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Marketing Theresa J. Nartea, Marketing & Agribusiness Extension Specialist Virginia Cooperative Extension, Virginia State University Box 9081, Petersburg, VA,  [email_address]  804-524-5491
FM Marketing Priorities ,[object Object],[object Object],[object Object]
Marketing Priority #1 Offer
What Do Customers Value? Focus on meeting customer needs for: Kotler, P., & Keller, K. L. (2009).  Marketing Management . Upper Saddle River:  New Jersey. Pearson Prentice Hall.
Convenience Quality & Delivery  Service Acceptable PRICE Get Right the First Time On Time How Customers are Treated Information, Care, Consideration Distance, Time, Remembering Ease of the Event Transaction Expanding Value Concept Brunt, D. & Kiff, J. (2010).  Creating lean dealers . Retrieved from http://www.leanuk.org/pages/research_sales_intro.htm
Value Strategy for Farmers Markets
Marketing Priority #2 Let’s Talk Food Values!
Food is a Common Value Demographic characteristics have little influence on people’s food values.  Food is of value to all people  independent of income, race, age, or education. Lusk, J. L., & Briggeman, B. C. (2009). Food values.  American  Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
Food Value in Order of Importance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Lusk, J. L., & Briggeman, B. C. (2009). Food values.  American  Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
safety The extent to which consumption of food will not cause illness Lusk, J. L., & Briggeman, B. C. (2009). Food values.  American  Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
Food Safety Cooking Classes ,[object Object],[object Object],[object Object],[object Object],Photo credit:  http://www.fcnp.com/images/stories/012/checvalenciagood.jpg
Food Safety Information http://www.foodsafety.gov
Food Safety from Farm to Plate
nutrition Amount and type of fat, protein, vitamins, and other nutrients contained in food Lusk, J. L., & Briggeman, B. C. (2009). Food values.  American  Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
Medical Related Diets Dairy-free Gluten-free Low Fat Low Sodium Soy Sugar Conscious Vegetarian Wheat-free
Losing Weight Health Magazine & Ladies Home Journal promoted  “ The Farmers Market Diet.” Introduce customers to diet and offer products related to the menu plan!
 
 
Medical Related Diets Dairy-free Gluten-free Low Fat Low Sodium Soy Sugar Conscious Vegetarian Wheat-free
Cosmetic Foods  anti-aging Healthy Hair http://www.webmd.com Dark Green Vegetables Beans Nuts Poultry Eggs Whole Grains Oysters Low Fat Dairy Carrots Glowing Skin http://www.webmd.com Low Fat Dairy Berries Plums Walnuts Flax Seed Olive Oil Whole Grains Turkey Nuts Photo Credit: http://en.sial.fr/ExposiumCms/cms_sites/SITE_508003/images508003/logo_food_beauty.jpg, http://www.nyofficelady.com/wp-content/uploads/2010/11/healthy-hair.jpg
Food Medicine:  Nutraceuticals Boosting  Immunity http://online.prevention.com/flu_immunity/list/1.shtml Yogurt Oats Barley Garlic Fish Chicken Tea Beef Sweet Potatoes Mushrooms Healthy Blood Pressure http://www.mypyramid.gov Sweet Potatoes White Potatoes Beans Tomatoes Beet Greens Soybeans Lima Beans Winter Squash Spinach
http://www.ars.usda.gov/ Search:  USDA Nutrient Database
taste The extent to which consumption of the food is appealing to the senses. Lusk, J. L., & Briggeman, B. C. (2009). Food values.  American  Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
http://www.eatwell.gov.uk/
 
price The money that is paid for the food Lusk, J. L., & Briggeman, B. C. (2009). Food values.  American  Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
A Farmers Market Value Menu? Photo Credit:  https://ae0afba34b-custmedia.vresp.com/0d96dd114a/Braintree%20FM%20Email%20art.jpg ,[object Object],[object Object],[object Object],[object Object]
Marketing Priority #3 Incorporate Trends
Timing is Everything! Reference:  Tsai, E. (2010). When to adopt social media for your company.  Retrieved from http://designdamage.com/blog/index.php/200909/when-to-adopt-social-media-for-your-business/ Innovators 2.5% Early Adopters 13.5% Early Minority 34% Late Minority 34% Laggards 16% Profit Opportunity Mass Market
Top Consumer Trends for 2011 Reference:  Trendwatching. (2010). 11 crucial trends for 2011. Retrieved from http://trendwatching.com/trends/pdf/trendwatching%202010-12%2011%20TRENDS%202011.pdf
Top Three Food Trends for 2011 Reference:  National Restaurant Association (2010).  Chefs survey:  What’s Hot in 2011. Retrieved from http://www.restaurant.org/pdfs/research/whats_hot_2011.pdf
Putting Trends Together Ranking #13  on Food Trends: Reduced Prices for Mini-Meals Half Portions Smaller Portions & Value Meals Ranking #3  on Food Trends: Sustainability of, relating to, or being a method of harvesting or using a resource so that the resource is not depleted or permanently damaged #1  Locally Sourced Meats & Seafood #2  Locally Grown Produce #10  Farm Branded Ingredients #12  Locally produced alcohol
Top Marketing Trends for 2011 References: Trendwatching. (2010). 11 crucial trends for 2011. Retrieved from http://trendwatching.com/trends/pdf/trendwatching%202010-12%2011%20TRENDS%202011.pdf  Wang, J. & Ohngren, K. (2010). 2010 10 and ½ trends to watch. Retrieved from http://www.entrepreneur.com/trends/index.html
Marketing Priorities Wrap Up ,[object Object],[object Object],[object Object]
Thank you & Questions Theresa J. Nartea, Marketing & Agribusiness Extension Specialist Virginia Cooperative Extension, Virginia State University Box 9081, Petersburg, VA,  [email_address]  804-524-5491

