Tag Archive for: business

strategy

“Huh, I’ve never put it like that before…” 

I was reading a book by an internet marketer that described a strategy to grow any online business.

As the author described the strategy that he’s used again and again to scale his software company to $100MM (without investors), I realized something.

What he was describing was the same process I had used to launch my clothing brand back in 2011, it was the same process I had used to launch Factory45 for the first time in 2014 and it’s the same strategy I teach today in the Factory45 program.

He had just put a name to it:

“Your Dream 100.”

As I continued reading, it dawned on me that the reason I love this strategy so much (and have used it for nearly a decade) is because it’s timeless.

We live in an age when marketing trends literally change by the month. One platform is hot, the next year it’s not. One strategy sells like hotcakes for a few weeks and then it flatlines.

While so many online businesses — particularly fashion brands — are dependent on the whims of Facebook and Google advertising, this strategy doesn’t require a cent.

And it will never go out of style.

Here’s how it works:

Your “Dream 100” is a list of 100 brands, influencers, media, podcast hosts, bloggers and business owners who have one particular thing in common —

Their existing audiences are made up of your ideal target customer.

In other words, the people following them on social media, reading their blogs, subscribing to their email lists, and listening to their podcasts are the same people who would love your brand and the products you’re selling.

In the Factory45 program, we make this a list of 20 but 100 is even better if you can do it.

Once you’ve made that list, the next step is to “dig the well” with your Dream 100 — i.e. build relationships.

So before you ask to write a guest post for their blog, or be a guest on their podcast or review your products, you have to put in the time commenting on their Instagram posts, replying to their email newsletter, leaving a review on their podcast, etc.

Like any business relationship, you give before you take.

The question you’re asking yourself is, How can you serve this person who has an audience you want to get in front of?

Once you’ve taken a few months to build these relationships, then you can make the ask.

The best part is that after you’ve been on their podcast, or done an IG Live together or written a guest post, then it’s a million times easier to ask them to promote your products and brand.

And here’s how the numbers pain out:

If just 30 people out of your Dream 100 agree to promote your brand, and each of those people has a minimum of 10,000 followers, that’s 300,000 new people who could potentially be introduced to your brand.

There’s no way to get that kind of free reach on your own.

And even better, this isn’t a strategy that will ever go away — the platforms and methods may change, but relationship building is timeless.

When I started my sustainable and minimalist fashion brand nearly a decade ago, my then co-founder and I used the year leading up to our launch to build online relationships with all of the minimalism influencers, travel bloggers and fashion writers that we possibly could. 

It resulted in us raising enough money to quadruple our first production run.

When I launched Factory45 in 2014 I reached out to 50 eco-fashion bloggers, media outlets and sustainable fashion influencers and wrote 25 guest posts and interviews in two weeks. 

It resulted in me selling out every spot in the program, having never run an accelerator before.

The Dream 100 is truly the strategy, that if you commit to it, that will serve your business for years to come.

And it’s this same strategy that I’ll continue to use this Fall as I build my newest project.

Stay tuned for more on that : )

 

 

 

P.S. The book is called Traffic Secrets by Russell Brunson and it just hit the New York Times bestseller list this week. He gives the book away for free on his website — you just have to pay for shipping.


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Do you know the number one reason that new fashion brands lose money or go out of business in their first year?

Manufacturing mistakes.

From over-ordering inventory to garment construction errors, starting production is the most vulnerable time for new fashion brands.

I’ve heard the stories.

The brand blames the factory… the factory blames the brand… and when all is said and done, only a fraction of the production order is good enough to sell.

And both parties lose money.

In the case of the new brand, it’s enough of a loss to put them out of business — before they’ve even started.

The thing is, it doesn’t have to be this way.

Because the primary reason for manufacturing mistakes is a lack of communication.

The tech pack isn’t specific… the sew-by sample isn’t perfect… the brand and project manager haven’t had enough conversations about the end goal of the product.

The good news is: Communication is something that can be improved upon.

And while yes, the factory manager could probably be quicker about responding to your emails or returning your phone calls, effective communication is the responsibility of you — the founder and designer of your brand.

Can you control the skill set of the sewers? No.

Can you control the attention of the quality control manager? No.

But you can control the clarity of your expectations and needs up until production begins.

And that’s everything.

Between the free resources in books, blogs and YouTube, there’s really no excuse anymore to go into apparel manufacturing knowing nothing at all.

So, I’ve put together a little quiz for you, so you can better understand where your knowledge lies… 

Which of these questions can you answer?

