To me, wine making is a great at home business. There are so many varieties of wines, and the types of wines you can make are only limited by your imagination. Consider the following reasons why you should start a wine delivery hong kong business of your own.
4 Reasons You Should Start a Wine Making Business
The High Demand for Wines
Since wines have so many varieties, you are getting into a market that has a high demand. When there is a high demand for a product, it is easier to make your business successful. The sales of wines particularly increase during festive times such as Easter, Valentine’s Day, Thanksgiving, and Christmas.
Wine Making Isn’t Capital Intensive
There is little investment to start a wine making business. The cost to make wines is also low with a healthy profit margin. This makes it favorable to start a wine making business.
Wine Making Isn’t Labor Intensive
To get started with wine making you don’t need to have a huge business with ten employees. You can make a few bottles of wines a day on your own without needing any extra help. Again this makes it easy to start your business, and you only have to expand when you’re ready and have the money to do so. Remember, you don’t need to make 100 or 1000 bottles a day to have a business, start slow, maybe supply to just one or two local champagne hong kong shops at first and see how the customers respond to your creation.
A Versatile Business
Perhaps the best aspect of starting a wine making business is that it can be very versatile. There is little investment needed, and you can choose to make anything from simple to elaborate wines, while still finding a great market.
Before Starting the Business
When I first started making wine, I did not initially enter into creating a business. Making wine became a passion, and I later decided to turn that passion into a thriving business. In this section, we’ll talk about what you need to know before you dive into selling your sweet nectar.
Now that we know why to start a wine making business let’s look at what you need to do to start your own wine making business. There are some essential aspects you need to know about starting a wine making business.
The Legalities of Selling Wine
Currently, laws around the United States say that you can only provide your homemade wine to people without charging anything and that you cannot just give it away to the public. But did you know that you can sell wine without getting into trouble if you put in enough effort into it?
The process involved in selling your wine to the public will require you to go through a few legal points. But once you get through them all, it becomes easy for you to sell your wine.
Please note all points listed here are for United States residents only. Check with your local alcohol control bureau or government office to learn about what can be done in your country with regards to selling wine.
The Alcohol and Tobacco Tax and Trade Bureau is an operation of the United States Department of the Treasury. This group provides licenses and approvals to those looking to make wines.
You must file an application with the TTB if you want to sell wine for commercial purposes. Your entity qualifies as a bonded winery when registered with the TTB.
But the TTB does require you to fill out numerous forms. These are produced by the TTB National Revenue Center and entail applications for establishing a wine delivery hong kong, getting a wine bond, and listing information on environmental and water quality standards where you are. Such documents identify the legal nature of your work, what you are doing, and where it is taking place. Points on the safety of the grapes and other items inside your locality must be added as well.
Learn Your Market Demand
There are two things you need to know about the wines you plan to make. First, you want to know what type of wines you are interested in making. Second, you want to know what kind of wines you’ll be able to sell to target customers.
In other words, it is best to find out what your customers want rather than telling or offering them what you think they want. If you spend a little time talking to local people and ask them what they like in wines, you may be surprised at what you find out. This is what I call mini-market research.
A lot of people make the mistake of making a certain type of wines that they like thinking everyone else would love them too, but in reality, you may have a very different taste or choice than the mainstream folks, so it is best to do the market research and find out what people really like.
Most wine makers enjoy working with this hobby because it is something they like to do. You will get your most pleasure out of working with what you enjoy: the type of grapes you work with, the colors you choose, the fragrances you prefer, and the flavors you find attractive. Your personal preferences matter a lot when it comes to making wines and doing a hobby you enjoy. It is important to enjoy what you are going to do if you are going to make it a full-time business.
However, this might be different when it comes to your target market. Different people looking for different things are going to buy different wines. For example, some food fairs can be a great way to sell wines. Although you may do better selling simple wines rather than fine wines at these fairs. So like I just said earlier, it is important to do market research when starting your wine making business to make sure you are not only making what you enjoy but also making wine that is going to make your business profitable.
