I was fortunate to have attended the Symposium and to have sat in on the panel that Alder moderated. It’s great to have the video captured for posterity, and in hindsight I’m not sure whether to laugh or to cry at the state of wine writing and its monetization possibilities.
In summary, there have probably never been so many challenges combined with so many potential opportunities when it comes to writing about wine and making any money while doing it.
The challenge is that, as we said in the panel discussion, “the genie is out of the bag” when it comes to free content and wine: people expect to be able to get high quality content about wine on the Internet, and pay nothing for it. This is putting severe downward pressure on wine writing payment in general.
The opportunity is that the market for consuming information about wine has never been larger, and the price of entry is free, for now. Personally, I fully expect that market to become saturated, after which it will become expensive to enter, and it won’t expand again for probably ten years. If you want the details on that, well, you’re gonna have to watch my not-so-pretty face on the video! Actually, fellow panelists Doug Cook, Steve Heimoff, and Patrick Comiskey make the video well worthwhile despite my inappropriately timed humor.
Would love to know your thoughts on this – please check out the video, and shout out in the comments; where is the future of wine writing and its monetization going? To hell in a hand basket? Or soaring to new heights?