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Grace Harbor Farms Business Insights

Dec 10, 2024

Grace Harbor Farms Lecture Notes

Introduction

  • Presenters: Max and Amelia
  • Location: Grace Harbor Farms
  • Products: Goat milk, dairy products, soap, lotion, skincare products
  • Availability: Products available in over 100 stores nationwide

History

  • Founders: Tim and Grace Lukens
  • Start Year: 1999
  • Initial Resources: Two goats
  • Initial Product: Soap
  • Challenges: Experienced bankruptcy but recovered

Initial Business Challenges

  • Budget: Started without a budget or plan
  • Sales Strategy: Began selling at malls and farmer's markets
  • Revenue: Made sufficient sales to cover expensive kiosk rents

Product Development

  • Initial Products: Soap and lotion
  • Market Demand: Increase in demand led to product line expansion
  • Key Products: Yogurt became a major product

Business Growth

  • Dairy Operations: Operates a grade A dairy farm
  • Supplier Relationships: Sources milk from two other farms
  • Infrastructure: Mini grade A goat dairy explained (milk parlor, milk house, and temperature requirements)

Product Line and Manufacturing

  • Skincare: Developed by Grace; products include lotions and creams
  • Outsourcing: Bar soap production outsourced due to safety concerns
  • In-House Production: Most products made and bottled on-site

Marketing and Sales

  • Storytelling: Importance of sharing the origin story with customers
  • Sales Channels:
    • Skincare sold primarily online
    • Food products sold through retail partners
    • Expanded to selling on Amazon (noting challenges with compliance claims)

Current Challenges and Future Plans

  • Marketing Strategy: New social media efforts; storytelling through newsletters and videos
  • Market Expansion: Plans to grow online presence and explore new sales funnels

Conclusion

  • Ongoing Series: This lecture is part one of a two-part series
  • Engagement: Encouragement to ask questions and provide feedback

Additional Suggestions

  • How to share your farmโ€™s story effectively
  • Platform use for sales (e.g., Amazon, own website)
  • Invitation to audience to share their experiences and strategies