When it comes to the liquor industry, the demand will always be higher. No matter whether it’s COVID-19 or holidays, liquor sells every day and counts as one of the most profitable businesses. According to Statista, In 2021, the global market size of the liquor industry was $1.49 trillion, and it’s expected to reach $2.27 trillion by 2025.
In today’s digital era, the liquor industry is adapting to the digital shift, and people started buying liquor from online ecommerce stores to get the delivery at their door.
So if you’re planning to set up an online liquor store to grow your business, then it’s the right time to set up your online store and make profits because the demand is always high.
In this guide, we will discuss everything about the liquor industry, its demand, the benefits of setting up an online liquor store, and how you can get your online liquor store in under 10 mins.
What is an Online Liquor Store?
Online Liquor Store is a specific e-commerce store that is used to sell varieties of liquor/alcohol over the internet. As compared to traditional liquor stores, the online liquor store is more profitable, scalable, and in-demand because you can sell an unlimited number of alcohol/wines, keep your store open 24/7 and sell alcohol worldwide.
Worldwide alcohol market capitalization will reach $2.27 trillion by 2025. The reason behind such a boom in the alcohol industry is that people now prefer to buy alcohol/wines from online stores. Online liquor store owners can sell alcohol anytime & anywhere because the whole world is their market.
Currently, online liquor stores are the most profitable business globally, and if you’re planning to set up your online liquor store, just wish for it and get your ecommerce store in under 10 mins.
8 Benefits of having an Online Liquor Store
During the lockdown, when liquor stores are closed, people buy alcohol from online liquor stores and get it delivered to their homes. This digital shift helps online liquor store owners to make huge profits and grow their business at high-speed. And now, many liquor store owners plan to sell alcohol online instead of running local liquor stores.
We’ve covered some main benefits of having an online liquor store that is not possible in local liquor stores. Let’s find out!
1. Your Online Liquor Store will be Open every day, 24/7
In a traditional liquor store, it runs until it is opened by the owner or their employees, which usually closes at night. But e-commerce helps online liquor store owners to keep their online store running every day, 24/7, without any human presence. Anyone can go to your online store and buy alcohol/liquor anytime.
2. Lower Investments
Many people want to open their liquor store but setting up a traditional liquor store requires a huge investment in building, furniture, employees, security, electricity, and many more expenses that are not easy to bear. But instead of having a traditional liquor store, you can set up an online liquor store that takes less investment because there are no expenses in online stores like in traditional liquor stores.
When you save this good amount of money, reinvest in your business and grow your online liquor store faster and easier.
3. No Inventory Limitations
While building a local liquor store, you need to manage inventory as per the space available in your store, but e-commerce stores have no limitations, and you can list an unlimited number of products without worrying about space. So you can list any alcohol/liquor customers want and sell it to the whole world.
4. The Whole World is your Customers
When you’re running a local liquor store, you can get in front of your nearby localities to promote your brand, but opening an online liquor store helps owners promote their premium liquor store in front of the whole world and increase sales and profits.
Online liquor stores can easily handle millions of customers coming on your website that surely not possible for an offline store to manage every customer separately.
5. Promote your Best-Selling Products
With online e-commerce stores, you can also promote your bestselling liquors and alcohol in your store, which catches customers’ attention and increases sales. In traditional stores, promoting any specific product becomes challenging.
It requires more money & effort to advertise, but e-commerce stores can easily put an eye-catching pop-up or banner to display best-selling products or leading brands on the online liquor store for more sales and conversions.
6. Consumer Data Analysis
One of the biggest benefits of having an online liquor store is analyzing consumer data. You can collect & analyze customer data from your online liquor store and see which brand or product customers mostly buy and where profits come from. It helps to make profitable strategies to promote only those liquors and alcohols that customers mostly want to save expenses and increase profits.
7. Flexibility to run Liquor Store from Anywhere
Online liquor stores allow owners to manage their store from anywhere in the world, just requiring a laptop and good internet. Compared to traditional stores, where owners need to manage complete stores and hire employees for different purposes, online liquor stores have no such demand. You can handle entire store operations without any employees.
Online liquor stores automate most processes so customers can easily go to your online liquor store, choose the liquor/alcohol and make the payment without any human interaction.
8. Save Customers Time & Money
The traditional liquor store is one of the most crowded places because of its high demand, and this crowd makes many customers change their mood to buy some other day and affects the sales. Online liquor stores can handle millions of customers together and help store owners make huge profits by selling liquors without limitations. Customers also prefer to buy alcohol/liquor through online liquor stores because they can order anytime & anywhere without waiting in a queue and get delivery at the door.
These are the eight main benefits of having an online liquor store instead of a traditional one. Surely these are eye-opening for local shop owners to switch to online liquor stores and grow their business rapidly.
Now the question arises:
How can I build my online liquor store in under 10 minutes?
If you’re excited to start your online liquor store, then we’re here to help you to set up your online liquor store in under 10 mins. But How?
You just need to spend your next 10 mins with Esplanda and get your online liquor store with “.com,” & an application that is ready to sell an unlimited number of products all over the world with payment options, pickup or delivery, tracking orders, and all-in-one Dashboard for owners to manage the entire online liquor store operations.
Follow the step-by-step process to get your online liquor store in under 10 mins:
Step 1 – Go to Esplanda.com
Step 2 – Now choose “OurLiquorStore“
Step 3 – Create your account by filling in all the required details related to your online liquor store and clicking on the “Get Started” button.
Step 4 – Set up your inventory, payment details, and license.
Step 5 – Submit the details.
Congratulations! Your e-commerce store will be ready in under 10 mins.
Why should I choose Esplanda to build my online liquor store?
Well, there are several benefits of working with Esplanda, but we’ve some main benefits to choose us:
- You’ll get your premium online liquor store with “.com” and application in under 10 mins.
- We offer the first two months of free trial to run your online liquor store.
- Excellent 24/7 customer support.
- Complete customization as per brand looking.
- Provide an all-in-one Dashboard to manage the entire liquor store in one place.