07 August 2018
If the Shoe Fits… Finding your Business Niche
Finding your niche in any market can be tough; who is your customer? What do they want? What are your competition doing? Amanda Overs, a graduate of the Business & IP Centre’s Innovating for Growth: Scale-up programme and founder of I Can Make Shoes, set up a shoemaking school after being unable to find a course to make shoes, without the need for heavy machinery.
“I was sick of being told ‘you can’t do it like that’” (by traditional shoemakers). With the demand for slow fashion and a resurgence of sewing and crafting, Amanda decided to put a positive spin on the negative backlash and eight years later has gone from running classes in her living room by herself to employing five part-time members of staff and running workshops almost every day of the year in both London and New York.
Research was crucial in finding out exactly who I Can Make Shoes’ customers were. Amanda says, “There has been a lot of trial and error over the years, but what I have found is the fastest, most efficient way of doing research is to actually ask your customer what they think. I regularly do surveys when I have a new idea to see what my audience think of it and recently started a Facebook community so that I can see for myself what it is that my students and customers really want and need.”
Amanda is always looking at ways to improve I Can Make Shoes’ offering and the business is always changing and improving. Something Amanda says is “key to staying ahead of the competition”. Not only do they run workshops for members of the public, but they also have online shoemaking instructions, sell components, and train designers from major high street brands such as ASOS, River Island and Adidas.
The Innovating for Growth programme has helped Amanda take I Can Make Shoes to the next level, “It’s helped me to step back and reassess the business as a whole and identify the key areas of potential growth. I started in a bit of a whirlwind and have been treading water ever since, so to have fresh (very experienced) eyes and non-biased opinions on my plans for the future has been absolutely priceless”.
What tips does Amanda have for finding your niche? “Trust your gut. Don't overthink every detail. Fail fast, learn faster and move on to the next thing.” Amanda lives by her rules, due to popular demand she will be offering a new sneaker course launching soon...
Apply now for over £10,000 worth of business advice!
If you are already running a business and are looking to take it to the next level like Amanda, our three-month Innovating for Growth programme can help turn your growth idea into a reality. Applications are now open, so find out more here and apply now!
This programme is fully-funded by the European Regional Development Fund and the British Library.