ONLINE WINE SALES
      DIFFERENT APPROACHES


           PRESENTED
               BY
PRESENTATION OVERVIEW




  1                           2                           3                          4
ABOUT                     YEAR 1                     YEAR 2                         KEY
WOTR                       REVIEW                       PLAN                    PRACTICES




      THE	
  PRESENTATION	
  WILL	
  BE	
  COVERING	
  THE	
  ABOVE	
  TOPICS	
  
ONLINE WINE SALES



                  1


     ABOUT
WINE ON THE ROCKS

     PRESENTED BY FINKUS BRIPP
ONLINE WINE SALES




WWW.WINEONTHEROCKS.COM
ONLINE WINE SALES




                     WINE ON THE ROCKS
                         ONLINE WINE SHOP - GERMANY	
  
                    -­‐ Launched	
  in	
  December	
  2011	
  
                    -­‐	
  ConcentraDng	
  on	
  B-­‐Side	
  wines	
  (imporDng	
  
                    wines	
  not	
  available	
  in	
  German	
  market)	
  
                    -­‐	
  Wine	
  selecDon	
  from	
  distributors	
  who	
  
                    cater	
  to	
  restaurants	
  
                    -­‐	
  No	
  price	
  dumping	
  
                    -­‐	
  No	
  use	
  of	
  wine	
  criDc	
  points	
  
                    -­‐	
  Urban	
  design	
  
                    -­‐	
  External	
  logisDcs	
  partner	
  
                    -­‐	
  Promo	
  methods:	
  NewsleRer	
  markeDng,	
  
                    word	
  of	
  mouth	
  and	
  offline	
  events	
  
ONLINE WINE SALES



                 2


Year one in review


     PRESENTED BY FINKUS BRIPP
ONLINE WINE SALES




YEAR ONE IN REVIEW
             BREAK-EVEN                                        PARTNER INTEREST                                 FINKUS COLLECTION
 The	
  break-­‐even	
  point	
  was	
                   Though	
  the	
  Wine	
  On	
  The	
  Rocks	
     The	
  first	
  Finkus	
  CollecDon	
  was	
  
 reached	
  within	
  the	
  first	
  year	
              Shop	
  is	
  a	
  small	
  online	
  wine	
      launched	
  in	
  June	
  2012	
  –	
  two	
  
 and	
  this	
  was	
  done	
  with	
  a	
  €	
  0	
     merchant,	
  interest	
  to	
  be	
  listed	
     red	
  Douro	
  blends	
  named	
  Lolita	
  
 adverDsing	
  	
  budget.	
                             by	
  producers	
  and	
  established	
           &	
  MILF	
  made	
  in	
  co-­‐op	
  with	
  
                                                         importers	
  was	
  very	
  high.	
               Quinta	
  do	
  Popa	
  –	
  and	
  sold	
  out	
  
                                                                                                           in	
  less	
  than	
  three	
  months.	
  They	
  
                                                                                                           were	
  only	
  sold	
  in	
  the	
  WOTR	
  
                                                                                                           shop	
  and	
  in	
  the	
  Dudes	
  Factory	
  
                                                                                                           in	
  Berlin…	
  an	
  urban	
  art	
  gallery!	
  
ONLINE WINE SALES



               3


Year TWO PLAN


   PRESENTED BY FINKUS BRIPP
ONLINE WINE SALES




    YEAR TWO PLAN
     OFFLINE TASTING ROOM                                     PARTNERING                              FINKUS COLLECTION EXPANSION


In	
  order	
  to	
  make	
  the	
  WOTR	
      Due	
  to	
  the	
  posiDve	
  feedback	
        The	
  Finkus	
  CollecDon	
  Douro	
  
brand	
  more	
  “tangible”,	
  the	
           and	
  interest	
  on	
  the	
  part	
  of	
     wines	
  are	
  being	
  distributed	
  
WOTR	
  TasDng	
  Room	
  was	
                 producers	
  and	
  importers,	
                 internaDonally	
  (400%	
  growth)	
  
opened	
  in	
  Munich	
  in	
  December	
      WOTR	
  will	
  begin	
  offering	
               and	
  the	
  2nd	
  CollecDon:	
  Missy	
  &	
  
2012.	
  MeeDng	
  the	
  consumers	
           promoDonal	
  space	
  on	
  the	
               Mrs	
  Greenjeans,	
  whites	
  from	
  
personally	
  helps,	
  guaging	
               pladorm	
  to	
  partners	
  who	
  share	
      Kamptal,	
  Austria	
  in	
  co-­‐op	
  with	
  
drinking	
  &	
  purchasing	
  habits	
         the	
  same	
  philosophy.	
                     Fred	
  Loimer,	
  will	
  be	
  launched	
  in	
  	
  
via	
  direct	
  feedback	
  and	
  helps	
                                                      April	
  2013.	
  
brand	
  building.	
  
