Velocity: How Well Your Product REALLY Sells
This lesson is an essay published by CPG Data Tip Sheet.
Read the essayWhat you'll get
Sally Martin, who writes a guide to the store sales data that research firms sell, explains velocity as sales divided by distribution and shows why two brands with equal sales can need opposite fixes, then compares the main ways data firms measure it. Skip the tool-specific detail unless you buy this data, but the habit of splitting sales into where you are sold and how well you sell there works with a handful of stores too.
Do this week
Write last month's sales as the number of stores carrying you times units per store per week, and decide which of the two numbers you would work on first.