What can you learn from Wall Concepts' story?
Start With What You
Know. Carsel and Schneider were painters who bought most
of their supplies from Sherwin Williams. When they and Zuchowski
had their product ready, they went to those stores first. Later,
they approached Ohio Home Depot stores, then finally QVC. It's
smart to start with customers you know, then move outward as you
gain experience.
Keep Up the
Momentum. Momentum creates a sense of accomplishment and
makes you look more appealing to potential customers. When you
start small, you can do demonstrations and make frequent store
visits. Inventors are frequently asked about their reorder rate
(the percentage of buyers who buy the product more than once).
You're unlikely to get reorders unless you make special efforts
to help stores sell your product.
Keep Looking and Keep
Trying. Zuchowski found a partner in Valspar Corp. just
by visiting home improvement stores to see what was new. You
can't afford to hope for orders from a few potential
customers-you need to search out every possible sales outlet and
keep asking those outlets for orders. "You can't expect
anyone to give you an order on the first call," says
Zuchowski. "You have to keep calling."
Be Open to
Partnerships. "It's important to have someone
check on your merchandise in every store," Schneider says.
"Most inventors don't have the resources for that. They
need partners to provide an effective retail interface at major
stores." That's how Wall Concepts' partners Q Direct
and Valspar Corp. helped make SpongePrince a national brand.
This article was originally published in the July 2001 print edition of Entrepreneur with the headline: Home Fires Burning.


















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