You're listening to gift biz unwrapped episode 135.
Speaker:Guess this was very much an accident.
Speaker:Hi, this is John Lee Dumas of entrepreneur on fire,
Speaker:and you're listening to the gift to biz unwrapped,
Speaker:and now it's time to light it up.
Speaker:Well, hello,
Speaker:and thank you for joining me on the show today.
Speaker:If you're a gifter Baker,
Speaker:crafter or maker,
Speaker:and you own a brick and mortar shop sell online or
Speaker:are just getting started here is where you will find insight
Speaker:and advice to develop and grow your business.
Speaker:And if you want even more gift biz motivation,
Speaker:I'd like to invite you to join our private Facebook group
Speaker:called the gift is free.
Speaker:Pursuing your dreams should be fun,
Speaker:exciting, and rewarding,
Speaker:not stressful and scary.
Speaker:When you join the breeze.
Speaker:It's like sitting in the park with friends who bring you
Speaker:all the support and the answers that they're looking for.
Speaker:You have access to a group of amazing creators along with
Speaker:tools and resources that can catapult your business growth and a
Speaker:heads up.
Speaker:If you're listening right now,
Speaker:as this episode is released or shortly thereafter,
Speaker:you'll want to get over to that group.
Speaker:So I have several special opportunities happening there right now,
Speaker:but you have to be part of the group to participate.
Speaker:I'm talking about three opportunities to affect your business this year.
Speaker:So don't delay to join the group.
Speaker:Go over to gifted is breeze.com.
Speaker:I look forward to seeing you over there,
Speaker:but for now,
Speaker:let's get onto the show today.
Speaker:I have the pleasure of introducing you to Liz Wayne Wayne's
Speaker:world in 1987 Louise's career began where most designers meet at
Speaker:Barney's of New York.
Speaker:There, she made a name for herself with a single napkin,
Speaker:Liz Valter couture linen collection into a lifestyle brand with a
Speaker:hole in 1200 luxury retailers worldwide.
Speaker:Since then,
Speaker:she's been intimately involved with such brands as the Thomas Kincaid
Speaker:collection of fine jewelry,
Speaker:nostalgia, health fashions,
Speaker:and SPL things remembered.
Speaker:And today she is a sought after consultant through her company
Speaker:Wayne's world,
Speaker:where she works with an elite list of top world brands.
Speaker:This prides herself on building businesses through developing relevant and compelling
Speaker:collections with products and services.
Speaker:She focuses on creating and implementing strategic initiatives across branding,
Speaker:product design and development and sourcing and licensing.
Speaker:I'm hoping today she's going to share with us some of
Speaker:her trade secrets and certainly her insights about the design industry
Speaker:today. Liz,
Speaker:I am so thrilled to have you on the show.
Speaker:Welcome. Thanks so much to it's pleasure to be here.
Speaker:So You know this already because you had to prep for
Speaker:this question and this'll be a no-brainer for you because it's
Speaker:a creative one.
Speaker:If you were to share a little bit about yourself in
Speaker:a different way,
Speaker:through creating your own motivational candle,
Speaker:describe for us what that would look like.
Speaker:So what would the color of the candle be?
Speaker:And then what would be a quote that you would put
Speaker:on your candle?
Speaker:Well, my candle would most definitely be an off-white pillar that
Speaker:would be inscribed on it.
Speaker:The theater hurts.
Speaker:So if not now,
Speaker:when I liked the idea of surrounding my environment and a
Speaker:blank slate,
Speaker:something that I can transform into whatever the mood is or
Speaker:whatever mood that I want to create.
Speaker:The purity that goes along with a white candle allows for
Speaker:unlimited possibilities and just gives you a good place to think
Speaker:forward and create the world that you want.
Speaker:It's a perfect start for us,
Speaker:Liz, because a lot of the people who are listening right
Speaker:now are now thinking about a business or perhaps they've started
Speaker:a business and they're listening because they want more motivation.
Speaker:But in the beginning,
Speaker:especially when you decide you're going to go off on your
Speaker:own, it is a blank slate,
Speaker:right? You can create anything you want.
Speaker:The scary part sometimes though is how do you start?
Speaker:Like you think you have to be perfect right from the
Speaker:beginning. Right?
Speaker:So to talk about maybe your canvas,
Speaker:just picking that first color and making that first stroke,
Speaker:even in a business can be kind of hard.
Speaker:Talk to us a little bit about how your career began
Speaker:way back.
Speaker:I'm thinking in the late 1980s,
Speaker:I'm guessing,
Speaker:Right? Oh yeah.
Speaker:Actually before that,
Speaker:it's interesting.
Speaker:When you think about it,
Speaker:because I think you bring up a really important piece here,
Speaker:which is just the scariness taking that first jump.
Speaker:And I had a lot of good luck and my business
Speaker:was very much,
Speaker:it came out of an accident,
Speaker:but anybody who knows me and watched me grow up really
Speaker:would not be surprised.
Speaker:I was very entrepreneurial as a kid.
Speaker:I actually sold the most girl scout cookies in Los Angeles.
Speaker:Oh, you were one of those back in the early seventies.
Speaker:I can sell ice to Eskimos,
Speaker:but I have to love that ice.
Speaker:So I was always very entrepreneurial.
Speaker:I ran a business in high school and I always was
Speaker:very creative for a sixth grade graduation.
Speaker:I got to decorate my room and I found bedsheets that
Speaker:I loved right away,
Speaker:but my mother wanted to wallpaper the room.
Speaker:And it took about two years for me to find a
Speaker:wallpaper that I could agree to wallpaper my room with.
Speaker:So my mother should have known very early on that I
Speaker:had very particular taste and I knew what I wanted.
Speaker:I just took a while and finding it.
Speaker:So it's interesting because I went to university and I have
Speaker:a degree in economics and city planning.
Speaker:I had my eyes on business school and the seemed,
Speaker:it was a soft way to actually get myself into investment
Speaker:banking, which was kind of what I always thought that I
Speaker:would do being a child of the seventies,
Speaker:but interestingly enough kind of time to shop for college.
Speaker:And I had a hard time finding bedsheets.
Speaker:And so I didn't like the choices that were out there.
Speaker:And at the time I remember it took quite some time,
Speaker:but I found this brand new brand,
Speaker:Mary Meko,
Speaker:and I bought those sheets.
