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January 25, 2011

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Marketing

Bord Bia Small Business Seminar – Marketing Supports for Irish SMEs

Given by Eileen Bentley of Bord Bia

Vantage

this is the Bord Bia marketing service.

  • Vantage Point – website with resources and discussions – www.bordbiavantage.ie
  • Vantage Partner – a 12 month business development program
  • Vantage Promote – consumer research

2011 Outlook

Overall the SME food sector is positive on the outlook. Biggest challenges from the sector:

  • Avoiding margin pressure from retailers
  • Meeting changing consumer needs
  • Reducing production and distribution costs
  • Investing in new brands

Cost Reduction

The Vantage Partner programme works with client companies over 12 months to develop a vision for the business (working with experts) and outputs include both business and marketing plans which are operationally usable and realistic and have been tested against the market.

Distribution challenges

Vantage Distribution Clinics 2011. These work as follows:

Initial meeting with Bord Bia and a distribution expert. This leads to BB and the expert developing a distribution plan for you. First of these clinics happens in April 2011.

New Product Development

Assistance with this time consuming area.

Access to latest Market Research – both general and sector specific

(as an aside I have used the Bord Bia research a couple of times and it is a really strong resource. However the Bord Bia website(s) are antiquated – their content management is lousy. Just so you know – find a real person in there and speak to them)

Foresight4food

access to low cost consumer innovation. This involves your new food product samples being presented to consumer panels with structured feedback. Apparently client feedback on this service is really strong.

Brand Expertise – Brand Forum

By joining this producers get access to 4 workshops a year, share peer knowledge with each other, 5 bigger events and access to mentoring in a variety of brand related marketing areas.

Eileen mentioned a couple of things to finish off:

  • The overseas offices and direct access to marketing graduates in a new programme to be launched in the next month or two who will be available to assist client companies with new brands/projects in those marketplaces.
  • 7th February 2012 was given as a date for the next MarketPlace event – bring Irish suppliers together with National buyers from retailers.
  • There is a pilot project in the South East – a roadshow which will showcase local producers for local procurers – making trade buyers aware of the suppliers around them – did not get much more detail that than.

Marketing Assistance Grants 2011

CLOSING DATE 28th FEB 2011. 60% of marketing spend for branding, quality standards, trade shows – whatever . For companies with turnover between 100k and 3.5M

Keith