Murari B K, Author at Cocoguru Coconut Oil

October 13, 2021June 27, 2022 by Murari B K 4

Cocoguru is now available at Reliance SMART Stores

We are extremely pleased to announce that Cocoguru coconut oil is now available at Reliance Retail Smart Stores! This Navarathri has been truly auspicious, Godess Durga has showered her blessings on us. For a small local player like us, it is a big breakthrough. Result of building the brand for so many years that Reliance has chosen Cocoguru among plethora of coconut oil brands.

Cocoguru is unique coconut oil brand in coastal Karnataka

to have a website explaining all the details about the product and the company
to have a major presence in e-commerce platforms like Amazon, flipkart and Meesho
to be run by a team of professionals in an organized way
to make roasted coconut oil for cooking use
to focus on automation and technology in operations
to provide purity and quality over lower price
to maintain hygiene and cleanliness in workplace and thick vegetation in campus
to provide ESI, PF, Health and Accident insurance to employees

When we started Cocoguru coconut oil, many of our well wishers casually asked if the product is available in super market chains like More, Big Bazaar, Reliance Fresh etc. It is embarassing to say No, but got away with a few lame excuses that they ask for low price, take long time for payments. 12 years back, we explored to place our coconut oil in super markets at Bengaluru. We learnt that we were no where near to placing it there.

What it takes to get into Modern Trade
The super markets have limited shelf space to keep a variety of brands for a product. They should optimise that space by keeping only a couple of brands that is most demanded. Note that is the most demanded, not the least priced or having the best trade terms. Consumers come and pick the brands they like and less likely the brands the stores push. So a brand makes into the super market shelf, when they are most liked. And that is hard and has no short-cuts. To be liked by consumers, the product should be of good quality at affordable price, have attractive strong packaging consistently.

Challenges for local brands in large supermarket chains
The trade terms for suppliers are highly one-sided and fully in favour of the retailer. Only way for small local brands is to fully agree to it. The super markets ask for a hefty listing fees, display rent, deposit to sell products and long credit periods. This can be financially daunting to the brand.

How did Reliance take interest in Cocoguru?
Reliance opened its Smart Store at Puttur. It started with a bang because of their aggressive pricing, wide assortment and convenience. Cocoguru is a highly popular brand at Puttur and it was not available there. Everyday there used to be many enquiries for Cocoguru at Reliance. Many used to buy all grocery items from Reliance and buy coconut oil from outside wherever Cocoguru was available. The store manager repeatedly informed the centralised purchase manager. We pitched them a couple of times. But they were content with the 2 brands they were keeping. One is a national brand, but not favoured in this region, priced at a premium. Other is a local brand, priced very low, unprofessional in dealings, poor on quality, irregular in supply. So market need and gaps with existing suppliers made Reliance look at Cocoguru.

Wholesale vs Super Market
Many a times, brands go all the way to please the wholesalers to buy in bulk. But at Cocoguru, we look to please the consumers. Consumers demand for Cocoguru and retailer is left with no option but to stock our product. Our biggest buyer is not any wholesaler, but a standalone super market here at Puttur. At super market, consumers can freely pick the product they like without much influence from the retailer.

So, Cocoguru being available at Reliance Smart is a win-win situation for local consumers, brand Cocoguru and Reliance Retail. This should be the first of many more placements at bigger supermarket chains. Cocoguru should soon be available at Jiomart.com and consumers will be able to get door delivery in local area at much lower costs compared to Amazon and Flipkart.

Coconut Oil

November 21, 2020August 23, 2022 by Murari B K 6

Why is Cocoguru coconut oil yellow in colour?

Why is your coconut oil yellow in colour? It is not clear white, so not pure

People say this out of their experience and perception about coconut oil. They are not to be blamed because they have seen that oil from good quality copra is white and that from lower quality copra is yellow. Our coconut oil is yellow not because of poorer quality copra but because of a different process. With improvements in oil extraction technology and consumer demand for packaged coconut oil, the coconut oil colour also may undergo a change. Though clear transparent white colour looks better, for want of better quality of coconut oil, the colour may have to suffer.

