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Partner at Tincknell & Tincknell, Inc.

Pricing Wine https://lnkd.in/gqEN6xbp This is an interesting article by Esther Mobley in the "San Francisco Chronicle" about wine pricing. As anyone in the industry knows, pricing wine is a lot more complicated than, as a consultant in the article said, tasting it and naming a price. It is critical to know that pricing depends on three factors: the underlying cost of sales, factoring in the three-tier sales channel (yes, even for direct-to-consumer wines), and finally value: the trust proposition that wineries build over time by balancing price, quality, and consumer satisfaction (brand equity). Therefore, as in the article, some of those brands that found market pressure on their pricing were either not evaluating their value properly, or had not yet built the trust proposition that drives value. As for controlling price in the market, that is where factoring in the three-tier sales channel is important. Pricing through the three tiers can offer insight into the market dynamics your wine could face. More on wine pricing: https://lnkd.in/gCVqFcY

The secretive strategy behind Napa Valley’s priciest wines — and why some think it needs to change

The secretive strategy behind Napa Valley’s priciest wines — and why some think it needs to change

sfchronicle.com

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