The Profit-Boosting Power of Unique and Exciting Products for Retailers.
While itโs possible to run a successful shop solely with traditional convenience store staples, retailers can elevate their range by finding profitable unique and exciting products. These are the products that present shoppers with a point of difference and tie into key trends. The bonus for the store owner is that many of these niche, unique products offer higher margins because they must work harder to earn their shelf space.
Unique and exciting products can be found locally, through a specialty wholesalerโlike Epicurium, on social media, or by simply creating a new product yourself.
Adopting a DIY Approach
Nishi Patel, of Londis Bexley Park in Dartford, Kent, began making his own baguettes in-store to help customers with the rising cost of fresh sandwiches.
โThe cost of buying sandwiches was becoming an issue because customers couldnโt afford them,โ Patel explains. โSo, we decided to make our own and offer them as part of a meal deal.โ
Although a meal deal isnโt a new phenomenon, offering a homemade solution has become a hidden gem for Patel, especially as shoppers buy on the go and are after comfort food in the winter. Hot food has also become a key profit driver.
โCustomers want hot food to warm up in the winter, so thatโs what we offer. Our challenge was getting the right codes and highlighting all the ingredients, but Country Choice helped us with this to make sure we are compliant with Natashaโs Law,โ he adds.
In addition to this, Patel has invested in high-end tequila. โGin is declining for us, so after doing some research, we invested in two tequilas: Don Julio and Reposado,โ he says. โItโs too early to tell, but with Christmas coming up, weโre expecting them to perform well.โ
Looking Local for Global Appeal
Alan Mannings, from Shop on the Green in Chartham, Kent, has found success with frozen ready meals sourced from a local supplier. โThey are curry meals, made up of fresh meat and vegetables and take 45 minutes to cook,โ Mannings says. โThey are a huge seller.โ
Manningsโ strategy is to target shoppers who would otherwise order a takeawayโoften waiting up to an hour for delivery and paying more than the cost of a shop-bought meal. In fact, the average household spends ยฃ31 on takeaway every week, and Mannings feels these ready meals offer the takeaway experience at a lower costโand calories.
โMore people are concerned about the ongoing cost-of-living crisis, but this provides a cheaper alternative that can be picked up on the way home.
โWe stock 20 varieties, so customers can really replicate a takeaway experience, and itโs healthier for them, which is an ongoing shopper missionโespecially as we approach Christmas,โ he says.
How to Find Unique Products to Sell
Social Media and the Rise of TikTok Shop
Social media is king for marketing your business, but with the rise of TikTok Shop, it could be key to finding your next bestselling unique product.
Patel, for example, sourced some hard candies that are suitable for people with braces. โThey cook them over a day or two so theyโre almost powder, but because itโs slow-cooked, the shape remains,โ he explains. โAnd because the inside is powder, those with braces can have them without getting them stuck.โ
Patel sourced them from a Luton wholesaler and charges ยฃ3.99. โItโs quite a high RRP, but weโre on our fourth case in a month, so itโs been worth the investment,โ he says.
Navigating the Market for Unique Finds
Finding unique products for your store could come from word of mouthโby talking to other retailersโor from simply scrolling social media accounts, like TikTok.
Alan Mannings often uses Epicurium to elevate his offering. โWe need to increase turnover and bring in new customers, so weโre currently researching how to do that,โ he says. โWe use specialist wholesalers, including Epicurium, because you never know what you might find.โ
Do you want your own curated range
of unique and exciting products?
At Epicurium, unique and exciting products are a specialty. Many of the brands on offer meet the demand for multiple trends, such as health concerns, protein, or sustainability. Register an account to shop with us today or share your story with us for a chance to feature on our site.