HomeNewsTrendsFeaturesThe Tippling Point | How to start at the top, and hold that vantage

The Tippling Point | How to start at the top, and hold that vantage

One must admire that chutzpah - Sidney Frank decided to sell Grey Goose for $30 a bottle, while Absolut was selling at $15.

February 19, 2022 / 13:31 IST
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With Grey Goose, Sidney Frank busted the myth that the more times you distill, the purer the vodka gets. (Image: Twitter.com/GreyGoose)
With Grey Goose, Sidney Frank busted the myth that the more times you distill, the purer the vodka gets. (Image: Twitter.com/GreyGoose)

How do you break into a market already saturated with products that range from the most economical to the top luxurious? Where do you peg your product with the knowledge that you don't have an advantage like pedigree or experience in the field? You start humbly from the bottom, right?

When Sidney Frank, an American entrepreneur, decided to launch his first vodka in the 1990s, there was enough space at the bottom where he could also squeeze his product in. With enough hard work, his vodka could climb a few rungs, where it would stop.

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But sorry, Frank was ruthlessly ambitious. He had already proved his mettle by bringing Jägermeister to the US all the way from Germany. An instant success it was. Next, the Sidney Frank Importing Co (SFIC) introduced the Jägermeister Tap Machine, which energized bars across the country. Moreover, the company upped the ante by introducing the first promotional models - Jagerettes - in the spirits market.

But those were all past feats.