  1. What is a “time study” sample?
  2. Name the three things you need to be able to start product development.
  3. What’s the most important question to ask a pattern/samplemaker before you hire them?
  4. What’s the number one way to save money in production?
  5. Should your production partner sign an NDA?

If you were able to confidently answer four out of these five questions, then you’re in good shape!

But if you know that you’re new to the manufacturing industry and you have plans to start an apparel or accessories brand, then it’s imperative that you arm yourself with the knowledge and know-how to get through production without losing money.

And that’s why I created The Manufacturing Kit for you.

It includes eight resources that will answer the questions above, as well as teach you other valuable information like:

  • The 14 things you need before starting product development. 
  • How to translate your sketch to a spec sheet template so you don’t have to pay to have one made.
  • 9 questions to ask a pattern/samplemaker before you hire them.
  • 9 questions to ask a manufacturer before signing a contract.
  • And more…

You can check out The Manufacturing Kit in more detail here.

And if you have any questions about it, just reply to this email — I’ll personally get back to you.

As they say, “knowledge is power” and my goal with The Manufacturing Kit is for you to be able to confidently and calmly go into production without wasting time and losing money.

To your success,

 


 
 
 


If you’re like most of the entrepreneurs I work with, then you know this:

  • You want to start a fashion brand that’s socially-conscious
  • You want to do something to combat the “fast fashion problem” 
  • You don’t want to be just another fashion brand

In your heart, you are committed to building a sustainably-made and ethically-manufactured brand, but where do you even start?

While I run an online business school to help with exactly that, I want to get you started with the first four things to consider right now.

In today’s episode of Factory45 TV, I’m sharing where to begin when you’re building a sustainable fashion brand from scratch.

These four things are not generic answers like, start a business plan or research your competition or trademark your business name.

Click the button above and in four minutes you’ll have four steps to building your sustainable fashion brand right now.

Enjoy!

 


manufacturing kit

About this time of year, I traditionally write an annual review of how life and business went this year.

You may recall 2018 being a doozie with the health status of my mom, the arrival of Baby Lohr and the post-partum blues that came with it.

But this year I’m doing something a little differently, inspired by my own 2020 business planning.

At the beginning of December when I got out my notebook and wrote “2020 PLAN” at the top of the page, my immediate instinct was to write “Goals” just as I’ve done every year.

But I wrote this word instead:

FOCUS

In that moment, I realized it was never my past goals that were that important — it was the tangible steps that I focused on to achieve those goals.

And it’s this system of focused planning that I want to share with you as an exercise today.

First, I divided the year into two parts — Q1/Q2 and Q3/Q4 — but you can divide it into four parts (or more) if that works for you.

For Q1/Q2, I wrote down one singular focus: MARKETING
(i.e. spreading the word about the Factory45 2020 program)

Then for Q3/Q4, I wrote down one singular focus: FACTORY45 EXPERIENCE
(i.e. making sure the entrepreneurs in Factory45 2020 have the best possible experience)

Next, I made a list of all of the tangible action steps that would enhance each of these two focuses.

For MARKETING, I came up with a list of seven “buckets”. 

For FACTORY45 EXPERIENCE, I came up with a list of four “buckets.”

For example, one of my MARKETING buckets was “Email List & Blog,” so underneath that bucket I listed all of the things that go into my email list and blog as they relate to marketing. 

  • Repurposing “best of” blog posts 
  • Sending out a new YouTube video every month
  • Cross promoting other people in my industry 
  • Using paid ads to promote my best blog posts and videos
  • Driving new subscribers to my email list via lead magnets
  • Cultivating and fostering the existing relationship I have with my current readers

For each bucket, there was a list of actionable steps like the one above that would get me closer to my broader focus of Marketing.

*Important note here that you may find interesting: Social media did not come up in any of my buckets. Sure, I’ll still post on Instagram, FB, etc. but it isn’t a task that I’m putting emphasis on for my Marketing Focus. So, if you’re one of those people who is putting all of their eggs into the Instagram Stories basket, I encourage you to think outside the box!

Alright, still with me?

The final step was to list out January through December 2020, and allocate the most important steps in each bucket to a month or multiple months. 

It looked like this:

JANUARY

  • Paid ads
  • YouTube
  • Pitch podcasts
  • Outline new workshop
  • Activate free TCF webinar
  • Research video companies

The first three bullets span across every month of the year. But the other three bullets only exist in that month because they have a deadline.

Make sense?

The idea here is to have actionable steps each month, rather than general goals, that amplify what you’re focusing on for the first half (or first quarter) of the year.

