Branding HEMP 101: Prerequesites – Hemprenuers, Raw Foodies, Online Marketers, Hemp Activisits, Vegan Lovers…
There is little doubt that private brands are at the heat of marketing and business
strategy. Strong brands can make companies win in today’s highly competitive marketplace.
Google “hemp” and you’ll quickly find out this super plant that can produce 30,000 different products. Hemp activists are extremely knowledgeable about the history and benefits of hemp, and are very passionate about the movement to make it legal to grow it in the country.
Hemp is a sustainable resource and an eco-solution to many of our issues. Vegetarians and health conscious people love the nutritional value of hemp seeds, and others are fascinated by the story and the truth about hemp. There is a lot of options of hemp products or foods.
Retailers have extended the concept of private label to identify a brand with a store, a concept known as the store brand. This can be a far more profitable business than selling nationally advertised brands. A Food Marketing Institute study in the U.S. found that retailers earn a 35 percent gross margin on store-branded products compared to 25.9 percent on comparable nationally advertised brands.
Another use of private labeled products that has seen good growth is by small companies, raw foodies, sustainable buyer’s clubs, online shopping carts, personal brands too!
Private label brands are those offered by retailers, all to the above just mentioned. There are various advantages for the retailers to go for private label brands.
The advantages include:
Control over pricing of the product/services
Put forth own ideas on marketing plans
Create personalized image which in turn leads to higher customer loyalty
Higher control on production, marketing, distribution and profits
Give their own inputs, additional materials, logos, tag lines, etc.
Customer’s changing preference – drive towards private label products.
These points provide an edge over the other brands. Private label brands are available in a broad range of varieties from food to cosmetics. These brands help create a personalized and unique brand for retailers. Retailers with pretty good private label brands will be able to create better sales opportunities for themselves. They can build value and recognition from the customers. Private brand products allow retailers to differentiate their products from competitors’ products, and provide consumers with an alternative to other brands.
You asked! We bag it, We brand it, We help YOU brand your own private label that is already done, or WE create your BRAND with one main ingredient: Bulk Hemp.
Contact us today for more opportunities to Hemp Out your dreams of becoming a Hemprenuer!!