Speaker:I actually still have them today.
Speaker:I use them in terms as a painting.
Speaker:Okay. Can I just tell you that my college bed sheets
Speaker:are also Marimekko and I also still have them.
Speaker:Oh, you're kidding me.
Speaker:I'm not even kidding you.
Speaker:We have the same one.
Speaker:So anyway,
Speaker:that's so funny.
Speaker:But back in the seventies prints were not what they are
Speaker:today and there wasn't the range in the selection.
Speaker:And anyhow,
Speaker:so I was on my way to get my MBA and
Speaker:I took a turn and of course of events happened and
Speaker:I decided actually to go to New York and pursue a
Speaker:career in design.
Speaker:And I had convinced my family that I could actually have
Speaker:a year at design school and get a great job in
Speaker:textile design.
Speaker:So You were already in college and then you're like,
Speaker:this is not really working for me.
Speaker:My passion is somewhere else.
Speaker:And so you made that switch through college,
Speaker:right? Well,
Speaker:actually I graduated college with honors with a degree in economics
Speaker:and it applied and been accepted to get my MBA.
Speaker:Oh, so you were well on the road when you made
Speaker:the change Deferred my admittance and I convinced my grandparents that
Speaker:they should support me for a year in New York and
Speaker:I could get a great job.
Speaker:And so they said fine.
Speaker:And I ended up going to Parsons and I studied surface
Speaker:pattern design because I wanted to design bedsheets,
Speaker:but dating back to,
Speaker:I couldn't find sheets that I liked.
Speaker:And as the situation would have it at the end of
Speaker:my year,
Speaker:my grandmother,
Speaker:I remember her writing me a letter and reminding me that
Speaker:I had agreed to a year of school and that I
Speaker:would find a great job.
Speaker:And so I did in fact,
Speaker:find a job selling printed fabric,
Speaker:not designing fabric.
Speaker:So I ended up getting a job in decorative fabric,
Speaker:selling it,
Speaker:Stop you here real quick,
Speaker:because this is really important for all of us to always
Speaker:continue to remember is when you were just going on your
Speaker:normal day,
Speaker:right, you were getting ready for college.
Speaker:You had identified whether you knew it or not.
Speaker:Liz, I need in the market that if you had possibly
Speaker:other people had,
Speaker:which was,
Speaker:you couldn't find what you wanted.
Speaker:You couldn't find the designs that you liked.
Speaker:And instead of just glossing over that,
Speaker:you recognize that as an opportunity.
Speaker:So I would challenge anyone who's listening,
Speaker:who is thinking they want to get into something,
Speaker:but they're not sure what it is.
Speaker:Keep that radar up.
Speaker:What is it as you go along your life,
Speaker:are you looking at that?
Speaker:You can't find exactly what you need or you're trying to
Speaker:do something.
Speaker:And it's really hard to do that could be an idea
Speaker:that could trigger a whole business for you just as it
Speaker:did for Liz.
Speaker:The other thing that I think was really good,
Speaker:Liz is your grandmother challenging you and saying,
Speaker:okay, now you've got your degree.
Speaker:Now you said you were going to get the job.
Speaker:So she almost pushed you into action,
Speaker:whether you were going to do it or not.
Speaker:Accountability is a big thing.
Speaker:So I think we all need to surround ourselves with a
Speaker:method to hold us accountable because you can kind of get
Speaker:lost and go down too many detours.
Speaker:But I think something that you bring back to,
Speaker:which I've never really thought of is that I think that
Speaker:one of the biggest reasons to start a business is to
Speaker:find a void in the marketplace.
Speaker:And this is something that I talk to people about all
Speaker:the time when they are deciding whether or not to start
Speaker:a business or not.
Speaker:And so if you have a void,
Speaker:if you have identified a void and you have an ability
Speaker:to fill that void,
Speaker:that is a big trigger to actually start a business.
Speaker:I subliminally I'm not exactly sure that I pack in the
Speaker:early eighties had quite gone after that point,
Speaker:but let's just say kismet absolutely did.
Speaker:But fast forward a few years,
Speaker:it's interesting because I was reading an article about a gal
Speaker:who sold decorative fabric.
Speaker:And my mother had told me that if I ever read
Speaker:an article about somebody that I thought I'd like to meet,
Speaker:that I should always write them back a letter.
Speaker:This is back before there was email or anything.
Speaker:We're talking 1985 and tell them that you want to meet
Speaker:them. And that's actually what I did.
Speaker:I wrote this total stranger,
Speaker:a letter.
Speaker:She had an article about her in a magazine.
Speaker:I found her address.
Speaker:I probably called the magazine and found out how to contact
Speaker:her. And I made a meeting and we met and she
Speaker:liked me.
Speaker:And she gave me a job.
Speaker:The interesting thing that I can relate back to the world
Speaker:today is that appearances are not always as they seem,
Speaker:because it is article that was in a home furnishings magazine
Speaker:made this gal looked like a big fancy fabric manufacturer.
Speaker:When in fact truth is she was a trust fund baby
Speaker:who wanted to have a fine art career.
Speaker:She was actually painting fabric and upholstering fabric as a means
Speaker:to launch a fine art career.
Speaker:And she gave me a job earning $10 an hour to
Speaker:do her books.
Speaker:Not that I knew the first thing about accounting,
Speaker:but I read the first chapter of an accounting book.
Speaker:And I basically became her best friend and used to hang
Speaker:out with her all the time.
Speaker:Interestingly enough,
Speaker:this gal who was very well connected,
Speaker:another person wrote an article about her.
Speaker:It wasn't really an article about her,
Speaker:but rather think about when you're looking through the pages of
Speaker:bone Appetit or food and wine,
Speaker:there's the recipe of the chicken that you are going to
Speaker:make. But it's also displayed on a plate with silverware and
Speaker:a napkin.
Speaker:And what had happened is this editor had taken one of
Speaker:my friend's painting rags,
Speaker:literally one of her painting brags,
Speaker:and she ironed it and use it as a napkin.
Speaker:And so back in the day,
Speaker:when you were part of a magazine article,
Speaker:there was in the back of the magazine,
Speaker:a list of resources,
Speaker:and you would write the magazine and tell them you wanted
Speaker:more information about the product.
