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The Startup CPG Podcast

#83 Trade Spend & Retail Promotions 101 with Jake Huber (+ Niramaya)

The Startup CPG Podcast

Startup CPG

Startup, Food, Business, Beverage, Cpg, Entrepreneurship

4.9642 Ratings

🗓️ 21 March 2023

⏱️ 70 minutes

🧾️ Download transcript

Summary

Trade spend and promotions. You want your product to have a shiny sale tag at the store and help people discover it, but how do we get there? It’s a topic that can get expensive and messy really quick, so I wanted to bring back one of our favorite podcast guests and community sales experts, Jake Huber, for a 101 level episode. Jake is the US Sales Director of St Pierre, Americas #1 brioche brand, and has previously been on the show to talk through brokers and first sales hires. Today we dig into how to set yourself up for success when creating promotional calendars, calculating trade spend, and tracking results - all with the goal of driving velocity. Listen in as Jake shares about: - How trade spend and promotions are defined, including common types like off-invoice, MCB or manufacturer charge backs, and scan-backs - When trade spend and promotions are planned and how to make sure the promotions you plan actually happen in the store - Tips for navigating free fills and BOGOs and how emerging brands fit in a system built for big CPG - How to navigate distributor promo calendars versus retailer promo calendars - Ways to keep track of promotions you’ve authorized and evaluate results - Tips for utilizing shippers, getting display opportunities, and building rapport at the store-level - And more! And, stay tuned at the end for a bonus segment - today featuring Startup CPG Shelfie Award winner, Niramaya - Jake and I will share our reviews mid-episode and then at the end of the episode, you can catch a mini-interview with Niramaya’s founder, Mehek Khera, to learn more (at 53:16)!

Transcript

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0:00.0

I think it's important to recognize that this industry is all built around large brands and

0:09.3

large retailers and most of the forms you fill out.

0:11.8

They're all geared to that.

0:12.9

And then you've got to figure out how to kind of fit in and where and what works, but just

0:17.4

be skeptical of most things and just think they're not built for our brand.

0:21.6

Welcome to the Startup CPG podcast. I'm your host, Jesse Freytag. Trade, spend, and promotions.

0:28.1

You want your product to have a shiny sale tag at the store and help people discover it.

0:32.8

But how do we actually get there? It's a topic that can get really expensive and really messy very quickly,

0:39.2

so I wanted to bring back one of our favorite podcast guests and community sales experts,

0:44.5

Jake Huber, for a 101-level episode on trade spread and promotions. Jake is the U.S. sales

0:50.9

director of St. Pierre, America's number one brioche brand, and has previously

0:55.8

been on the show to talk through brokers and first sales hires. Today, we dig into how to set

1:01.2

yourself up for success when creating promotional calendars, calculating trade spend, and tracking

1:06.6

results, all with the goal of driving velocity. Listen in as Jake shares about how trade

1:12.8

spanned and promotions are defined, including common types like off-invoice, MCB, or manufacturer

1:19.1

chargebacks, and scanbacks, when trade spend and promotions are planned for the year and how to make

1:25.1

sure the promotions you plan actually happen in the

1:27.5

store.

1:28.8

Tips for navigating freefills and bogos or buy one get ones at the case level and how emerging

1:34.4

brands fit into a system built for big CPG.

1:38.1

How to navigate distributor promo calendars versus retailer promo calendars.

1:43.0

Ways to keep track of promotions you've authorized and evaluate

...

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