Selling commodities is difficult because people buy on emotion, or instinct if you will. Want and desire are powerful emotions that can stimulate the release of endorphins. It's why some people are shop-a-holics. It feels good to buy. But it's not that easy to get emotionally worked up about borax, chlorine, and salt. As an economic good, a commodity has no real differentiation, so small price differences in competing products can make huge differences in total sales.
Friday, May 31, 2013
Why Sell Wine Based on Aroma and Taste?
Selling commodities is difficult because people buy on emotion, or instinct if you will. Want and desire are powerful emotions that can stimulate the release of endorphins. It's why some people are shop-a-holics. It feels good to buy. But it's not that easy to get emotionally worked up about borax, chlorine, and salt. As an economic good, a commodity has no real differentiation, so small price differences in competing products can make huge differences in total sales.
Monday, May 27, 2013
Successful Tasting Room Metrics
In our second live video broadcast of the year, we focused on the Tasting Room, Wine Clubs and Direct Sales with a panel of industry experts. The entire broadcast was supported by an extensive survey, with over 500 respondents taking part from across the US. The complete results from the survey were returned to the participants. This broadcast included participants from several countries, but primarily North America. Hopefully you were able to tune into the session live from the Silicon Valley Bank studios and participated in the discussion. If you weren't able, above is the YouTube link to the broadcast.
Please log in and comment for the community at the end of the transcript with any of your perspectives and suggestions for the next live broadcast.
Please log in and comment for the community at the end of the transcript with any of your perspectives and suggestions for the next live broadcast.
Saturday, May 18, 2013
Is Your Tasting Room Successful?
..... Are you kidding me? I had to work at holding my tongue.
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... and your rice pudding sucks |
The other day I stopped in at Wal-Mart to get some things. While checking out, a very large woman in very tight clothes came up from just outside the store and angrily told my cashier she lost her debit card after she paid. While I looked around the floor for the card the cashier said, "Yes, I remember you putting it back in an envelope" to which the woman replied, "Its not in there. I put it in the envelope but you rushed me to get out of line. You rushed me. I want to see your manager!"
..... Are you kidding me? I had to work at holding my tongue.
Sunday, May 5, 2013
The Dance of Grape Pricing
ABC. It's Easy As 1-2-3
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If you want to skip my meandering memories from 12 year olds first dance experience, you can skip down To The Point Now.
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