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Leveraging Social Media Today - What is the Future of Print?

Posted by fashionentrepreneurreport On Thursday, November 19, 2009 0 comments
The new business landscape is truly a game changer.  It allows smaller businesses to reach 1,000s of potential customers without huge marketing budgets like that of larger corporations. Viral videos, Facebook, Twitter are a few of the new tools available to small business.
But, just like any tool, social media tools are worthless unless you know how to use them. Paramount in successful use of social media is to avoid what’s termed interruption marketing. That is, disrupting people with your sales message when they haven’t asked for it.
Instead, people want to be helped. Rather than selling to someone, it is more effective to provide useful information. If someone on a forum asks a question, one should answer it rather than saying “hire me”.  By providing help and showing you knowledge, you’re more apt to actually have a follow up discussion involving being hired.
The old days of spending tons of cash for print, TV or radio ads are gone. The new landscape involves being nice and un-solicitous.  For more information about the new business landscape, attend New York Entrepreneur Week.
- Matthew Weiss is owner of Weiss & Associates, PC, a boutique vehicle and traffic law firm located at 419 Park Avenue South, New York, NY.  For more information visit his site New York Traffic Lawyer.  Mr. Weiss is also the Global Learning Chair for the Entrepreneurs’ Organization, a worldwide not-for-profit dedicated to helping businesses owners learn and grow.

Should a Fashion Business Twitter?

Posted by fashionentrepreneurreport On Tuesday, November 17, 2009 0 comments



Girls with feather lashesIf you own your own business you have to be aware of the “Social Networking Craze” that has virtually taken over our free-time as we know it.  But finding that recipe of a perfect mix of relevance and brevity that will help further your business is increasingly difficult. Social Media and especially twitter or business based Facebook accounts should be looked at as a tool to create a buzz around your company, not a life changing mechanism that will keep your head perpetually glued to your Iphone screen.
Understanding the key to these applications will make social media not only less time consuming, but work for you.
1) Establish relevance.  Do not just blanket your network with 140 characters of what you ate for breakfast, or your label’s latest sale item.
2) Be at the top of people’s mind.  We only talk to about 3% of our network on a regular basis.  Expand that percentage and look for positive results.  Touch base with people instead of mass e-mailing or twittering out details
3) Remember that at the end of the day Twitter should be looked at as customer service oriented.  People can react to you and you can respond to them.  It is not a broadcast platform.
Peter Shankman Creator of HARO uses social media to his advantage on a daily basis, but getting not only his brand but a million others out there in the public eye.
“In 2010 it will be all about the people in your network doing your PR for you,” explained Shankman.  “Your actions will dictate your relevance, your words no longer will.”
With that said, give the 140 character limit we seem to now have when grasping people’s attention Shankman also adds it is imperitive to learn to write.
“People that do not know how to write and use the social media platforms will most likely be eliminated from the competitive marketplace,” warned Shankman.
So develop a real game plan with what you want your social media message to be and follow those guidelines.  Do something more that brag about yourself and what cool things you are up to and give your “followers” something to relate to.
“Your job is now to get other people to do your PR for you,” advises Shankman. “The lonliest person on twitter is he who only tweets about himself.  Say something on Twitter worth re-tweeting.”

