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When Sales Slump, Go Social My Friend

By: Pia Mara Finkell  |   Follow me on Twitter: @piamara  |  

 THE BOOZE BIN

By Pia Mara Finkell (@piamara)

SOCIAL%20MEDIA%20TO%20MAKE%20MONEY

Based on a ‘Vint-ed’ post he wrote last month, Edward Deitch published an interesting article in Reuters today focusing on the stunning increase in social media use in the wine industry over the past year, mostly attributed to the effects of the economic downturn.

According to a recent survey conducted by the UC-Davis Graduate School of Management and the Wine Industry Financial Symposium Group® among California wine professionals (including wine producers, grape growers, distributors, retailers and others), the wine world is turning to mainstream social mediums, including Facebook, Twitter and blogs to help promote their brands and drive sales.

Here are some key findings from this study (comparing 2010 vs. 2009):

80% of the wine professionals use Facebook for business, up from 46% in 2009

64% use Twitter, up from 21%

52% write a company blog, up from 18%

41.5% use LinkedIn, DOWN from 60%

EvolutionToWineBloggingThis is an industry, like many others, that clearly appreciates the power of all things social. With sales slumping at all price points and competition from imported wines on the rise, it is clear the California wine industry is devoting significantly more resources to communicating with existing and potential customers in the social sphere.

According to Dean Robert Smiley of the UC Davis Graduate School of Management, those in the wine business are turning to social media during the down economy “in part because it is quite inexpensive. The challenge is to make use of it strategically without wasting time.”

The study also shows 54% of those surveyed felt Baby Boomers were the hardest hit in terms of wine sales. Social media would appear to be a good approach to reaching this audience.

Wine-TweetupAccording to a Mashable article on eMarketer’s Boomers and Social Media Report, Boomer usage of the social web is, well, booming. With more than 40% updating a social profile, up 15% from the prior year, and 73% maintaining a Facebook profile, wineries are apparently fishing in rich waters. Also interestingly, a mere  13% of Boomers are actively using LinkedIn, which paralleled the dramatic dip by nearly 20% of the surveyed California wine professionals’ using this social network. This perhaps demonstrates the industry’s value on their target consumer perception vs. networking with other industry members.

I suppose, also, there are only so many hours in the day, especially when you must first and foremost worry about making great wines.

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About Pia Mara Finkell: Pia Mara Finkell

With over a decade of experience in communications, Pia has a strong background in wine, beer and food public relations, marketing and promotional strategy. A vice president in CRT/tanaka’s Food & Beverage Practice, Pia oversees public relations, traditional and social media programs, strategic partnerships and program development for various beverage alcohol and food accounts, including the Wines of Rioja, Les Vins Georges Duboeuf and the Federation of Quebec Maple Syrup Producers. Her agency work has helped win various industry awards, including two Bronze Anvils, Silver Anvil, Bulldog Digital/Social (Gold and Silver), PR News Platinum, two PR News Digitals, Clarion, Big Apple, Commonwealth and a Telly. In recognition of her passion and client work, Pia also won the CRT/tanaka annual Whatcanbe Client Award in 2011. In 2010, Pia created the weekly BuzzBin column called 'The Booze Bin,' offering up interesting musings on the beverage alcohol industry and all things booze. Depending on the season, what she's cooking, and whether or not the Yankees are winning, Pia can be found toasting a glass or pint of something awesome.

 

One Response to "When Sales Slump, Go Social My Friend

  • Kyle lacy Says:
     

    I think all industries should be looking into social media. It’s a great way to interact and connect with customers. It really bridges the gap between the customer and the brand.

     
 

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