Sustainability Project Matthew G. Siedlecki Class Presentation 5.24.2007 Prairie Ecosystems: Lessons of Sustainability Past, Present, and Future Instructor: Justin Borevitz Assistant: Geoff Morris Why build a business to encourage sustainability? • “Green washing” and ineffective labeling standards hurt the credibility of green products with the consumer? • Increase the visibility and availability of environmentally friendly products • Education Outline • Market Analysis • Merchandising • Funding Requirements Market Analysis • • • • Market Size Customer Profile Competitors Strategic Implications How big is the market for garden products? U.S. retail sales of gardening products 2003 Prices, Source: Global Market Information Database 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 1998 2000 2002 2004 Sales in millions 2006 2008 Who are our customers? Gardening By Age Source: Mintel/Simmons NCS 25 20 15 10 5 0 18-24 25-34 35-44 45-54 55-64 Gardened in the last 12 months 65+ Gardening By Sex Source: Mintel/Simmons NCS 70 60 50 40 30 20 10 0 Male Female Percentage gardeners by sex Demographic Changes: Median Age of Women Source: Global Market Information Database 40 35 30 25 20 15 10 5 0 Median Age of U.S. Women Gardening By Income Source: Mintel/Simmons NCS 45 40 35 30 25 20 15 10 5 0 Under $25K $25K-49.9K $50K-74.9K Household Income $75K+ Gardening By Race Source: Mintel/Simmons NCS 100 90 80 70 60 50 40 30 20 10 0 White Black Asian Gardened in last 12 months Hispanic Typical Gardener Is: • • • • White Female 2-4 Member Household High Household Income Purchasing Green Products By Age “How often do you buy green products?” Adults with Internet Access, Source: Greenfield Online/Mintel 80 70 60 50 Regularly Sometimes Never 40 30 20 10 0 All 18-24 25-34 35-44 45-54 55-64 65+ Purchasing Green Products By Race “How often do you buy green products?” Adults with Internet Access, Source: Greenfield Online/Mintel 70 60 50 40 Regularly Sometimes Never 30 20 10 0 All White Black Asian Hispanic Purchasing Green Products By Income “How often do you buy green products?” Adults with Internet Access, Source: Greenfield Online/Mintel 70 60 50 40 Regularly Sometimes Never 30 20 10 0 All < $25K $25K- $50K- $75K> 49.9K 74.9K 99.9K $100K Who are our competitors? Distribution Channels 60 50 40 2000 2002 30 20 10 0 Home centers Mass merchandiser Garden centers Hardware stores Supermarket or drug store Seed store Mail order Strategic Implications • There is a large, established market for garden products and growing awareness for environmentally friendly products • Serve a niche market for gardening products • Cater to the needs of middle-aged women – Store location and design – Product availability – Service Merchandising What are we going to sell? Why do these products help the environment? Product Overview • • • • Fertilizers Seeds Lawn/Garden Tools Educational Information Fertilizers • • • • Soil Fertility Dangers to animals and children Fossil fuels Packaging TerraCycle terracycle.net • Garden Fertilizer Concentrate • Lawn Fertilizer Concentrate • Tomato Plant Food • All Purpose Plant Food • Potting Mix • Seed Starter About TerraCycle Products • Made from organic materials headed to the landfill • Processed by worms • Packaged in reused pop bottles – Pay groups to collect used bottles Native Plant Seeds • Habitat • Less-intensive • More durable Native Plants - Full Sun Source: Chicago Wilderness, chicagowilderness.org • • • • • • • • • • • • • • • • • • • • • Big Bluestem Little Bluestem Marsh Milkweed Smooth Blue Aster New England Aster Side-Oats Grama New Jersey Tea Prairie Coreopsis (pictured) Pale Purple Coneflower Wild Bergamot Switch Grass Wild Quinine Purple Prairie Clover Shrubby Cinquefoil Yellow (Gray-headed) Coneflower Compass Plant Showy Goldenrod Indiangrass Prairie Dropseed Spiderwort Ironweed Native Plants - Partial Sun Source: Chicago Wilderness, chicagowilderness.org • • • • • • • • • • • • • • • • • • Nodding Wild Onion Wild Columbine Short's Aster Tall Bellflower (pictured) Purple-Sheathed Graceful Sedge (Midland) Shooting Star Sweet Joe Pyeweed Wild Geranium Alumroot Sweet (Vanilla) Grass Kalm's St. Johns Wort Bottlebrush Grass Blue Flag Iris Cardinal Flower Great Blue Lobelia Foxglove Beardtongue Jacob's Ladder Heartleaf Golden Alexander Native Plants - Shady Source: Chicago Wilderness, chicagowilderness.org • • • • • • • • • • • • • • • • • Maidenhair Fern Jack-in-the-Pulpit Side-Flowering Aster Lady Fern Black Cohosh Virgin's Bower Marginal Shield Fern (Leatherwood) Virginia Waterleaf Virginia Bluebells Cinnamon Fern (pictured) Blue Phlox May Apple Blood Root False Solomons Seal Elm-leaved Goldenrod Great White Trillium Prairie Trillium Hand Powered Lawnmower • • • • Pollution Hassles Exercise Easy to use Other Lawn Tools • • • • Composters Wheelbarrows Carts Shovels/Rakes