Market entry strategy
When considering entering a new market, having the guidance of an expert that knows the ins and outs of the market is invaluable. Having helped over 30 international businesses enter the UK market, we have a comprehensive knowledge of the vital steps for success. We provide a complete solution to entering the market: providing detail on the relevant category and key competitors, recommending a route to market, sourcing a distributor or agent, refining product formulation and packaging through consumer research and managing customer accounts.
Route to market
While it can be tempting to approach the major supermarkets straight away when entering a new market, successful brand entry often requires a more nuanced approach. It is advisable to build brand awareness through smaller consumer accounts to demonstrate a successful track record to the larger retailers or wholesalers when they are eventually approached. Having helped a number of brands enter the market this way, we can advise on the most suitable route to market for you. Whether this be in the retail or foodservice market, we have both the knowledge and contacts to make your brand a success.
Partner and distributor search
No matter how good your product tastes or your brand appears, if you are unable to attract the attention of the retailers or wholesalers in the competitive UK marketplace, your product will struggle to gain traction. Having an agent or distributor on board that knows the market, and is passionate about your product or brand, can mean the difference between becoming a prevalent mainstream brand and being destined for the brand graveyard. With our proprietary database of UK distributors and agents, we can help find the right UK partner for you.
Retailer listings and distribution
Having worked both client and retailer side, we have a good idea of what both parties want to get out of the buying-supplying relationship and we focus on delivering the win:win. In the first instance, we can help advise on which buyers to contact, how to approach them and how to present your brand to appeal to their specific requirements. We can be as involved as you want us to be – whether you want us to coach and support you through your retailer pitch or whether you just want help finding out who to contact, we are happy to help.
Retail account management
Once you have achieved your listings, we can also help manage your account, as we do for a number of international clients who are often focused on several new markets at a time. Responsiveness and efficiency are traits highly valued by retail and wholesale customers, and our team of account managers at HRA Global can ensure your retail accounts are handled smoothly and contact is kept regularly with buyers so as to react to opportunities and deliver promotional and in-store marketing plans.
One of the key pitfalls for many brands approaching the retailers is not knowing their market well enough. Modern retail buyers expect you to be fully up to speed with price movements, market share, competitors, packaging trends and flavour developments. With our access to the most up-to-date market data, we can create a thorough category analysis which details market and consumer trends, recent NPD, competitor brand positioning, pricing and performance. This will help us to identify the gap for you brand and, if necessary, refine its positioning to help it stand out from competition and increase buyer appeal.
By putting together a clear Value Proposition from the outset, this ensures you can build and retain a strong brand while staying focused on your core customers. A Value Proposition is an exercise that produces a clear brand identity and a precisely defined target audience. Putting together a Value Proposition internally can be challenging as distilling a brand into a simple core essence is often something companies find almost impossible to do. By using our trained eye for unique propositions, HRA Global can help in this process by asking the key questions to get to the heart of what your brand is about and how to make it a success.