The Entrepreneurial Journey of Donae Burston: From Investments to Influencer Marketing [Video]

In this riveting episode of EYL, hosts Troy Millings and Rashad Bilal sit down with Donae Burston, a visionary entrepreneur who has transformed the wine industry. From San Tropez to store shelves across the nation, Donae shares the incredible story behind his luxury wine brand and the crucial steps he took to make it a household name.

**[00:00] The Entrepreneurship Roller Coaster**
Troy kicks off the conversation by delving into the financial strains and sacrifices that come with launching a premium wine brand. Donae shares how he pulled from his 401 ks, pension funds, and maxed out credit cards to fund his venture and keep it afloat.

**[00:01] The Pandemic Boost**
Donae explains how the pandemic unexpectedly accelerated his brand’s success amid the growing racial justice movements. This increased visibility led major retailers to support minority-owned businesses, ultimately getting his products into over a thousand stores.

**[00:02] The Cost of Luxury**
Breaking down the heavy costs associated with producing a luxury wine, Donae lists to Troy and Rashad the numerous expenses including cost of goods, storage, shipping, import fees, and distributor cuts. He reveals that starting such an operation could cost up to $2 million.

**[00:03] Marketing Tactics**
From digital ads to influencer marketing, Donae discusses the strategies he employed to build his brand image. He recalls how sending bottles to influencers like Melo, Michael Strahan, and D-Nice brought significant attention to his product.

**[00:04] Learning from Industry Giants**
Donae reflects on his tenure at Ace of Spades and Dom Pérignon, focusing on insights into marketing luxury alcohol brands. His roles covered different territories such as the Southeast United States and Latin America, training him on how to reach high-net-worth individuals effectively.

**[00:07] Strategies for Market Penetration**
Donae elaborates on the dual aspects of his marketing approach in Miami, from nightclub prominence to ingratiating the brand within high-net-worth circles. This tactic helped Ace of Spades maintain its luxurious reputation while expanding its reach.

**[00:08] Reflection and Future Plans**
As the conversation wraps up, Donae shares his thoughts on the competitive landscape and the continuous challenges of staying relevant. His entrepreneurial journey is not just an inspiring tale but also a testament to the grit needed to succeed in a saturated market.

Join us for an insightful conversation full of entrepreneurial wisdom, marketing strategies, and industry secrets that will inspire aspiring business owners and seasoned entrepreneurs alike.

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