What It Really Takes To Build a Food Business: Part 2
Oct 25, 2024
37:04
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Join Becca Millstein, co-founder of Fishwife, known for making tinned fish trendy; Brian Rudolph, CEO of Banza, a leader in chickpea pasta; and Caue Suplicy, founder of Barnana, who imports Brazilian dried bananas. They share their journeys in building disruptive food brands. Discover their insights on overcoming founder conflicts, innovative marketing strategies, and the importance of consumer engagement. The trio dives into redefining success through sustainability and creating memorable customer experiences, all while promoting ethical sourcing.
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Quick takeaways
Captivating packaging and influencer outreach are essential strategies for attracting customers and generating excitement around new food products.
Establishing a strong brand narrative and addressing sustainability issues fosters a deeper connection with consumers and enhances market appeal.
Deep dives
Leveraging Packaging and Influencers
The use of compelling packaging and influencer outreach plays a crucial role in attracting customers to new food products. Becca from Fish Wife emphasized that captivating packaging, especially on social media, can incite curiosity and excitement about canned fish. By reaching out directly to a range of food influencers, she created buzz and encouraged them to try her products, often without monetary compensation. This grassroots approach allowed her to understand market demand and establish an initial connection with potential customers.
Distribution and Retail Strategy
For Brian's brand, Bonza, effective product placement in retail proved essential for attracting customers. He aimed to avoid being restricted to the gluten-free section and instead sought mainstream pasta aisles, which were vital for visibility. Key strategies included securing prime shelf space, such as end caps, which significantly increased trial and repeat purchases. By focusing on appealing packaging and avoiding traditional categories, Bonza successfully expanded its consumer base.
Building a Unique Brand Story
Cowie of Barnana highlights the importance of a compelling brand narrative when introducing unique products like dried bananas. He utilized vibrant and tropical packaging to capture consumer interest, combating any preconceived notions about the product's appearance. Sampling events and storytelling about their sourcing practices not only showcased the product but also drew in customers by addressing food waste issues. By aligning the product’s story with sustainable practices, Cowie fostered a connection with consumers who valued social and environmental responsibility.
Navigating Challenges and Expanding Offerings
The entrepreneurs shared insights on overcoming various challenges in their business journeys, particularly regarding production and market competition. Becca learned the significance of supply chain redundancy after facing delays with a cannery partner, prompting her to secure additional production options. Each founder reinforced the idea of maintaining focus on their core products while cautiously considering expansions that align with their brand missions. They also acknowledged the need for resilience in the face of competition, emphasizing robust marketing and customer relationship efforts to cultivate loyalty.
This is part two of our special series on building food businesses presented by Klaviyo. If you haven't heard part one from last week, go back and check it out.
In that episode, three founders of three different food brands – Becca Millstein from Fishwife, Brian Rudolph from Banza, and Caue Suplicy from Barnana – shared how they got their start.
Today, you’ll find out how these founders have grown their brands into category-defining businesses. You’ll hear about some challenging moments – and also strategic advice if you’re building your own business.
This episode was produced by Alex Cheng with music by Ramtin Arablouei. It was edited by John Isabella. Our audio engineer was James Willetts.
Our thanks to Klaviyo for sponsoring today’s episode.
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