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Develop a Partnerships Strategy
Develop the strategy and approach to establish critical partnerships for RB so that it can “own” the most valuable business driving relationships in the category. In addition to selling directly to the consumer, there are a number of potential partnerships and corporate approaches that would represent significant volume opportunities, and would also prevent competitors from accessing those sales opportunities. Some of these include:
- Corporate gifting and incentives
- Provisioning partners (e.g. AirBnB, timeshares, yacht clubs, etc.)
- Gifting businesses and platforms (e.g. Touch of Modern, 1 800-Flowers)
- Real Estate Companies
- Licensing initiatives for custom products (NFL, NBA, MLB, NCAA, Entertainment properties, musicians, etc.)
- Kiosk deployment for digital purchases in logical foot-traffic venues
- Events, conferences, festivals
PR & Communications
Reporting, Financial Planning & Analysis
Sales & Business Development
- Students will learn how to strategically select business partners.
- Students will learn licensing business nuances.
- Students will gain exposure to senior marketing initiatives
- Students will learn how to present complex business topics
- Students will gain exposure to discussions surrounding revenue generation
- Students will get experience in a startup environment
|Tagline||Good Spirits. Delivered.|
|Growth Stage||High-Growth Startup|
|Funding Status||Seed Stage|
|Funding Size||1,000,000 - 3,000,000|
|Description||ReserveBar (www.reservebar.com) is the leading e-commerce platform for luxury spirits and champagne in the U.S. We enable consumers (as well as companies) to order the most esteemed bottles of alcohol in the world with the convenience of shipping across the United States for both self-consumption and gifting. The delivered beverage alcohol segment of the industry is in the earliest stage of growth. Currently, 50% of all alcohol is sold off-premise, and only 1.8% of sales is fulfilled via e-commerce and delivery or shipment. By way of comparison, over 14% of retail sales involve e-commerce and delivery, and off-premise dining and flowers are well over 20%. ReserveBar is close to closing an acquisition that will increase it's size significantly, while adding retail distribution with on-demand fulfillment ability (i.e. under and hour vs. shipment), and a more robust tech stack including an app. This is truly an exciting category poised for explosive growth!|
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