Posts Tagged ‘business’

Value of social media tools: a wine label example

Thursday, March 11th, 2010

Do you doubt the ability of Twitter to offer valuable and tangible business benefits? Then check out this little example.

I was at the Wines from Spain tasting today and I met Sarah. In fact we were already “friends” on twitter in our various alter-egos as @thirstforwine and @bottlegreenltd but had not really met in person. In any case, this twitter-enabled chat encouraged us to taste some of each others’ wines, and in the process I was asked what I thought of this label:

Knowing that such things are subjective, I thought I’d ask for wider input, so I shared the photo with twitter. Within 20 minutes, I had 15-20 responses to be able to gauge a more general view. In this case, unlike my own personal luke-warm stance, the response was overwhelmingly positive. Check out some of the reactions below (some are not included as the messages are private):

  1. JohnG
    quaffability @thirstforwine I do like. Very nicely executed. But my first reaction is that it’s vermouth, and I think that is a problem.
  2. ryanopaz
  3. Duarte Da Silva
    wineboffin I like it. RT @thirstforwine: http://twitpic.com/17xb65 – A new ‘retro’ Rioja label. What do you think? Like?
  4. Justin Liddle
  5. Fields Morris Verdin
  6. Champagne Warehouse
  7. Somewhere is Jeannie
  8. Joanna Harris
    joanna_h85 Love them!! RT @elliott_people: @thirstforwine – Bottlegreen are a great company, fab people and product!
  9. Golly Gumdrops
    GollyGD @thirstforwine It’s attractive, but at first glance I’d think – ooo is that Cafe Rouge’s new house wine label?
  10. Seven Springs Wine
    7SpringsWine @thirstforwine Yes I like it, different, standoutish on the shelves, looks a bit ‘devilish’. Tim
  11. Emma Blackmore
  12. Laura Lindsay
  13. Int'l Wine Challenge
  14. Àlex Duran
    AlexDuran_ Fine! RT: @thirstforwine: http://twitpic.com/17xb65 – A new ‘retro’ Rioja label. What do you think? Like?
  15. Richie Roberts
    RichieWine Great label… RT @thirstforwine: http://twitpic.com/17xb65 – A new ‘retro’ Rioja label. What do you think? Like? (via @wineboffin)
  16. Nayan Gowda
    vinosity @WineChallenge @thirstforwine I would say more Nouveau than Deco, but I also like it a lot.
  17. Chris Carter
    ccarter126 Classy RT @thirstforwine: http://twitpic.com/17xb65 – A new ‘retro’ Rioja label. What do you think? Like?

this quote was brought to you by quoteurl

How about that for value for business? With a properly planned out strategy for getting input and feedback from fans, friends and consumers in general, twitter and other social media tools can be very useful without being complicated or time-consuming. And they can be fun too!

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Go with the cash flow

Monday, December 7th, 2009
LONDON - JANUARY 5:  Chancellor Alastair Darli...
Image by Getty Images via Daylife

… or “How I will do my bit for the economy of this country via the wine aisle

For the last few years, pretty much since I started blogging, I’ve had something to say about the underhand way that the government uses Duty on wine to line their coffers, usually at the expense of the consumer, but by implication also affecting everyone else in the chain, from retailer to producer.

I have tried to argue that our Duty system, with high taxes on EVERY bottle of wine, no matter how good (or poor), have little impact on whether consumers drink to excess, which is supposed to be one of the reasons to raise the price.

I have tried to argue that lowering taxes would enable producers to invest more in the quality of the product and their communication/marketing, educating consumers to drink better, and drink more responsibly.

To no avail, of course.

Earlier this year, the Treasury admitted in a letter (during a campaign by Le Beast wines, Harpers, Drinks Business and Off Licence News) that:

“…alcohol duty is an important revenue stream for the government”

and

“The alcohol duty increases announced at Budget were not designed to tackle problem drinking but they will play their part in ensuring we can continue to fund the Government’s spending priorities.”

It seems that the anti-alcohol lobby and politicians are allowed to use these as justifications for putting Duty up, but when they get the money, they can then spend it on whatever they wish.

So, I’m changing tack.

