This purpose of this presentation is to demonstrate low cost ways for farmers to create attractive farmers market displays. Brief discussion on pricing strategies.
1. Theresa J. Nartea Marketing & Agribusiness Extension Specialist Virginia State University Virginia Cooperative Extension Graphic Credit: http://www.psdgraphics.com/wp-content/uploads/2009/03/green-blank-blackboard.jpg Creating Eye-Catching Market Displays & Pricing Strategies
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5. Photo Credit: http://farm4.static.flickr.com/3147/2761690170_182b17bcf2.jpg Search: EZ Up Tent Your Farm Banner
17. Photo Credit: http://houndstoothgourmet.com/wp-content/uploads/2009/04/market-signs-collage-500.jpg Photo Credit: http://adventuresinshaw.files.wordpress.com/2008/05/welcome-sign.jpg Chalkboard Signage is preferred over white board in local food marketing trends.
43. Trial and Error Pricing Too Low You run out of product before customers, no complaints; Too High Lots of lookers, and lots of complaints.
44. “ Cheap Food” is not You Focus on Freshness, Picked at Peak, Flavor, Quality, Customer Service. Customers choose produce based on QUALITY, then PRICE. Lowest Price ~ Low Quality Higher Price ~ High Quality
45. Price in Odd Cents Increments (49¢, 99¢, $1.79) means discount, or economy sale.
46. Price in Five Cents Increments (25¢, 50¢, 75¢, $1.00) means high quality, and premium value.
47. Volume Reduction ($8 per peck; or $4.50 per half peck) encourages buying larger sizes.
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49. Dual Pricing First Quality-$1.99 per pound Second Quality $1.50 per quart
50. Bundle Packages Stop Light Peppers $6.99 each or $4.66 per pound
51. Thank You & Questions Theresa J. Nartea Marketing & Agribusiness Extension Specialist Virginia State University Virginia Cooperative Extension [email_address]