Lily Child, beauty innovation buying manager for retail giant Boots, offers insight in to what she looks for in new suppliers and offers top tips on pitching.
What do you look for in small business suppliers?
1. Knowledge and passion
A great business supplier to Boots, no matter what their size, is passionate about their products! They know their product and consumer inside out.
They understand the full landscape in which they will be operating, and where their offering sits amongst the competition.
2. Differentiation
In order to compete in a busy market place, smaller brands must have something unique about them.
Whether that be a fantastic new claim, stand out branding or packaging, an amazing new active ingredient or an innovative new technology, there must be something that stands you apart from the rest.
3. Marketing know-how
It is often the case that small business suppliers tend to have smaller budgets. This means that they need to be really savvy with their marketing.