Archive for the ‘Business Tips for Wine Shop Owners’ Category

If you’re looking for the numbers to back up your assertions – or you want to get a sense of what direction some part of the wine world might be heading, we’ve got the resource for you. [level-members] Or, more accurately, Ricardh Hemming does. You’ll find his compendium here, which is an update on the […]

Is that $80 bottle of wine really worth four times that $20 bottle? [level-members] It depends, and from a wine shop business standpoint, it makes sense to stock wines in a full range of prices because the price of the bottle is less important than the value. Let’s get this out of the way right up front: […]

Apologies for a heavier-than-usual article today, but this is a topic we can’t ignore. [level-members] And quite frankly, I’m not ever sure there’s a solid actionable item or take-away, which is usually what I’m shooting for when I decide what to write. But as much as we focus on the positive aspects of wine and […]

There’s a lot of crap out there when it comes to wine clubs, but there’s plenty to be learned from both the dross and the gold. [level-members] I won’t name names, but mass market publications with no real wine bone fides shouldn’t be offering wine clubs. They’re trading on their name recognition and in many […]

How are you staying on top of what your wine shop customers really want? And are likely to want next? [level-members] As this Wine Business article makes clear, consumer tastes change over time. That’s nothing a quick look back through the family photo album couldn’t tell you. (Get a load of those collars and those hair-dos!) […]

There’s no accounting for taste, or so the saying goes. Which would make you think that standardizing our, um, standards, would be a good thing. But I bet you’re not going to like where this story of wine tastemaking is going … [level-members] MIT Grads Invent Algorithm and Quiz To Pick Your Next Bottle Of […]

It’s not just silicon valley that is gaga over blockchain and, especially, the cryptocurrencies which are based on it. Now the wine world is getting into the act. [level-members] Chai Wine Consulting is using the technology to help squash counterfeiters. As a tech-geeky wine lover, I find the idea incredibly compelling, though I’m still quite skeptical about […]

With regulations constantly changing, and interpretation of those regulations changing nearly as quickly, it pays to stay on top of new developments. [level-members] Obviously, keeping abreast of new developments is an important part of staying on the right side of the law, of course, but it’s also an important part of recognizing new opportunities and new […]

You already know that high scores from widely-read publications drive sales – and prices. But what happens, and how do you talk about wines that get different scores from different critics? [level-members] I don’t know that I have an answer to that question, but this recent Wine Gourd article about the different scores of two […]

As I read these two related articles about the costs associated with setting up DTC programs at wineries, I began to think of both the parallels and threats to retailers that DTC represents. [level-members] First, there are quite a few vendors listed in the DTC Vendor Prism that can be useful for retailers, too. Social media […]