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How to Succeed in the Wine Business
12 years ago
Wine industry is complex, competitive, and unstructured. For those who know their way around its intricate paths, succeed with élan and while others, to say the least, are left in a pool of debt.
Below are seven ‘must have’ criteria for success in the wine industry
It involves money - a lot of money
Buying vacant land to start a vineyard or buying a ready vineyard, fresh with crop - either way its significant investment. Flourishing vineyards cost in seven figures. If you start your vineyard from scratch you need to wait a few years before your wine ready crop can be harvested. You will also need your own winery facility, tasting room and equipment. Although you may not feel construction costs but the high equipment cost may put a dent in your budget. All in all, be prepared to invest heavily, even before you start any production.
No haste for ROI
Your first batch of wine production may take longer than two years and if you have started your own vineyard, the wait goes up by another two years at least, as it takes time for the wine ready harvest to bloom. http://vinoenology.com/wine-services/
Slow on production
New wine brands take time to build reputation and familiarity. Therefore, it makes sense to take it easy with production and sell locally first to see consumers’ reaction to your wine.
Get acquainted with Wine Services providers
From building a brand for your wine to getting linked with vendors offering winemaking supplies - get acquainted with various businesses which play a key role in bottling the grapes from your vineyard and sending it to wine lovers across the world.
Join a reputed online wine directory
Join an online wine directory to get connected with other wine businesses, retailers, and service providers around the world. Go online and search for such directories where you can promote your wine to a wider audience.
Stay on top of legal requirements
Wine industry is governed by a number of legislative Acts. Make sure you either understand all the regulations and legal formalities yourself or get services from a legal firm which has expertise in the wine industry.
Build your Brand
Build your wine brand - right from getting a designer label and sparkling wine catalog, to creating a unique selling aspect for your brand - do everything to ensure your wine is on your consumers’ lips. http://vinoenology.com/directory/
Wine business although complex, is exciting too. With the right information, money and commitment you can build an exquisite wine brand and raise a toast to your success.
Below are seven ‘must have’ criteria for success in the wine industry
It involves money - a lot of money
Buying vacant land to start a vineyard or buying a ready vineyard, fresh with crop - either way its significant investment. Flourishing vineyards cost in seven figures. If you start your vineyard from scratch you need to wait a few years before your wine ready crop can be harvested. You will also need your own winery facility, tasting room and equipment. Although you may not feel construction costs but the high equipment cost may put a dent in your budget. All in all, be prepared to invest heavily, even before you start any production.
No haste for ROI
Your first batch of wine production may take longer than two years and if you have started your own vineyard, the wait goes up by another two years at least, as it takes time for the wine ready harvest to bloom. http://vinoenology.com/wine-services/
Slow on production
New wine brands take time to build reputation and familiarity. Therefore, it makes sense to take it easy with production and sell locally first to see consumers’ reaction to your wine.
Get acquainted with Wine Services providers
From building a brand for your wine to getting linked with vendors offering winemaking supplies - get acquainted with various businesses which play a key role in bottling the grapes from your vineyard and sending it to wine lovers across the world.
Join a reputed online wine directory
Join an online wine directory to get connected with other wine businesses, retailers, and service providers around the world. Go online and search for such directories where you can promote your wine to a wider audience.
Stay on top of legal requirements
Wine industry is governed by a number of legislative Acts. Make sure you either understand all the regulations and legal formalities yourself or get services from a legal firm which has expertise in the wine industry.
Build your Brand
Build your wine brand - right from getting a designer label and sparkling wine catalog, to creating a unique selling aspect for your brand - do everything to ensure your wine is on your consumers’ lips. http://vinoenology.com/directory/
Wine business although complex, is exciting too. With the right information, money and commitment you can build an exquisite wine brand and raise a toast to your success.
