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Solana Gold Organics
Why Organic Private Label?
With annual sales nearing $20 billion, retailers
with a vision for entering the organics market want a brand of their own.
Store brand organics is a fact that must be addressed,
in todays marketplace, when you consider the following:
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The average consumer of organic foods is educated, affluent and well
traveled (an adequate description many of those who purchase private
label products.)
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Sales of organic food products have expanded at a rate of about 20
percent annually over the past several years.
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Sales of organic food products are expected to reach $20 billion
by 2005.
Though still only a small percent of total U.S.
food sales, the market growth of this category has prompted a handful
of forward-thinking retailers and wholesalers to introduce the industry's
first private label organics.
Create Customer Loyalty through Branding
As a growing number of consumers, concerned over
pesticides and chemicals in their food, begin searching the aisles for
organic alternatives, industry insiders think it's likely they'll reach
for that familiar store brand rather than an unknown national brand. According
to a recent study, 81 percent of organic food buyers couldn't name a single
organic food "brand." But, it's guaranteed that every shopper
in your store(s) will be familiar with your store brand!
Looking for a single entity that can supply all
of their organic product needs, rather than looking for the best manufacturers
of individual products, is the biggest mistake a private label buyer can
make. Consumers of organic products are very knowledgeable, and they're
willing to pay the higher prices, but they expect higher quality in return.
They certainly don't want to feel they're getting ripped off.
Collaboration: Success for the Manufacturer and
Retailer
To create a win-win situation, there is an opportunity
for the manufacturer and retailer to collaborate. In an effort to help
jumpstart sales, the manufacturer may offer a special entry-pricing program.
Later, as the product begins to be established, the manufacturer may offer
an 'accrual' program. The 'accrual program', based on quantity of product
sold each year, enables the retailer to build up credit that will be applied
to annual sales specials.
Isolating Your Branded Organics is a Remedy for
Failure
Proper product placement is important. There is
the assumption that people who buy organic aren't just part organic, they're
totally organic. So, the question is, "Why should they have to go
all over the store to find the stuff they want when it could be all in
one place?" But what about the potential organic food buyer? Separate
departments are too easy to avoid, to walk right past. By integrating
organic foods with their non-organic counterparts, you allow consumers
to make a buying decision with all of the alternatives in front of them.
If you put the organic alternative in another part of the store, consumers
can't compare ingredients, nutritional values.
Create a 'New Look' for your Branded Organics
You don't want your product in a dark corner of
the store. You want your product to be visible when it is sitting next
to the other products. As a result, we recommend creating a new brand
or sub-brand for private label organics. You definitely want a different
look for store brand organics. You don't want the same old label with
just the word organic on it because it'll get lost. You need a different
look so there's no confusion between regular and organic private label.
©Copyright 2001 - Solana Gold Organics - All
rights reserved.
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