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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 farmโs story effectively
Platform use for sales (e.g., Amazon, own website)
Invitation to audience to share their experiences and strategies
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Full transcript