Kermit Highfield Louisville KY ideas to Increase Profitability in a Popcorn Business
Louisville KY - Popcorn business is a convenient option for a start-up but the downside to popcorn being a favorite snack is a tough competition. For anyone who wants to introduce their popcorn brand to the market, acquiring a customer-base is a major challenge. Kermit Highfield (Louisville KY) informed me that there are some strategies that may help a local business.
· Create Snack Recipes
Partnering with a local business can go a long way especially if the said business is a restaurant. Many snack joints and even big restaurants have an appetizer menu. You could benefit by offering them a popcorn-based snack. This would add a twist to your regular product and give you an edge over your competition. Getting creative with mixing some ingredients and seasonings together with popcorn is the key.
· Promotional Events
Popcorn is a cheap snack which, if marketed right, can give you a huge profit margin. So, it does not hurt to go a little out of your way and offer some promotional snacks. It could be a small cup of different popcorn flavors at a school event, church or local fair. Once customers see a promising snack, they are likely to stick with it. It might also bring potential partners to supply your product to.
Fundraisers
Another way to reach customers is to give back to the community during charity events and fundraisers. This is especially beneficial for local businesses. Every town holds such events which are attended by many. A few free assortments of your favorite popcorn recipes and popcorn processing in these events would go miles in promoting your product.
Conclusion
According to Kermit Highfield Louisville KY, creativity is the key to making profits in every business and a popcorn business is no different in this respect.
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