Riding the Roller Coaster Lessons in Business, Branding and Life. The Jones Soda experience NEDP Conference November 27, 2012 NEDP 2012 Entrepreneur……“a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.” Dictionary.com NEDP 2012 “Everyone thinks of changing the world, but no one thinks of changing themselves”. Leo Tolstoy NEDP 2012 The most important factor in creating change is understanding the future! Not reacting to the present. NEDP 2012 Personal ownership creates the connection for change. This ownership is key in creating an emotional connection ! NEDP 2012 The future for a successful enterprise is… Creating an Emotional connection with your stakeholders NEDP 2012 An Emotional Connection is • Creating a relationship • Relationships are real and meaningful • People get excited about relationships • Building a relationship takes time NEDP 2012 JONES SODA • Launched in 1996 “The world doesn’t need another Soda Company” • Traditional and fun flavors/names • High Quality Flavors • Customized Branding Technology. Photos on labels are constantly changing and are sent in by consumers • 2007 the companies market capitalization is $1 billion NEDP 2012 Our Brand JONES SODA • 21 Flavors: Cream Soda Root Beer Orange & Cream Cherry Strawberry Lime Grape Vanilla Cola Green Apple Blue Bubble Gum Lemon Drop Crushed Melon Berry Lemonade Fruit Punch Fufu Berry NEDP 2012 Business Principles • Listening… from customers perspective • Communicating without judging • Acknowledging what is being said NEDP 2012 Marketing Principles • Is there Style • Is there Substance • Does it create an Advocate • Is there something to Talk About • Does it keep us Real NEDP 2012 Branding Principles • • • • • Ground the Brand Be real Be consistent Be unpredictable Give something back NEDP 2012 Brand from within NEDP 2012 MISSION STATEMENT “To create an incredible brand that has an emotional connection with the consumer in a positive, fun way” Win on product experience, not the end result… NEDP 2012 Create an advocate, not a customer…. NEDP 2012 Jones - The Brand Using Technology to enhance the emotional connection. • Consumers send us their photos and quotes • Thus providing a complete data base • Our web site supports surveys, contests and opinion polls • Visitors can upload their photo submissions for labels • Send electronic greeting cards with their own pictures • Many, many visitors want their own personalized Jones and are willing to pay for it! NEDP 2012 Own a share of the culture vs. share of voice… NEDP 2012 NEDP 2012 Paid Media vs. Earned Media NEDP 2012 Jones Holiday Pack -2004 NEDP 2012 Treat packaging design as Media…. NEDP 2012 - Business is an agent of change so make it positive…. NEDP 2012 Girl Child Education Project Bajju-Urmul, India So what happened NEDP 2012 Belief Brands don’t out source their vision…. NEDP 2012 NEDP 2012 I believe that the most important factor in dealing with change is understanding the future! Not reacting to the present. NEDP 2012 NEDP 2012 The Online Grocery Market $25 B *Groceries and General Merchandise sales account for $1.7 trillion annually NEDP 2012 NEDP 2012 • Annual US grocery market currently $563 billion USD * • Online grocery market still in its infancy, with less than a 2% penetration rate ** • US online grocery market currently $13 billion USD * • Online grocery market forecasted to grow to $25 billion by 2014 * • Sales of organic products in the US on pace to double between 2006 and 2015 • SPUD has operations in 6 markets serving a population of 32 million * Nielsen ** Forrester Research NEDP 2012 NEDP 2012 VEHICLES NEDP 2012 NEDP 2012 DRIVER UNIFORMS NEDP 2012 - Female - 50% have a family - Educated - Higher than average household income - Health conscious - Short on time - Average age 30-55 NEDP 2012 Food Is… • • • • • • • • • • • • Universal Nourishing Health Local Educational Cultural Trends Connects people Crosses generations Shared Passion Individual • Social NEDP 2012 NEDP 2012 For SPUD to achieve its stated goal to become the industry leader in connecting people with healthy food, we need to innovate our marketing approach based on a strategy that generates a conversation around real food. NEDP 2012 NEDP 2012 Brand Evolution Since 2010 NEDP 2012 NEDP 2012 NEDP 2012 NEDP 2012 NEDP 2012 NEDP 2012 2012 SPUD Market Growth Market 2012 growth Vancouver 24 % Victoria 19 % Calgary 38 % Seattle Flat San Francisco 17 % Los Angeles 21 % NEDP 2012 NEDP 2012 Business Principles • Listening… from customers perspective • Communicating without judging • Acknowledging what is being said NEDP 2012 Marketing Principles • Is there Style • Is there Substance • Does it create an Advocate • Is there something to Talk About • Does it keep us Real NEDP 2012 Branding Principles • • • • • Ground the Brand Be real Be consistent Be unpredictable Give something back NEDP 2012 “True life is lived when tiny changes occur.” Leo Tolstoy NEDP 2012 Thank You NEDP 2012