From a well-known CPG founder;
Think of FB custom audiences the same way you would an email list
A/B test for engagement objective (clicks, comments, shares)
Maximize your budget hammering frequency
Keep the custom audiences engaged so you always have a warm base to activate
It ended up screwing them over.
The money they saved on manufacturing in Mexico was lost when brands returned the ingredient for not passing spec on potency.
Spoke with a supplement ingredient distributor friend today.
He told me a story about a "respected" ingredient supplier (who shall remain nameless).
Unfortunately anecdotes like this are more common that you think...
This supplier was manufacturing their ingredient in Mexico
Then shipping the ingredient to Italy for the final ingredient manufacturing step (grinding).
They were doing this so that the Country of Origin on the COA said Italy instead of Mexico.
If you found this thread useful, please;
1) RT the first tweet to help increase education around probiotics.
2) Follow me @roy_krebs for more content like this.
Woah... one study found that only 1 out of 17 commercial probiotic products matched label claims.
9 contained bifidobaterium species not listed on the label,
12 were missing strains claimed on the label,
and 4 had unidentified non-bifidobacterium species.
The most important KPI in retail
--> Weekly SPSS (sales per stores selling) in units & dollars
This velocity metric allows you to identify store / region / chain performance
--> Lend extra support to both the worst and best performing stores
In retail, brands can make $ by spending more on promotions
But you need support from the retailer (endcap placement, etc) to win
At NS we opt for fewer promos (generally 3x yr) and do everything we can to support their success:
Deeper discounts, email list push, online ads
When developing new CPG products, there is a delicate act of balancing innovation with familiarity.
Be in front of trends, but not too far ahead
Be familiar, but differentiated.