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Marketing priorities for farmers markets

  • 1. Marketing Theresa J. Nartea, Marketing & Agribusiness Extension Specialist Virginia Cooperative Extension, Virginia State University Box 9081, Petersburg, VA, [email_address] 804-524-5491
  • 2.
  • 4. What Do Customers Value? Focus on meeting customer needs for: Kotler, P., & Keller, K. L. (2009). Marketing Management . Upper Saddle River: New Jersey. Pearson Prentice Hall.
  • 5. Convenience Quality & Delivery Service Acceptable PRICE Get Right the First Time On Time How Customers are Treated Information, Care, Consideration Distance, Time, Remembering Ease of the Event Transaction Expanding Value Concept Brunt, D. & Kiff, J. (2010). Creating lean dealers . Retrieved from http://www.leanuk.org/pages/research_sales_intro.htm
  • 6. Value Strategy for Farmers Markets
  • 7. Marketing Priority #2 Let’s Talk Food Values!
  • 8. Food is a Common Value Demographic characteristics have little influence on people’s food values. Food is of value to all people independent of income, race, age, or education. Lusk, J. L., & Briggeman, B. C. (2009). Food values. American Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
  • 9.
  • 10. safety The extent to which consumption of food will not cause illness Lusk, J. L., & Briggeman, B. C. (2009). Food values. American Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
  • 11.
  • 12. Food Safety Information http://www.foodsafety.gov
  • 13. Food Safety from Farm to Plate
  • 14. nutrition Amount and type of fat, protein, vitamins, and other nutrients contained in food Lusk, J. L., & Briggeman, B. C. (2009). Food values. American Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
  • 15. Medical Related Diets Dairy-free Gluten-free Low Fat Low Sodium Soy Sugar Conscious Vegetarian Wheat-free
  • 16. Losing Weight Health Magazine & Ladies Home Journal promoted “ The Farmers Market Diet.” Introduce customers to diet and offer products related to the menu plan!
  • 17.  
  • 18.  
  • 19. Medical Related Diets Dairy-free Gluten-free Low Fat Low Sodium Soy Sugar Conscious Vegetarian Wheat-free
  • 20. Cosmetic Foods anti-aging Healthy Hair http://www.webmd.com Dark Green Vegetables Beans Nuts Poultry Eggs Whole Grains Oysters Low Fat Dairy Carrots Glowing Skin http://www.webmd.com Low Fat Dairy Berries Plums Walnuts Flax Seed Olive Oil Whole Grains Turkey Nuts Photo Credit: http://en.sial.fr/ExposiumCms/cms_sites/SITE_508003/images508003/logo_food_beauty.jpg, http://www.nyofficelady.com/wp-content/uploads/2010/11/healthy-hair.jpg
  • 21. Food Medicine: Nutraceuticals Boosting Immunity http://online.prevention.com/flu_immunity/list/1.shtml Yogurt Oats Barley Garlic Fish Chicken Tea Beef Sweet Potatoes Mushrooms Healthy Blood Pressure http://www.mypyramid.gov Sweet Potatoes White Potatoes Beans Tomatoes Beet Greens Soybeans Lima Beans Winter Squash Spinach
  • 22. http://www.ars.usda.gov/ Search: USDA Nutrient Database
  • 23. taste The extent to which consumption of the food is appealing to the senses. Lusk, J. L., & Briggeman, B. C. (2009). Food values. American Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
  • 25.  
  • 26. price The money that is paid for the food Lusk, J. L., & Briggeman, B. C. (2009). Food values. American Journal of Agricultural Economics, 91( 1), 184-196. doi:10.1111/j.1467-8276.2008.01175.x
  • 27.
  • 28. Marketing Priority #3 Incorporate Trends
  • 29. Timing is Everything! Reference: Tsai, E. (2010). When to adopt social media for your company. Retrieved from http://designdamage.com/blog/index.php/200909/when-to-adopt-social-media-for-your-business/ Innovators 2.5% Early Adopters 13.5% Early Minority 34% Late Minority 34% Laggards 16% Profit Opportunity Mass Market
  • 30. Top Consumer Trends for 2011 Reference: Trendwatching. (2010). 11 crucial trends for 2011. Retrieved from http://trendwatching.com/trends/pdf/trendwatching%202010-12%2011%20TRENDS%202011.pdf
  • 31. Top Three Food Trends for 2011 Reference: National Restaurant Association (2010). Chefs survey: What’s Hot in 2011. Retrieved from http://www.restaurant.org/pdfs/research/whats_hot_2011.pdf
  • 32. Putting Trends Together Ranking #13 on Food Trends: Reduced Prices for Mini-Meals Half Portions Smaller Portions & Value Meals Ranking #3 on Food Trends: Sustainability of, relating to, or being a method of harvesting or using a resource so that the resource is not depleted or permanently damaged #1 Locally Sourced Meats & Seafood #2 Locally Grown Produce #10 Farm Branded Ingredients #12 Locally produced alcohol
  • 33. Top Marketing Trends for 2011 References: Trendwatching. (2010). 11 crucial trends for 2011. Retrieved from http://trendwatching.com/trends/pdf/trendwatching%202010-12%2011%20TRENDS%202011.pdf Wang, J. & Ohngren, K. (2010). 2010 10 and ½ trends to watch. Retrieved from http://www.entrepreneur.com/trends/index.html
  • 34.
  • 35. Thank you & Questions Theresa J. Nartea, Marketing & Agribusiness Extension Specialist Virginia Cooperative Extension, Virginia State University Box 9081, Petersburg, VA, [email_address] 804-524-5491