Let’s be realistic: If the government needs money to shore up our economy and get people back to work (or keep them in work), then they will be forced to raise taxes. They could*:

  • tax me harder on my income, thus making me have to work longer/harder
  • tax me more on stuff I buy (VAT), thus discouraging me from buying that ’stuff’ and thus not making money OR,
  • raise money from me while I am enjoying one of life’s real pleasures; drinking wine

To be honest, thinking about it like this (as I did when I went to sleep last night), I would rather be paying them extra dosh while I have fun, not while I work (of course, in my case I’m doing both).

So, Mr Chancellor (or simply Darling as we will now call him), I’m not excusing you. You could still do A LOT more to support wine businesses, producers, retailers, consumers and the health of this country, but as you do not seem to be prepared to do this, I guess I will just have to do my bit for the economy of this country via the wine aisle.

I hope you appreciate it!

And, Darling, when we start to emerge from this fiscal black hole you have helped to get us into, I trust you will do the decent thing and engage in a proper dialogue about what is actually good for the many responsible drinkers in this country.

Now, I’m off to pay some taxes, … by the glass.

* Of course, I suspect they’ll do all 3 of course! Watch out for 20% VAT, higher income tax and increases on Duty as a triple-whammy

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Find Wine with Style

Thursday, December 3rd, 2009

findwineAt the recent The Wine Gang Christmas Fair I had the chance to taste lots of wines and meet importers and wineries from around the world. One of the ones that stood out for me was a small online retailer looking to sell wines in a novel way: FindWine.co.uk

Most wines in this country, whether in the supermarkets or independent merchants, are sold mainly by country. They might then be divided by region, price or even style, but the first arrangement is almost ALWAYS by country. Most (surviving) online merchants have therefore taken this format as well, and although you can usually filter by many different criteria, country still dominates the thinking.

The other thing most retailers have in common is that they generally list a larger range of wines that may then be categorised or tagged with tasting or buying information to help consumers decide between them. The thinking is, if you give consumers a broader range of choices, they’ll find something they’ll like … and buy.

The truth is, many consumers are not looking for anything too specific, and in fact are often put off by too much choice. They want a good deal, and a recommendation of a ‘good’ wine, so may well leave without buying anything.

FindWine decided, instead, to create a list with only 54 ’slots’ that represent 6 different price categories across 9 different ’styles’, and find just 1 wine that is a good example for each. The prices vary from under £5 to £15+ and the list of categories includes “zippy” whites as well as “soft-isticated” reds, so should appeal to lots of consumers.

I think what these guys are up to is very interesting, especially as their model allows them to buy good quality wines in small parcels so they can keep things fresh and change regularly. All we need now is a bit more interaction and visibility from the faces behind the business to demonstrate their passion for the wines and give us confidence they are choosing interesting wines for these ’slots’.

On that note, watch this short interview I recorded at the show with John Critchley, one of the guys behind FindWine:

If you have used them, or tried their wines, do let me know what you think of their model and their wines. Is anyone else doing something similar?

(Update: I apologise to Mike Howes as this is in fact John Critchley, Mike’s partner at FindWine who I identified incorrectly in the video)

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Crush It! A book review

Tuesday, November 10th, 2009
Crush It

Crush It

Well, I ‘crushed it‘ in one sitting on the plane on the way to Lisbon for the EWBC.

Gary Vaynerchuck’s Crush It! is a book intended for an audience of entrepreneurs ready to take advantage of the opportunities offered by social media. These opportunities are easier to capitalise on in an age of ready-made blog platforms, template fan pages on facebook and free plug-ins to carry out necessary tasks, so I use the term entrepreneur to mean all those interested in starting their own money-making business, even those with minimal investment or risk.

That’s all of us!

The style of the book is very readable, and very “Gary”. You can hear him dictating the book, pacing back and forth in the room, stopping to make a friendly quip, probably about American Football, then launching back into his well-honed routine as if he had not left off. In fact, it is so much in the “Gary Vay-Ner-Chuck” voice that I had to read it at the speed he speaks, so I got through the book in an hour and a half!

As someone who has been following Gary, on and off, from fairly early on in his Wine Library career, including some of his keynote videos and his business site, much of this book is already familiar @garyvee stuff. It is interesting to have the presentation in one place for reference and in a form I can lend to others (even if video is more entertaining, it is harder to use to research and/or prove a specific point of your own).

The point of this book is not to give his existing followers something new, but to bring his message to those that have not yet committed themselves to social media but who think they want to know more. It is for Gary’s “posse” to give to others to explain their addiction, and for some of us, a useful basic checklist to refer back to.

