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Graphic Credit: http://www.psdgraphics.com/wp-content/uploads/2009/03/green- blank-blackboard.jpg Creating Eye- Catching Market Displays & Pricing Strategies Theresa J. Nartea Marketing & Agribusiness Extension Specialist Virginia State University Virginia Cooperative Extension

Farmers market display and pricing

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This purpose of this presentation is to demonstrate low cost ways for farmers to create attractive farmers market displays. Brief discussion on pricing strategies.

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Page 1: Farmers market display and pricing

Graphic Credit: http://www.psdgraphics.com/wp-content/uploads/2009/03/green-blank-blackboard.jpg

Creating Eye-Catching Market Displays

&Pricing Strategies

Theresa J. NarteaMarketing & Agribusiness Extension SpecialistVirginia State UniversityVirginia Cooperative Extension

Page 2: Farmers market display and pricing

Photo Credit: http://www.glavina.com/gfx/portfolio/signs/signs_plywood_market.jpg

• Customers

• Profits

• Enjoyment

AttractiveMarket Display Increases Your:

Page 3: Farmers market display and pricing

Effective Display Checklist: Shelter Flow Signage Packaging The 3 Dimensions Color & Abundance

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Shelter*Weather Protection*Welcoming*Easy to I.D.

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Photo Credit: http://farm4.static.flickr.com/3147/2761690170_182b17bcf2.jpg Search: EZ Up Tent

Your Farm Banner

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Flow* Put Bags at Start* Register at End* Face Customers

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Signage* Read from 3-5’ away

* Education & Price

* Secure & Durable

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Photo Credit: ttp://www.specialtyproduce.com/blog/wp-content/uploads/2009/04/organic-broccoli-sign1-1024x624.jpg

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Photo Credit: http://farm1.static.flickr.com/226/515242885_2c780f0006.jpg?v=0

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Photo Credit: http://www.helloseattle.com/media/articles/large/384_image3_large.jpg

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Photo Credit: http://www.treehugger.com/farmers-market-sign.jpg

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Chalkboard Signage is preferred over white board in local food marketing trends.

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Packaging* Open Stock

* Pre-Pack (Weighed & Priced)

* Bundles (Salsa, Soup, Stir Fry)

Page 20: Farmers market display and pricing

Photo Credit: http://www.ecosalon.com/wp-content/uploads/2009/01/farmers-market-bell-peppers.jpg

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Three Dimension Display

* Think Levels

* Shop from the Hip

* 3’ Reach Comfort

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Customers shop from the Hip Up

Add Interest with Different Levels

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Photo Credit: http://static.open.salon.com/files/farmers_market_71249994358.jpg

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Color Basics* Mood Enhancing

* Mix Colors

* Yellow in front

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Sense of Abundance* Use Baskets, Vary Sizes

* Keep Full Looking

* Re-Stock & Re-Arrange

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Photo Credit: http://www.blogcdn.com/www.slashfood.com/media/2009/09/farmers-market-425mb091609.jpg

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• Look Involved

• Keep Stand Tidy

• Be Friendly

• Know Products

• Give Recipes

• Smile

You are on Display!

Photo Credit: http://www.buylocalfood.com/Newsletter/2008/May08News/FarmersMarket2.jpg

Page 41: Farmers market display and pricing

Your Display Matters!

* Everyone Can Shine

* Increase Product Value

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Pricing Strategies

Page 43: Farmers market display and pricing

Trial and Error Pricing

Too Low

You run out of product before customers, no

complaints;

Too High

Lots of lookers, and lots of

complaints.

Page 44: Farmers market display and pricing

“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

Page 45: Farmers market display and pricing

Price in Odd Cents Increments

(49¢, 99¢, $1.79) means discount, or economy sale.

Page 46: Farmers market display and pricing

Price in Five Cents Increments

(25¢, 50¢, 75¢, $1.00) means high quality, and

premium value.

Page 47: Farmers market display and pricing

Volume Reduction($8 per peck; or $4.50

per half peck) encourages buying

larger sizes.

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Price Units to Fit the Need

BIG (for large family events) MEDIUM (for couples)

SMALL (for individuals)

$5.00 per dozen

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Dual PricingFirst Quality-

$1.99 per pound

Second Quality$1.50 per quart

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Bundle Packages Stop Light Peppers

$6.99 each or$4.66 per pound

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Thank You & Questions

Theresa J. NarteaMarketing & Agribusiness Extension SpecialistVirginia State UniversityVirginia Cooperative [email protected]