Where should I go for additional funds after my family? I get asked this question routinely, so I’d like to share the answer I recently gave on my PGS Live show. And it includes a counter-intuitive response you’re probably not expecting. #1 – Seed - Virtually all consumer brand founders begin with some kind of seed capital, whether from their
The vast majority of CPG startups in what I call the Death Funnel (trailing annual revenues below $500,000 wholesale) operate as B2B businesses. Their founders don't interact with their consumers face-to-face. They manage distributor orders, distributor relationships, and case numbers. They drink words from their brokers' mouths. As long as case volumes grow, these founders are happy. As long as their wholesale price can float operations
I talk a lot about planning your experiment as you Ride the Ramp. And measuring. And iterating. I did not discuss what to do when you encounter historically disruptive events, like a global pandemic. And what I recommend you do is usually reserved for large, multinational
There is nothing worse for a high potential, emerging CPG brand than to enter the right retailer the wrong way and thereby to squander inventory (potentially lots of it) that could be moving faster elsewhere. It's essential to seek partnership with high-potential retail chains, i.e., a
Modern POS analytics for emerging CPG brands. Learn how to manage exponential growth like a pro!
I launched my current business in 2017 with a series of LinkedIn videos, including why you need a strategic plan. Keeping you and your team accountable is the most important reason to write a straightforward plan consisting of three things: your revenue targets for 2-3 years maxyour
If you don’t know the behavior driving velocities off the shelf, you can’t really optimize marketing, promotions, channel strategy or much of your 4P playbook. As I write in Ramping Your Brand, most of your revenue as a CPG brand, especially as an early-stage one is
Many Skate Ramp consumer brands have scaled with very little (or any) paid marketing activities out-of-store. Instead, they relied on other, labor-intensive field techniques I write about in my book. But, had they done advertising and done it well, would they have scaled faster? It's a
Here they come. 2021 Trend lists in food, beverage yadda, yadda. Nothing will stop them. Not a freight train. But curb your enthusiasm for these curations of the weird. Rare with potential to scale is what you want as a founder, not just any kind
Wait. What? TJ's doesn't do curbside pickup? Curbside bag dump? Won't let Instacart inside? Really? They must be bankrupt by now? Yeah, Yeah, this is where my mind went in summer when I discovered that Trader Joe's made no precisely no changes to its no