Getting Started in the Wine Business

Greetings and welcome to episode 231 of The Entrepreneurial You podcast. Today's episode is with Anthony Zhang, co-founder of Vinovest. Vinovest is a platform that is democratizing access to fine wine investing. Anthony is a repeat entrepreneur who successfully built and sold two companies, EnvoyNow and KnowYourVC, by the age of 22. He has also held leadership positions at cryptocurrency platform, Blockfolio and is a board member at RateMyInvestor. Here is our conversation on "Getting Started in the Wine Business.” Here are three reasons why you should listen to the full episode:  Learn about Wine Investing and how it can work for you Learn about Venovest and how it could help you on your Wine Investment journey. Get professional recommendations on some of the best players in the wine market and some tips on how you can get more into wine.  Episode Highlights   Wine Investing  Wine investing is the process of buying and storing wine and then selling it as it appreciates over time. Venovest is one of the premier wine investing platforms. Vinovest goes as far as to help investors pick wines that are good for investment, store the wine, insure it, and help you to monitor the market prices and trends for you to get the best returns on your investment.    The Golden Keys to Wine Investing  Before you can start investing, there are a few things you NEED to pay attention to; Ageability - Wine with long aging ability allows investors to hold on to it for longer and make more from this investment.  Supply and Demand - The less of an available product, the higher the selling price. Therefore, Wine Investors usually look for wines that are not very popular as the remaining supply is more valuable.  Brand Value - Some wines are considered more luxurious than others, as such the prices and long-term returns will reflect that.    If a Wine investor can tap into all three of these aspects, they will see greater returns on their investment.    Investment  takes  a little time    When  Wine Investing it  will take a while for investors to see returns on their investment because:   Wine takes time to age and, the older it is the greater the returns;  Wine Investment is a stable investment, the returns may sometimes be slow but, they are sure and safe.    Before a person starts  Wine Investing they should;.  Do  Research; Make a Budget for the amount they want to invest and assess the risks; LET IT GO!  Have patience and give it time for the investment to start making its returns.    Is this Risky Business?  There is little regulation when it comes to Wine Investing therefore; investors have to look out for a few things such as: Fraud - Be careful who you buy your wine from and do not trust third parties unless you know exactly who they are. It is best to order your wine straight from the winery.  Insurance - Wine needs to be properly stored however, the change in climate and day-to-day handling of the wine can cause damage or loss so investors must have insurance and proper storage for their investment.    3 Powerful Quotes from This Episode   “There are a lot of things that you can invest in outside of the stock market.” “ The key to being able to narrow the wealth gap in the world  is for everybody to have access to the same wealth creation opportunities.”  “Wine investing is a long-term investment.”   About Anthony Zhang  Anthony Zhang is the co- founder  and CEO of Vinovest. Zhang is a repeat entrepreneur who has previously founded and sold two... Learn more about your ad choices. Visit megaphone.fm/adchoices