The final step was to move this calendar out of my notebook and into Asana (the to-do list of my choice) so that I know exactly what I’m taking action on and when I’m taking action on it.

So in review, here’s how you can effectively plan for 2020 for your own business instead of creating general goals:

  1. Create 2-4 Focuses for each quarter of the year.
  2. List all of the “supporting actors” for each focus and divide them into Buckets.
  3. Under each bucket, list the sub-steps that go into each one.
  4. Allocate each bucket to certain month(s) of the year.
  5. Add the to-do list for each month into your task management platform, to-do list or digital calendar.

That’s all to say, I think I’m over “goal setting” in the traditional sense. 

Yes, it’s incredibly important to have a vision for your business.

But you know what’s more important? 

Taking action to achieve that vision.

 


 
 
 

This will be my last blog post and email of 2019 — I’m wishing all of you a very Happy New Year and will be back on Wednesday, January 8th : )


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How to Increase Your Fashion Brand’s Sales by 15%

In the lead up to becoming an entrepreneur, I was a waitress.

I’ll clarify:

I was a waitress at a rowdy Irish pub turned late-night bar in the tourist district of downtown Boston. 

I spent the summer of 2009 working six nine-hour shifts a week, serving up to 24 tables at a time — often by myself.

We were constantly understaffed, with myself and three other waitresses on rotation, and we spent the entire summer clamoring over each other for the chance to be promoted to bartender.

The best shift was Thursday night.

It was just one waitress and Ian, the Thursday night bartender, and the waitress had control of the entire floor which meant you got to keep 100 percent of your tips (there were no bussers in this place).

When it was my turn for this shift, I would mentally and physically prepare. 

I’d make sure I was stocked up on silverware roll-ups, that the menus were wiped down from yesterday’s beer sludge and that the outside chalkboard clearly promoted our daily special of 2 dollar Molsons.

And then from 4-11pm, I would work harder than I have ever worked before. 

At the peak of it all, I remember holding a menu and someone’s check in my mouth while pouring a draught beer with one hand and balancing two plates of food on the other hand.

After several shifts like this, I came in one Thursday night and Ian said something I haven’t forgotten in 10 years.

“Shannon, our food and bev sales are always up 15 percent every time you work. What are you doing differently from everyone else?”

At the time, I didn’t have a good answer for him.

But years later, I often think back to those days in the service industry and now know exactly what I did differently.

(And no, it’s not that I worked harder — I didn’t bring you through this entire story for that.)

It’s something that you, as a fashion entrepreneur, can duplicate and implement:

Make a Frequent, Specific Ask.

Instead of, “Can I get you anything else?”

I would say, “Another IPA?” before the pint glass was empty.

Instead of, “Are you ready for the check?”

I would say, “Our brownie sundae is amazing. The best in Faneuil Hall.”

I was on a constant loop around the restaurant, ensuring that no one was sitting around waiting for me when there was money to be made.

And that ties back to the mistake that I see so many startup fashion brands making.

You’re waiting for your customer to come to you. 

You’re not sending out emails every week, you’re not making it clear what your brand has to offer and you’re not enticing the sale.

It’s all well and good to say, “Well, I’m not salesy and I’m going to do it my way and Shannon, you were just promoting binge drinking and diabetes.” 

And while, okay, that may be true (a girl’s gotta make a living) — if you don’t make the sale, then you don’t have a business. 

It doesn’t matter if you’re selling beer, brownies, jackets or dresses.

Instead of sending out an email to your list once a month about your entire collection, send out an email once a week featuring one specific product in that collection.

Frequent & Specific.

Build a 2-3 part email series around each product that highlights certain defining features, such as fabric or fit or customer feedback or its insanely low return rate.

Frequent & Specific.

Create a two-week, daily social media campaign around the re-launch of your best-selling product.

Frequent & Specific.

Every time you get in front of your ideal target customer, whether it’s through email or social media, you’re asking for them to get behind your brand, support what you’re building and show that support by purchasing from you.

The way you make that Ask matters.

I should know — the next summer I came back as bartender.

 

 

 


crowdfunding cta

Do you know one of the most time-intensive parts of creating a fashion brand?

Fabric sourcing.

It can take months to find the perfect fabric for your product(s).

And that’s why fabric sourcing is the very first thing we tackle in the Factory45 accelerator program.

Because at the same time as you’re building your social media presence, growing your email list and creating an audience before you launch, you’re likely still looking for fabric.

And if you have no idea where to begin, where to look or how to start, then today’s video is for you.

I’m laying out the first five steps to effective fabric sourcing.

