The true story of how I built up Wine Library

20.6K views
•
April 29, 2014
by
GaryVee
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The true story of how I built up Wine Library

TL;DR

Wine Library grew through a sequence of stronger operations, e-commerce, SEO, search marketing, and eventually content marketing, not social media alone. WineLibrary.com launched in 1996, the business had already reached roughly $45 million before Wine Library TV began in 2006, and the new content tactics helped lift sales further while replacing millions of dollars in advertising costs. Read on for the corrected growth timeline and the strategy behind it.

Transcript

answer I you say in your bio that you helped to Rebrand your family liquor store to Wine Library um and then used social media to spread the word about the Wine Library and that helped grow the company from $4 million in sales to 60 million in about five years um is that like a direct correlation there or there's a lot of other things so I think th... Read More

Key Insights

  • 👨‍💼 Rebranding and utilizing social media can significantly contribute to business growth.
  • 🙈 Social media should be seen as part of an overall marketing strategy, not as a standalone solution.
  • 🥺 Incorporating content marketing can lead to continued growth and cost-cutting.
  • ❓ Early growth was achieved through operations and traditional marketing methods.
  • 😥 The launch of Wine Library TV was a turning point in driving growth and reducing expenses.
  • ◾ Social media offers an opportunity for small businesses to compete with bigger brands by saving on advertising costs.
  • 🔉 Entrepreneurs can benefit from leveraging social media to maximize their limited resources.

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Questions & Answers

Q: How did Wine Library grow from $4 million to $60 million in sales?

The growth did not come from social media alone. It began with better store operations, then gained momentum from WineLibrary.com, e-commerce, SEO, search marketing, and traditional media before Wine Library TV and content marketing helped move sales to the next level.

Q: Did social media alone drive Wine Library’s growth?

No. The speaker says the story is often muddled because social media did not exist when WineLibrary.com launched, and the business had already grown to roughly $45 million before Wine Library TV started.

Q: What was the timeline of Wine Library’s early growth?

The first three years beginning around 1996 were driven by operations and selling more on the store floor. Website momentum followed around 2000–2002, search marketing contributed during 2002–2004, and the business focused on improving those efforts in 2004–2005.

Q: When did WineLibrary.com launch?

WineLibrary.com launched in 1996. Its early online strategy included e-commerce, SEO, Wine-Searcher.com, and other forms of marketing rather than what would later be called social media.

Q: When did Wine Library TV start, and what changed afterward?

Wine Library TV started in 2006, when the business had already reached roughly $45 million in sales. It helped take the company to its next level while allowing continued growth with far less marketing spending.

Q: How did content marketing reduce Wine Library’s costs?

Content marketing replaced expensive advertising with newer tactics that required little or no comparable media spending. The speaker contrasts this approach with spending millions of dollars on commercials and full-page ads in The New York Times and The Wall Street Journal.

Q: Why does Wine Library TV receive so much credit for the company’s success?

Wine Library TV helped increase sales from an already substantial base while sharply cutting promotional expenses. That combination created what the speaker calls a double win: higher sales and a profit-and-loss benefit.

Q: What lesson does the Wine Library story offer entrepreneurs?

Entrepreneurs can use time and content-based tactics when they lack money for large advertising campaigns. The Wine Library experience showed that these methods could support growth while saving money on commercials and print ads.

Summary & Key Takeaways

  • The story of using social media to grow the Wine Library gets muddled, but it was not the sole factor in its success.

  • The initial boost came from traditional marketing tactics like e-commerce and SEO, as well as traditional media.

  • Content marketing and the launch of Wine Library TV played a significant role in further growth and cost-cutting.


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