Nicolò Pudel is a WSET Level 3 graduate and is currently finishing his WSET Level 4 Diploma. Nicolò shares with us how his WSET education has helped him with running online wine site Port2Port.
How has your WSET education helped you with running your own online wine business?
The WSET courses I took, especially Diploma which I am currently busy with, has given me a lot of insight in the international trade which is most certainly helping me as we plan to expand Port2Port abroad. The tastings and workshops we are organizing on the side are also a great opportunity to be exposed to wines that we usually are not able to find.
Next year Port2Port celebrates its 4th anniversary, what challenges have you faced during the past years and what are some milestone successes?
Port2Port was founded with the vision to build and establish South Africa’s (and beyond) biggest fine wine marketplace, connecting premium wineries, importers and retailers to a rapidly growing audience of discerning wine buyers.
Our mission has always been to consistently offer the most cutting edge digital platform, world-class service, the biggest selection at the best possible price, all presented through the eyes of the producers, the passionate writers and the critics, utilising our enticing wine stories as our main vehicle. My team and I soon discovered that we had been blessed with a very enthusiastic and loyal following. The interest and demand have been – frankly – beyond our expectation and the numbers speak for themselves. Today we are one of the fastest growing e-commerce platforms in the country. Wine-Searcher has awarded us with the Best Wine Catalogue in South Africa and Price Check nominated us in 5 categories at the 2018 E-Commerce Awards, including Best E-Commerce Service. Our revenue is growing at three digits yearly, we sell over 1600 wines from 12 countries, represent 500 brands and 10 specialised retailers to an audience of 200 000 wine lovers.
What advice would you give those interested in opening their own wine business?
Research and planning is important, spend a good amount of time on that before you are ready to release a minimum viable product. Don’t waste time on perfecting your concept, you will do that anyway as you go and get feedback from your audience and customers. Most importantly, plan your financials correctly, you don’t want your dream not to come true only because you run out of money. Flexibility is paramount, you need to be able to identify the opportunities along the way and be able to adjust your strategy. Avoid massive overheads, employ remote workers, save on fixed costs where you can. Invest in the team and in your company culture which ultimately reflects on your service.
Your site currently lists wines from 12 countries, are there any countries not listed that you’d like to represent?
We would love to represent every single wine that is out there and that meets our quality requirements. The goal for our marketplace to breach the 10 000 products mark within the next 3 years. We will achieve that by opening our European business and adding marketplace seller there.
What are the most popular searches on the site for?
The top of the list are brands, among them Kanonkop, Meerlust, Hamilton Russell, Sadie. Then, wine specific queries include Brunello di Montalcino, Pinot Noir and Chenin Blanc.
What has been your most memorable wine moment?
I have a TOP 3. My first Sassicaia with my wife in Bolgheri, a bottle of Harlan Estate with my wife and dear friend Francois in Napa and probably the first bottle of a wine we recently had where we are looking at getting involved directly in terms of ownership and management. But this is still a secret.