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
HOST VENUE ADDRESS
- Either in our office in Ridgefield CT (426 Main St. Ridgefield, CT 06877) or midtown Manhattan
REQUIRED PREREQUISITES
- Students should have a basic understanding of corporate partnerships and licensing as well as a broad understanding of marketing and promotion
- Students should review www.reservebar.com and on-demand alcohol eCommerce such as www.drizly.com and www.minibarddelivery.com and have a basic understanding of the eCommerce beverage alcohol space.
LEARNING OBJECTIVES
- A better understanding of how companies can partner in order to achieve objectives for both
- Affiliate marketing, content marketing, digital marketing, segmentation, direct response marketing
- Analytics and reporting
- How licensing arrangements work
- Strategy and presentation development for pitching companies
- Understanding how to deconstruct a business and understand various aspects of brand positioning, consumer needs and customer journeys/exeprience, profitability, operations and execution complexity, and more in order to develop cogent strategies
Project Topics
Growth Strategy
Marketing
Operations
PR & Communications
Reporting, Financial Planning & Analysis
Sales & Business Development
Company Information
| Company | ReserveBar LLC |
| HQ | Connecticut |
| Revenue | Unlisted |
| Employees | 100-500 |
| Stage | High-Growth Startup |
| Hiring Potential | Follow-on Projects, Formal Internship, Entry Level Full-Time |
| Website | https://www.reservebar.com |
Company Overview
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!
Experiential Learning Program Details
| School | University of Notre Dame Mendoza College of Business |
| Engagement Format | Capstone - Small Team Consulting Project - Students work in consulting teams of 3-5 directly with faculty and client liaisons on developing real solutions to real-world challenges. |
| Course | |
| Level | N/A |
| Students Enrolled | N/A |
| Meeting Day & Time | N/A |
| Student Time Commitment | 1-3 Hours Per Week |
| Company Time Commitment | 3-5 Hours |
| Duration | 0.43 Weeks |
Program Timeline
| Touchpoints & Assignments | Due Date | Type |
|---|
Key Project Milestones
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February 28, 2020 - Pre-Project Outline
Company will share an outline with students including any update on progress the company has made in this area and/or more detail on priorities and focus.
Suggested Deliverable:
Students should review this document prior to arrival on site so that we can begin diving right into the project.
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February 28, 2020 -
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March 2, 2020 - Deep Dive on Reserve Bar and Existing Partnerships and M&A Strategy
Students will start off getting up-to-speed on the company’s business model Students will speak to key stakeholders about existing partnerships strategy Students will learn more about attempted/successful mergers and acquisitions
Suggested Deliverable:
Students will prepare questions for a Q&A debrief session with company leaders on day-one
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March 2, 2020 -
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March 3, 2020 - Develop New Partnerships Strategy
Students will develop a new partnerships strategy, explore the market, and any synergies that might exist between business models. Students will begin aggregating a list of ideal partnership targets with a conceptual idea of how a partnership might benefit both parties.
Suggested Deliverable:
Students will review strategy and approach with key business leaders throughout the day
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March 3, 2020 -
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March 5, 2020 - Prioritize the best partnership opportunities and develop the go-to-market strategy to initiate partnership discussion
Project should yield the ability for the company to begin setting up meetings to pursue these opportunities, including a target list, contact information, “elevator pitch” (in phone and email/”teaser” format) as well as a presentation that could be sent to a warm lead.
Suggested Deliverable:
- Elevator pitch (both general and tailored to top prospects) in the form of an email and “teaser”
- Presentation Deck
- Target company list with contact info
- Concept overview for partnership approach with each of the top ten prospects
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March 5, 2020 -
Project Resources
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