Why FTJ is Needed Ability to purchase products in alignment with religious values Create jobs to...
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Transcript of Why FTJ is Needed Ability to purchase products in alignment with religious values Create jobs to...
Why FTJ is Needed
Ability to purchase products in alignment with religious values
Create jobs to lift thousands of artisans out of poverty
How FTJ Achieves Its Mission
Develop/Distribute Educational Materials, creating demand for Fair Trade alternative
Provide Support/Design New Judaica Products, increasing their availability
Introduce Products to Retailers and Consumers, making them more accessible
Who FTJ is ServingIndividual Jewish
Customers• Target: Women, ages 45-65• Members of Synagogue
Sisterhoods and/or Advocacy Organizations
• 70% Fair Trade influences their purchases
• Seeking quality yet interesting products
• Potential market= 750,000 – 1 million potential clients x $35 sales/year = $26 million/year
Fair Trade Groups
• Target: Fair Trade businesses and their partner artisans
• # Increased partners• # New products• Differences
• Potential Market = over 50 members of Fair Trade Federation to work with
Jewish Institutions/Retailers
• Target: Four religious denominations/membership; community/synagogue gift shops;
• At least 45 stores have added FT to inventories in 2.5 years• Affordable • Alternative to sweatshop
made products• Beautiful and well made
• Potential Market = over 250 synagogue stores (reaching 500,000 members) and 75 community/museum stores
FTJ’s Value Proposition/Competitive Advantage
Only organization focused exclusively on intersection of
Judaism and Fair Trade – created and occupy this niche
Established relationships with each link in our
comprehensive distribution system: Customer, Retailer, Wholesaler, and Artisan
Strong community connectionsPartnerships – Jewish Social Justice
Roundtable. Hazon, Divine Chocolate# meetings, referrals, links w/synagoguesDifficult to take market share from us =
Media, customer loyalty,Reputation/referred to as expert in the field
Fair Trade Sales, in general, have been growing at least 10%/year over last 3 years; projected trend is upward
growth
Competition/positioning
FTJ accomplishments
Brought to market over 25 new
Judaica products in 3 years
Products now found in over 50
Judaica/Fair Trade stores
# online customers within 1 year
Lean Start-up with over 3 years experience;
referred to as Leader in the field
Lessons Learned:Lessons Learned
Target MarketSocial Media Strategy
Partnerships
ACTIOn plan6 months 1 year 3 years
# New products on the market 3 7 25
# New stores selling Fair Trade 10 25 100
Website conversions- downloads
# New online customers
% Return customers 10% 15% 25%
# People at Fairs/Conferences 5,000 7,500 18,000
# Fair Trade Synagogues 0 20 100
# New Donors
FTJ Revenue Streams
• On-line (50-75% margin) • FTJ Website• Partnerships• Affiliate sites
• Fairs (50-75% )• Customized orders• Projected: 50% of
income in 2 years
Wholesale/Commissions (15%)
• FTJ label products (50% margin)
• Wholesale Rep Commission sales (5-15% wholesale cost)
• Projected: 20% income in 2 years
Contributed Income (50%)
• Donations• Grants• Investments• Projected: 30%
income in 2 years
Major Competitors
•Weaknesses•Strengths
•Customers may not want to change behavior
•Other Judaica businesses who could begin FT
VISION
• FTJ envisions a world where artisans and farmers are paid a living wage, work in safe environments, and are able to provide a sustainable life for their families and communities
Mission Statement
• Fair Trade Judaica (FTJ) is building a fair trade movement in the US Jewish community,
• Jewishly ethical form of consumerismStrategies• Outreach and education- linking jewish values
with ft principles/internal authenticity/coherence/integrity
• Designing new products• Introducing products to Jewish market & selling
YOU
Become an FT Investor and Help us Build our Capacity
Join our team as an Advisory Board
Member
Become an FTJ Ambassador and Spread
the Word