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.
How will their product or brand have a voice within the total market?
Do they understand how social media will play a part in their launch?
What other low-cost, high-impact marketing or PR plans have they got to drive awareness and, most importantly, sales?
Are there any categories you're particularly interested in at the moment?
Personalisation is a key trend for us, and we're seeing this come alive and grow through so many different categories.
Whether that be through our photo and gifting offering, engraving of fragrances bottles at Christmas, even through personalised hair care where consumers can chose the base, fragrance and added benefits to create their own perfect blend of shampoo!