Unlock the secrets to mastering pricing strategies in the natural products industry with insights from our expert guests, Chase Ballard and Micah Corrigan. Discover how adopting MAP pricing as a standard can revolutionize your market approach and keep your customers coming back for more. We'll explore the common pitfalls of sticking to full MSRP pricing and how this can skew consumer perceptions, making in-store shopping seem more expensive than online giants like Amazon. Learn from other industries' pricing models and gain actionable strategies to refine your pricing tactics and strengthen your market position.

Join us as we reveal the blueprint to building customer loyalty and trust through impactful loyalty programs and transparent practices. We discuss the art of turning customers into loyal "trustomers" with significant incentives and the vital role of training staff to engage effectively with customers at checkout. For retailers hesitant to move away from MSRP, we provide guidance on collaborating with partner brands to offer competitive everyday prices. Trust and transparency are key as we navigate these challenges, fostering strong relationships with partner brands for sustainable growth.

Finally, we dive into innovative promotional strategies that can transform retail success, highlighting the power of BOGO deals and other promotions in boosting sales and brand visibility. While aggressive promotions attract new customers, they also present challenges like brand-switching. We stress the importance of balancing promotions while maintaining customer trust and pricing integrity. By collaborating creatively with brands, retailers can channel enthusiasm and support to build a loyal customer base, ensuring sustainable growth in a competitive market. Don't miss this opportunity to elevate your business with proven strategies and insights.

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Email: info@naturalproductsmarketer.com

About Amanda Ballard

Amanda has worked in natural products marketing in the retail setting since 2016 and has a great understanding of the unique challenges and opportunities that retailers in this industry face. More than anything, she wants this industry to continue to boom and believes much of that success hinges on the ability of retailers to do well in their businesses and market their products effectively.

About Tina Smith

Since 2014, Tina has worked with multiple natural products businesses, discovering how to market their CBD products online, without having their payment processor shut them down, to letting customers talk about their health issues those products have helped them solve. She knows first hand how experts like you offer the best products and a superior customer experience, that is why she is committed to helping you find an easy way to grow your natural product business.

Unlock the secrets of dietary supplement regulations with our esteemed guest, Asa, a seasoned regulatory consultant with a background in clinical herbalism. Discover the intricacies of FDA oversight in the supplement industry and learn why the notion that dietary supplements are unregulated is a myth. Asa's journey from herbal studies in Boulder to advising companies on maintaining compliance provides unique perspectives and invaluable lessons for anyone navigating this complex field.

Gain a deeper understanding of the transformative impact of the Dietary Supplement Health and Education Act (DSHEA) and its role in shaping the herbal and dietary supplement industry. We explore the distinction between structure/function claims and disease claims, and how these affect marketing strategies. Delve into the evolution of labeling and marketing regulations, and consider potential legislative updates that could further refine the guidelines set by DSHEA over the past three decades.

Lastly, we tackle the challenges retailers face in complying with regulatory guidelines, particularly in the context of influencer marketing and digital platforms. Learn about the risks associated with unsubstantiated claims and how innovative tools like Apex Compliance software are helping companies stay in line with regulations. Through practical advice and expert insights, this episode equips businesses with the knowledge to market their health products ethically and legally.

Connect with us:

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Email: info@naturalproductsmarketer.com

About Amanda Ballard

Amanda has worked in natural products marketing in the retail setting since 2016 and has a great understanding of the unique challenges and opportunities that retailers in this industry face. More than anything, she wants this industry to continue to boom and believes much of that success hinges on the ability of retailers to do well in their businesses and market their products effectively.

About Tina Smith

Since 2014, Tina has worked with multiple natural products businesses, discovering how to market their CBD products online, without having their payment processor shut them down, to letting customers talk about their health issues those products have helped them solve. She knows first hand how experts like you offer the best products and a superior customer experience, that is why she is committed to helping you find an easy way to grow your natural product business.

Discover the secrets to thriving in the natural products industry with our special guests, Micah Corrigan and Chase Ballard. Dive into Micah's unique journey that began in the health food retail scene of Hawaii and led to his entrepreneurship in Wisconsin with Great Naturally Electrolytes. Meanwhile, Chase shares his inspiring transformation from an unhealthy lifestyle to a wellness-focused career, highlighting the ethical retail practices he embraced at Nutrition World. Together, we uncover the strategies that independent health food stores can use to specialize and succeed, while maintaining their core principles and ethical standards.

Explore innovative ways to build meaningful connections in your wellness-focused store. Learn how passionate staff and genuine customer care can turn your store into a trusted community hub. We discuss the art of balancing legacy and emerging brands, navigating the challenges of brand loyalty, and effectively transitioning product lineups. Micah and Chase share insights into how independent retailers can serve as influential community leaders, maintaining customer trust even amidst changes.

We delve into the critical process of evaluating brand partnerships, offering tips on using resources like Be Well Verified to ensure alignment with your business goals. Understand the importance of maintaining a strong brand reputation despite the e-commerce dominance. From pricing strategies to marketing tips, this episode is packed with advice to help your natural products business reach new heights. Whether you're a seasoned retailer or just starting, our discussion promises actionable insights to enhance your approach and impact your community positively.

Connect with us:

Facebook

Linkedin

Email: info@naturalproductsmarketer.com

About Amanda Ballard

Amanda has worked in natural products marketing in the retail setting since 2016 and has a great understanding of the unique challenges and opportunities that retailers in this industry face. More than anything, she wants this industry to continue to boom and believes much of that success hinges on the ability of retailers to do well in their businesses and market their products effectively.

About Tina Smith

Since 2014, Tina has worked with multiple natural products businesses, discovering how to market their CBD products online, without having their payment processor shut them down, to letting customers talk about their health issues those products have helped them solve. She knows first hand how experts like you offer the best products and a superior customer experience, that is why she is committed to helping you find an easy way to grow your natural product business.