Last week I attended a business professionals networking event in my hometown. The event was extremely well attended and actually turned out to be a lot of fun (I am not saying this just because I was on the planning committee). I met a lot of great contacts and I caught up with some old [...]Continue Reading
Archive for “Run Your Business Better”
Over the last few weeks on my own blog, I have covered topics ranging from stress busters to back to school to linked in for moms to past mishaps. It has been a busy few weeks with back to school, diving into a full schedule, and trying to remain calm, cool, and collected. Some days, [...]Continue Reading
For better or worse, we live in a world full of numbers discussion. No matter where you go, someone is chatting about exact quantities and numbers. How many calories is that sandwich? How many RPM’s does that car do? How much did you earn at your first job? How many ounces did the baby drink [...]Continue Reading
Picture this: It’s late December. You’re planning for the year ahead. You resume your work after dinner. Totally in the zone! But there’s a problem. A major problem. The computer is frozen. Nothing works. You turn it off. You turn it on. Nothing works right. Your files and software are inaccessible, useless. I’m telling you [...]Continue Reading
Whether you’re a startup or you’ve been in business a while, you don’t have to spend a lot of money on marketing to get extraordinary results. Here are some usual marketing ideas that reaped extraordinary results from nine business owners across the US. Use their ideas to come up with your own unusual marketing ideas. [...]Continue Reading
With Labor Day upon us, either most schools are back in session or about to start. That means Moms and Dads Gone Wild. Do NOT let your mind get carried away with you…..I am talking about moms and dads all over the country are changing schedules, transitioning into a new routine, and welcoming the occurrence [...]Continue Reading
Hi gang, welcome to Noodle Baking 101! It’s been a while! How’ve you been? Still in business? Growing? Circling the wagons? Custer’s last stand? Hey, you got into this entrepreneur thing because you don’t fear uncertainty – don’t forget that! This is fun! You could be like all your friends, who are right now being [...]Continue Reading
Hi there StartUpNation! I am back after one final tribute to summer last week. Where I live, school is back in session as of today, and I am glued to my desk and ready to go! In between camp and school, my WHOLE extended family headed to the beach last week. We enjoyed one last [...]Continue Reading
Yes, another acronym. API means Application Programming Interface. Ok, your eyes just rolled back. Don’t stop reading, I’ll give you some reasons why you need to know this term: 1. The essence of an API is that it makes it easy for two types of programs to talk to each other. 2. So when you [...]Continue Reading
Last week, I wrote about ME time for the start-up biz person. Do you take it? Do you avoid it? Do you think that you do not have the time to take it? You get the gist of where I am going with this….. My thoughts were that YOU cannot afford to skip ME time, and [...]Continue Reading
This week, a fellow mompreneur tweeted me that I need to write a post on how mom entrepreneurs strategically find time for pampering (as in pedicures, facials, and some would say – exercise). As I am a big proponent of scheduling and fitting as much as we can into our busy mom lives, I am up [...]Continue Reading
You have signed up for Twitter, learned about Twitter Etiquette here from me, and NOW WHAT? You are an emerging brand trying to establish yourself. You know that Social Media, namely Twitter, plays a role in this process. BUT, you do not know what to do next? How do you connect, engage, and share with [...]Continue Reading
Summer has definitely settled in…..Everyone is busy enjoying some fun in the sun, and I think only in the mood for short and to the point posts. In light of that combined with the universal interest in swimwear during summer, I thought I would give some pointers to help avoid Twitter Behind today. As small [...]Continue Reading
A few months ago, I wrote a post here at StartUpNation on what every mom/entrepreneur should have in her bag of tricks. This was a fun post for me to write because I carry a large (really large) tote everywhere I go. Please do not ever look inside that tote because it is the most [...]Continue Reading
As a small business owner and mompreneur, no matter where I turn, I am bombarded with emails, webinars, seminars and blog posts on the importance of being on Twitter. Well, I am on Twitter – Are You? In addition to having your own business website, writing a blog, managing a Facebook page, and participating in [...]Continue Reading
As you likely have heard, California passed a new tax law last week that created quite a stir, and resulted in Amazon.com terminating its affiliate program in the state effective immediately. What you may not know, though, is that this type of law – an Affiliate Nexus tax law – could require you (not just [...]Continue Reading
o You will need to provide the buyer with data on competitors and how your products compare or are better than them. Actual customer marketing research should be presented (not just your opinions on why your product is the next million dollar idea.)
o They don’t want to see prototypes, unfinished samples, or waste time with ideas. You probably would not even get an appointment with an idea.
o Have your pricing and product configuration ready to go. They are interested in selling, not testing new products.
o Have your packaging ready, with bar codes….at the meeting.
o Make sure you are familiar with Wal-Marts buying process, and how they place their products into the stores. (this is not so easy to do, a great agent can assist in this.)
o Conceive every question or comment the buyer might ask you about your product, and be prepared to have the answers for them. Play your devils advocate, and be willing to be in the hot seat.
o Be prepared to take some heat on pricing, and always appear to be educated on the products demographics and competitors pricing. Know, know, know your best pricing going in, you will be drilled about it! Wal-Mart buyers deal everyday with many manufacturers direct, so in their category you better believe they know what something should cost. If you’re pulling the wool over their eyes, you could look silly.
o Be willing to listen to the buyer’s advice and guidance when it comes to the product. They have great insight!
o Make sure you don’t take pictures (anywhere in the building). They are very strict, so leave your cell and camera in the car!
o Think your product is the next million dollar idea! Be humble and willing to take criticism.
o Argue with the buyer. If they turn the item down, say thank you!
o Expect the buyers to dictate to you what you need to do to develop the item. They will give general advice, however, you’re presenting to them, you better know what you are selling.
o Waste their time.
Always Dream BIG!
Kim Babjak, and her team at KimCo LLC, are a multi-faceted product development company that offers a wide range of consulting in the areas of “Mind 2 Market” product & business development. With over 20+ years of combined retail experience and sourcing overseas, Kim Babjak and her team of professionals can help create successful product creation and placement. We help companies with product development, prototyping, and manufacturing overseas and. With our vast retail buyer relationships, we can then assist with the product being placed into electronic retail (QVC), and big box retail outlets like Wal-Mart, Target, Home Depot, Costco and many others.
After returning from Bentonville last week, I realized what I had just done was the most exciting thing an inventor/entrepreneur could ever do. Walk the hallways of the buying office at the headquarters of Wal-Mart…. The blue and gray walls signify America, and the American dream of most product developers; to place their products into [...]Continue Reading
Recently someone asked me about the transition from every day mom to mompreneur. Did I like my “new life?” Was it different than before? Better? Or worse? Was I pleased with my decision? Do I like my new life? Heck ya! The real question is: When is it right to make big changes to your [...]Continue Reading
This week, after orchestrating insane childcare arrangements (school is out), I attended The Inventor’s University and The Inpex Invention Trade Show in Pittsburgh, PA. This was a phenomenal experience for me, and I am so excited to share some of the highlights with you. I did not have anything ready to exhibit, but I decided [...]Continue Reading
For my boys, school is out for the summer, and that means “let the fun begin!” After sitting inside all fall, winter, & spring, they are absolutely ready for a new pace. Summer brings warm weather and ditching the jackets, longer days, and growth. I am not talking about just the flowers growing and blooming, [...]Continue Reading