Marketing and Sales Strategies for Independent Fashion Designers

Posted by fashionentrepreneurreport On Monday, November 16, 2009 0 comments



Girls GossipingAs a part of Fashion Focus Chicago, the Mayor’s Fashion Council held a seminar with national industry experts on marketing and sales strategies for independent designers. The focus was about getting your brand out there in this economy. 
With advertisers wanting to fill spots, there are a lot of deals out there, it is important to see which media genre is perfect for your collection and reach out to the local branches of that outlet to get brand awareness.
“As technology changes, media planning changes,” stated Elizabeth Kalmbac of Kelly Scott and Madison, a media planning. “There are a million and one places to advertise.  Once your message is completed it needs to be delivered, so investigate who your consumer is, find out where they are and then establish relevance”
A good first step is to do market research on your brand, and there are plenty of on-line tools like Quantcast.com and Google Ad Words are a good place to start.
“Don’t be afraid to call traditional media outlets,” added Kalmbac. “There is a current opening to local advertisers because there is space to fill.  Ask ‘How much do your charge for a list’ and get their database that way, break it down to zipcodes that are relevant to your business.  They want to support you as you grow, because you will hopefully be able to one day pay for larger adverts.  Advertising is sales and they need to think like that if they are good sales people.”
Use your own website as a marketing tool as well.  Do not be afraid to ask questions or survey your loyal customers.  But if you are trying to develop that loyal customer base, then start out by looking at what customers are doing with your competing brands.
“As customers are buying down opportunities are rising,” said Richard Patrisi, Author and Instructor at Illinois Institute of Art Chicago. “You need to figure out what is motivating people to go out there and spend.  What do people need? And then look at what do people want because those are two very different things.”
But at the end of the day, fashion is all about branding. If you stick with one consistent message your will stand-out amongst the crowd.
“Be fearless!” urged Michelle Bella, president of 212 Showroom in NYC. “People are behaving too safe.  Give the creativity to your design and step up to the plate.  The person that presents your collection or markets your brand shouldn’t be you.  You should be designing.”

International Sourcing: You Must Know

Posted by fashionentrepreneurreport On Saturday, November 14, 2009 0 comments



US Map Chinese scriptThe key to any fashion business that has the desire for growth is getting products sourced, produced and delivered but there will be a time in every designer’s life when they need to make the decision of whether to produce in their home country or produce abroad.
The purpose of sourcing is to negotiate the cost of the product, make sure that the deliveries are on time and deal with overseas production from bulk fabric to fit, freight and designer/buyer team liasons.  If you run your own business you might have to wear all three hats (designer, rep and sourcing manager).  The major thing to remember is that sourcing is really factory based and in following necessary precautions, your collection will arrive at the store on time.
1) Set aside ample time to research which factory in which country is right for your type of collection.  People assume China is the cheapest, but depending on knitwear or denim, there might be a better production hub for you.
2) Double check your PDM (tech pack) which has all of the specks from measurements, fabric, finishes etc. to make certain it isn’t missing any information, therefore the factory will not have to call consistently with questions.
3) Look at excess tax stipulations placed on garments coming in from China shipped from the US to places like Mexico and Canada if you have retailers there.
4) Make an actual trip out to see the factory and meet with the people that are going to make your collection.  Do not try to do it all via the web.
5) In working internationally find a Sourcing Agent that can facilitate all of the shipping, deliveries, customs forms etc.
6) Try to get an office or a staff in the country that you want to manufacture in given that this production decision is a permanent business plan, and not a seasonal decision (especially if you have over 200+ pieces per style).
7) Call the local embassy’s to find out about production in their country, as they will have lists of reliable manufacturers for you.
8) Look at add-on costs of producing your garment
The important thing to remember is that no matter how beautiful your collection is, you need to run it like a business.  Survey your short term and long term business plan and see if international sourcing and manufacturing is right for you, and then do the proper research to make it happen.
 
