How To Start Your Own Beverage Company

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How To Start Your Own Beverage Company – According to data from Allied Market Research, the global spirits market was valued at USD 1.439 billion in 2017 and is expected to reach USD 1.684 billion by 2025, with a CAGR of 2.0% during 2018-2025. The rapid growth of the global alcohol industry The drinks market comes from the development of the global youth, increased income and increased consumer demand for premium products. For this reason, although there are already many brands of alcoholic beverages on the market with a large share of customers in the market, the number of new businesses continues to increase. In this article, we will provide you with some tips on how to successfully start a spirits business.

Alcoholic beverages are fermented from fruit sugars, berries, grains, and other ingredients such as vegetable wax, root vegetables, honey and milk. Alcoholic beverages can be distilled to reduce the original liquid to a much more alcoholic liquid. Beer is the most popular beverage on the list of the world’s beverages, produced from malt. Beers range in alcohol from about 2 percent to about 8 percent. Meanwhile, wine is made by fermenting the juice of grapes or other fruits such as apples (cider), cherries, berries or plums.

How To Start Your Own Beverage Company

Not only in the drinks sector, all companies need a license to operate. For alcoholic beverage companies in particular, a license to trade in controlled substances such as alcohol is essential and requires companies to comply strictly. Here are some legal issues that companies need to pay attention to in the new phase of establishment and operation in the future.

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The number of liquor businesses in the market is huge. To avoid trademark infringement, your company must take several steps:

Registering your own company brand is one of the key steps in the process of preparing a new alcohol brand.

Additionally, businesses should review state and local liquor regulations to avoid legal issues during operations.

In Thailand, for example, companies cannot directly or indirectly promote the benefits of alcohol or promote its consumption. In Thailand, alcohol is only sold from 11 a.m. until 5 p.m. m to 2 p.m. m and from 5 p.m. until 7 p.m. m Outside of the above hours, the sale of alcohol is only allowed in international airports and legally registered entertainment venues. Violation is punishable by imprisonment for 6 months or 10,000 baht.

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Or in Victoria, USA, businesses must have a full license from the government to sell alcohol. If a minor is caught drinking alcohol in a public place, the authorities will notify the guardian and impose a fine. Previously, about one-third of the states in the United States established a liquor monopoly, while the remaining two-thirds established a private licensing system for the sale of alcohol. In monopoly states, the government regulates the purchase and sale of alcoholic beverages and the retail sale of spirits through its stores. Most of these states have a Bureau of Liquor Control (ABC) and operate liquor stores called ABC stores.

Registration of an operating license is mandatory for any business, not only in the beverage industry. However, for start-up companies, this topic should be a priority. The authorization process may take longer than you think. Therefore, many companies face the situation of not having an official operating license when verified by a management agency.

In the United States, the application process for a federal license can take several months. The specific permits required will vary from business to business. However, for alcoholic beverage manufacturers, the documents and procedures for registering a license will be much more complicated when the company needs to submit details of the production process, product materials and other issues related to excise duty.

Franchising means that a person or organization (called the franchisor) is allowed to market goods or services according to the franchisor’s proven business practices and methods in a specified area for a specified period of time, in return for a specified fee or percentage . income or profit.

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And brand franchising is similar to franchising, but you explicitly use the brand/name of a particular product or service to do business for a certain period of time with certain restrictions. The brand franchise business model is becoming more and more popular and widespread in many fields, such as restaurants, coffee shop, milk tea, fashion, spa, etc.

Franchise laws vary by country and location, making it difficult for suppliers or manufacturers to terminate relationships with distributors. If your new business is a franchise business, you should thoroughly research and learn about franchise classifications and procedures. It is also recommended to work only with reputable sellers in the market.

You cannot start a successful beverage business without a detailed and solid plan. By recognizing the strengths and weaknesses of your business, you can build and track your performance and measure your goals.

First and foremost, you need to understand your business. Let’s determine the available potential of your business and the advantages and disadvantages of participating in the beverage market.

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You need to clearly define your business goals in terms of content and time. For example, your business goal is to achieve $1 million in sales in the first year. Or your business goal is to become the fruit juice company with the largest market share in the next five years.

In addition, you must clearly describe the methods required to achieve the business goals. Product manufacturing, human resources, finance, marketing and communication strategies, etc. They will be the tools that help your business achieve bottom line results.

The more detailed the plans you make, the more convenient and smooth the future operation of the business will be.

Do not hesitate to contact the contract manufacturer. Most of the beverage companies that are new to the market face specific obstacles, especially in the production, distribution and advertising processes. Startups often have limited capital, communication methods are not really effective and are usually limited to small local campaigns. Furthermore, the ability to access fixed market segments and limited distribution further increase the barriers.

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The decision to work with a manufacturer is one of the most important decisions for a new business. This will influence many future decisions. With the wrong manufacturing partner, your production can be hindered by poorly maintained equipment or a partner who favors a larger customer. While these issues don’t have a huge impact on a large established company, they can make it difficult to even shut down a startup.

Your main concern should be the strategic location of the manufacturer. The manufacturer should be close to your target market as shipping costs can increase significantly if the manufacturer is located in your target area. In addition, you should also be interested in manufacturers that offer a wide range of products and services. In the future, as your company grows and expands your product line, your business will need packaging in different sizes and designs. A partner that can provide a wide range of products will help you minimize costs and facilitate future development.

Listening to the advice of industry leaders is essential, especially for those just starting out in the market. Local or national fairs and exhibitions are important events where you can meet and talk to entrepreneurs and big names in the drinks industry. For specific products, such as alcoholic beverages, companies must attend press conferences and seminars on legal issues and government regulations related to the alcoholic beverage trade.

Conferences and events in the beverage industry can be a place where you can get useful information and exchange ideas from leading industry experts and companies.

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In summary, the above article shared some tips on how to build a successful beverage business. Not only newcomers, but even established companies also face many obstacles in launching this particular beverage product.

To help Tan Do Beverage overcome many difficulties to start building its beverage brand, it provides services such as ODM (Original Beverage Design Manufacturing) and OEM (Original Equipment Manufacturer). With these services, you can get targeted and detailed support from brainstorming alcohol product concepts to manufacturing and launching products.

Tan Do is a global beverage ODM/OEM manufacturer and supplier based in Vietnam. Since 1996, we have built trust and credibility not only throughout Vietnam, but also in many parts of the world. Using the latest technologies, we have created thousands of products that comply with ISO, HACCP, HALAL, FDA and many other standards.

Hi! I am Lilian Nguyen. I am an expert in OEM, ODM, private label beverage industry with 8 years experience. I think it is important for companies to focus on the benefits that the product provides to the target customer and what it means to the community. When I’m not working, I blog about how to make healthy snacks and drinks and join a walking club. I am an expert in the beverage industry who was invited to work by Tan Do Beverage. I am in charge of publishing articles, research articles on the beverage industry or anything good to help readers gain insight into what they want to do, will do or are doing in relation to

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