Business of Wine
KICKSTART YOUR WINE BUSINESS EDUCATION
with Master of Wine Tim Hanni
All curriculum was developed by Master of Wine, Tim Hanni, over 30 years of instructing wine business classes to industry professionals.
Always-on, 24/7 web-based course teaches all essential business skills for producing and selling wine. Work at your own pace directly from this site!
The class synchronously surveys the key drivers and the necessary decisions from the vineyard, wine production, production/winery model options, then considerations of sales channels, distribution and getting a product into the wine market. This lesson format is designed for providing a deeper understanding of the entire supply chain and value chain from the grapes to the glass. The subjects of marketing, distributing and selling expands to include both a primary brand as well as a range of products, including options for export and negociant brands.
Each lesson makes use of our proprietary WineBizSim financial calculators to provide a realistic perspective of the costs associated with vineyard operations, cost of grapes, production, packaging, distribution, sales, marketing and running a tasting room or retail operation. These workbooks are very detailed and can be used as an educational tool, to run actual financials, or for forecasting purposes. As you are going through the coursework keep in mind that most wine education focuses on the 'aesthetics' of certain decisions and this course focuses on the supply chain (order in which things occur in the growing, making and selling of wine) and the value chain (what decisions are made that create a sense of worth to the product through the supply chain).
When you encounter certain practices, treatments or any element that you do not understand take time to research and learn more by conducting a simple internet search on the topic. You may be amazed by how effective this is for concurrently increasing your overall knowledge of the source of wine qualities and wine terminology.
NOTE: There is no course text per se. Reading assignments will be a combination of published papers, and news/hot topic articles that pertain to each lesson segment. Additionally, you will be asked to view additional videos and conduct simple activities that can be accomplished when shopping at stores (grocery stores, wine stores), winery visits (when/if possible) and dining in restaurants. These activities have you look at wine product selections, pricing and details you would not normally consider asking yourself, "how did this get here, what is the market for this wine, and how much did it cost to produce it?" Also strive to discuss the wine business, not your usual wine aesthetic discussions, with anyone and everyone you run into! There is not a time limit for any section or part of the course and it can be completed in a week for highly motivated students working several hours a day, or over a period of weeks or even months by anyone wishing to do the work over a longer time period.
Through a combination of video lectures, project-based learning, selected reading, and optional activities, students will be able to:
Welcome Intro
FREE PREVIEWIntro Video (1 of 2)
FREE PREVIEWIntro Video (2 of 2)
INTRO QUIZ
Intro to Workbooks and Supply / Value Chain
Lesson 1: Video 1 of 4
Lesson 1: Video 2 of 4
Lesson 1: Video 3 of 4
Lesson 1: Video 4 of 4
Lesson One Quiz
Lesson 2: Wine Marketing, Branding, Sales and Distribution
Lesson 2: Video 1 of 4
Lesson 2: Video 2 of 4
Lesson 2: Video 3 of 4
Lesson 2: Video 4 of 4
Lesson 2 - Required Reading
Lesson Two Quiz
Lesson 3 - Business of Grapes - Pricing, Factors and Supply Chain
Lesson 3 - Video 1 of 3
Lesson 3 – Video 2 of 3
Lesson 3 – Video 3 of 3
Lesson 3 - Required Reading
Lesson Three Quiz
Lesson 4: Wine Production Models - Cost of Goods, FOB Pricing and Wine Production Models
Lesson 4 - Video 1 of 4
Lesson 4 - Video 2 of 4
Lesson 4 - Video 3 of 4
Lesson 4 - Video 4 of 4
Lesson 4 - Video 4 of 4
Lesson 4 - Required Reading
Lesson 4 Quiz
Lesson 5: Winery Operations and Production Alternatives - Bulk, Blending and Negociants
Lesson 5 - Video 1 of 3
Lesson 5 - Video 2 of 3
Lesson 5 - Video 3 of 3
Topic 4 - Wine Blending Profitability Workbook Tutorial
Lesson 5 - Hands on Blending Exercise
Lesson 5 - Required Reading
Lesson Five Quiz
Lesson 6: Pricing, Sales Channels, and Distribution
Wine Pricing Calculator Tutorial
Lesson 6 - Video 1 of 2
Lesson 6 - Video 2 of 2
Lesson 6 Required Reading
Lesson 6 Quiz
Point of Purchase - Selling Wine to Consumers - Income Opty and DTC
Lesson 7 - Video 1 of 3
Lesson 7 - Video 2 of 3
Lesson 7 - Video 3 of 3
Lesson 7 Quiz
Exporting and Importing / Global Market and Wine Data
Lesson 8 - Video 1 of 2
Lesson 8 - Video 2 of 2
Required Reading
Lesson 8 Quiz
Feedback Survey
Congratulations on Completing the Business of Wine Course!
Tim Hanni, Master of Wine
Tim Hanni, MW, CWE is America’s first Master of Wine, Certified Wine Educator, Wine Industry Faculty, Napa Valley Wine Academy and an industry veteran with over 50 years of experience covering every facet of the wine industry. Hanni is recognized as an innovative researcher and wine educator whose wine and food principles have been adopted by the Wine & Spirits Education Trust in London. He is a Certified Wine Educator, currently teaches Wine Business at Washington State University and a past faculty member at Sonoma State University’s Wine Business Institute. He has been teaching online wine business programs for over 10 years