Growing CPG startup from zero to millions in revenue We are experiencing an exciting period within the CPG (Consumer Packaged Goods) community. There has been a notable increase in the number of brand startups, while distribution businesses are actively supporting promising brands, and communities are facilitating knowledge-sharing, advice, and connections. However, it’s essential to acknowledge […]
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We are experiencing an exciting period within the CPG (Consumer Packaged Goods) community. There has been a notable increase in the number of brand startups, while distribution businesses are actively supporting promising brands, and communities are facilitating knowledge-sharing, advice, and connections. However, it’s essential to acknowledge that only a small fraction, approximately 5%, of CPG brands achieve success.
Recently, we had the opportunity to participate in a webinar featuring a CEO from that successful 5% who transformed his beverage startup into one of the most popular ginger shots in New York City in less than three years—Namik. The discussion included Lisa, the Product Marketing Manager at SimplyDepo, and Josh, the CEO of CPG community Foodboro. They shared insights on navigating the competitive landscape and driving success for startups in NYC, one of the world’s largest cities.
From the initial steps to selecting distribution channels, finding sales representatives, utilizing effective tools, budget allocation, and improving sales strategies. Namik’s firsthand experience is invaluable, considering GNGR labs’ impressive achievements in 2022, selling over 1 million items and surpassing $2 million in revenue within New York City alone.
Lisa, a speaker at the webinar, addressed a common struggle faced by young brands aiming to establish self-distribution—finding effective sales representatives and optimizing their performance. She highlighted the importance of having key information, such as the number of store visits and products sold, to analyze the situation and make informed decisions. Lisa emphasized their platform’s usefulness, allowing business owners to track actual growth and identify and address any issues hindering that growth.
Curious about getting products into retail stores, Lisa turned to Namik for insights.
Namik, drawing from his experience, explained the approach to retail store entry. He emphasized the abundance of independent stores in urban states like New York, Chicago, and Los Angeles. To sell your product in these stores, Namik advised physically visiting the store with your product and engaging with the store manager. Offering product samples can be an effective strategy. If the product resonates with the manager, Namik suggested sweetening the deal to secure the placement. The advantage of New York City, in particular, is its openness to these direct interactions. Unlike reaching out to the chain’s president, which could take years, in NYC, you can potentially start selling your product on the same day you visit.
The exchange between Lisa and Namik shed light on the practical steps and opportunities for young brands to penetrate retail stores, emphasizing the significance of personal connections and agility in NYC’s dynamic market.
Foodboro’s remarkable engagement during the webinar and subsequent interactions demonstrated their genuine interest in supporting the CPG community. Josh, at the helm of Foodboro, is committed to empowering entrepreneurs with valuable insights and opportunities for business growth. We extend our heartfelt appreciation to Foodboro for graciously hosting us.
Foodboro is a vibrant hub where founders, investors, service providers, retailers, and other industry professionals converge. This dynamic platform offers an invaluable opportunity to connect, learn from experienced mentors, and foster the growth of your CPG business. Through their dedication and resources, Foodboro plays a pivotal role in shaping the future of the CPG community.
GNGR Labs is an innovative nutraceutical start-up that provides customers with all-natural solutions to support immune and digestive health. Their mission is to revolutionize how minor illnesses such as the common cold are treated by offering natural remedies to help prevent symptoms before they start and reduce their impact once present.
Inspired by a family recipe, Namik experimented with the key ingredients and crafted a cold-pressed ginger shot that made him feel healthier, clearing his digestive system and providing a morning jolt of energy.
It was then that GNGR Labs was born. In the summer of 2020, Namik and his friend Ivan began selling the first few batches of ginger shots from the back of a truck that traveled between Manhattan and Brooklyn, reaching into coolers and introducing locals to their products.
Demand grew quickly, and in a short few years, GNGR Labs sold over a million ginger shots across 800+ locations in New York and is now excited to introduce its signature ginger shots to the rest of the world.
Discover the power of SimplyDepo, the ultimate platform that simplifies wholesale business and self-distribution. Join us to explore the platform, gain insights from our experiences, and hear success stories from distributors and brands who rely on SimplyDepo daily.
And enjoy watching the entire webinar on Vimeo!
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