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135 – Oops! Macys! with Liz Wain of Wain’s World

135 – Oops! Macys! with Liz Wain of Wain’s World

FromGift Biz Unwrapped


135 – Oops! Macys! with Liz Wain of Wain’s World

FromGift Biz Unwrapped

ratings:
Length:
50 minutes
Released:
Nov 6, 2017
Format:
Podcast episode

Description

In 1987, Liz’s career began where most designer’s peak – at Barney’s of New York. There she made a name for herself with a single napkin. Liz evolved her couture linen collection into a lifestyle brand with a hold in more than 1200 luxury retailers worldwide.
Since then she’s been intimately involved with such brands as the Thomas Kinkade Collection of Fine Jewelry, Nostalgia Home Fashions, Enesco, Things Remembered and more.
Today she is a sought after consultant through her company Wain’s World, where she works with an elite list of top world brands.
Liz prides herself on building businesses through developing relevant and compelling collections of products and services.
She focuses on creating and implementing strategic initiatives across branding, product design and development, and sourcing and licensing.
Liz’s StoryIt all started with college bed sheets. [5:41]
A bold move and a commitment to her grandmother. [ 7:20]
A not-so-chance encounter. [10:04]
The power of … a paint rag? [11:38]
Liz reflects on the benefit of moving away. [15:53]
Her first steps. But oops! [20:28]
Approaching Barneys. [25:58]
Candle Flickering MomentsLost linen and the scurry to replenish product as best she could. [32:55]
Business Building InsightAccountability and surrounding yourself with the right people. [9:10]
Find the void in the marketplace. [9:33]
Appearances are not always what they seem. [10:43]
Most of us have started from nothing. [15:02]
Having a board of directors or something similar. [17:00]
Don’t overthink your business. [18:32]
Dealing with demand and growth. [25:58]
Timing is key. [28:51]
How Liz retained her large accounts despite knock-offs. [35:15]
Liz’s perspective on fashion today. [36:34]
The first thing to do when you approach a new client. [37:50]
Customer feedback and product evolution. [39:41]
How to approach a local shop to stock your product. [41:46]
Final AdviceIf you are just starting out, do your research and then trust your gut. [44:43]
 
Contact Linkshttps://www.linkedin.com/in/lizwain/ (LinkedIn)
If you found value in this podcast, make sure to subscribe and leave a review in http://www.giftbizunwrapped.com/ApplePodcasts (Apple Podcasts) or http://www.giftbizunwrapped.com/GooglePodcasts (Google Podcasts). That helps us spread the word to more makers just like you. Thanks! Sue
Released:
Nov 6, 2017
Format:
Podcast episode

Titles in the series (100)

Have you thought about turning your hobby into a profitable small business? This podcast shows you how to do just that. Whether you want a side gig for some extra cash or to get out of your 9-5, the handmade products you make for fun can hold the key! In each episode you'll hear steps and actions to take to start and grow a profitable business. It's created specifically for the handmade product business entrepreneur; a group I lovingly call Gifters, Bakers, Crafters, and Makers. You're a fabulous unique creative person and I'm here to help you get on the right path to making your vision a reality. There's a lot out there about building a service based business, some about building a product business, but handmade is different. There are specific nuances to handmade that we cover here. Have you thought about starting a business but not sure what the first steps should be and you're afraid to do it "wrong?" Have you started your business but it's not progressing as you had envisioned? Are you confused about Etsy, Amazon Handmade and Shopify platforms? What about email marketing and Facebook or Instagram ads for attracting sales? There is so much to know it can be overwhelming and confusing. I'm your host, Sue Monhait, and I interview business owners who have been where you are. This is combined with over 30 years of experience consulting hundreds of boutique and big brands along with opening two profitable product based business of my own, I'm here to help you realize your dream. At the end of each episode, you'll walk away with new ideas, tools, or processes that you can apply immediately to get results. Decide on your business. Learn how to get started. Hear what others do to get customers and increase their sales. A great first step is to subscribe to the show. Then you'll automatically get each new episode as it releases - ready and waiting for you when it's convenient to listen. The main show becomes available on Saturday morning with a short Tips & Talk episode on Wednesday. I want you to know that you don't have to do this alone. Find more free resources over at GiftBizUnwrapped.com and if you're looking for a community of handmade makers just like you, join us over in my private Facebook Group - Gift Biz Breeze.