And I’m going to make sure you sound like a pro when you’re reaching out to fabric suppliers.

Enjoy,

 

 

 


Twice a year my pal Nicole and I offer a free online class for fashion entrepreneurs.

We each have our separate companies — she’s the founder of StartUp Fashion and I run Factory45 — but we like to combine efforts every once in a while to help as many new designers as we can.

So for the last time this year, we’re going to host one more free class for all of you. 

And this one will focus on how to make a lasting impact on your brand that you can implement immediately.

On Tuesday, 9/17 join us for:

4 Steps for Making Massive Progress in Your Fashion Business

Here’s what we’ll be covering:

  • Mindset – confidence, fear, perfectionism and how to manage the mental game of running your own business
  • Business Operations – how to avoid over-planning & over-analyzing, how to create systems, how to implement scheduling tools and how to cut down on procrastination
  • Goal Setting – we’re talking actionable tasks vs. big picture ideas
  •  Finding Community – accountability, emotional support, collaboration, referrals & feedback

Again, this conversation is happening on Tuesday, September 17th at 8pm ET / 5pm PT.

Spots are limited to just 100 attendees so claim your spot here.

We’ll also open the conversation to Q+A at the end so bring your questions!

Nicole and I are all about “walking the walk” instead of just “talking the talk.”

So if you truly want to improve your business (no matter what stage you’re in), then you have to take action to do it.

Free classes like this are one of the best ways to spend your time, so don’t miss this opportunity. 

(Anyone who has joined us before knows we make it worth your while.) 

Click here to RSVP to join us.

Hope to see you on Tuesday!

 


 
 
 

P.S. Know someone who would love to join us? Share this link with them!

 

 

This is a guest post from Brianna Kilcullen, the founder of Anact and a student of my Kickstarter course, The Crowdfunding Factory.

Today she’s sharing three things she’s learned about creating a Kickstarter campaign for anyone else who is considering it as a launch strategy. 

Here’s Brianna… 

I’ll begin by saying, I’ve never done a crowdfunding campaign before. Like ever. Knowing that I needed to create one to kickstart my business, I was on the hunt for a good resource that could help guide me along the way.

When I found out that Shannon ran one of the most successfully funded Kickstarter fashion projects at the time and had built an online course based on best practices, recommendations and preferred resources — I knew I had to take it. 

It was quick, simple and incredibly applicable. Thinking through the entire crowdfunding process before beginning helped prepare me for the highs and the lows and be proactive instead of reactive.  

Here are my top three takeaways: 

#1. CONSISTENCY. 

One of the biggest takeaways from The Crowdfunding Factory is that consistency is one of the most important parts of starting a business. More so than making a single ultra creative post or product. 

It can take seven interactions with a brand before a person decides to take action with a product or service. So I knew that in order for my business to be successful, I needed to make sure my content was being seen. 

I snagged up every social media account, and then I picked specific social media platforms that my target market frequented to maximize the return on investment aka my time and energy!  Anact is now on Instagram, Twitter, Facebook, LinkedIn, and my personal accounts.  

Consistency also means that I needed to be posting frequently. So Anact went from posting about once a day to posting 3 times a day (for now).  PS: Social Sprout has become my go to for scheduling synchronized social media posts.

Three times a day seems a bit extreme; however, our backers will come from all different time zones and we believe it was important to make posts that could be seen from various time zones until our Kickstarter launches. Once we launch, we will post less, but we will now make sure we post on a schedule so that we are always consistent. 

kickstarter

#2. RE-SHARE. 80% of your time should be spent promoting content you’ve already made.

Adding onto the consistency train, promoting your content should be a high priority. We learned not to spend all our time creating new content (blurbs for posts, pictures, etc.) and realized that we needed to share and share and share and share our current content so that more people can see it and so our time spent creating that content doesn’t go to waste. 

To help with that, we started paying Instagram and Facebook to promote our posts so that it reached our target audience easier. We also encouraged our friends, family, and fans to share our content.  #freeinfluencers

Prior to launching Anact, I wasn’t even active on social media. I have to say that I have been really amazed at the opportunity it holds in promoting your business and connecting with amazing people all over the world. 

#3. SPREAD THE WORD.

If you’re a startup founder like me, you are most likely spending most of your time on the product creation process. We all saw what happened with FYRE Festival — a hyped up marketing campaign with a bad product is no bueno.

So once you have perfected your product, you’ll need to navigate the press circuit and promote all of your hard work so you can share with the world! Shannon’s guidance and personal press contact list was instrumental in understanding how to navigate this aspect of startup life.  

