Thinking like a Retailer March 19, 2014 Welcom ome Moderat ator: - - PowerPoint PPT Presentation

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Thinking like a Retailer March 19, 2014 Welcom ome Moderat ator: - - PowerPoint PPT Presentation

Your ur Edg dge e in in a Ch Changing ging Marketplace tplace: : Thinking like a Retailer March 19, 2014 Welcom ome Moderat ator: : Brian Moyer Penn State University Extension Prese senter er: : Eric Barrett Extension Educator


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Your ur Edg dge e in in a Ch Changing ging Marketplace tplace: :

Thinking like a Retailer

March 19, 2014

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Welcom

  • me

Moderat ator: :

Brian Moyer Penn State University Extension

Prese senter er: :

Eric Barrett Extension Educator Ohio State University

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Abo bout ut th the se e seri ries es

Help farmers markets strengthen their position in the marketplace by understanding the characteristics of their customer base; building a brand worthy of community support; and staying competitive in a rapidly evolving local food scene.

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Why Thi Why Think nk Li Like e A Retai aile ler? r?

  • Increased number of farmers markets
  • Consumers have more retail choices
  • Vendors have more market choices
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Think Like a Retailer

An overview for Farmers’ Markets

Eric Barrett

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Branding from last Session

  • Be sure to watch this webinar!
  • Branding is the start of your visual identity

– It’s how customers see your market – It’s how vendors see your market – And determines their future with you

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Our mission

  • To give you an Edge in the marketplace
  • By going beyond what you think of as a brand

– Everything you see – Everything you miss

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Retailing 101

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Retailing 101

  • Is your shopping experience up to par in

today’s marketplace?

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The big guys are copying!

  • Have you checked them out?
  • How can you continue to differentiate?
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Retail Trends

  • Social media rules

– Pinterest/Twitter - Recipes

  • Technology rules

– Smart phones

  • Try here, buy on-line

– We can avoid this, right?

  • Relationship marketing

– The old, “new customers are too expensive”

  • Entertainment

– Interactive

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Food Trends

  • Convenience/snacking
  • Healthfulness
  • Local
  • Men are shopping more
  • Boomers control ½ of

food dollars by 2015

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Implementation!

  • Show your vendors!
  • Make “Snack” a common word
  • Ideas?!!
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YOU have an edge, right?

  • Authentic

–Talk to the farmer –Ask how it was grown

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Competition

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What are they using?

  • Farm stand like displays
  • Hyper local sourcing
  • Constant connections with customers

– Social media, sampling, logos on bags…

  • Sales tactics

– Customer loyalty, incentives, sales…

  • Why is it working?

– Location, convenience, image

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Activity

  • Get started now!
  • Homework
  • Analyze

– Competition – Market – Vendors

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Example: Whole Foods 1st wow outside Looks like a farmers market! Cool! 1st thing seen inside Produce, produce, unique produce Logo appearances Every sign, pricing sticker, napkins First friendly hello Produce stock person Employees wearing… Aprons, solid color w/logo Visible Prices, Sales Clearly marked prices, yes sale items Displays Bright, colorful, full, farmer bios Bundled items Holiday table – flowers, food, coffee Avacados, tomatoes, cilantro, onions Most memorable part of visit unique items, vastness, produce! Most memorable ‘item’ Blood oranges

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But, it’s not that easy

  • We are more than our competition!
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Product

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Products – what are you selling?

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Why do people buy cars?

We assume… Safety To get somewhere ?Really? Satisfaction Status Speed Style Cup holders! Etc…

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Peppers

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Quality in Direct Marketing

  • Varieties are different
  • Quality is different
  • Vendors must comply
  • How do customers use it?
  • Why does it taste better?

– Tomatoes

  • Sprinkle Salt, Drizzle oil, refrigerate for 30 minutes?
  • Compare yours to others.
  • go.osu.edu/producequality
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Product Mix

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Vendor Gap Analysis

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Vendor Gap Analysis

Vendor

Tomatoes Early Tomatoes peak Tomatoes Heirloom Sweet Corn Berries Stone Fruit Pome Fruit Value Added Dairy Cheese Eggs Root Crops Greens

ABC Farm

x x

DEF Farm

x x x

GHI Farm

x x

JKL Farm

x x

XYZ Farm

x X X

  • Where must we set limits?
  • Full Time – Seasonal – Part Time
  • Where at the opportunities (holes)?
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Seasonality

  • Are grocery stores seasonal?
  • Have CSAs eliminated seasons?
  • High Tunnels?
  • You MUST engage all winter

– Recipe of the week – Local partner of the week – Staying local in winter – Cooperative ordering – Farmer profiles

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Whitehousefruitfarm.com – year round

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Customer Focus

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Who are they?

  • Usual - ‘women 25-44’ & some boomers
  • Is this still true?
  • Are you noticing more men?
  • What are their preferences?

– Market day/time – With their children? – In a hurry?

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Why are the coming?

  • Pre-conceived concept of a market

– You MUST meet, exceed their expectations

  • Delightment

– Foodies – Be careful of carnival

  • They feel important

– A genuine welcome – Convenient parking – Thank you’s after sale

  • Beyond product
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Why are they staying? Returning?

  • Loyalty
  • You are reminding them!

– Clip board sign ups – Group.me app for texting – Social media – Business cards, etc. – Refrigerator magnets

  • Constant communication

– Build the brand

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Prices start @ $38/month

http://farmfanapp.com

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Other Options for Markets/Farmers

  • Worth the price!

– Know the challenges – Trial on whatever you try

  • Group Texting, Posting

– Group.me – Twitter, Facebook

  • Define your own rewards
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Site & Layout

  • Layout is NOT just for

farmers

  • Part of delightment
  • Keeps mind on purchasing
  • Where am I?
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Site & Layout

  • How do customers move?

– To the right! – Towards interests

  • What is the best spot?

– Are you charging more for it? – And…maybe less for worst one

  • You are agile!

– Try something different – You can always to back…

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Putting it all together

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Your Homework

  • Go beyond

competition

  • Analyze your own
  • peration
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  • Rome

wasn’t built in a day…

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Resources

  • Listed on the Farmers Market Coalition site
  • Other information from me:
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Thank you!

barrett.90@osu.edu follow our team blog u.osu.edu/directmarketing

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Questions?

farmersmarketcoalition.org pasafarming.org

Eric Barrett, Ohio State University

barrett.90@osu.edu | 330-533-5538 u.osu.edu/directmarketing

Brian Moyer, Penn State University

bfm3@psu.edu | 610-391-9840 www.facebook.com/PAfarmmarkets