Are you a wine lover and want to start a wine business in 2023? You can easily go from wine passion to wine profession with the right business plan and idea. From a wine consultant to a skilful wine producer, it has a little something for everyone. It`s all matter of your personal expectations and preferences. Here are the top 10 profitable business ideas you can try in the wine industry.
1. Wine Taster
This is an excellent business idea for working online and on-site. To become a wine taster you first need to be an expert in wine and how it is made. The rule of thumb for all wine-tasting consultants are the 5 s`s: see, swirl, sniff, sip, and savour.
In other words, you must have the finest taste in wine aromas, flavours, complexity and structure. However, for people who are passionate about wine this would not be a job, but a pleasure!
2. Wine Influencer
Today, making money as a social media influencer is extremely popular and affordable. For wine enthusiasts, this can be the best job ever! All you need to do is find your perfect social media platform and promote what you know. With just a little investment and some online research, of course, you can start your own wine business or get paid for promoting someone else`s business.
3. Create a Social Media Network for Wine Lovers
As “online” is the new normal now, creating a web or fan page on Facebook, Instagram or Twitter can be a brilliant business idea. You can start a social media group where wine enthusiasts from around the world can gather and share their experience and review of wine and wine tasting. This can open a whole new world of ideas and opportunities to grow and expand your business. It will just take a little time and patience.
4. Wine Gift Baskets
The holiday season is a great time to start a wine business when friends and families are gathering to celebrate love and life. Who can say no to a wine gift basket? People often struggle with choosing the right wine for a present or as a simple act of courtesy. Now, you can make things easier! For instance, you can create wine gift baskets with wine and cheese or chocolate pairings. Also, you can use your imagination and make wine cases with the best wines from the best producers. Just make sure to know all the wine characteristics and wine and food pairings.
5. Open a Wine Shop
According to statistics, the estimated wine marketing size reached US$ 513.8 Bn in 2022 and is expected to outreach US$ 840 Bn in 2023. The growing wine demand worldwide paves the way for building a wine business that works. You can start by opening a small wine store that hopefully you can expand in time. Although this largely depends on your budget and assets, make sure to choose the right location and start with the right wine selection.
6. Online Wine Shop
While a street-side business is a more serious investment, an online wine store is a great way to start. After a well-researched business plan, you can create an online winery and start your marketing campaign. Proper advertisement is essential for every business`s success, you can also consult a marketing expert to help make a good start. Also, a good wine offer is of vital importance.
7. Own a Vineyard
A number of wine enthusiasts dream about owning their own vineyard where they can indulge in the art of making wine. You can cultivate and sell different types of grapes to the big wine houses and come up with a spectacular profit. This takes a high investment and excellent farming experience.
8. Wine Producer
Wine-making is probably the most desired profession in the world of wine. If you have enough assets, build a wine-producing business. You can make wine from your own vineyard or buy from vintners and then add your personal finesse and label. Finally, sell to retailers or wholesalers.
Wine production is a serious business and takes a lot of effort, time, and hard work. Before you go with the vinification business, go through the entire equipment and every small detail you need to obtain. If still seems like a good idea, go for it!
9. Wine Exporter
Wine export is another attractive business in the wine industry. You can choose areas with small or no wine supply and mark your target. Also, you can do research about the type of wine and prices people are willing to pay in the targeted area.
10. Wine Tour Guide
If you have a good knowledge of wine production and wine estates in your country, you can easily become a wine tour guide. For example, you can work for a specific winery that hosts wine-tasting tours, or you can take organised wine groups to different wine estates throughout your country or abroad. If you want to become a top-notch wine tour guide, you need to be familiar with the history and the winemaking process of each winery respectively.
“The discovery of a wine is of greater moment than the discovery of a constellation. The universe is too full of stars.”
― Benjamin Franklin
If you still can`t make up your mind about your business idea, have a glass of fine wine and relax. The taste and smell of the wine will help you decide. Enjoy!