ex-Apprentice star, Natalie Reynolds (Panayi)


Rate this post

Natalie (proper) arrange the corporate together with her sister, Lexi

Since Natalie Reynolds appeared on sequence 9 of The Apprentice, she’s launched a brand new clothes enterprise, Type Cheat.

The corporate drives gross sales with the assistance of Instagram, constructing a loyal following of consumers (or Cheetahs).

Reynolds talks to us concerning the classes she realized from The Apprentice and the way she’s taken these ahead in enterprise.

What had been the hardest classes you realized on The Apprentice?

I realized that I wasn’t keen to be a pretend, hard-nosed businesswoman in order that I might win a TV present. I additionally realised I can’t promote one thing that I don’t imagine in. Being in a home with 15 different individuals who all assume they’re the most effective of the most effective actually places issues into perspective.

I didn’t need to be like that or be seen in that approach as a result of I discovered it annoying. I will need to have been annoying! I simply need to generate profits from one thing I’m captivated with.

Your first trend label, Panya London, was launched in 2013. What occurred to it and the way did that affect Type Cheat?

We acquired every little thing incorrect after we launched Panya. We invested some huge cash into product however didn’t have a path to market and couldn’t appeal to clients to our web site.

We didn’t have any of the issues we’ve got in place now to drive site visitors to the location or get our identify on the market. We didn’t perceive digital advertising and marketing like we do now and that’s an enormous a part of an total advertising and marketing spend for an firm.

Learn: 6 hacks to enhance your small enterprise digital advertising and marketing

There wasn’t a fulfilment course of arrange both. It was all incorrect. We now have realized a lot from the errors we made with Panya, however we’re so grateful now as a result of we’ve got constructed Type Cheat on actually stable foundations and made positive we’ve got every little thing lined.

Instagram performs a major position within the enterprise (Instashop, the#iamstylecheat hashtag). What benefits do you assume it has over Twitter and Fb?

With Instagram, it’s all about capturing folks’s consideration with a photograph after which reeling them in with a caption. There’s a lot alternative to promote on Instagram as a result of folks don’t have a great deal of time to learn by textual content, they scroll by and in the event that they like what they see then they’ll keep a little bit longer and discover out extra.

What suggestions do you may have for entrepreneurs utilizing Instagram for enterprise?

Ensure you perceive your buyer: who do they observe, why do they observe them and what are they considering? Analysis your rivals too. Who’re following them? Which of their images get probably the most interplay? Why?

Copy their viewers and create comparable content material to draw them to you. Construct a loyal and related following that can grow to be clients who you may repeatedly market to.

Customers have gotten extra conscious of the environmental influence of the style trade. How are you responding to those adjustments?

Type Cheat’s ethos is to make good high quality clothes, with reasonably priced pricing, not low-cost quick trend. We use accredited factories and assist UK manufacturing the place attainable.

What are your online business targets over the following 5 years?

Over the following 5 years I intention to:

  • Hit £10m turnover
  • Launch into curve, petite, tall ranges and maternity
  • Develop our worldwide enterprise in Germany, Russia and the Center East
  • Launch energetic put on
  • Be seen nationally because the go-to label for excellent high quality garments at nice costs

Learn extra

Entrepreneur Q&A: Peter Hillary, co-founder of Edmund Hillary clothes

}); };

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));