Private labeling, or offering a product or service provided by another company under your company's brand, is a great way to market your retail business. Private label products help market your company and develop your reputation as a provider of goods and services of bargain value or high-end exclusivity.
Private label manufacturers help retail companies increase their presence and diversify their offerings. When choosing a private label manufacturer, it's best to consider the following:
The best contacts and resources to help you get it done
Choose budget values, premium goods--or something in between
Before choosing your private label manufacturer, determine how you want to position your brand. Different private label manufacturers can help you offer lower-cost alternatives to name brands, high-quality premium choices or quality products that encourage customers to buy locally.
I recommend: Alibaba offers a global list of private label manufacturers.
Do a background check on your chosen private label manufacturer
It's important to know if your private label manufacturer, particularly a private label food manufacturer, has ever been involved in a recall or if the quality of its products has ever been questioned. Having to pull products off the shelves due to a safety concern is never good for business - and if you're small enough, this could potentially aid in the demise of your company.
I recommend: The
Private Label Manufacturers Association can provide information about its members. You must be registered to search the site, so
take the tour and then
sign up.
Determine the types of products you want under your private label--and how many
The more your brand is out there, the more you'll be able to build your retail brand. Depending on the goal of your brand, it's important to choose products wisely. For example, if you want your company to be known for high-end beauty products, it's best to stick with skin care, perfume, hair care, and other similar product lines.
I recommend: Check out Private Label Magazine for the latest
private label manufacturing industry news, as well as ideas for your brand.