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Eye of Dog
Kathy eyes business success
After failing to find a fashionable outfit online for her Chihuahua Eyvi, “a little dog with a huge personality”, Kathy Edsall decided to create her own.
The result is Eye of Dog, an innovative business selling edgy dog outfits. “I wanted the label to be trend based and clothes I would buy for myself,” Kathy says. “I have a passion for dogs and fashion.”
The former communication design student creates colourful dog T-shirts, ponchos and jumpers for the public locally and overseas, and hopes to wholesale down the track.
The clothes are edgy and fun, unlike most dog apparel. The aim is for dogs to want to wear them and for people to wish they had such cool gear themselves.
“The aesthetic is urban street wear, while also being quite comfy,” Kathy says. “I only make an outfit if I would wear it. I wanted the apparel to be envied by all.”
Kathy learned about SBMS during a Small Business Victoria business information seminar. She thought having a mentor was a great idea.
“I’m not experienced in business at all,” she says. “I like being given deadlines and someone to just give me a guideline of things I can do to help my business grow. Sharing ideas is a great way to help my business and inspires me.”
After contacting SBMS, Kathy was matched with mentor Katya Ellis. As a talented retail and marketing all-rounder, Katya has held many marketing and business management roles with an emphasis on project, event, staff and partnership management, both locally and internationally.
SBMS is a non-government, non-profit organisation of volunteer expert mentors who give their time and experience to help small business. It is supported by Small Business Victoria, which refers clients to it.
Kathy had four mentoring sessions with Katya over two months and mentoring is continuing. They discussed the business’s vision and plan, how big Kathy wanted it to be and where she saw it in five years.
The project had pros and cons. Dog clothes are a niche market easy to promote, but a small and possibly price conscious one. Katya recommended more market research to define the target customer and help determine product categories and price points.
They also discussed marketing ideas, including dog runways shows during fashion week, street style photography, blogger style imagery, on trend looks, Facebook marketing and Instagram. “Clever PR is key here!” Katya says.
Katya and Kathy agreed the business needed to spend 10 per cent of revenue on marketing, with the return on investment measured. A $100 market stall, for example, should generate $1000 of sales physically or online after.
They also covered:
- Defining the archetypal client to determine brand identity.
- The importance of collecting a database
- Distribution channels such as markets
- Reviewing websites for competition and opportunities
- The internet providing global reach
- Margins and pricing
- Wholesale as an option, which can be challenging due to smaller margins
- Developing a cheaper range for overseas/wholesale purposes
- Forming a focus group of dog owners that fit the client profile
- Working out key styles and repeating them in different colours
- Producing limited edition numbered pieces to make them more special
- Maximising production to maximise margins
- How sales targets, income needs and expense forecasts could be improved
- Further education and upskilling in relevant areas rather than tertiary courses.
- Sourcing extra resources, interns and shared office space.
Katya says Kathy is now working hard to further develop the business. “It is a massive challenge for small business owners to access all their strategic options, see the big picture and confidently decide on their plan of action,” she says.
“That is why engaging a business mentor is a wise thing to do. We help clients talk through all their options and challenges and decide on strategies that fit in with their vision for their business.”
Since seeing Katya, sales, new Eye of Dog customers and enquiries have increased by 10 per cent. Kathy says the mentoring encouraged her to better manage her time and really think about marketing.
“I now have a better understanding of how to work from the business point of view,” she says. “It’s helped a lot with setting goals for myself and helping me to book markets and know that being a business owner is doable with the right set of goals and paths taken.”
The business is home-based, but Kathy may try to find a creative office to rent at some point. “I will continue to pursue Eye of Dog by myself, but if there comes a time where I need more help I'll definitely look into hiring,” she says.
Finding SBMS has helped Kathy move a step closer to achieving her business dream. “It has made me realise that you have to start somewhere and every little idea is worthwhile,” she says.
| Kathy EdsallEye of DogBalwyn Nth, Vic.
Tel. 0413 734 668
Email: [email protected]Website: www.eyeofdog.com.au
|Small Business Mentoring Service IncSuite 1, 12 Maroondah HwyRingwood VIC 3134 Contact: David GregoryChief Executive OfficerTel. 9879 4486 Email: [email protected]|
SBMS Mentor: Katya Ellis.
The Small Business Mentoring Service (SBMS) Incorporated is a non-profit organisation
Incorporated Association Registration Number: A0032560Y
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