++++ to Rick Gregory’s post above.
My own thoughts on the subject:
We all wish you the very best with your new venture, but approaching it from several direction is just plain good thinking. My own experience is in a highly competitive market (Orange County, CA) and one likely hit much harder over the past few years than Trinidad, CO but I’d still advise that you do as much as possible to market the business and to add revenue sources.
Regarding revenue sources: In my local market it’s virtually impossible to just sell wine in a small shop. A regular tasting format is a must, and having small plate food (or even more) seems to make a big difference too. One small shop does 80% of it’s business in gourmet food items (mostly jarred artisanal sauces, dressings & farmers market type stuff), hand-made candies, and wine-related accessory items. It has about 50 very good facings and is going to expand that soon, but lives on the ‘gift’ items right now. The shops that serve food seem to do the best overall, but that can be a very expensive proposition.
Selling wine online, I found, is really about having exactly what the customer is looking for at a reasonable price. True, you can’t compete wine-for-wine at your in-store price, but if your selection is unique you can do extra business online. It’s just something that has to be enough to pay the overhead of the site. One of the best pieces of advice I ever got (and didn’t use, unfortunately) was to create a second online store under a different name! Once you’ve set up the infrastructure of online sales, that would allow you to do additional business at more competitive prices, on those wines that require that kind of pricing without conflicting with your ‘branded’ store business. You own the inventory anyway, so if you have the space and time, why not? The extra volume can only help with your pricing on buys, if you keep it tight and under control.
Regarding ‘social marketing’: It’s been absolutely amazing to me how many people find out about small businesses through online social networking sites, blogs, forums, and just plain Googling. I don’t know if Trinidad is big enough or gets enough tourist traffic for it to help you from beyond the local area, but it’s not something to ignore these days.
Anyway… in spite of all that advice, I do believe in being sure you can walk before you try to run. I’d just advise that you give immediate thought to any part of the online world that you can get into with minimal cost and time as soon as you can.
Just my 2¢, but I really think this is very important stuff, especially these days.