Manufacturing process of clear white colour coconut oil

Copra with 7-8% moisture is crushed in a rotary machine where lower heat is generated through friction, the oil is then kept in a barrel to allow settling of sediments to take out clear white coconut oil. This is the traditional method of coconut oil extraction and at small scale still followed in villages.

The problems here are

Copra is high on moisture and resulting oil will get rancid fast
Filtering through sedimentation takes a minimum of 7 days

A superior method where above problems are solved is to dry copra to 3% moisture, extract oil from copra through expeller and filter oil online through filter press immediately.

But the resulting oil turns slightly yellow because of

1. Copra drying by application of hot air at 80 degrees

2. Higher friction and heat during oil extraction in expeller

It has better aroma and longer shelf life.

We go a step further that is the roast the copra pieces after drying but before oil extraction. This further enhances the aroma and shelf life but oil becomes more yellow in colour. There is not loss of any nutrients as it is popularly believed, it is still great for cooking. The great aroma is not because of any perfumes added but what comes out of copra through roasting. Increased shelf life is not because of any preservatives or chemicals but because of complete moisture removal from copra.

Effect of roasting can be understood by comparing the taste of ground nuts or cashew nuts before and after roasting. We eat rice, wheat and vegetables after cooking/heating not without.

There may be many traditionalists who say the contrary is true. White colour oil is better than yellow colour oil. We, respect their view and understand why they hold to their view. That is why we have cold press coconut oil also. As a brand, we believe roasted coconut oil is better.

Sales

November 19, 2020August 23, 2022 by Murari B K 0

Retailer Objection – No response

We looked into the common objections by retailers to salesman. The toughest objection to crack is when retailer doesn’t respond. He just shakes his head and moves on. Or before you say anything, he says that he has stock and is not interested to buy. Here, we will look into how to handle this.

Objective in this situation is to not sell but to strike a conversation, build a connection, showcase the product and then see if anything can be worked out later.

“Sir, I understand that you are not interested in buying our products at this point. That is fine but I just want to showcase our products. We are doing a lot of marketing activities, our products are getting popular among consumers and there are good chances that you may get a few enquiries. The information I share with you may help you to understand your customer needs better and when you want to buy, we will be more than happy to supply to you.”

Introduce about you the salesman, name, native, past experience, when he joined the present company. Seek the shop keepers support in giving advices, references, consumer preferences etc. Share/exchange business cards.

At this point when the retailer is not under pressure to buy, and when the salesman is knowledgeable, simple and capable of understanding retailer’s concerns, he will open up. Then, products can be introduced, prices can be shared, supply mechanism, frequency can be discussed.

No matter, how disinterested the retailer will be. There is always a chance that he will face issue with present supplier in terms of quality, pricing, supply and terms. If we are able to build a relationship with him, we will be the first alternative that will come to his mind. Knowing that he has a solid alternative in us, he will start pressurising the present supplier for better deals.

A way to strike a conversation would be to keenly observe the shop. All retailers like to publicly display their say political affiliations, favourite God/Godess, owner’s car, their values, likings. One can talk about it. Each shop has its own strengths like cleanliness of the store, reputation in the locality, heritage, variety of items available, competitive pricing, size of business. Salesman can observe and appreciate the retailer and talk more about it. Also, they can discuss among their common contacts.

Eventually, probe more about the nature of business, how the retailer has grown the business, family connections, native place, his interests etc. Then, get into the demand for coconut oil in his shop. What do consumers ask for quality, price, brand etc What does he like about his present supplier, would he use it at his home?

All along the way, the salesman must be attentive, never look at his cell phone, read between the lines, be patient when the retailer is doing something else, keep eye contact, nod, stay in the topic. Never lie whenever he talks about himself, company, products, competitors, market. Keep all the information handy for ready presentation. Another point that is mentioned separately is “don’t attempt to sell”.

Before leaving, inform the retailer that the distributor or sales van would visit him for enquiring. Also, salesman would visit him say next week same day. Ask him if he needs any more information that he has to work on before coming next time.

Author: Murari B K