The document discusses marketing priorities for farmers markets. It identifies the top three priorities as:
1) Offering what customers value such as convenience, quality, and good service.
2) Focusing on common food values like safety, nutrition, taste, price and sustainability.
3) Incorporating current trends related to smaller portions, locally-sourced foods, and social media marketing.
The overall recommendation is to target consumer values related to food and apply relevant market trends.
1. Marketing Theresa J. Nartea, Marketing & Agribusiness Extension Specialist Virginia Cooperative Extension, Virginia State University Box 9081, Petersburg, VA, [email_address] 804-524-5491
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
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
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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
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!
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19. Medical Related Diets Dairy-free Gluten-free Low Fat Low Sodium Soy Sugar Conscious Vegetarian Wheat-free
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
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
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
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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