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Pete Russell

๐Ÿ‘ค Speaker
524 total appearances

Appearances Over Time

Podcast Appearances

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

But they value, they just have more understanding of what goes into their food and how important it is for their health.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

to get the message out because the price points that we just mentioned 20 pounds for a box of vegetables last two people a week is yeah is that i mean in a cost of living crisis that seems to be a good deal exactly i mean if you i think i always talk about there's three main pillars to gaining market share that's price convenience and awareness and up until recently

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

food bought direct from farms or at the farmers markets and so on was sort of perceived as a premium thing you know premium prices inconvenient you have to get up and get to the farmers market but because you really were aligned with the values people went out of their way to do it but that was a that was a small niche today especially with inflation and food inflation in particular

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Farm produced, delivered to your door food is very price competitive, especially for the value, for the quality you get.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

A lot of times it's actually lower costs than you would pay for in the supermarket.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Convenience is on your doorstep.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

So now we've hit the convenience parity.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

We've hit pricing parity.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

The only missing thing is awareness.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Most people just do not know that that option is available to them.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Well, that's why we're talking now.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

That's why we're talking now.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Hopefully it will increase awareness.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

to increase the awareness because they don't have the marketing budget.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Most of these farms know how to get their first hundred customers because they go to their local school and they say, can you put it in the newsletter?

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

They'll put pin boards up on the local shop bulletin board.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

They might do some letterbox drops.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

Then they'll get a hundred customers and now they're too busy to go and find the next hundred customers or they don't know how to reach that next hundred.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

They're not social media experts or anything like that.

James Reed: all about business
62. How to stack revenue: The 3 levers that grow any food local business | Pete Russell

So there's this sort of threshold that is the challenge, is the awareness only gets so far before it abates.