Know the Process
To be successful in the wine making business, you need to have a great product. The wines you make need to make your customers happy. Even if you are making simple table wines for everyday consumption, they should still taste great and be priced appropriately.
If you are going to sell finely aged wines, you want to be well-practiced at making them age properly, so the flavor is not lost. The more you know and learn about making wines, the better your products will be. The better your wines, the more profitable your business becomes. One word of advice I want to offer here, try not to make or market wines that will retail for over $20, at first try making something simple with a price point that is under $20 per bottle.
When you are well versed in the wine delivery hong kong, you will also be better able to experiment with different packaging, colors, and bottle sizes so you can increase your range of products.
Learning as much as you can about wine making also allows you to make wines efficiently with as little wastage as possible. This is important to your business’s bottom line and keeps the cost of your business low. This means an increased profit margin for each wine bottle you sell. So take the time to learn as much as you can about wine making.
The Business Aspect
When starting a business, no matter how small, there are a number of rules and regulations you need to follow. Since wine is alcohol, it comes with some extra regulations and requirements, so doing your research for your own city, state, and country would be an important first step. It is important you research what rules there are for small business start-ups in your local area. Then make sure you follow these rules. It is important to have a legal and official business entity if you are looking to grow your business into a larger business eventually.
When starting your own business, you also want to give careful consideration to things such as branding, packaging, and the business plan. Doing all of this will ensure your champagne hong kong business becomes a success.
Some of these don’t need to be done at the beginning, but you should definitely start with a business plan. This will help you outline the steps that need to be followed. Your business plan will tell you when you need to create a brand and when is the best time to start an online store. The business plan is the roadmap for a small business.
It will keep you going and make sure you don’t miss any important steps and avoid any mistakes. The business plan doesn’t need to be anything elaborate; just a few pages can be sufficient. You can visit Bplans.com as they are one of the top companies to provide customized business plans.
Remember, to create a brand, a logo, and a beautiful packaging design does not cost as much as they used to. How, may you ask? Well, there are many online talent sites where you can hire talented graphic designers for very little money and have them create some awesome logo, brand, and packaging designs for you that are trendy, attractive, and easy to produce.
I hired my graphic designer for 99dessign.com, and I believe I paid $250 for all three designs. But if you are on a tighter budget, try Fiverr.com, here you can find and hire designers for $5 to do each task. You will be amazed at how talented some of these designers truly are.
At this site, you can find talents that can help you with your social media and other marketing needs, too. You can find talent that will do your flyer design to business cards, all for $5 each. I am finding different ways to use Fiverr every day.
Know your Target Market
Before you start your business, you also want to make sure you know where and how you’re going to sell your wines. Determine who your customers are going to before you start to make your wines. The market research I just spoke about can also tell you who your potential customers will be.
Just make a note of every group and every venue you think you can sell your wines to. Then approach them with samples, flyers, or even just your business cards and introduce yourself.
Finding the Best Wholesaler for Supplies
You should also consider your supply sources. This will have a direct impact on the cost of your wines and the bottom-line profit margin of your business. Depending on where you live, you may have a few local wholesalers that are offering good pricing on grapes and other raw material. One advice here, if you can source your grapes locally instead of online, do it since grapes are perishable and tend to be heavy when buying in bulk, it will save you a lot of money in shipping expenses.
As for most of the other nonperishable supplies, try to find a couple of reputable online retailers and always cross-check prices and quality between them before buying. I don’t buy from one or two online wholesalers, but I buy from many. This way, I am always cross-checking who has the best price and quality as they tend to vary widely.
As a small business owner, you are going to have to wear a few hats. Therefore it is important that you learn business skills such as accounting, budgeting, design, etc. Let’s take a look at a general timeline for what you need to do to start your wine delivery hong kong business.