-Lynn Furge

The Model Puzzle: Choosing the Right Model to be the Face of Your Brand

Posted by fashionentrepreneurreport On Friday, November 13, 2009 0 comments



Nolcha Accessories ShowcaseIf you’re like most emerging fashion designers casting for their next photo shoot, you’ve got Kate Moss dreams on a no-name budget. Until your label gets big enough to afford a recognizable supermodel to propel you to international rock-star status, you’ve got to work with inexpensive, undiscovered talent to be the face of your company.
Unfortunately, this doesn’t necessarily mean hiring your friends or anyone that’s cheap or free just because they’re around. In the marketplace, your customers will make a decision about your brand in the blink of an eye; if they can’t identify with it, they’re gone. Think of your brand as a puzzle, all pieces designed to fit together to give your customers a complete picture of your brand and what to expect from it. Your models are just as much a part of this picture; their look and attitude should also help to create a certain image for you, just as much as your logo would. Therefore, you should choose them with careful consideration.
So how do you choose the right model to fit the big picture? Who does your target customer identify with? What kind of look tells your brand story best? How do you even know where to begin?
Start with your brand strategy. Your brand strategy should list your brand’s key attributes, describe your target customer, and should also have statements in place that define the value proposition, and the desired mood, look, and feel of your brand. For instance, your brand attributes will be a list of adjectives that describe your brand and product, which you can use to inform your model search.
Don’t have a list of brand attributes? Start off by brainstorming a big list, then narrow your list down to 6-8 words you feel best describe your brand. Different words will execute differently, so choose your final list carefully. Is your brand edgy or relaxed? Urban or country? Bohemian or conservative? Intellectual or whimsical? Global or local? Vampy or classy? I could go on and on. What words describe your brand, and what kind of model would play those parts?
Next, you’ll need to create a mood board or storyboard that illustrates your brand concept. A mood board is a collection of images shot in a certain style that captures the look and feel you would like to portray in the marketplace. Even better, think of your mood board as a story, and think of your models as the characters in that story. How do your characters look? How old are they? What kind of hair and makeup are they wearing? What are they thinking? What are they feeling? What are they doing?
Once you’ve finished your mood board, you would then cast your models accordingly, and hire the right photographer to shoot in the style you desire.
During casting, certain research may be useful if you need it. In a study conducted by Dr. Marianne LaFrance for Yale University, researchers concluded that women with closely cropped hair were seen as more confident and outgoing, while women with long straight hair were seen as being sexier and more affluent. Women with medium length, casual-looking hairstyles were seen as more intelligent and good-natured. Studies by others point to perceptions around a woman’s hair color. That said, I would also encourage you to use your brand to challenge people’s commonly-held assumptions. For instance, the all-American girl is not just a blonde, blue-eyed vision. Organic does not equal hippie. And there are many more clichés that are worth poking holes in. Extra credit: If you can use your brand as a vehicle for social change by encouraging diversity and acceptance for all walks of life, then go for it. Whatever you do, make sure it’s carefully calculated with an end goal in mind. Ultimately, you need to connect with the right customer, and that’s not an easy task.
Enjoy your new model-search strategy, and I look forward to seeing your brand’s fresh faces in the marketplace soon.
______________________________________________________________________________Giannina Granata Silverman is a branding expert focusing on consumer products in the fashion, health and beauty, food and entertainment markets. For brand image and marketing advice geared toward emerging fashion businesses, please check out her blog: http://fashionbrandingtips.wordpress.com/.
Also, please follow Giannina on Twitter at http://www.twitter.com/giasilverman.
Image courtesy of Nolcha Fashion Week Sept 2009.© Lynn Furge Photography

Launching in the UK: Two New Competitions for the BFC Vogue Fashion Fund

Posted by fashionentrepreneurreport On Thursday, November 12, 2009 0 comments



British Fashion Council LogoThe BFC Vogue Designer Fashion Fund a new landmark designer support scheme.  This Fund aims to support developing designer businesses through financial and high level mentoring.  The Fund will award an annual prize constituting unparalleled designer support within the UK.
And they have added two brand new competitions:
Pringle Design Competition 
The Pringle of Scotland Design Competition is an invaluable prize for design students to help develop their career and industry knowledge. Students from member 
BFC Colleges Council   design courses are invited to apply.Get the Details… 
And
UK Young Fashion Entrepreneur Award 
The British Council's Young Creative Entrepreneur programme began in 2004 and includes international and UK awards in nine sectors: communications, design, fashion, interactive, music, performing arts, publishing, screen and visual arts.