Start A Wine Collector Business - Business Ideas

Updated: September 15th, 2022
Start A Wine Collector Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Wine collectors collect wine they hope will appreciate over time and sell it for a desirable profit. The wine collectors do not purchase the wines to consume them. They can sell the whole wine bottle or target wine enthusiasts who love tasting and tours.

Starting a wine collecting business is simple. Unlike some wine-related companies, you do not need a storage space to keep wine. You can operate a wine collecting business from home. All you need is a website where you can blog about old-age wine and target winery enthusiasts.

Starting a wine collector business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell wine collector, or selling wine collector online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$381B
starting costs
$18K
gross margin
90%
time to build
270 days

Startup Costs

Min Startup Costs Max Startup Costs

Employee & Freelancer Expenses

$151

$252

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Vehicle Expenses

$0

$10,000

Retail Business Expenses

$1,250

$6,650

Advertising & Marketing Costs

$75

$3,986

Software Expenses

$162

$2,720

Office Space Expenses

$0

$100

Specific Industry Expenses

$0

$500

Total Startup Costs

$2,461

$35,923

Successful Businesses

Business URL Rank

Buy Australian Wine Online

wineselectors.com.au

289,773

Lee County Tax Collector

leetc.com

339,734

The Wine Cellar Insider

thewinecellarinsider.com

470,798

Wine Connection

wineconnection.com.sg

482,360

The Boutique Adventurer: Luxury Adventure Travel Blog focussed on Emerging Destinations for those over 35

theboutiqueadventurer.com

575,140

PrimaSoft PC, Windows software for business and home PC users

primasoft.com

782,886

Windsor Vineyards

windsorvineyards.com

907,679

ROW 34

row34.com

991,293

Wine Cooling Units, Wine Storage Cabinets, Wine Racks & more

vintagecellars.com

1,087,019

90+ Cellars

ninetypluscellars.com

1,119,582

Hawaii Food & Wine Festival

hawaiifoodandwinefestival.com

1,652,982

Pros & Cons

Pros Description

Little startup costs required

The cost to start a wine collector business costs significantly less money than most businesses, ranging anywhere from 62 to 35,923.

Rewarding work

Starting a wine collector business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Pick & choose the clients you work with

Wine Collector Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Control of workload

With starting a wine collector business, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.

Gain exposure and experience

This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!

Cons Description

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Longer Sales Process

A wine collector business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Work can be inconsistent

As a wine collector business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a wine collector business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Taxes

As a wine collector business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

No safety net

Typically, as a wine collector business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.