Speaker:And so what we got back were these triplicate forms of
Speaker:labels to send back information,
Speaker:to inquiring readers,
Speaker:Two inquiring readers who wanted to know about how they could
Speaker:purchase a rag napkin.
Speaker:Exactly. That's Crazy This to the internet and everybody is mad
Speaker:about social media and looking at Snapchat and Instagram,
Speaker:and you're all thinking,
Speaker:wow, how do I look this good?
Speaker:And how can I come across this way?
Speaker:You know,
Speaker:sometimes it's just an accident or sometimes it's really just Trump
Speaker:lawyer and that it doesn't really exist.
Speaker:And that's one of the things I think that this generation
Speaker:of entrepreneur can really,
Speaker:you can create a business out of thin air.
Speaker:So again,
Speaker:if you will,
Speaker:it, it is no dream.
Speaker:If not now,
Speaker:when, so I literally suggested to my friend that,
Speaker:well, all we have to do is put together a tear
Speaker:sheet of six styles of these napkins and you can sell
Speaker:them and she wanted to have income.
Speaker:She didn't want to just be taking money from her trust.
Speaker:And I said,
Speaker:you want a business?
Speaker:Here's a business.
Speaker:And she's like,
Speaker:well, I don't have any interest in doing this.
Speaker:You should do this.
Speaker:I'm like,
Speaker:I can't do this.
Speaker:You should do it.
Speaker:And so we did this back and forth in any way.
Speaker:She wasn't going to do it.
Speaker:And fast forward I did it and a complete and total
Speaker:accident and less than a year later,
Speaker:my product was in Barney's.
Speaker:Then I was in Bergdorf's.
Speaker:Then I started doing the complete assortment of table and ends.
Speaker:We did bath towels.
Speaker:We started doing baby bedding,
Speaker:adult bedding,
Speaker:and it turned into a whole lifestyle brand.
Speaker:So it was really very much an accident.
Speaker:This is a spectacular story.
Speaker:First, before we go into this with all these questions for
Speaker:you, Liz,
Speaker:I just want to make this point that you had mentioned
Speaker:that when you see someone who's published in a magazine or
Speaker:their online presence looks so stellar,
Speaker:they look like this star in their field.
Speaker:It doesn't mean that they're not,
Speaker:but it doesn't mean either that they're not approachable.
Speaker:And it's really important to remember,
Speaker:cause think about it for yourself.
Speaker:I mean,
Speaker:you put up always the best things on social media or
Speaker:wherever you are.
Speaker:Everyone's seen the edited reel of your life and your career.
Speaker:And Liz's example in terms of being a letter here,
Speaker:it could be maybe in this day and age,
Speaker:a tweet or connecting up with them through direct message on
Speaker:Instagram or whatever it is.
Speaker:People can still be approached.
Speaker:And they're honored many times when people do approach them.
Speaker:So I think it's probably something,
Speaker:not many people do Liz.
Speaker:And I think it's a great thing that you brought up.
Speaker:Well, I think it's really important for everybody to remember that
Speaker:we're all people and we all started somewhere.
Speaker:You very few people are Dylan,
Speaker:Lauren, Ralph Lauren's daughter of Dylan candy,
Speaker:who had a father who was the King of design merchandising
Speaker:and licensing.
Speaker:So most of us started literally from nothing and built a
Speaker:business and how we've come through that journey.
Speaker:Each of us are different for our experiences,
Speaker:but I will tell you that it's always an honor to
Speaker:be able to help others along that journey and to give
Speaker:back and pay forward.
Speaker:Another thing about my story,
Speaker:I think that's really kind of important to share is that
Speaker:I like to call myself the first Jewish son and there
Speaker:were great things expected of me growing up.
Speaker:I was very verbal.
Speaker:That's a burden in a way.
Speaker:Well, I will tell you that.
Speaker:I do believe had I not moved to New York city,
Speaker:an entire continent away from my family.
Speaker:I don't know that I would have started this business.
Speaker:There was nobody watching every little step.
Speaker:I had a lot of independence.
Speaker:I was on my own.
Speaker:I got to make my own mistakes and correct my own
Speaker:mistakes. And my family was very,
Speaker:very supportive,
Speaker:but I didn't have to endure their continual scrutiny because there
Speaker:was no scrutiny.
Speaker:Got it.
Speaker:In that.
Speaker:I think that that was a big thing for me because
Speaker:I had the freedom to create and to make my mistakes
Speaker:and not have them gone over it.
Speaker:Wasn't a constant discussion every Sunday night at family dinner.
Speaker:Well, it was how did you then stay motivated?
Speaker:I'm sure there were some times when it was frustrating or
Speaker:you weren't sure what to do.
Speaker:Like how did you,
Speaker:is it just something that's already innate in you that keeps
Speaker:you going?
Speaker:I'm pretty focused and I'm pretty motivated.
Speaker:So I would say that that's not something that I needed
Speaker:somebody to light a fire under me as my business grew
Speaker:going back ahead.
Speaker:I think that it's important to surround yourself with your trusted
Speaker:people, your board early on.
Speaker:It was suggested to me that I gather people with whom
Speaker:I trusted from a variety of disciplines who could advise me
Speaker:in the big decisions that I made.
Speaker:And so I was lucky that I had a group of
Speaker:mentors, if you will,
Speaker:from across my life,
Speaker:that really helped guide me.
Speaker:And I think that that was a big thing.
Speaker:Stop you here for just a second too,
Speaker:in that having some people who have a different eye on
Speaker:your business,
Speaker:they're looking at it from a different perspective is super valuable
Speaker:as, I mean,
Speaker:that's a lot of reasons why people will hire business coaches.
Speaker:They need someone who's understanding what doing,
Speaker:but is sitting a little bit outside of the business.
Speaker:Now, when you actually create a business,
Speaker:you don't legally need to have a board of directors unless
Speaker:you're going to be a corporation.
Speaker:But even if you're an LLC or an S Corp,
Speaker:it's not a bad idea.
Speaker:Like Liz has just been sharing here to gather some people.
Speaker:Maybe they're not involved in the intimate numbers behind your business,
Speaker:but grab a couple people who come from different disciplines where
Speaker:you can all share each other's businesses,
Speaker:challenges, et cetera.
Speaker:This type of a concept is now called masterminding,
Speaker:right? And you can certainly create something like that for yourself
Speaker:and loses sharing here.
