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The Novel Coronavirus Spotlights Opportunities for New Consumer Packaged Goods

Michael Houlihan & Bonnie Harvey — Wed, 22 Apr 2020 17:00:37 +0000

It’s clear that the direct-to-consumer business got a big shot in the arm from the shelter-in-place orders that many of us are now living under.

Even though these restrictions are temporary, they have trained many new consumers to use online services to order their CPGs (consumer package goods) and have them delivered. This includes food, beverages, cosmetics, cleaning supplies and other packaged goods.

Many new on-line shoppers will never go back to physical shopping. Once they discover the convenience of home delivery, they will rely on it permanently.

What does that mean for CPG brand builders? Online consumers will tend to stick with the brands they know. They will not be as likely to stumble upon a new brand or make a notion or an impulse buy.

This means, the older, more established brands will get stronger as more and more shoppers go to “same-as-last-time” repeat ordering. Sure, there will be more paid pop-ups and paid side-bar advertising.

To read the complete article, please visit The Business Journals

Who We Are

Michael Houlihan and Bonnie Harvey co-authored the New York Times bestselling business book, The Barefoot Spirit: How Hardship, Hustle, and Heart Built America’s #1 Wine Brand. The book has been selected as recommended reading in the CEO Library for CEO Forum, the C-Suite Book Club, and numerous university classes on business and entrepreneurship. It chronicles their humble beginnings from the laundry room of a rented Sonoma County farmhouse to the board room of E&J Gallo, who ultimately acquired their brand and engaged them as brand consultants. Barefoot is now the world’s largest wine brand.

Beginning with virtually no money and no wine industry experience, they employed innovative ideas to overcome obstacles, create new markets and forge strategic alliances. They pioneered Worthy Cause Marketing and performance-based compensation. They built an internationally bestselling brand and received their industry’s “Hot Brand” award for several consecutive years.

They offer their Guiding Principles for Success (GPS) to help entrepreneurs become successful. Their book, The Entrepreneurial Culture: 23 Ways To Engage and Empower Your People, helps corporations maximize the value of their human resources.

Currently they travel the world leading workshops, trainings, & keynoting at business schools, corporations, conferences. They are regular media guests and contributors to international publications and professional journals. They are C-Suite Network Advisors & Contributing Editors. Visit their popular brand building site at www.consumerbrandbuilders.com.

To make inquiries for keynote speaking, trainings or consulting, please contact sales@thebarefootspirit.com.

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Breakthroughs Are Rarely as Spontaneous As They Seem

Michael Houlihan & Bonnie Harvey — Wed, 26 Jun 2019 13:28:45 +0000

Today it seems like we are hearing about a new breakthrough every day.

It’s easy to get the idea that these breakthroughs are instantaneous bolts of clarity from very gifted people. Once in a while there is a sudden stroke of genius that leaves us all in awe. But most of the time the real breakthroughs are years in coming and the result of much cooperation and analysis.

Sure, there are the “Why don’t we just…” moments, but most practical and lasting breakthroughs require a team. Here’s what we experienced with several breakthroughs that occurred in our business.

1. Other industry practices

We had a problem with keeping our advertising signs up on the supermarket shelves. The competition, or the cleaning people, would take them down regularly. Sometimes we couldn’t even get our marketing materials to the shelf. They were thrown in the dumpster by our distributors. We were spread so thin we couldn’t cover all the stores with our own limited staff.

One day we noticed that some soup cans had an award medal affixed right to the can to communicate value to the shoppers. It took us two years to work out the mechanical issues necessary to put our award stickers on our bottles, on the bottling line. That meant that finally we had at least one piece of merchandising material that made it to the shelf every time and couldn’t be removed.

To read the complete article, please visit The Business Journals

Who We Are

To make inquiries for keynote speaking, trainings or consulting, please contact sales@thebarefootspirit.com.

The post Breakthroughs Are Rarely as Spontaneous As They Seem appeared first on The Barefoot Spirit.

Impulse Buying in Retail Stores is Exciting for Everyone

Michael Houlihan & Bonnie Harvey — Thu, 01 Dec 2016 18:00:37 +0000

Online shopping for the Holidays is great fun! You avoid the crowds and can usually get your entire gift list knocked out in an hour. But you feel a little empty, like something’s missing! You pretty much have to know what you are shopping for in advance, look for the best price, and have it delivered with a type written note.

No matter how sincere you try to make that note sound, just doesn’t hold a candle to a hand-written one, personally delivered in a festively wrapped package, topped with a colorful bow. On line shopping is so perfunctory. Sure, you thought of the person and bought the gift with them in mind and even thoughtfully chose the words for the card. But they got it in a plain brown shipper with a commercially prepared note. It’s somehow mechanical. It just doesn’t feel right.

On the other hand, when you physically go out to the stores, something wonderful happens. You are excited about the effort you are making on behalf of others. You enjoy getting dressed for the occasion and being seen in public. The stores are decorated and there is an air of entertainment and Holiday spirit that adds to the occasion. You through in a great lunch or even some holiday cheer!

And something else happens that’s hard to do on line. You are liable to buy something you hadn’t planned on. The notion buy, or impulse buy, is something that you have to be there to experience. You weren’t shopping for it, but there it is. You discover it. You might think, “That would be perfect for Jim!” It’s a pleasant surprise and you are thrilled to make it your gift. We have found that impulse buying is half the fun of physically shopping.

Retailers know they have this old-fashioned advantage over online shopping – and so do producers. It’s a perfect opportunity to get a new product out there at a time when there’s plenty of traffic and plenty of motivated buyers. Customers get to see it for the first time, touch it physically, appreciate its quality and compare it to other like products. They know what they are buying and they get the instant gratification of taking it home the same day.

Last year 97% of retail sales were sold in bricks and mortar stores. 70% of shoppers polled said they would rather shop in a “real” bricks-and-mortar store. No question, online is the fastest growing segment of the retail market, but retail stores still provide shoppers with that real shopping experience.

Retailers certainly feel the heat from online sales but they are not taking it sitting down. They are stepping up the shopping experience with more decorations, more entertainment, and more events, with additional live and in-person customer service, better inventory control, and more surprising new items just waiting to be discovered by shoppers just like you.

So, if online shopping leaves you feeling a little bit like a purchasing agent and a little empty in the excitement department, why not get dressed up and go shopping? You just might find that perfect gift for that special someone. And you will enjoy doing it! We say go check out the stores this year. Happy Holidays everybody! And happy shopping!

Who We Are

To make inquiries for keynote speaking, trainings or consulting, please contact sales@thebarefootspirit.com.

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