One thing it is not, for the record, is a wine book, but the messages are still relevant to wine businesses.

If you want a highly readable, passionate and credible book on how to approach building your personal brand in, and through, social media, it is worthwhile reading. However, the world is moving apace and even some of this book is already outdated, so read it quick to get you up to speed on yesterday so you can get on with building your own brand today.

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The case of Majestic’s big small announcement

Tuesday, September 1st, 2009

I just heard via two sources on Twitter (isn’t it great?) that Majestic are about to radically change their business model and potentially make them an even greater player in the world of wine retailing.

Now Majestic’s minimum purchase it to be halved to only 6 bottles

Until now, Majestic required consumers to buy a minimum of 12 bottles at a time. Their “warehouse” model of large stores, plenty parking and knowledgable staff had  made them a favourite of keen wine drinkers.

However, the vast majority of UK wine drinkers do not buy 12 bottles at a time. Most buy 1 bottle for a specific evening, or maybe 2-3 if on a promotion. This made them a ’specialist’ as opposed to a regular ‘wine shop’ in the minds of most consumers.

The theory has been that by buying in larger quantities, you could take advantage of more volume deals and get a better price overall for your wine. In practice I wonder quite how much better that price was unless you were really picking the promoted lines, but …

Despite targeting a relatively small number of wine drinkers, Majestic has been enormously successful in the last few years, especially if you compare them to their peers; Oddbins, Wine Rack/Threshers and pretty much any other high street wine retail name. It makes a BIG difference to have 1 customer walk into your shop and buy 12 bottles with an average price around £6-£8 and therefore spending £70-£100 instead of them walking out with a single bottle, no matter how expensive.

… spare a thought for the independent wine merchant struggling to survive

Now Majestic’s minimum purchase it to be halved to only 6 bottles. Clever, or crazy?

  • On one side, getting consumers to move up to buying 6 bottles is easier than jumping from 3 to 12.
  • It means that the wine consumer on a budget who already buys at Majestic might feel less guilty about going back to the store to “only” buy 6
  • Many modern flats do not have space for storing 12 bottles at a time (sad to say)
  • Majestic is obviously hoping that their “£2 off per bottle if you buy 2 or more” type discounts will encourage shoppers to buy more than 6 anyway (I always seemed to buy more than 12 I admit)

However, it risks upsetting the delicate balance they have achieved that has made them successful.

12 bottles was not a ‘legal’ requirement, at least not once you could mix & match your own. It was simply the business saying “you will buy 12 bottles or we won’t sell to you”.

People accepted that, in part because 12 bottles was a psychologically significant number (as the number of bottles in a standard case measure). How will consumers react to this being changed? Happy that it is now “only” 6? Or will they wonder why they have to buy 6 at all, and why they can’t just buy 3, or 1?

Also, I’m certain there were those who bought extra bottles to fill their 12 bottle quota. What happens to those purchases?

It is a bold move that will hopefully attract some of those customers who like wine and knew of Majestic but for whom 12 bottles and the thought of £75-a-visit were a substantial barrier.

Let’s also hope it encourages more consumers to make wine drinking a more planned activity.  A little research can make the appreciation of the wine so much greater.

Finally, spare a thought for the independent wine merchant struggling to survive in your town, village or high street. This potentially makes their life even harder, but maybe you could learn about new wines with Majestic’s offers and education, then go exploring the wines of smaller wineries and regions with the help of your local merchant?

Good luck in your wine adventures!

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Open minds for troubled times

Friday, February 20th, 2009
Chair
Come on in for an interview!
Image by tommy forbes via Flickr

I’ve reported, commented and complained before on this blog about how the UK government treats consumers and business when it comes to alcohol.

My position has usually been one of incredulity, cynicism and anger at the decisions being taken by politicians, in particular when it comes to taxation of alcohol.

I’d like to extend an offer to a politician or civil servant to explain to me, in person, what this country’s government is doing, and why.

I was prompted to write this post by the announcement that a UK parliamentary committee was to be set up to examine:

… alcohol-related health problems and the consequences of these for the NHS, plus the role of the alcohol industry, police and government departments in addressing alcohol-related harm. [as well as] … examine “whether the drinking culture in England should change, and, if so, how”. (from just-drinks)

Just my sort of question!