Speaker:How valuable it's been to her.
Speaker:Absolutely. One thing I remember very clearly about my early days
Speaker:of being in business and my peers who are also thinking
Speaker:about doing businesses,
Speaker:my business was very much an accident.
Speaker:It literally an opportunity happened.
Speaker:I took advantage of that opportunity and then I worked really,
Speaker:really hard honing and fine tuning.
Speaker:And I learned a lot along the way,
Speaker:but I also watched several friends think their businesses to deaths.
Speaker:And I remember thinking back to a girlfriend of mine from
Speaker:university who was actually getting her MBA and she saw this
Speaker:really cool ring watch in Europe when she had been traveling
Speaker:on vacation.
Speaker:And she wanted to make that a reality in the U
Speaker:S because we didn't have those over here at the time.
Speaker:This is again,
Speaker:back in the mid eighties.
Speaker:And I remember her putting together a whole business school plan
Speaker:for this business and the financing and everything around it.
Speaker:And by the time she got done with it,
Speaker:it was already in the market.
Speaker:So I think that there is something to be said about
Speaker:when you identify a boy,
Speaker:then to be able to jump on it and make things
Speaker:happen. Excellent point,
Speaker:let's go back to the single napkin,
Speaker:which now it's all clear.
Speaker:I said that in the intro and it didn't no know
Speaker:the story.
Speaker:And now I like the story even more.
Speaker:But if someone is sitting in that type of a situation
Speaker:right now,
Speaker:they've identified,
Speaker:they've been thinking about something.
Speaker:What are the first steps that you would take to start
Speaker:taking some action?
Speaker:Let's say someone really,
Speaker:isn't sure they have the idea,
Speaker:but they're not sure what to do.
Speaker:Do you start right away and establish a company?
Speaker:Do you start a prototype?
Speaker:Like how would you get started with this?
Speaker:How did you get started with the napkin?
Speaker:What were the first steps To fine tune my story a
Speaker:little bit.
Speaker:I actually received,
Speaker:and again,
Speaker:I made it up as I went.
Speaker:So what the nuts and bolts of the story are that
Speaker:I had received a directory for all the bed bath and
Speaker:linen companies that were in the marketplace.
Speaker:And it was an annual directory.
Speaker:And all the subscribers were asked to list their businesses in
Speaker:this directory.
Speaker:And so I filled a form and I had,
Speaker:this is before my business was started.
Speaker:And even before I even conceived the business and I made
Speaker:up a business and I called it Liz Wayne designs,
Speaker:and they said,
Speaker:what do you make?
Speaker:And they probably had about 50 product categories that you would
Speaker:circle what you manufactured.
Speaker:And so I literally went through and circled every single category.
Speaker:I thought that I could hand paint because that's what the
Speaker:member going back to the bone Appetit food spread.
Speaker:It was a hand painted napkin in the food spread.
Speaker:And so I probably circled maybe 20 or 25 different categories.
Speaker:And I mailed back this form and I completely forgot about
Speaker:it. So when fast forward,
Speaker:I'd say four or five months,
Speaker:I'm picking up my mail and I'm looking at my mail
Speaker:and I'm going to date myself here.
Speaker:I turn on my phone machine and I listened to my
Speaker:messages. And there's a message from the corporate buyer at Macy's,
Speaker:who wants to make an appointment to see my line.
Speaker:And you have no line,
Speaker:right? I don't even know what the guy's talking about.
Speaker:How's he see my line.
Speaker:And so I'm literally in my bedroom with my mail in
Speaker:my hands,
Speaker:and there's this like two inch thick book,
Speaker:and I'm going through the book and there I am in
Speaker:black and white Liz Wayne designs.
Speaker:And they have my address and I have,
Speaker:it's probably a three inch ad or posting listing.
Speaker:Cause I didn't pay for it.
Speaker:And everybody else's listing is like a half of an inch
Speaker:because they make three things.
Speaker:They make potholders,
Speaker:kitchen, aprons and towels,
Speaker:but I make everything,
Speaker:Oh my gosh.
Speaker:I'm like,
Speaker:wow, look at this.
Speaker:And so again,
Speaker:I had the gift for gab.
Speaker:I was always very like on the spot.
Speaker:And so I called back the person who had left the
Speaker:message. And I told him that I would be creating my
Speaker:new spring collection and I would be happy to preview it
Speaker:for prior to market.
Speaker:And we made an appointment for him to see my new
Speaker:spring line.
Speaker:And that was that.
Speaker:And I called my then boyfriend,
Speaker:who eventually became my husband.
Speaker:And I said,
Speaker:Eric, Eric,
Speaker:I've got an appointment to show Macy's my line.
Speaker:He's like,
Speaker:yeah, what line?
Speaker:I said,
Speaker:this is great.
Speaker:And I said,
Speaker:my hand-painted napkins.
Speaker:He was like,
Speaker:you don't have one.
Speaker:I said,
Speaker:I know,
Speaker:but well,
Speaker:so what ended up happening?
Speaker:And granted,
Speaker:I knew a lot of,
Speaker:I had been keeping my eyes open.
Speaker:I was in this industry peripherally.
Speaker:I mean,
Speaker:I was a kid.
Speaker:I was 24,
Speaker:25 years old in New York.
Speaker:I was all over town.
Speaker:I was looking and being aware of things,
Speaker:but I went to a trade show and I found several
Speaker:different types of napkins.
Speaker:And I decided that I liked him,
Speaker:stitch napkins and hem stitch,
Speaker:or the hand drawn pull threads that people's grandmothers.
Speaker:They learned how to do this in school.
Speaker:So I identified a fabricated napkin that I liked in a
Speaker:place mat.
Speaker:And I literally bought three dozen of each and I hold
Speaker:myself up.
Speaker:My then boyfriend's medical school dorm.
Speaker:And in two weekends I put together a line of like
Speaker:10 minute napkins and 10 placemats.
Speaker:And I went off and I showed the buyer the line,
Speaker:he bought it,
Speaker:I quit my job.
Speaker:And I started a business.
Speaker:So I guess I got lucky and he bought the land
Speaker:Nine. So you were showing him your original pieces.
Speaker:What do you do then to actually get it to be
Speaker:a mass product that then can be in 1200 luxury retailer?
