Being Ready to Break Into New Markets
By: Kathy Connolly
Posted: April 28, 2014, from the May 2014 issue of GCI Magazine.
Part of nearly every beauty brand’s strategy is growth, but growth to where? When you know you want to grow your brand, you have to figure out the best ways to enter new markets before launching.
For new market launches, stick with your key hero products. Too many unfamiliar products launched too fast is overwhelming. Start small, build a base, then grow.
Make sure your support system for new markets is solid. Retailers see lots of beauty brands, and the better prepared you for launch, the better chance your brand has.