ONLINE WINE SALES




    YEAR TWO PLAN
              TASTING KITS                                CONSUMER EVENT                                      CONSUMER’S CHOICE

WOTR	
  will	
  be	
  concentraDng	
           A	
  large	
  consumer	
  tasDng	
  &	
               In	
  conjuncDon	
  with	
  tasDng	
  
very	
  much	
  on	
  wine	
  educaDon	
       sales	
  event	
  in	
  Munich	
  is	
  being	
       events	
  in	
  the	
  WOTR	
  TasDng	
  
and	
  launching	
  a	
  variety	
  of	
       planned	
  for	
  the	
  end	
  of	
  2013.	
  	
     Room,	
  consumers	
  will	
  be	
  
tasDng	
  kits	
  accompanied	
  by	
  a	
                                                           invited	
  to	
  taste	
  and	
  rate	
  wines	
  
custom	
  wine	
  tasDng	
  system	
                                                                 which	
  will	
  then	
  be	
  listed	
  in	
  the	
  
and	
  video	
  series.	
                                                                            shop.	
  
ONLINE WINE SALES



              4


KEY PRACTICES


  PRESENTED BY FINKUS BRIPP
ONLINE WINE SALES




            KEY PRACTICES
            BRAND BUILDING                                      PHILOSOPHY                                                 QUALITY

In	
  order	
  to	
  build	
  consumer	
         CompeDDon	
  in	
  the	
  wine	
  world	
           As	
  an	
  independent	
  wine	
  
trust,	
  it’s	
  imperaDve	
  that	
  a	
       has	
  never	
  been	
  higher	
  and	
  with	
     merchant,	
  WOTR	
  prides	
  itself	
  
clear	
  and	
  concise	
  message	
  be	
       so	
  many	
  companies	
  selling	
                on	
  offering	
  quality	
  products	
  at	
  
communicated.	
  If	
  you	
  share	
  the	
     wine,	
  it’s	
  important	
  to	
                  a	
  fair	
  price,	
  even	
  at	
  the	
  mid	
  to	
  
same	
  core	
  values	
  as	
  your	
           concentrate	
  on	
  the	
  WHY	
  rather	
         high-­‐end.	
  We	
  cater	
  to	
  the	
  niche	
  
customers,	
  you	
  won’t	
  have	
  to	
       than	
  the	
  WHAT.	
  Philosophy	
  is	
  a	
     and	
  not	
  to	
  the	
  masses.	
  
take	
  part	
  in	
  the	
  price	
  war.	
     strong	
  branding	
  tool.	
  
ONLINE WINE SALES




             KEY PRACTICES
                EXPERIMENT                               DON’T SWIM WITH SHARKS                                   PUSH THE ENVELOPE

When	
  it	
  comes	
  to	
  the	
  way	
  you	
     As	
  a	
  100%	
  independent	
  wine	
           Don’t	
  be	
  afraid	
  to	
  try	
  
communicate,	
  display	
  products,	
               merchant,	
  it’s	
  not	
  suggested	
            something	
  new	
  and	
  what	
  may	
  
offer	
  rebates	
  etc.,	
  don’t	
  be	
            you	
  start	
  off	
  by	
  swimming	
  with	
     be	
  perceived	
  as	
  “going	
  too	
  far”.	
  
afraid	
  to	
  experiment.	
  This	
  gives	
       the	
  sharks	
  in	
  your	
  market.	
           For	
  anyone	
  looking	
  to	
  do	
  
you	
  insight	
  in	
  to	
  how	
  clients	
       Instead,	
  concentrate	
  on	
  carving	
         something	
  new	
  in	
  the	
  wine	
  
react	
  to	
  various	
  methods	
  and	
           out	
  your	
  own	
  niche	
  by	
                world,	
  there’s	
  never	
  been	
  a	
  
with	
  Dme,	
  helps	
  you	
  be	
  more	
         swimming	
  in	
  sDller	
  waters	
               beRer	
  Dme…	
  the	
  rewards	
  are	
  
efficient	
  in	
  raising	
  conversion	
             before	
  moving	
  into	
  rougher	
              definitely	
  there.	
  
rates.	
                                             waters.	
  