Speaker:My collection,
Speaker:my couture collection,
Speaker:as I referred to,
Speaker:it was always hand painted one at a time with a
Speaker:brush. And initially I painted everything myself.
Speaker:And then when the demand for my product grew,
Speaker:I started to hire people that I went to design school
Speaker:with. And then I started to hire other people and the
Speaker:business grew over time.
Speaker:So again,
Speaker:it was kind of a lot of crazy things happened.
Speaker:And I got this initial order.
Speaker:Macy's Herald square was reopening.
Speaker:They had gone through this major renovation.
Speaker:And so my napkins were purchased to kind of highlight,
Speaker:be the showcase around this new department.
Speaker:And so my first order was for five dozen placemats and
Speaker:five dozen napkins and probably took me,
Speaker:I don't know,
Speaker:three weeks to paint those pieces.
Speaker:And then I went and I went to Los Angeles where
Speaker:I was from.
Speaker:And I went to the store where my mother registered for
Speaker:linens and I showed them my samples and they placed an
Speaker:order. So then I had to paint that order.
Speaker:And then every time I went to a new town,
Speaker:when I went to visit my future in-laws I went to
Speaker:the fancy bridal registry in West Hartford and they bought my
Speaker:linens. So I was having a big stroke,
Speaker:a lot everywhere.
Speaker:I went purchase my stuff.
Speaker:And then another moment of serendipity,
Speaker:I lived about five blocks from Barney's and I went into
Speaker:Barney's just to kind of survey the land.
Speaker:It was very intimidating to me.
Speaker:I mean,
Speaker:I was a kid with no money and I knew Barneys
Speaker:was a fancy store,
Speaker:but I also knew I couldn't afford anything in the store,
Speaker:but I went in nonetheless and I checked out the linen
Speaker:department and the manager of the Lin department stopped me.
Speaker:And she asked me when she started talking to me and
Speaker:I was asking her about these napkins while people have called
Speaker:me the mother of the hand,
Speaker:painted niche and home furnishings.
Speaker:I'm not the first person to paint a napkin.
Speaker:And there was a line of napkins there that were hand
Speaker:painted. And I inquired about those napkins.
Speaker:The manager was telling me how they didn't sell and couldn't
Speaker:give them away.
Speaker:And I said,
Speaker:well, I have a line of hand painted napkins,
Speaker:but they look nothing like this at all.
Speaker:And so she actually said,
Speaker:well, I'd love to see them.
Speaker:We made an appointment.
Speaker:And again,
Speaker:I had to come up with something completely different because the
Speaker:line of napkins that were there were very contemporary and my
Speaker:initial collection was very contemporary.
Speaker:And so they were very whimsical.
Speaker:So what ended up happening is I came up with the
Speaker:idea to just create a solid border around a hem stitch
Speaker:napkin, which is when you refer to a single napkin,
Speaker:that's my goal border solid border napkin was really what launched
Speaker:my business.
Speaker:You know,
Speaker:when I listened to your story,
Speaker:there are two words that come out to me.
Speaker:One is courage.
Speaker:And the other is bravery because it's like scary to walk
Speaker:all the different steps that you did,
Speaker:but you did it anyway.
Speaker:Had you not had you rethought it or like,
Speaker:Oh, it's just me.
Speaker:They'll never be interested.
Speaker:You didn't do any of that.
Speaker:You took a step each and every time It didn't even
Speaker:occur to me.
Speaker:I had no reason to be scared.
Speaker:I was a kid.
Speaker:I didn't know any different for people who are older.
Speaker:It is scary.
Speaker:Absolutely. But I figured why not just go for it?
Speaker:It kind Of goes back to don't overthink this,
Speaker:Please. Don't you have something and you like it and your
Speaker:friends, like it,
Speaker:go with it.
Speaker:I mean,
Speaker:give it a shot.
Speaker:But your question to go back is how do you go
Speaker:about doing all this is that you have to have a
Speaker:sense of what the marketplace is and what things cost.
Speaker:So when I went into Barney's and they had this very
Speaker:whimsical napkin,
Speaker:and it didn't sell,
Speaker:I knew that I needed to come back with something that
Speaker:was truly very simple,
Speaker:very tailored.
Speaker:And I came back with an idea that was completely the
Speaker:opposite of what I ended up showing her.
Speaker:She ended up buying and she bought a lot of it
Speaker:because she wanted an exclusive from Bergdorf Goodman.
Speaker:And so at the time I sold her,
Speaker:I want to say like $10,000
Speaker:worth of two items,
Speaker:which back then was a lot.
Speaker:And I said that she could have a six month exclusive
Speaker:and not sell it to burgers.
Speaker:The big thing that really happened that cemented the launching of
Speaker:this business was that I delivered these napkins to Barneys the
Speaker:week before the tabletop show.
Speaker:Now I didn't even know that again,
Speaker:this was a lot of kismet,
Speaker:but back in the day,
Speaker:when buyers would come to New York to tabletop market,
Speaker:they would come in early and they would go to Bergdorf's
Speaker:and they would go to Barney's and they would see what
Speaker:lines these stores had.
Speaker:And they would then look to the marketplace to try to
Speaker:purchase these lines.
Speaker:These two stores were truly the trendsetting stores in the country.
Speaker:And because I was in Barney's and I also was at
Speaker:the tabletop show,
Speaker:it was my first trade show.
Speaker:People would come into my booth and would say,
Speaker:are these the napkins at Barney's?
Speaker:And I would say yes,
Speaker:and they'd write an order.
Speaker:Now I had no idea any of that was going to
Speaker:happen. So I think today it's a little different.
Speaker:Let me say,
Speaker:don't think it to death,
Speaker:but you do need to be aware of what's going on
Speaker:in the marketplace and what the trade shows are or how
Speaker:to bring your product to market.
Speaker:And there's many ways to do that now,
Speaker:which were not didn't even exist back in the day when
Speaker:I started my business.
Speaker:But similarly,
Speaker:to being in Barney's or Bergdorf's,
Speaker:you've got influencers out there,
Speaker:there's still retail stores that are highly coveted.
Speaker:You've got websites,
Speaker:you've got all different ways that you can get people to
Speaker:find out about your product.
Speaker:You can buy followers.
Speaker:I mean,
Speaker:you can go online.
Speaker:And if you have a strategy,
Speaker:a web strategy such that you actually can get out in
Speaker:front of people,
Speaker:push your Instagram or your Facebook to a broader audience.
