FODMAP Ingredients for Improved Digestion Medical Foods Products for Enteral Feeding Cricket Protein Product Development Supported Online Launch of “Personalized Nutraceuticals” Sold through Wellness Channels MD Endorsed Heart Health Food & Dietary Supplement Product Line Commercialization of Dietary Supplement Products…
Pharmavite had decided to bring herbal products into the Mass market and hired Hazlin to accomplish the task. The new line was to be contract manufactured by a major health food store supplier who was simultaneously trying to launch their own herb line into Food/Drug/Mass. Pricing versus the supplier’s own branded line required a price/promotion strategy that allowed no budget for consumer advertising.
Naturade learned in May that Costco would not repeat its annual $1 Million 1st quarter weight loss promotion. Loss of this profitable in & out business would have major impact on the company’s year-end cash flow.
MyNutritionStore.com was a concept in an entrepreneur’s mind before Hazlin was brought in to create an organization. The company had to be built from the ground up, with angel capital and sweat equity.
MyNutritionStore.com had a great internet marketing concept, but lacked the detailed plan for marketing execution and the experienced internet management talent to establish a viable business model.
Naturade was the 80 year-old pioneer in Protein Powders. They sold their natural products exclusively through health foods stores. The new private equity owners wanted rapid growth via expansion into food/ drug/ mass without jeopardizing natural channel sales.
Naturade mid-year sales were below budget leading to a late July CEO ultimatum for a new product introduction to generate extra cash for the current fiscal year.
Naturade needed to drive distribution and consumer takeaway of the new ReVivex brand, but didn’t have the cash flow to support the big budget consumer spending required by mass retailers. Any spending could only be funded from new revenue.
Dep Corporation had acquired big-name products in long-term decline, including Lavoris mouthwash, Topol toothpaste and Lilt home permanents. Its market-leading hair gel brand, Dep, was drying up. The company had been using a promotion focused strategy and the biggest brands, Dep and Lilt, had suffered a 3-year, 33% revenue decline.