ONLINE WINE SALES




THANK YOU
   FOR YOUR ATTENTION




  KEEP ON KEEPIN’ ON!
STAY IN TOUCH



                  FACEBOOK                                                                                           WINE ON THE ROCKS SHOP
WWW.FACEBOOK.COM/WINEONTHEROCKS                                                                                      WWW.WINEONTHEROCKS.COM




                      TWITTER                                                                                        WINE ON THE ROCKS TV
 WWW.TWITTER.COM/WINEONTHEROCKS                                                                                      WWW.WINEONTHEROCKS.TV



                           VIMEO                                                                                     FINKUS BRIPP
   WWW.VIMEO.COM/WINEONTHEROCKS                                                                                      WWW.CREATIVE-WORX-MEDIA.COM




                                EMAIL:	
  INFO@CREATIVE-­‐WORX-­‐MEDIA.COM	
  -­‐	
  FON:	
  +49.89.4209	
  544	
  770	
  
                 WINE	
  ON	
  THE	
  ROCKS	
  c/o	
  THE	
  FINK	
  TANK	
  –	
  LINDWURMSTR.	
  135	
  INNENHOF	
  –	
  D-­‐80337	
  MUNICH	
  

#WBIS - Session 2 Presentation - Different Approaches to Online Wine Sales by Finkus Bripp

