important to get up to speed before trying to pitch your product into this channel. 


Over the past few months, several Business of Drinks listeners have reached out, asking me to do an episode on best practices for working with big-box stores. So today, I’ve got answers! 


I talk with Mike Percic, a mass retail veteran who recently concluded a 16-years career working with Target, most recently leading its Adult Beverage business — and he now advises brands on how to work effectively with mass retailers. 


We’ve structured this conversation as a masterclass, going from how to pitch mass retailers and how to land an order, to how to stay on the shelves once you’ve fulfilled that first order. 


Key Takeaways

-How big your production capacity should be before pitching to mass retail

-Who to pitch and what the pitch process entails

-The business metrics most mass retail buyers will want to know before signing your brand

-How (and when) to ask the right questions — without annoying your buyer

-How (and why) some brands work with sales brokers

-Product placement lead times and lifecycle

-How to get favorable merchandising, like end caps and display assets

-What competitive pricing and favorable margins look like

-Logistics and distribution considerations

-How mass retail buyers will be analyzing your brand’s performance

-How to be a proactive partner to avoid getting kicked off the shelf

This one is chock-full of useful information to help you land some key accounts. Enjoy!


Plus, FREE tickets to Vinexpo America

And an exciting announcement about Vinexpo New York, which is just two weeks away. If you don’t yet have a ticket but were hoping to attend, you’re in luck! Vinexpo has made available 50 free passes to the two day conference exclusively for Business of Drinks listeners — and that includes all of the tastings and masterclasses. When checking out, use the code ERICANYC for your free pass.


And please come and join me — I’ll be closing out the conference on Tuesday, 6/25, at 4:50 pm with a talk about optimizing your marketing and sales to better connect with Millennial and Gen Z audiences. It’s a great way to end the event, with a look ahead at the best ways to move your business forward. Here’s more info: https://vinexpo-america.com/newfront/sessions/10318


Stay tuned for our next episode dropping on June 19. 


About Erica Duecy, host:

Erica Duecy is founder and host of Business of Drinks, and one of the drinks industry’s most accomplished digital and content strategists. She has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies. She also has led digital editorial teams at Architectural Digest and Saveur magazines. Her content, podcast, and video programs have won more than 40 digital and editorial awards. She is a WSET Advanced-certified wine and spirits communicator, and author of the cocktail book Storied Sips (Random House), about the real-life stories behind the world’s most famous cocktails. 

 

To learn more about Erica Duecy:

https://www.instagram.com/ericaduecy/

https://www.linkedin.com/in/erica-duecy-4a35844/

https://twitter.com/ericaduecy

And if you like what you heard, help us spread the word! Follow Business of Drinks, and rate and review our episodes on any platform where you’re listening. It helps us find new listeners. Thank you!

...more
View all episodesView all episodes
Download on the App Store

Business of DrinksBy Business of Drinks

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

18 ratings


More shows like Business of Drinks

View all
Motley Fool Money by The Motley Fool

Motley Fool Money

3,180 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,043 Listeners

The Tim Ferriss Show by Tim Ferriss: Bestselling Author, Human Guinea Pig

The Tim Ferriss Show

16,076 Listeners

Tom Bilyeu's Impact Theory by Impact Theory

Tom Bilyeu's Impact Theory

4,701 Listeners

The Daily by The New York Times

The Daily

110,932 Listeners

The Best One Yet by Nick & Jack Studios

The Best One Yet

9,566 Listeners

VinePair Podcast by VinePair

VinePair Podcast

286 Listeners

Morning Brew Daily by Morning Brew

Morning Brew Daily

2,944 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,258 Listeners

SmartLess by Jason Bateman, Sean Hayes, Will Arnett

SmartLess

57,724 Listeners

Hard Fork by The New York Times

Hard Fork

5,396 Listeners

ReThinking by TED

ReThinking

612 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,323 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

958 Listeners

The Best Idea Yet by Wondery

The Best Idea Yet

412 Listeners