The wine industry's Donald Trump
Thursday, December 14, 2006
The wine industry has to be an amazing business as far as profits go. There's a stylish wine bar outside my window (notice the "Eola" name) and it's busy 7 days a week from about 5 PM - 2 AM. I would bet that 95% of the people (mostly yuppies) in there couldn't tell the difference between good wine and Costco wine (I know I can't). They end up spending $10 on a glass of wine and they think they got a good deal. Little do they know that the wine bar probably paid $10 for 2 bottles of wine.That being said, you have to check out Gary Vaynerchuk's Wine Library TV video blog. It's pretty hilarious. Vaynerchuk is the Director of Operations at the Wine Library, a bricks and mortar wine retailer in New Jersey. His video blog has become an internet phenomenon, and in the process he has turned the small, family owned wine retailer into a mult-million dollar buisiness.
posted by Michael Tavani @ 1:44 PM |