Terms such as “editorial calendar” and “press pitch” have become ingrained in my vocabulary as we prepare for our Kickstarter launch.  

There are many more insights and takeaways that I have gained, but the common theme in each takeaway has been that it has created confidence in myself and the crowdfunding process and for that – I am incredibly grateful! 

-Brianna
Founder, Anact

Anact is short for “an act”. The simple act of creating impact. My simple act was developing a hemp-based towel that is good for all people and the planet. 

When you buy a towel, you’re already taking action and making a difference.  We hope you take it a step further and each time you use the Anact towels you’re inspired to take simple acts to create impact too.


crowdfunding cta

The fashion industry is competitive — there’s no doubt about it.

And yet, it’s not hard to find new, successful brands popping up across the industry.

No one knew about Everlane until it became Everlane.

No one knew about Reformation until it became Reformation.

And no one knew about Summersalt until… well, you get the idea.

There is room for you and the brand you want to create.

The key is to position yourself in a way that sets you apart from everyone else.

In today’s video, I’m going to share three ways to market your brand so that it attracts customers.

What’s your brand’s “X factor?” I’ve provided three different ways to think about.

Now it’s up to you to define that X factor for yourself.

Need some help? Leave a comment below the video and we’ll talk it out : )

 


Last week I *hopefully* convinced you that it’s not only worth the time and effort to blog about your fashion brand, but it’s imperative. If you missed that post you can read it here.

Today I want to talk about the not-so-sexy side of creating content for your brand and why your blog strategy depends on these three letters:

S
E
O

SEO stands for “search engine optimization” — Wait! Before your eyes glaze over and you click away… let’s take a pause for a puppy break.

Okay, still with me?

In layman’s terms, SEO is the language that the internet speaks and is the reason that some articles rank on the first page of Google and why a very similar article could be buried in the depths of the cloud.

Why is this important to you? Because you want to rank on the first page of Google.

Why should you care? Because it’s one more way that your target customers can find your business.

It looks like this:

Cara has a sustainable fashion brand that sells five-piece capsule collections through her Shopify store. 

Cara also has a blog that features articles about minimalism, sustainability, ethical fashion, travel, clean beauty and other topics that appeal to her ideal target customer. 

Now, here’s where SEO comes in.

Because her blog titles are “optimized” for the “search engines” with “keywords,” her blog posts come up when her ideal target customer searches for a topic she’s written about.

So, let’s say a potential customer is searching on Google, looking for bloggers to follow who have sustainable wardrobes. 

The very first article that appears on Google’s front page is Cara’s article: 10 Bloggers Who Will Inspire Your Sustainable Wardrobe

SEO

The potential customer clicks on Cara’s blog post, finds herself reading valuable and engaging content and knows she’s found exactly what she was looking for.

What happens next?

Maybe the potential customer clicks away, but it’s far more likely that one of three things happens:

  1. She clicks over to another related blog post and stays on Cara’s blog longer.
  2. She is invited to subscribe to Cara’s email list through an email opt-in.
  3. She clicks over to Cara’s Shopify site where she realizes that not only does Cara blog about sustainable fashion, she has an entire line of sustainable fashion to purchase!

Do you see how powerful this machine of SEO and blogging works?

The task of creating blog content is something that can benefit your brand for months and years to come. 

Okay, so now that I’ve *hopefully* convinced you that SEO is important to your blog strategy, it begs the question — how do you get started optimizing and finding keywords to write about?

First, I would encourage you to install an SEO plug-in to whichever blog platform you’re using (I use Yoast for WordPress.) 

This will help you find keywords and optimize your blog posts — there’s an easy red light, yellow light, green light system that Yoast uses to tell you if you’re good to go.

Beyond that, there are people much smarter than me who have written all about SEO, so I’m going to link to them below:

  • If you prefer reading, HubSpot has a very thorough guide here
  • If you prefer listening, Jenna Kutcher has an SEO podcast here.
  • If you prefer outsourcing, current Factory45’er Gabbby Covay runs an agency that provides SEO services here.

And if you want to take a closer look at Cara as my guinea pig, her blog is here and her brand is here

She’s also a Factory45 alum, so I’ve been able to witness from the beginning how she’s built each block of her business strategy (it’s impressive).

These technical things are what we, as creatives, tend to avoid but I’m here to tell you, there’s no point in blogging for the sake of blogging.

There needs to be a consistent strategy around what you write about, and SEO is a big part of that.

Phew. I know. It’s a lot of work… More puppies?

You can do this.