Speaker:I mean,
Speaker:there's ways that you can get word out about your product
Speaker:depending on customer.
Speaker:I want to make sure to make this point really clear
Speaker:in terms of buying followers through social media,
Speaker:please, you guys don't fall prey to give me $500 and
Speaker:I'll get you 5,000
Speaker:followers because half of those are bats and they're not worth
Speaker:it. I think what Liz is referring to is Facebook ads
Speaker:are targeting to your correct community.
Speaker:So you're spending money to attract the right audience,
Speaker:but please don't go the other way,
Speaker:because that is just setting you up for a whole lot
Speaker:of trouble down the road.
Speaker:Sue, I think it's important to be a very aware consumer.
Speaker:So he'd,
Speaker:Sue's advice on this very specifically.
Speaker:So Liz,
Speaker:all of this sounds so great and there are challenges.
Speaker:There are road bumps along the way.
Speaker:Can you share with us something that has happened that makes
Speaker:us think you're even human,
Speaker:that you didn't just take all these actions and everything turned
Speaker:into gold and rainbows?
Speaker:Well, much of my early business success was an accident.
Speaker:I'm an incredibly strategic planner with always a plan B before
Speaker:I even knew what a plan B was.
Speaker:I was always prepared for a rainy day.
Speaker:When I started my business,
Speaker:it was very strategic in how I open new accounts.
Speaker:Barney's took a tremendous amount of care and a lot of
Speaker:attention to service that account as did Bergdorfs that I opened
Speaker:a year later and I opened every account with the same
Speaker:care and attention that I opened those.
Speaker:And some people had to wait over a year in order
Speaker:to receive my product,
Speaker:but I made sure that I only grew as fast as
Speaker:I could grow to service these accounts as I brought them
Speaker:on in.
Speaker:Was there something though that didn't work and you bring us
Speaker:to a story of a challenge or something that really got
Speaker:messed up that you had to fix or some type of
Speaker:a story like that?
Speaker:I imported all of my linen from Europe and there was,
Speaker:we had to plan an order in advance and Talking years
Speaker:ago now.
Speaker:So it wasn't as easy as it is now in terms
Speaker:of timing and getting it over,
Speaker:I would imagine,
Speaker:Well, we had to plan our production.
Speaker:And so we would plan out three months,
Speaker:six months after a couple of years,
Speaker:you kind of had a sense of the business cycle,
Speaker:but we ran into a problem where we lost a complete
Speaker:shipment of linen.
Speaker:And I ran out of linen at the same time that
Speaker:the demand for my product was increasing and our sales were
Speaker:going up and I had to switch suppliers at our busiest
Speaker:time of year.
Speaker:And that ended up being an enormous mess.
Speaker:And so there were limited ways where I could actually get
Speaker:the product that we painted on.
Speaker:And so I basically bought every piece of hem,
Speaker:stitch linen,
Speaker:but I could get my hands on from the three or
Speaker:four people that would import it into the United States.
Speaker:And what ended up happening in the end,
Speaker:because it was so stressful is that I ended up keeping
Speaker:a year's inventory of linen on hand at all times.
Speaker:So that whether it was a weather problem or linen problem,
Speaker:or you lose a shipment.
Speaker:So that never happened again.
Speaker:No, but I owned probably a hundred thousand dollars worth of
Speaker:blank linen at any one time and for a relatively small
Speaker:business, that was a huge investment,
Speaker:but it was one that was worth making because without the
Speaker:Lin, we couldn't ship our product.
Speaker:Yeah. Let's face it.
Speaker:You are working with some really prestigious companies and if you
Speaker:weren't able to fill their orders when they asked for it,
Speaker:you're not going to have much of a future.
Speaker:Sure. Well,
Speaker:and we were considered one of the most knocked off companies
Speaker:in the marketplace.
Speaker:It was very easy to replicate our product because it was
Speaker:literally a piece of hem,
Speaker:stitch linen that was painted.
Speaker:So, but I'm very proud to say that none of our
Speaker:premier retailers bought knockoff product.
Speaker:They stayed with us and we always,
Speaker:we had a signature product that we continue to deliver on
Speaker:time. And that was important to me and to make sure
Speaker:that people were serviced correctly.
Speaker:So this is It's interesting,
Speaker:Liz, because you could be knocked off.
Speaker:People could try and replicate what you're doing and offer it
Speaker:at a lower price,
Speaker:but they stayed with you.
Speaker:Was it because of the service?
Speaker:Partly the service.
Speaker:I think a lot of it had to do with the
Speaker:service it had to do with our integrity,
Speaker:very clearly known as the originator.
Speaker:It was my idea.
Speaker:And we grew that business and I made a lot of
Speaker:friends and I did favors for everybody.
Speaker:I really made myself indispensable to the people who were loyal
Speaker:to me.
Speaker:And so I think that that had a part of it.
Speaker:Excellent. You know,
Speaker:relationships, lots of times it always comes back to the relationships,
Speaker:right? Well,
Speaker:absolutely. And I'm still,
Speaker:I closed my couture business in 2000 and I still keep
Speaker:relationships with those people.
Speaker:And many of those people are the people who have since
Speaker:brought me business as a consultant.
Speaker:So I think that one's network is key and talk about
Speaker:like how to build a business.
Speaker:And to me,
Speaker:it's, it's all about who,
Speaker:you know,
Speaker:and how you can help them.
Speaker:And eventually one day they'll probably help you.
Speaker:This is a perfect segue into a conversation that you and
Speaker:I had had before we started recording here.
Speaker:And that is things are so different today used to be
Speaker:in the past that you had to get the eye of
Speaker:a top-line design name or something like that.
Speaker:And you were sharing with me your thoughts of how you
Speaker:feel things have changed.
Speaker:Can you talk about that a little bit with our listeners?
Speaker:Well, so much of the world today is impart social media.
Speaker:It is so important to have a very clean and focused
Speaker:and directed presence.
Speaker:Your website or your Instagram is your digital business card,
Speaker:if you will.
Speaker:But at the end of the day,
Speaker:it all comes back to the integrity of the brand and
Speaker:the integrity of the product.
Speaker:And so you have this opportunity to get your message out
Speaker:to millions and millions of people with a click,
Speaker:but it needs to be authentic.