  • 1.
    ONLINE WINE SALES DIFFERENT APPROACHES PRESENTED BY
  • 2.
    PRESENTATION OVERVIEW 1 2 3 4 ABOUT YEAR 1 YEAR 2 KEY WOTR REVIEW PLAN PRACTICES THE  PRESENTATION  WILL  BE  COVERING  THE  ABOVE  TOPICS  
  • 3.
    ONLINE WINE SALES 1 ABOUT WINE ON THE ROCKS PRESENTED BY FINKUS BRIPP
  • 4.
  • 5.
    ONLINE WINE SALES WINE ON THE ROCKS ONLINE WINE SHOP - GERMANY   -­‐ Launched  in  December  2011   -­‐  ConcentraDng  on  B-­‐Side  wines  (imporDng   wines  not  available  in  German  market)   -­‐  Wine  selecDon  from  distributors  who   cater  to  restaurants   -­‐  No  price  dumping   -­‐  No  use  of  wine  criDc  points   -­‐  Urban  design   -­‐  External  logisDcs  partner   -­‐  Promo  methods:  NewsleRer  markeDng,   word  of  mouth  and  offline  events  
  • 6.
    ONLINE WINE SALES 2 Year one in review PRESENTED BY FINKUS BRIPP
  • 7.
    ONLINE WINE SALES YEARONE IN REVIEW BREAK-EVEN PARTNER INTEREST FINKUS COLLECTION The  break-­‐even  point  was   Though  the  Wine  On  The  Rocks   The  first  Finkus  CollecDon  was   reached  within  the  first  year   Shop  is  a  small  online  wine   launched  in  June  2012  –  two   and  this  was  done  with  a  €  0   merchant,  interest  to  be  listed   red  Douro  blends  named  Lolita   adverDsing    budget.   by  producers  and  established   &  MILF  made  in  co-­‐op  with   importers  was  very  high.   Quinta  do  Popa  –  and  sold  out   in  less  than  three  months.  They   were  only  sold  in  the  WOTR   shop  and  in  the  Dudes  Factory   in  Berlin…  an  urban  art  gallery!  
  • 8.
    ONLINE WINE SALES 3 Year TWO PLAN PRESENTED BY FINKUS BRIPP
  • 9.
    ONLINE WINE SALES YEAR TWO PLAN OFFLINE TASTING ROOM PARTNERING FINKUS COLLECTION EXPANSION In  order  to  make  the  WOTR   Due  to  the  posiDve  feedback   The  Finkus  CollecDon  Douro   brand  more  “tangible”,  the   and  interest  on  the  part  of   wines  are  being  distributed   WOTR  TasDng  Room  was   producers  and  importers,   internaDonally  (400%  growth)   opened  in  Munich  in  December   WOTR  will  begin  offering   and  the  2nd  CollecDon:  Missy  &   2012.  MeeDng  the  consumers   promoDonal  space  on  the   Mrs  Greenjeans,  whites  from   personally  helps,  guaging   pladorm  to  partners  who  share   Kamptal,  Austria  in  co-­‐op  with   drinking  &  purchasing  habits   the  same  philosophy.   Fred  Loimer,  will  be  launched  in     via  direct  feedback  and  helps   April  2013.   brand  building.  
  • 10.
    ONLINE WINE SALES YEAR TWO PLAN TASTING KITS CONSUMER EVENT CONSUMER’S CHOICE WOTR  will  be  concentraDng   A  large  consumer  tasDng  &   In  conjuncDon  with  tasDng   very  much  on  wine  educaDon   sales  event  in  Munich  is  being   events  in  the  WOTR  TasDng   and  launching  a  variety  of   planned  for  the  end  of  2013.     Room,  consumers  will  be   tasDng  kits  accompanied  by  a   invited  to  taste  and  rate  wines   custom  wine  tasDng  system   which  will  then  be  listed  in  the   and  video  series.   shop.  
  • 11.
    ONLINE WINE SALES 4 KEY PRACTICES PRESENTED BY FINKUS BRIPP
  • 12.
    ONLINE WINE SALES KEY PRACTICES BRAND BUILDING PHILOSOPHY QUALITY In  order  to  build  consumer   CompeDDon  in  the  wine  world   As  an  independent  wine   trust,  it’s  imperaDve  that  a   has  never  been  higher  and  with   merchant,  WOTR  prides  itself   clear  and  concise  message  be   so  many  companies  selling   on  offering  quality  products  at   communicated.  If  you  share  the   wine,  it’s  important  to   a  fair  price,  even  at  the  mid  to   same  core  values  as  your   concentrate  on  the  WHY  rather   high-­‐end.  We  cater  to  the  niche   customers,  you  won’t  have  to   than  the  WHAT.  Philosophy  is  a   and  not  to  the  masses.   take  part  in  the  price  war.   strong  branding  tool.  
  • 13.
    ONLINE WINE SALES KEY PRACTICES EXPERIMENT DON’T SWIM WITH SHARKS PUSH THE ENVELOPE When  it  comes  to  the  way  you   As  a  100%  independent  wine   Don’t  be  afraid  to  try   communicate,  display  products,   merchant,  it’s  not  suggested   something  new  and  what  may   offer  rebates  etc.,  don’t  be   you  start  off  by  swimming  with   be  perceived  as  “going  too  far”.   afraid  to  experiment.  This  gives   the  sharks  in  your  market.   For  anyone  looking  to  do   you  insight  in  to  how  clients   Instead,  concentrate  on  carving   something  new  in  the  wine   react  to  various  methods  and   out  your  own  niche  by   world,  there’s  never  been  a   with  Dme,  helps  you  be  more   swimming  in  sDller  waters   beRer  Dme…  the  rewards  are   efficient  in  raising  conversion   before  moving  into  rougher   definitely  there.   rates.   waters.  
  • 14.
    ONLINE WINE SALES THANKYOU FOR YOUR ATTENTION KEEP ON KEEPIN’ ON!
  • 15.
    STAY IN TOUCH FACEBOOK WINE ON THE ROCKS SHOP WWW.FACEBOOK.COM/WINEONTHEROCKS WWW.WINEONTHEROCKS.COM TWITTER WINE ON THE ROCKS TV WWW.TWITTER.COM/WINEONTHEROCKS WWW.WINEONTHEROCKS.TV VIMEO FINKUS BRIPP WWW.VIMEO.COM/WINEONTHEROCKS WWW.CREATIVE-WORX-MEDIA.COM EMAIL:  INFO@CREATIVE-­‐WORX-­‐MEDIA.COM  -­‐  FON:  +49.89.4209  544  770   WINE  ON  THE  ROCKS  c/o  THE  FINK  TANK  –  LINDWURMSTR.  135  INNENHOF  –  D-­‐80337  MUNICH