Governments and politicians like to be SEEN to be doing something, no matter how ineffective in practice. In general, I do believe that politicians are scared of talking sense about alcohol (or many matters of real personal choice for that matter) and governments are quite happy to continue to be able raise lots of money from a ‘sin tax‘.

The problem is that the government has become dependent on the money raised from Duty on alcohol. They couch their revenue generation as a “strategy” to combat alcohol abuse whilst damaging businesses that could help to change people’s attitudes to alcohol and still, in my opinion, not doing nearly enough to address the underlying causes of that abusive behaviour.

I think many in the wine business in particular would probably agree.

HOWEVER, I will also admit that my experience is limited. I work with great wines, wines made by people who care about their product and which is sold mainly to those who appreciate them. I don’t have much day to day experience of the front line of a binge-drinking culture that I admit does exist in places in this country.

So I’d like to extend an offer to a politician or civil servant to explain to me, in person, what this country’s government is doing, and why. I don’t want a press release, I want a discussion. I’m prepared to post the results on here, either as a new post or in the comments. I would even consider filming a meeting and putting it on the blog for others to view.

Is that you? Or maybe, you know someone who could come along to chat? Let them know!

I am not a campaigner with an agenda as such. I’m not promising those who agree with me to be the best prepared, most vocal champion of the alcohol business (there are people like the WSTA for that). I am not a politician, nor expert debater. However, the government needs to convince me, and people like me, if we are to support their current approach, and if they can’t, then listen to us about finding another way forward.

I’ll even give you an idea of the questions:

  1. What evidence is there that high duty rates stop young people from drinking too much?
  2. What meaningful dialogue can you point to that shows you admit that alcohol consumption is a perfectly acceptable part of our society & culture in moderation? Have  you ever done anything other than preach?
  3. By focusing on the price/cost mechanic, are you not damaging small, independent importers/retailers who might engender a respect/appreciation for alcohol, and instead driven people to the multiple grocers, with their massive purchasing power to offset that duty cost, where no such education takes place?
  4. Is the excess consumption of alcohol not more closely related to opportunity IN GENERAL, rather than opportunity to buy alcohol? Would fewer kids get blind drunk if you inspired them with alternatives for their time & effort, rather than chastising them?
  5. What about the law-abiding middle classes of moderate consumers who are being criticised for their alcohol consumption? Where is the data to back your 21 units safe limit campaign?

These are just some of the questions off the top of my head. If you have any others you’d like to ask, let me know.

So, then, who’s willing to try and convince me? There’s a chair waiting!

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Reaching the wine drinker

Tuesday, January 20th, 2009
LIWF 2008
Image by RobWinton via Flickr

The UK wine trade has lots of events where we pour, taste, buy and sell wine, but the majority of the big events are “trade only” events where professional buyers, writers and winery representatives such as agents, importers and distributors, get together to do deals.

The great news is that the quality of wine being made is arguably as good as it has ever been, and the buyers themselves are also better qualified to choose wines for their businesses.

But someone is missing from the picture. The drinker.

Of course, the UK consumer is always on the mind of wine makers and importers, and certainly of the businesses that will ultimately sell them the wine. Yet, how often do these businesses make decisions based on feedback directly from their ultimate customers?

One of the reasons I bang on about Social Media for wine so much is that it allows all of us, whatever our role in the wine value chain, to hear directly from a whole range of consumers about their tastes in brands and products, including wine. Today, that audience is still somewhat limited to the more technically minded (i.e. geeky) but this is changing VERY fast.

I am very excited, therefore, about the possibilities offered by the combination of wine and Twitter’s short, focused and public messaging as is being used by twittertastelive.com – in fact I like it so much I am involved in helping to bring this idea to a broader UK and European audience.

I used this in December as well, but this time we are giving consumers and influencers outside the wine trade the chance to give some feedback on wines during one of the most important UK trade events, Bibendum Wine Ltd’s Annual Tasting. I must state for the record that 1) Bibendum is the company that imports the wines I work for and 2) we will be tasting one of these wines as part of the event, namely the Dinastia Vivanco Crianza. However, no-one will be filtering the results or comments so I hope you’ll accept this minor potential conflict of interest.

From 4pm tomorrow (21st January 2009), there will be a group of food, wine and media bloggers gathered together at Bibendum’s physical event (at the Saatchi Gallery in London) and another 8 or more individuals and groups around the country particpating remotely. Each will taste the three wines and exchange tasting notes, comments, questions and desperate demands for refills using twitter. Click here to read more about “Beyond the Trade“.

