Professional Documents
Culture Documents
MASTERMIND
GROUP
Pricing
/
Expiry
Dates
/
Target
Audience
Class
Updates
• Contact
local
Roasters
• Get
local
price
list
• Learning
coffee
lingo
• Testing
with
store
bought
coffee
• FB
Group
• Coffeefest.com
Dates:
Chicago
June
5-‐7
• Walk
through
at
CoffeeFest
Buying
Retail
Coffee
Instore
Online
• Walmart
walmart.com
• Walgreens
target.com
• Target
• Publix
• Kroger
• Costco
• BJs
• Sams
Club
Pricing
and
MSRP
• Buy
Price-‐
between
$3-‐$9
• Sale
price-‐
3
or
more
times
buy
price
not
less
than
$14.99
• Profit
Margins-‐
as
low
a
$3-‐4
on
fast
selling
items
• For
low
priced
singles
multipack
INSTEAD
• When
scanning
look
for
multipack
listings
Example-‐
Multipack
Best
Buy/Expiry
Date
• Most
retail
coffee
is
good
for
1
year
sometimes
more
• Biodegradable
kcups
are
good
for
6
months
•
Most
coffee
are
vacuumed
packed
to
preserve
freshness
right
after
roasting
or
grinding
• One
way
valve
preserve
freshness
• Re-‐sealable
bags
are
attractive/desirable
• Local
roasters
shelf
life
6
months
• Test
quantities
first
before
adding
a
lot
of
inventory.
One
way
Valve
for
Freshness
Knowing
when
to
lower
prices
• Increased
Competition
• Lowered
prices
• Comfort
date/expiry
date
approaches
• Customer
feedback/reviews
• Sales
slows
to
a
halt
Best
Before
Dates
Best
Before
Dates
(Critical
Notes)
• Country
of
Origin
will
determine
date
format
• Eg.
UK
Day/Month/Year
• If
you
are
ordering
Coffee
from
outside
the
US
its
key
to
have
the
manufacturer
correct
the
date
format
for
the
US
Market
• US
Format
:
Month
/
Day
/
Year