<#037> 7 reasons why the future of drinks industry insights sits at the bar.

<#037> 7 reasons why the future of drinks industry insights sits at the bar.
Photo by Ori Song / Unsplash

The drinks industry, an ever-evolving landscape of trends, presents opportunities and challenges for brands seeking to make their mark. In this fast-paced world, where innovation and consumer preferences dictate success, companies must gain valuable insights to stay ahead. While market research and internal analysis have their place, an often-overlooked goldmine of knowledge lies untapped – sitting at the bar. You know the adage too much analysis is paralysis.

The Power of Real-Time Insights:

As the founder of MAFFEO DRINKS, I have spent countless hours at the bar, conversing with bartenders and observing consumer behaviors. This hands-on experience has shaped my belief that many companies lack valuable insights by being too internally focused. The key to understanding the market lies in venturing beyond boardroom discussions and engaging directly with consumers.

Getting Out of the Bubble:

It's easy to become trapped in the bubble of familiar faces and colleagues, where everyone shares similar ideas and opinions. However, relying solely on internal feedback may lead to a skewed understanding of consumer preferences. To truly comprehend the desires and expectations of the target audience, businesses must step out of their comfort zones and embrace the power of real-world interactions.

A Drink, A Conversation, and Real Discoveries:

The bar offers an ideal environment for honest conversations with bartenders (off-peak times), who often act as brand ambassadors. They have their fingers on the pulse of consumer preferences and can provide invaluable insights into what works and what doesn't. By fostering open discussions and actively listening to their experiences, businesses can uncover hidden opportunities and refine their strategies accordingly.

Engaging with Consumers:

Beyond interacting with bartenders, it's essential to connect directly with consumers. Engaging with strangers at the bar may feel unconventional, but it opens up a wealth of information that can't be gleaned from formal surveys or office meetings. Ask questions, seek feedback, and observe reactions to understand what resonates with your target audience.

The Invitation Myth:

In the drinks industry, there's a common misconception that insights are reserved for those "invited" to market visits by sales teams. But the truth is, you don't need an invitation to understand your market better. Hit some bars alone. By immersing yourself in the world of your consumers, you gain a unique perspective that will set your brand apart.