This is a guest post from Maria Stopnikova who is currently doing a marketing placement with Lucidity London, a small, independent marketing consultancy which works with a
range of national and international clients, providing research, indepth
analysis, developing marketing materials and advising on strategy. Maria is studying BSc Management with Marketing (Year in Business) and has written below about her experience of working in the luxury food industry.
range of national and international clients, providing research, indepth
analysis, developing marketing materials and advising on strategy. Maria is studying BSc Management with Marketing (Year in Business) and has written below about her experience of working in the luxury food industry.
Working in a food industry (Marketing sector)
Apparently, many UK students, as well as any other
individuals living here might have had a working experience in a food sector by
the age of 16-25. Food network on campuses and in neighbouring towns is so
well-developed that possibly every fourth student have worked as a Starbucks
barista or food hall assistant.
individuals living here might have had a working experience in a food sector by
the age of 16-25. Food network on campuses and in neighbouring towns is so
well-developed that possibly every fourth student have worked as a Starbucks
barista or food hall assistant.
But here I will give you a few short points from my YIB
experience about what are the insights of being involved in a food industry as
a marketer.
experience about what are the insights of being involved in a food industry as
a marketer.
Some types of food are not easily sold
Let’s take a few examples of food essentials: what can be
easier than selling high-volume products such as milk or bread? Would you ever
forget to buy some crisps or packed juice as a consumer? Probably not. Though it’s
not that simple to make people want your product when you target low-volume,
high-end foods, for example mature wines, caviar, and delicious truffles. This
range of products is dedicated to a specific audience, therefore, their
manufacture goes through ever strict regulations and control.
easier than selling high-volume products such as milk or bread? Would you ever
forget to buy some crisps or packed juice as a consumer? Probably not. Though it’s
not that simple to make people want your product when you target low-volume,
high-end foods, for example mature wines, caviar, and delicious truffles. This
range of products is dedicated to a specific audience, therefore, their
manufacture goes through ever strict regulations and control.
During the YIB placement in RHUL, I’ve learnt about the
regulations and rules of food labelling, transportation, etc. By the end of
year, I am starting to understand the all-round principles of successful
trading and consumer communication.
regulations and rules of food labelling, transportation, etc. By the end of
year, I am starting to understand the all-round principles of successful
trading and consumer communication.
You should learn every single thing about your product/service
How surprised I was when I’ve been told at the beginning of
my placement that most consumers know very little about the products which they
buy. But that appears to be true: in terms of luxurious market, up to this day even
the best experts in this area argue about how many types of sturgeon (fish
which is farmed to produce caviar and meat) are in the world. No less
interesting question is which caviar can be deservedly called a “King of
caviars”? What this means to you as a future marketing expert is that you
should learn every little thing about your products, as well as what’s on your
competitors’ store shelves.
my placement that most consumers know very little about the products which they
buy. But that appears to be true: in terms of luxurious market, up to this day even
the best experts in this area argue about how many types of sturgeon (fish
which is farmed to produce caviar and meat) are in the world. No less
interesting question is which caviar can be deservedly called a “King of
caviars”? What this means to you as a future marketing expert is that you
should learn every little thing about your products, as well as what’s on your
competitors’ store shelves.
I was extremely lucky to work in such a distinctive industry
and learn from many different channels. Together with my great supervisor, we
gained a big knowledge from the meetings, tasting events and exhibitions.
Besides, the lion’s share of my experience comes from digital channels which we
have been using.
and learn from many different channels. Together with my great supervisor, we
gained a big knowledge from the meetings, tasting events and exhibitions.
Besides, the lion’s share of my experience comes from digital channels which we
have been using.
You can learn as much as your consumers
Arguably, this is the best thing I found about my placement
year. In a niche segment of food products, as an expert you can learn a lot
from listening to the customers and understanding what they wish to know about
the market. This helped me to look at the market from consumer’s view and “fill
in” some blind spots in my knowledge. In other words, one of the most useful
practices I’d recommend trying during your placement – is to ask yourself “what
would I like to know about this product or service as a consumer?”. Personally,
I found it extremely helpful.
year. In a niche segment of food products, as an expert you can learn a lot
from listening to the customers and understanding what they wish to know about
the market. This helped me to look at the market from consumer’s view and “fill
in” some blind spots in my knowledge. In other words, one of the most useful
practices I’d recommend trying during your placement – is to ask yourself “what
would I like to know about this product or service as a consumer?”. Personally,
I found it extremely helpful.
It is vital to say that these points are just a small part
of the great experience I got during the YIB placement. Hopefully, some students
who consider working in an industry like that will find it interesting.
of the great experience I got during the YIB placement. Hopefully, some students
who consider working in an industry like that will find it interesting.
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| Marketing literature which Maria was involved in producing |
Watch the video of Maria talking more about her placement experience and read more here: http://yearinbusiness.blogspot.co.uk/2015/11/maria-stopnikovas-placement-year-at.html
