Catalogs fill the mailboxes of consumers everywhere, retailing
every product under the sun--from household items to gifts to food.
You name it, and there's probably a catalog that specializes in
it. If you're aching to see your product on the pages of one of
those fancy catalogs, the good news is that it's definitely
possible. "Merchants are always looking for great
products," says George Hague, senior marketing strategist with
J. Schmid & Associates, a catalog consulting company in Shawnee
Mission, Kansas.
The key is to research the catalog that best suits your product
with the right niche and price point. One mistake new entrepreneurs
often make is not understanding catalogs' margins and price
points. "Catalogers like to operate on a more than 50 percent
margin," says Hague. "If the retail price is $10, then
catalogers will [likely] ask you to sell it to them for $3.50 or
$4."
Identify the catalog's main consumers and the types of
products offered to see if it's a good fit for your product.
Michelle J. Massman, 38, and Jackie Urbanovic, 52, did just that
when they pitched their Maggie Comics line of notecards and gift products to
the Femail Creations catalog a few years ago. They loved the
artistic products the catalog offered and found its focus on
women-owned businesses inspiring.
Content Continues Below
Getting into a catalog takes time. Even with a good initial
response from the catalog owner, getting Maggie Comics'
products into the catalog still took about two years. Since
appearing in the catalog in mid-2004, Maggie Comics has seen
website traffic increase, and the catalog has already placed a
reorder that Massman and Urbanovic hope will increase their
part-time business's four-figure sales.
To speed up your own process, find out exactly what your target
catalogs want. Ask about their price points, margins, volume (the
quantities they expect their vendors to provide) and turnaround
time (the time when you might expect a reorder). Send quality
samples. Hague suggests putting together a merchandising summary
sheet with a good image of the product, product description,
benefits, retail price points, terms (how you'd like to be
paid) and shipping turnaround time. And don't overpromise on
product quality or the quantities you can deliver. "If you
have those points covered," says Hague, "it makes it
easier for the merchant to say yes."
Originally published in the February 2005 issue of Entrepreneur's StartUps