Garage Winemaking in South Africa Less is More - Cape Wine ...
Garage Winemaking in South Africa Less is More - Cape Wine ...
Garage Winemaking in South Africa Less is More - Cape Wine ...
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to grow up th<strong>in</strong>k<strong>in</strong>g they are a global generation and have the means to be one.<br />
They communicate through Facebook, You Tube, Twitter and blogs. In the USA<br />
alone, these “Millennials” represent over 77 million potential w<strong>in</strong>e consumers. They<br />
are much more likely to purchase bottled w<strong>in</strong>e than cask w<strong>in</strong>e, and enjoy buy<strong>in</strong>g<br />
w<strong>in</strong>e by the glass or shar<strong>in</strong>g a bottle <strong>in</strong> a café. They are the future of w<strong>in</strong>e<br />
consumption. We need to engage th<strong>is</strong> younger generation <strong>in</strong> our market<strong>in</strong>g, so get<br />
blogg<strong>in</strong>g and twitter<strong>in</strong>g. 117<br />
And if you th<strong>in</strong>k go<strong>in</strong>g “green” will give you that market<strong>in</strong>g edge, th<strong>in</strong>k aga<strong>in</strong>.<br />
Recent research <strong>in</strong> Australia showed fewer than 10% of consumers will pay even a<br />
small premium for good environmental practice <strong>in</strong> w<strong>in</strong>emak<strong>in</strong>g. A few years ago<br />
environmentally friendly might have been considered unique. With<strong>in</strong> a few years<br />
good environmental practice will be necessary just to get l<strong>is</strong>ted <strong>in</strong> many retailers. 118<br />
In conclusion it <strong>is</strong> important to look at your product, price, place and promotion<br />
and ask yourself some questions. You need to have a real<strong>is</strong>tic, objective view of the<br />
quality of your w<strong>in</strong>e. How does it compare to your perceived competition? Does it<br />
reflect your w<strong>in</strong>e mak<strong>in</strong>g philosophy? Are you gett<strong>in</strong>g the most from the raw<br />
materials you have to work with? How does the price you are ask<strong>in</strong>g for your w<strong>in</strong>e<br />
reflect the position you are look<strong>in</strong>g for, and the quality of your w<strong>in</strong>e? Under pric<strong>in</strong>g<br />
w<strong>in</strong>e <strong>is</strong> as bad as over pric<strong>in</strong>g. As a basel<strong>in</strong>e, there <strong>is</strong> a certa<strong>in</strong> return you need from<br />
the w<strong>in</strong>e relative to your <strong>in</strong>vestment. Does the end product justify that return? If<br />
priced too high, the w<strong>in</strong>e will not sell, and you will have excess <strong>in</strong>ventory to deal with.<br />
Is it priced too low? If you are sell<strong>in</strong>g out your offer<strong>in</strong>g quickly, th<strong>in</strong>k about ra<strong>is</strong><strong>in</strong>g<br />
your price. 119<br />
What are you do<strong>in</strong>g to get the product <strong>in</strong> front of the consumer? Do you have<br />
d<strong>is</strong>tributors? Are you mak<strong>in</strong>g market v<strong>is</strong>its to promote your w<strong>in</strong>e? Do you have a<br />
good website? Are you manag<strong>in</strong>g your mail<strong>in</strong>g l<strong>is</strong>t? Do you have a club? These are<br />
all elements of d<strong>is</strong>tribution. 120<br />
What can a small w<strong>in</strong>ery do to promote their product? There are the obvious<br />
tactics, enter w<strong>in</strong>e competitions, w<strong>in</strong>emakers‟ d<strong>in</strong>ners, and shelf talkers. What about<br />
the not so obvious like direct promotions, such as special offer<strong>in</strong>gs to your club<br />
members, creat<strong>in</strong>g unique bundled offers <strong>in</strong> your tast<strong>in</strong>g room, or us<strong>in</strong>g your<br />
newsletter to educate the consumer? The bottom l<strong>in</strong>e <strong>is</strong> that mak<strong>in</strong>g great w<strong>in</strong>e <strong>is</strong><br />
rarely enough. You must be a marketer as well . 121<br />
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