IkaVina Wine and Spirits, LLC: The Game Plan

Strategy: How Do I intend to Get This Done

To say that I have been working on this plan for a couple of years is an understatement; I basically got the idea to do it in 2010. Over the years I have met enough people to show me different parts of the puzzle as well as answer some important questions for me. While I looked at two potential deals in 2011, I got to see the shadiness of some folks in the wine industry.

Right now, there are connections in place with a number of producers that will private label for the company. This means that they produce wine already and just are contracted to churn out a label for us. This is pretty much standard and very common in the industry and you'd be surprised by how many labels are done this way. In the end, producers have wine that they want to sell, and they're happy to sell it, though the might save their best wine for their own label.

We intend to start distribution in DC, focused on clubs, bars, restaurants and retail outlets that cater to our demographic (I am already licensed for that market). We are then looking to expand to Maryland and Virginia almost immediately and then Pennsylvania, Delaware and the Atlanta market within another six months.

Demographics: Our Market

Our core demographic consists of African Americans, Latino Americans, and Asian Americans, with increased focus on women. The reason why I have chosen this group is that they are virtually untapped when it comes to the wine market. Sure, they do purchase wine but either not as much as the mainstream market, or they purchase more mass produced and mass marketed wines, and these wines are really the best examples of the styles of the varietals that are on the label.

This demographic is teeming with people who can be willing to explore new things but in some cases are taken aback by the pretentious attitudes and actions exhibited by others who [supposedly] are astute on wine. No one really wants to either feel like a child or be treated like one, but the industry can make them feel that way with talk consisting of phrases like "tannins" and "sur lees." And on the side of the educators, many have given up on trying to penetrate this market. Wine is a finite thing and people are going to go for the group that is most likely to spend their money on it. Unfortunately, right now the larger companies are either only interested in either pushing the things that the bulk of this demographic are more readily picking up [which is usually sweet] or not interested in developing this market at all.

But I am!

This market has a combined annual discretionary spending budget exceeding 2.4 trillion dollars. And I know that if presented with better products as well as spending the time to develop their wine palates, they will change the face of the American wine market. Remember that at one time no one thought that wines coming out of California could compete on the world stage, especially not be as good as those coming out of France.

The Products