Deductions are a huge drain on your finances. Not all are valid. They can derail and even bankrupt your brand placing a huge burden on your cash flow while negatively impacting all aspects of your business. It’s estimated that 25% of a brand's gross sales are tied to their trade promotion budget. The challenge is that over 70% of all trade spending is wasted or ineffective. Knowing how to maximize each and every promotional opportunity is critical to your long-term survival as a brand. Deductions play a big part in this. Every slight improvement means more runway for sales growth, higher brand valuations, better terms when negotiating with investors, fuel for more innovation, greater support for mission-based causes, and more! Let's face it, retail is “pay to play” and big brands have a substantial unfair competitive advantage. You feel like the deck is stacked against you and for good reason – but it doesn't need to be. What if I told you that there was a better way? What if I told you that you were not alone and that even the big brands struggle with this? It's true – and I have first-hand knowledge working with hundreds of retailers as well as big and small brands in every stage of development. Enter your name and email address below and I'll send you periodic updates about the podcast. Sign up to receive email updates
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2016 Category Management Handbook Page 20 & 21