If you want to start your whisky business on a budget, here’s one of the best investment tips for you: grab a bottle of Jack Daniels! It’s one of America’s top picks and it costs the average shopper less than 30 bucks.
You can get your hands on Jack bottles at any liquor store across America, making it a breeze to stock up on products. And the coolest part is, Jack Daniels has a cult-like following of loyal consumers. So you have a ready-made market for your whisky when you get started.
But there’s more than just Jack to choose from. What if your buyers love Wild Turkey? Or maybe your customers are more into Jim Beam Bourbon.
Here’s some good news. With the right business plan, you can earn thousands from just about any whisky out there!
Keep reading for some investment tips that’ll help you become a thriving salesperson.
Sell a Whisky You Enjoy
If you’ve been drinking scotch for years and have developed a taste for one particular type of whisky, that’s your new investment opportunity. You can purchase a bottle of your favorite Scotch whisky and age it to increase its value.
Your investment can be as simple as buying a single bottle from your local liquor store and flipping it on eBay. Or if you’re feeling ambitious, create an online store where people can purchase bottles straight from you.
Buy Bottles From a Reputable Distillery
If you don’t know a distillery, it’s best not to make investments in its products. Trustworthy distilleries are great at keeping their products consistent, so you don’t need to stress about getting a bad bottle.
Bigger corporations are also faster to solve problems. Small producers or unknown brands might not have the resources to fix issues with their bottles.
Look For Limited Edition Releases
Limited edition whisky flavors are generally more expensive than regular releases. Their high price tag makes them more likely to increase in value.
Some limited-edition bottles even come with certificates of authenticity. You can use this document to jack up the price of your bottles.
Don’t Go Too Old or Too Rare
When you go for the oldest and rarest whisky, you’re putting yourself at risk. Most collectors don’t want to drink old bottles, so that leaves you with a small market of customers. If you go with an odd flavor, you face the same problem.
Stick to fan favorites to ensure you’re not stuck with bottles that nobody wants.
Play It Safe
If you’re not really into whisky, hold off until you know more about it. Give some different flavors and brands a try to find out what hits the spot for you. Once you figure out what makes a quality whisky bottle, learn which brands are selling like hotcakes.
Remember to stack your capital while you’re researching. When a can’t-miss deal pops up, you’ll be ready to jump on it.
Try These Whisky Investment Tips
If you’re ready to profit from your whisky collection, try these investment tips. Watch the secondary market for deals on your favorite brands. Keep an eye out for limited-edition bottles, too!
If you find a deal on whisky that’s too good to pass up, buy it. Then turn to our business section for tips on making your first sale and how to successfully market your whisky collection.
