Opportunities in Vitamins: Increasing Sales Through Cross ...

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10/10/2016 1 Opportunities in Vitamins: Increasing Sales Through Cross-Merchandising and In-Store Signage! Opportunities in Vitamins Josh Rimany declares no conflicts of interest or financial interest in any product or service mentioned in this program, including grants, employment, gifts, stock holdings, and honoraria. Liz Tiefenthaler is President of Pharm Fresh Media. The conflict of interest was resolved by peer review of the slide content. Gabe Trahan is the Senior Director of Store Operations and Marketing with NCPA. The conflict of interest was resolved by peer review of the slide content. 1. Create a merchandise crossselling plan for your pharmacy front end. 2. Discuss the use of color and design to create branding and how to use the brand image to build sales. 3. Plan signage, sign rotation, special promotional signs, and measurement for optimal results. Learning Objectives

Transcript of Opportunities in Vitamins: Increasing Sales Through Cross ...

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Opportunities in Vitamins: Increasing Sales Through Cross-Merchandising and In-Store Signage!

Opportunities in Vitamins

Josh Rimany declares no conflicts of interest or financial interest in any product or service mentioned in this program, including grants, employment, gifts, stock holdings, and honoraria.

Liz Tiefenthaler is President of Pharm Fresh Media. The conflict of 

interest was resolved by peer review of the slide content. 

Gabe Trahan is the Senior Director of Store Operations and Marketing 

with NCPA. The conflict of interest was resolved by peer review of the slide content. 

1. Create a merchandise cross‐selling plan for your pharmacy front end. 2. Discuss the use of color and design to create branding and how to use the brand image to build sales. 3. Plan signage, sign rotation, special promotional signs, and measurement for optimal results.

Learning Objectives

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Charlotte, NC20082014

Dilworth Drug & Wellness Center!

Josh Rimany RPh.

6 Pharmacies within 1½ miles 

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Dilworth Drug and Wellness Center 

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"Live Better, Stay Well."

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#1 size is the 60 count.

139% GROWTH 

0

200

400

600

800

1000

1200

2012‐13 2013‐14 2014 ‐15 2015 ‐16

456

756

9371090

Probiotic by Unit Sales

2015 Ranked  #1, 2, and 4 best selling items 

0

100

200

300

400

500

2012‐13 2013‐14 2014 ‐15 2015 ‐16

183

313335

407

Omega 3 by Unit Sales

123% GROWTH 

#1 size is the 150 count

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0

100

200

300

400

2012‐13 2013‐14 2014 ‐15 2015 ‐16

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316353

393CoQ10 by Unit Sales

142% GROWTH 

#1 size is the 30 count 100mg.

CoQ10 Omega 3 Probiotic

2.8X 2.2X

Three Top Sellers by  Retail Dollars

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By Unit Count

Supplements Non Supplements

Top 25 Selling OTC  Items

Vitamins

VitaminsVitamins

Vitamins

Vitamins

ENTER

Pharmacy

Vitamins

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Reposition 

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Testing one two theree

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Here is a test of your readiness to expand into the vitamin and supplement market.

1. Do you have a brand promise that is actionable, emotional and/or social?

2. What kind of experiences will a customer have that demonstrates this brand promise?

3. How can you make this experience one that people are willing to pay for?

4. Is it clear to your employees what behaviors deliver this brand promise to customers?

5. What is your plan to operationalize and systematize in a way that everyone is on the same page?

Expansion Test

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How much impact does design have on trust and mistrust of health websites?In a test of consumer reaction, of all of the factors mentioned for rejecting or mistrusting a website:

• 94% were design related• 6% were content related

—Derek Halpern, “Trust and Mistrust of Online Health Sites” 

Design Impact

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Brand Experience Priority

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Digital Media

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Don’t market products.  Market what the brain craves.

Use great design and persuasive communication that is focused, attention getting and actionable.  Done right, your patients are willing to pay for the opportunity to be sold.

Value your brand experience

Anti AgingAnti Aging

Weight Control Weight Control 

EnergyEnergy

StressStress

Sleep Sleep 

LibidoLibido

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Vitamins

Supplements

Find a vitamin line you can recommend!

I don’t think it will hurt you.

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Offer different types of quality not color of labels.

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Photo credit: b‐change.me

The Paradox of Choice

Good           Better           Best 

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National Brand   ‐ Preferred Brand – Low Cost 

Category Placement

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Pharmacist Recommended Brand 4ft Section in Front of Pharmacy Bench

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High Profile Wall 

Vitamin & Supplement good neighbors:

• Across or in line with Cough & Cold.

• Across or in line with Ant Acids and Laxatives

• Within in site of waiting area.

• Leading end cap into Vitamin category.

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Sign Design STEPThree

This Item is recommended by our pharmacist

Josh!

This item is Recommended by our

Wellness Team

ThisItemrecommendedbyourpharmacist.Live better. stay well.

Use business size cards. 

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Less than a cup of coffee a day!

If you need to use price either:

Use the word “ONLY!”

Less than 50¢ a day.

Great Signs Never Mention Price

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• Trimethlglycine (TME)

• In a Liposomal Liquid form

• Graduated Pipette Dispenser

• Supports Healthy Homeocysteine levels

Manufacturer Speech

Manufacturer Speech

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No Clinical SpeechHow’s your folate

metabolism? Vitamin B12 or cobalamin plays essential roles in folate metabolism and in the synthesis of the citric acid cycle intermediate, succinyl-CoA.

Feel like taking a nap?

Ask our pharmacist if our B12 is right for you.

Choosing Graphics

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Ask our pharmacist about B12

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(Demo PowerPoint)

DESIGN Slide Size

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In House Design and Printing

Out Source Design and Printing

STEPFour

• Feminine Hygiene• Shaving• Antacid / Laxatives• Pain Relief• Cough & Cold• Hair Care• Skin Care• Family Planning• Vitamins• Eye care• Diabetic Supplies

Cross Merchandising with Signs 

STEPFIVE

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www.crnusa.org/roadmap/CRN-FMI-RoadMap-wPharmWeb.pdfwww.crnusa.org/roadmap/CRN-FMI-RoadMap-wPharmWeb.pdf

Council for Responsible Nutrition

Opportunities in Vitamins