Research shows while the consumption of large quantities of alcohol has gone down, many individuals are looking for better spirits and wines to consume. The market for super premium spirits, wines, and beers have grown.
This is a great market for small businesses to tap into. Locally you can provide a place to purchase these items. This will be particularly successful in areas where there are none or few businesses which sell these items. Individuals who are looking for these types of goods want selection and an atmosphere that is conducive to spending the type of money they are willing to spend, to enjoy a premium alcoholic beverage.
You can further enhance your business by providing education to individuals one where the item comes from, history behind it, etc. You can also host a wine tasting and gatherings which individuals enjoy attending to learn more about local and international wines and other spirits.
If you want to corner even more of this market you can begin producing your own type of these items. Locally brewed beer has been enormously popular throughout many areas of the United States, as has locally produced wines from local wineries. Though the startup cost on such an endeavor may be large, if you produce a quality item, you may be able to garner some of the 10% increase that is forecasted to grow in this market.
Starting a small business doing your research and finding areas of the market such as this which is growing and predicted to grow is imperative. Even if you aren’t interested in this area, remember to read the trends and figure out what people are interested in and where interest is likely to grow.
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