Speaker:And it needs to be able to convey the true essence
Speaker:of your brand,
Speaker:your product.
Speaker:So it really,
Speaker:in the end circles back to the same reason that I
Speaker:started my business and became successful was that I had an
Speaker:original idea.
Speaker:That was a quality product.
Speaker:It was unique in the marketplace and it was sold through
Speaker:channels where people were interested.
Speaker:And that's not to say that you have to be at
Speaker:Barney's or Bergdorf's.
Speaker:I think that it's important to focus on understanding who your
Speaker:customer is.
Speaker:And that's really the first question that I talked to any
Speaker:client about today is understanding who is your client and what
Speaker:do they want and how do I get it to them?
Speaker:And that's where we start.
Speaker:And we build a strategic plan around beginning of business,
Speaker:around evolving a business,
Speaker:growing a business.
Speaker:A lot of time,
Speaker:my clients come to me because they have identified a void
Speaker:in the marketplace,
Speaker:but they don't know how to take their business in a
Speaker:new direction to solve that.
Speaker:Or I have people that have a great idea for a
Speaker:business, but don't know how to actually manufacture the product.
Speaker:There's all sorts of different reasons to start a business.
Speaker:And there's all sorts of different reasons to seek help or
Speaker:guidance. But again,
Speaker:maintaining that focus,
Speaker:the integrity and an authentic quality idea is really key.
Speaker:Yeah. And I think what you're also saying here is that
Speaker:you don't need to sit back like it used to be,
Speaker:although I didn't hear any part of your story where you
Speaker:sat back and waited,
Speaker:but you don't have to wait to get noticed or recognized
Speaker:you can initiate all of it.
Speaker:Absolutely. You have to have your brand defined.
Speaker:You have to have something.
Speaker:If people are interested somewhere to take them so that they
Speaker:can see,
Speaker:But that could be as simple as going into your local
Speaker:gift store and showing them this new product that you have
Speaker:a concept of and having them buy it and test it.
Speaker:There's nothing like getting customer feedback to understand what's great about
Speaker:your product and how you refine your product.
Speaker:I mean,
Speaker:the first napkins that I shipped to Barney's or when I
Speaker:say shipped actually walked to Barney's are a lot different than
Speaker:the ones I sold.
Speaker:Two months later,
Speaker:my product clearly evolved very quickly because we got customer feedback.
Speaker:So I encourage people with new ideas to put together a
Speaker:prototype they'll put together a couple dozen,
Speaker:take them,
Speaker:show them there's so many opportunities today with local farmer's markets
Speaker:or craft shows,
Speaker:holiday shows,
Speaker:or even local regional gift shows where you can actually talk
Speaker:to merchants to store owners,
Speaker:get feedback on your idea and you can evolve your concept.
Speaker:It doesn't have to stay exactly the same way.
Speaker:In fact,
Speaker:if it does things actually the same way,
Speaker:you're probably not doing something right,
Speaker:Right. It needs to change with the times with what's in
Speaker:fashion, for example,
Speaker:or customer base might change All of the above with my
Speaker:business with Liz Wayne,
Speaker:I will say that every two to three years,
Speaker:we introduce an entirely new product category because your customers need
Speaker:to see something new.
Speaker:They need to see that you are evolving.
Speaker:They might not buy it.
Speaker:They might only buy what they used to buy,
Speaker:but the newness is what's going to drive the growth of
Speaker:your business.
Speaker:I agree with you 100%.
Speaker:Okay. As we wind down here,
Speaker:I want to bring you in just a little bit of
Speaker:a different direction,
Speaker:kind of similar,
Speaker:but a little bit different,
Speaker:because I think this will really,
Speaker:really help people who are right on the edge.
Speaker:They're like,
Speaker:I get what Liz is saying,
Speaker:but I can't do that.
Speaker:Like how would I do this?
Speaker:So share with us a little bit.
Speaker:If you were advising someone,
Speaker:when you say,
Speaker:take them,
Speaker:show them.
Speaker:Okay. A lot of our listeners go to craft shows,
Speaker:maybe even a little bit more organized,
Speaker:larger trade shows,
Speaker:but in terms of walking into your local gift shop or
Speaker:kitchen shopper,
Speaker:whatever relates in terms of a product,
Speaker:get down to the specifics.
Speaker:Do you just,
Speaker:what would you suggest they do walk in call first?
Speaker:What do you say?
Speaker:Walk through a little bit of that for us?
Speaker:Well, I'll take you through my experience.
Speaker:And I think that it works somewhat the same way.
Speaker:I think you have to understand who your customer is and
Speaker:you need to see what's resonating or what they're doing well
Speaker:with. So do your homework.
Speaker:I think that you should be aware of the retailers in
Speaker:your area or the craft shows,
Speaker:understand what the environment is.
Speaker:So for instance,
Speaker:if you want to sell to your local artisan gift store,
Speaker:you need to be aware of how they merchandise.
Speaker:You need to have a sense of what they're doing well
Speaker:with, or if you're going to be at a local Renegade
Speaker:craft fair or market,
Speaker:understand what booths look like,
Speaker:what do the displays look like?
Speaker:Be prepared and understand what you like about how other people
Speaker:are merchandising their product and take away from that,
Speaker:how you would envision your product in that same kind of
Speaker:a space so that when you do go to a craft
Speaker:show or you do go into a gift store,
Speaker:you are able to present your product in a way that
Speaker:elevates your product and speaks to the customer.
Speaker:Be it the owner of a gift store or the people
Speaker:that are walking a craft show.
Speaker:So if I was going into my local gift store and
Speaker:I had a line of linens,
Speaker:I would make sure that I had them presented,
Speaker:able to show it in a way that elevated the product
Speaker:that showed the product off at its best.
Speaker:And you walk into the store,
Speaker:I'm trying to get really tactical here.
Speaker:So do you already have your product with you or do
Speaker:you walk in and find out who the owner or who
Speaker:you would speak with and have an informal conversation or do
Speaker:you come prepared for the whole meeting then?
Speaker:I don't like to touch anybody by surprise.
Speaker:So I would identify the store in your town where you
Speaker:would like to actually sell your product.
Speaker:And then I would understand the products that the store has.
Speaker:I would see how my products were different.
Speaker:I would find out who the owner of the store is.