Follow along on twitter by following me (@thirstforwine) and the others listed below, and look out for tweets with the code #ttl

I’ll report back on the success, or otherwise, later in the week.

The participants will include:

@bibendumwine
@thirstforwine
@documentally
@sizemore
@loudmouthman
@eatlikeagirl
@hollowlegs
@chrispople
@foodstories
@wmjohn
@bigbluemeanie
@jonthebeef
@mackney
@fraseredwards
@rjbirkin
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Brain Fail

Wednesday, January 7th, 2009
Human brain - please add comment and fav this ...
Image by Gaetan Lee via Flickr

I’m sad to report that my Brain 1.0 crashed this morning.

I had crafted a beautiful post about Twitter and the business benefits of participating in it, including witty comparisons, links to all sorts of relevant articles, statistics and images, and even made a few quote-worthy inserts that would allow you to pass on the article to your friends.

Unfortunately, I sat down this morning to paste this article from Brain 1.0 into Worpress and I discovered that this well crafted article had been corrupted (possibly by tiredness or even the half bottle of wine I had last night). I even attempted to reopen the article in my now rather dated Pen-N-Paper interface, and the entire thing seems to have become one wordy, garbled, incoherent and unresearched mess.

Unfortunately it means I’m going to have to start again, and this post is an attempt to re-format those thoughts and find fresh inspiration.

For those of an impatient disposition, the gist of the article was:

Twitter is a worthy additional tool in any business communication plan, but there are several different ways to approach it, and you need to better understand not what twitter IS, but how it is USED before you prepare that plan.

You do not need to participate in it heavily to benefit. You can simply monitor conversations and use it to respond to questions, and most importantly, respond to any issues directly and in a timely way. This is customer service “gold dust” and creates a great opportunity for word of mouth benefits.

However, as with all social media, you can really benefit from the twitter platform by getting involved, interacting with other individuals and communicating your (personal and business) personality. This is something that takes time, honesty, and a degree of openness most businesses find hard at first. However, it could be transforming for the business by creating a truly loyal group of friends, much more than ‘just’ customers.

OK. I’m off to turn that into something a little more useful and rounded, and to see if anyone has yet brought out an upgrade or replacement for my unreliable Brain.

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London International Shaking Hands Fair

Friday, May 23rd, 2008

Having spent three days at what used to be called the LIWSF (London International Wine & Spirit Fair) I think it would be fair to say that the most important activity of the three days was not the popping of corks or even scratching of pens on paper (does anyone actually do that anymore?), but the shaking of hands.

Having said that, I have returned from the event feeling positive and excited about what is going on and far from the doom and gloom one might have expected in these troublesome economic and social times.

For the first time in many years I got a chance to get off my stand (more on that experience elsewhere) and attend several seminars, meet interesting people and also taste a couple of wines.

There are two ways to “work the show” – exhibitor and attendee. I have not been an attendee since 2002, and when I am exhibiting I get “in the zone” and struggle to feel comfortable if I am not doing what I came to the show to do – but maybe that is just me.

The good thing is that if you stand still in one place for long enough all those who are furiously running around the show looking for something (and often getting lost in the process) will come past you.

I am often asked whether I had “a good show”, and it is a difficult question to answer.

From a commercial point of view, I somehow doubt much wine is bought and sold at the show that would not be bought or sold anyway – but it does help to know that potential customers and suppliers are all in the same place at the same time. There are also so many innovations, new wines, redesigns, etc. that only the most driven, lucky or high spending will get any chance of getting noticed.

The most important element is “networking”, an old fashioned concept that has not been replaced by the newer “social networking”, which involves being in the right place at the right time, … and shaking hands.

I managed to shake hands with lots of existing customers, which makes me, and them better informed about each others needs and experiences. I shook hands with new customers who can now go away and think about whether they want to do more business with me. I shook hands with some very interesting new contacts at the WSTA, WRAP, Wine Intelligence (I will post about these meetings separately) and more. Last, but not least, I shook hands with a lot of friends I rarely get a chance to see, particularly if they now work in competitor businesses.

All in all, I must say that attending the show was a good experience, and I therefore had “A Good Show”.

Now, off to launch a wine called “handshake” so that every time someone meets up at next year’s event they think of my wine.

(Main photo Shake my Hands courtesy of framboise – some rights reserved)