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Bourbon Pursuit

455 - Digging Into The Psychology of a Bourbon Hunter with Jim White of Reality Check

Bourbon Pursuit

Bourbon Pursuit

Hobbies, Food, Arts, Leisure

4.9866 Ratings

🗓️ 28 March 2024

⏱️ 59 minutes

🧾️ Download transcript

Summary

Understanding how the bourbon geek thinks has been something that has dumbfounded us for years. We talk about it all the time on roundtables and other episodes where we try to guess why consumers purchase in certain ways. And for the longest time, you all have asked why don't we get someone on the show that can talk about the psychology of a bourbon drinker. Well, ask and you shall receive. In this very special episode, Jim White, the Founder and President of Reality Check consulting who has a background in bourbon advertising and psychology joins the show to talk about how people think and how brands can develop a story. This episode will dive into the psychology of scarcity, pricing, limited editions, repeat purchases, and so much more. During different segments you're going to come away realizing a reason why you chase and hunt bottles as well. Show Notes: Above the Char with Fred Minnick (@fredminnick) talks about enforcement of bottled in bond. Can you give a background about Reality Check Consulting? What research methods do you use to get consumer feedback? What things in our psychology trigger us to look at certain brands? How does a brand like Weller go from zero to hero in such a short time? Why should brands create limited edition offerings from a psychology perspective? Is there another type of consumer that just isn't worried about status? How does a brand focused on volume market differently? Why would someone purchase the same bottle over and over again? Do other categories have fans that want their own hobby to fail? Is brand loyalty dead? How do you attract a customer to look beyond what's safe? Does FOMO play a big role? Support this podcast on Patreon

Transcript

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0:00.0

You know, now, Bill Samuels Jr. was used to go into events and meeting his consumer, and they loved him. It was a love fest. So from Bill's perspective, anecdotically, there was just the sea of admirers and loyalists. We go do this study, and I was the one that had to stand in a meeting and tell him that his best drinker, on average, drank more

0:21.8

Jack Daniels than Maker's Mark. He about threw me out of the room.

0:49.5

This is Bourbon Pursuit, the official podcast of Bourbon, bringing to you the best in news, reviews, and interviews with people making the bourbon whiskey industry happen, and I'm one of your hosts, Kenny Coleman.

0:55.9

Understanding how the bourbon geek thinks, it's been something that has dumped out it and perplexed us for years.

0:59.5

We talk about all the time on roundtables and different episodes,

1:03.3

where we try to guess why consumers purchase in various and certain ways.

1:06.0

And for the longest time, you all have asked us,

1:10.4

why don't you get somebody on the show that can talk about the psychology of a bourbon drinker?

1:10.8

Well, ask and you shall receive.

1:13.0

In this very special episode, Jim White, who's the founder and president of Reality Check Consulting,

1:18.5

who also has a background in urban advertising and psychology, joins the show to talk about

1:22.9

how people think and how brands can develop a story.

1:26.2

This episode will dive into the psychology of scarcity, pricing, limited additions, repeat purchases,

1:32.6

and just so much more.

1:34.4

And during different segments, you're going to come away realizing a reason why you chase

1:38.4

and hunt bottles as well.

1:40.1

With that, enjoy this week's episode.

1:42.0

And now here's Fred Minnick with Above the Char.

1:45.5

I'm Fred Minnick, and this is Above the Char. This week's idea comes from Tom Wazanuski,

1:52.7

and I hope I got that right, who writes me on Fredminic.com. For your Above the Char segment,

1:57.9

don't know if you've answered this before. I have a question about the

2:00.8

bottle and bond regulation and enforcement. Does the government place a revenue in each distilling

...

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