I love craft beer. My friends and family would call it an obsession. It's no secret around the office that I want to eventually be an entrepreneur, creating and selling my own beer for a living. And like any good entrepreneur, I've been doing my homework.
It's so much more than just drinking beer though. In fact, that really isn't a part of it. If you just love beer, it's a lot easier to go find a six-pack and drink that than to make some on your own... which is infinitely easier than trying to do that for a living.
Through my journey reading trade magazines, online forums, articles, blogs and anything else I can get my hands on, I realize as I talk to my customers about the craft beer industry, I have gained valuable insights about marketing in general that can help them in their own businesses. You don't have to be a brewer to find these lessons helpful:
Lesson 1: Find a niche and fill it. Nearly half of the US Beer market is owned by AB Inbev, the company that most of you know as Anheuser-Busch (aka Budweiser). You may not know that MillerCoors also accounts for over 30% of the market. That leaves less than 20% for the rest. And yet, craft beer consumption is on the rise while nearly every beer line owned by AB Inbev and MillerCoors reported between 2-8% drops last year in sales. Why? Craft breweries are targeting very specific niche markets not currently served by the big boys. Your small business may never be able to compete with Microsoft if you create software, but you can find your niche and grow.
Lesson 2: Being the biggest isn't everything. Granted, we all want security, but for many of us, doing something you love is just as important as being the best at it. The big beer companies are purchasing many small breweries, because they love what they do and do it well. I can tell you, the people behind the label get a pretty penny at the time of sale. You don't have to be the biggest company to cash in!
Lesson 3: Branding is everything. On of my favorite things about craft beer are the labels. Great microbreweries have amazing labels, messaging, positioning, and brand personas. One of my favorites in Austin is Jester King. They have the greatest brand persona! They make their beer in a farmhouse in the Texas Hill Country. While I will admit, I don't think I'd say their beer flavor is my favorite; I keep buying it because I love their brand. Great companies build a brand that resonates with the people in their market and it earns them the right to keep selling to them.
Some day I plan to open a brewery. That day is a long way off, but I can say that the lessons we can learn as business owners and marketers from craft brewers are tremendous. In a market seemingly dominated by a handful of players, a small group is making headway against their competition. It really is a modern day David and Goliath story. Many days, I know I feel like David fighting against an army of Goliaths. If we can take some of these lessons from the breweries, we just may gain a stronghold in our own markets! Good luck and cheers!
There are a lot of aspects to good business marketing. Ranging from content development to brand building, business owners need to be knowledgeable in a wide range of topics to truly succeed. To get the latest trends and marketing know-how from a team with over 10 years experience, check out http://SMBMarketingIdeas.com.
Article Source: http://EzineArticles.com/?expert=Greg_D_Johnson
Article Source: http://EzineArticles.com/7517806
No comments:
Post a Comment