5 Tips for Starting Your Beverage Company

Beverage Company

Here is an article I wrote for Yahoo with quick tips to starting a beverage company.

If you need help starting your beverage company just contact us

Beverage CompanyStarting your own beverage company (Alcoholic and Non- Alcoholic Beverages) is simple, but beverage development, formulation, sales and distribution and strategy can be hard. Let us know if you need any help starting your beverage company.  We’ll be happy to set up an exploratory call to go over your beverage company ideas and project details.

Follow the link to the complete article: http://voices.yahoo.com/learn-top-5-strategies-beverage-entrepreneurs-12431410.html?cat=31

1. Develop your Unique Selling Proposition or USP

Yes, this is the number one rule and the most important one. Without something different, something of extra value, you’ll just be another copy-cat beverage. Your USP has to be what makes you different from the rest. Maybe you grow your own agave for your Tequila, or you have an online store with millions of visitors already. Now let me surprise you; taste, ingredients, product name and packaging are not your USP.

2. Start at the Finish Line

This might sound strange, but you don’t start with your beverage, you start with your consumer in mind. Your consumer will tell you everything you need to know about your new beverage including price points, where they buy (retailer), who is the best distributor for that channel, what ingredients they want, the business plan will practically write itself.

3. Nail Your Beverage Development

Don’t try to hurry through your beverage development process. Beverage development is not just a label and formula, you have to do the research, and I don’t mean looking it up online. I recommend that you follow a page from my playbook; call distributors and retailers to see what they think about your idea and the category, ask them what other similar products they have seen and their price points.

4. Ignore the Beverage Industry Status-Quo

Don’t just accept the status quo in beverage sales channels, selling to beverage distributors and placing your product in 7-Eleven, Circle K, Arco AM/PM, Walgreens, Kroger and other supermarkets, convenience stores and pharmacies. Think about it, your competitors, Coke, Pepsi, Monster, Red-Bull are all competing for the same space, however between all of them they’re billions and billions of dollars strong. Think outside the box, sell to the natural channel, direct response, or even multi-level-marketing, or market your product differently.

5. Hit the road

You won’t get a lot done by staying in the office, or playing with social media. The beverage business is a lot of fun, but it’s also all about hitting the pavement and talking with customers. Go to trade shows, visit stores, and engage customers on the street or in outdoor events such as street fairs or sporting events. Make sure you take plenty of samples and that you convert at least five new customers per day. Start your beverage company today!

 

Star your beverage company this year and contact us to schedule a call today.

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