Speaker:And I would probably either send that person an email or
Speaker:send them a phone call and make an appointment to show
Speaker:them your product.
Speaker:I would call and introduce yourself and say,
Speaker:I have this new collection of lovely linens.
Speaker:And I think that they would compliment your dinnerware.
Speaker:And I would know what dinner where they had.
Speaker:I would be ready to say why your product was different
Speaker:than the actual linens that they had in their store.
Speaker:Give the owner a reason to take the appointment.
Speaker:And then once you get that appointment,
Speaker:you would go in there and be prepared to show your
Speaker:linens along with the dinnerware that they have in the store.
Speaker:Maybe show them how they can be used.
Speaker:A napkin,
Speaker:rings, understand how your product is different,
Speaker:differentiated, how it's going to help this store owner make more
Speaker:money Well said.
Speaker:So we are going to wind down here.
Speaker:I'm looking at the time.
Speaker:What advice would you give that newbie?
Speaker:Who's listening to you right now.
Speaker:Liz who really wants to jump in,
Speaker:they're still a little bit uncertain if they should,
Speaker:or they shouldn't.
Speaker:What piece of advice would you give them?
Speaker:Trust your gut.
Speaker:If you see that you have an idea and it's not
Speaker:out there in the marketplace and you have discussed this with
Speaker:colleagues, friends,
Speaker:family, and they think it's a good idea.
Speaker:Why not give it a whirl?
Speaker:I'm not saying quit your day job.
Speaker:But I think that there's plenty of time to turn a
Speaker:passion into a business.
Speaker:I mean,
Speaker:I've been very blessed in that.
Speaker:I don't consider myself somebody who goes to work because I
Speaker:love what I do.
Speaker:And I've had the incredible opportunity to make my passion,
Speaker:my financial living.
Speaker:And I think that there's no greater joy than being able
Speaker:to do that.
Speaker:So if not,
Speaker:now, when There you go,
Speaker:well, and now Liz,
Speaker:I'm going to dare you to reach even further by daring
Speaker:to dream about your future.
Speaker:I'd like to present you with a virtual gift.
Speaker:It's a magical box containing unlimited possibilities for your future.
Speaker:So this is your dream or your goal of almost unreachable
Speaker:Heights that you would wish to obtain.
Speaker:Please accept this gift on behalf of myself and the listeners
Speaker:and tell us what would be in your box.
Speaker:Well, I love making new things and there's limitless possibilities out
Speaker:there, but I like being given a blank canvas and I
Speaker:would love the opportunity to relocate myself and reinvent myself every
Speaker:couple of years and go off to a far away land
Speaker:for six months.
Speaker:The first place I'd like to go is Cecily.
Speaker:I'm recently remarried and my husband is Sicilian and we met
Speaker:his family and Sicily last year.
Speaker:And I would love to purchase a home and started a
Speaker:second life there and create some sort of an environment,
Speaker:whether it's possibly either a restaurant or a little shop or
Speaker:a combination of the two,
Speaker:maybe a nursery,
Speaker:I love to garden,
Speaker:but a way to meet the people way to get involved
Speaker:in the culture and the lifestyle.
Speaker:And I would love to,
Speaker:after a few years go somewhere else and do it again.
Speaker:To me,
Speaker:traveling has been one of the incredible gifts that I've been
Speaker:afforded by my profession and the people that I've met across
Speaker:the globe have taught me so much about their way of
Speaker:life and have helped me grow as a better person and
Speaker:more fully.
Speaker:And I'd like to be able to continue to do that.
Speaker:I love that a blank canvas and you've been a creator
Speaker:your whole life.
Speaker:So you just keep creating.
Speaker:That's where your passion is.
Speaker:If someone was really interested in wanting to connect with you,
Speaker:what would be the best way for them to reach out?
Speaker:Well, I think the easiest way would be to send me
Speaker:a message via LinkedIn.
Speaker:I'm a big believer in LinkedIn.
Speaker:And I think that it's really a very valuable tool in
Speaker:developing your own professional network.
Speaker:And so please,
Speaker:I invite anybody here who has a specific question or something
Speaker:that I can help you with to send me a message
Speaker:via LinkedIn.
Speaker:I was kind of thinking you were going to say,
Speaker:write a letter If you want to,
Speaker:I guess like you did way back in the day,
Speaker:right? We've advanced a little bit from snail mail.
Speaker:LinkedIn is pretty quick.
Speaker:Okay. And give biz listeners.
Speaker:Of course,
Speaker:you know,
Speaker:there'll be a show notes page.
Speaker:The link will be there as well as all the other
Speaker:pieces of information and tidbits that we've talked about during this
Speaker:interview. So Liz appreciate so much all of the information,
Speaker:love your story.
Speaker:It's so unique.
Speaker:So interesting.
Speaker:You've given our listeners quite a bit of information that they
Speaker:can take then and move forward and listeners,
Speaker:I'm challenging.
Speaker:You choose a color,
Speaker:make that first line on that blank slate for yourself and
Speaker:your future and your own business.
Speaker:Liz, once again,
Speaker:thank you.
Speaker:And may your candle always burn bright.
Speaker:Thank you very much.
Speaker:The show is sponsored by the ribbon print company,
Speaker:looking for a new income source for your gift business.
Speaker:Customization is more popular now than ever grant your product of
Speaker:your logo or print a happy birthday,
Speaker:Jessica Griffin,
Speaker:to add to a gift right at checkout,
Speaker:it's all done right in your shop forecast studio in seconds,
Speaker:check out the ribbon print company.com
Speaker:for more information after you listened to the show,
Speaker:if you like what you're hearing,
Speaker:make sure to jump over and subscribe to the show on
Speaker:iTunes. That way you'll automatically get the newest episodes when they
Speaker:go live.
Speaker:And thank you to those who have already left a rating
Speaker:and review by subscribing rating and reviewing you help to increase
Speaker:the visibility of gift biz on raft.
Speaker:It's a great way to pay it forward,
Speaker:to help others with their entrepreneurial journey as well.
Speaker:And one final reminder of repeat from the top of the
Speaker:show, make sure to go over and join gift biz breeze,
Speaker:lots of opportunity for sales growth this holiday season.
Speaker:And I certainly don't want you to miss it.
Speaker:Just jump over to gift biz,
Speaker:breeze.com and request to join.