Entrepreneur Helps Designers Break into the Fashion Industry

fashion2 bkt 5229 Entrepreneur Helps Designers Break into the Fashion Industry

Starting Thursday, fashion’s most esteemed trendsetters will make their annual trek to the Big Apple for the kickoff of fall Fashion Week, where designers from Diane Von Furstenberg to Tommy Hilfiger will showcase their handiwork in front of Hollywood A-listers and eager fashionistas, alike.

But as even these icons know, the road to the runway can be a bumpy one. That’s why Sam Sisakhti, founder of Boston-based UsTrendy.com, launched a business to help fashion designers break into the industry. UsTrendy lets designers upload their portfolios, sell merchandise through the site’s online store and enter competitions voted on by the public.

The site, which launched in March 2008, now has more than 500,000 designs uploaded and attracts about 100,000 unique visitors a month. As all eyes focus on the big name brands gracing New York’s catwalks this week, Sisakhti took some time to speak with Inc. reporter Issie Lapowsky about how UsTrendy is launching the next generation of fashion’s finest.

Where’d you get the idea for UsTrendy?

I took a trip with one of my friends I went to college with, and when he showed up, he had lost like 20 lbs. He was a really talented designer, and had moved to L.A., so I thought it was an L.A. thing and didn’t think much of it. But the whole trip he had no money, he couldn’t book a hotel, so he slept on my floor. Finally, I sat him down and was like, “Are you okay? What’s going on?” He started telling me how tough it was in the industry, because there’s so few spots within the fashion industry. At the time, I was in business school at Brandeis University, so I’m thinking to myself, ‘Wow. That sounds like a business problem.’ Once I spoke with other designers, and they had the same concerns, I thought, ‘Why don’t I start this company?’

How did you recruit designers in the beginning?

I started contacting students at fashion design schools and asking them if they’d be ambassadors for UsTrendy and talk to their classes about it. The next thing you know, we had 100,000 designs uploaded within a few months. We didn’t even have to market our company, really, because every designer who joined the company was essentially our marketing department. We did our part, but the designers did so much for us from a marketing standpoint.

So what exactly is it that you do for the designers?

We have monthly competitions, where you enter your designs and get people to come and vote, and when the voting period is over, the winning designer will get $3,000 of funding. There’s other competitions, where people enter and the winning designer will win their own runway show in a major fashion week. We sent a designer to London Fashion Week in February. Based on how people vote, we have the funding to really promote them, so we’re promoting products in outlets such as Perez Hilton and Nylon magazine. That’s what they appreciate most. The monetary production is nice, and they’ll take it, but the bigger thing for them is getting their name out there.

How do you guys make money?

I didn’t want to charge the designers anything, so the only way we make our money is off the sales transactions. We only get paid if they get paid. I always found myself in the same boat as these designers. We’re both just trying to pursue our passions. My passion is to have my own business, and theirs is the same thing, so we’re working toward the same goal.

What are your plans for the future of UsTrendy?

This year, after seeing how successful the London fashion competition was, hopefully we’ll have something set up with New York, Boston, London and Paris. The major fashion weeks are really receptive to what we’re doing. I am also in the works of creating a competition where winning designers will get showcased in a major fashion magazine. We try to get our designers as much exposure as possible. Often times they understand the design side very well, however the business and promotion side is not their strength. So that is really why it is a perfect marriage – they focus on what they are best at, which is designing, and then we help them with rest.





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SCORE and The Company Corporation Host Free Webinar on How to Really Start Your Own Business

WASHINGTON, Sept. 9 /PRNewswire-USNewswire/ — SCORE and The Company Corporation present a free Webinar on How to Really Start Your Own Business on Tuesday, September 14, at 1 p.m. Eastern. Experts from SCORE will share start-up success secrets, including focusing the business idea and where to look for small business financing. SCORE mentors Julie Brander of New Haven, Conn., and Steve Bloom of …

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Scottish business start-ups fall

Latest figures from Scotland’s banks show the number of new businesses has fallen in the last three months of this year.

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Scottish Business Briefing – Thursday September 9, 2010

WELCOME to scotsman.com’s Scottish Business Briefing. Every morning we bring you a comprehensive round-up of all news affecting business in Scotland today.

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BUSINESS WIRE: SES WORLD SKIES: Connecting with the Troops

MITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS BERICHTENDE UNTERNEHMEN VERANTWORTLICH.

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Micro-loans available through Cherokee Nation program

— TAHLEQUAH – Cherokee Nation’s Small Business Assistance Center, 17675 S. Muskogee Ave., Room 105, is now taking applications for micro-loans to help start up a new small business or to improve an existing one, by adding new materials, work tools or merchandise.

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Here’s What VCs Get for $46 Million: The Kno Tablet D8 Demo

Today, Kno, a start-up that is taking on the textbook by replacing it with a tablet aimed at students, nabbed another $46 million in venture funding from a panoply of Silicon Valley bigs.

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Q&A: Getting People to Pay for Privacy

One of the founders of a start-up that aims to help people protect their privacy spoke with Digits about the business of privacy and the difficulty consumers face in keeping up with the technology.

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SCORE: Dollars and cents of small business

I was counseling a small business owner recently and this owner said, “Dean, I wish I had known how much cash I really needed before starting my own business.”

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Leverage Virtual Workers for your Start-Up

As we pass Labor Day, it is a good day to look at the changing labor force in the US, and how that affects startups. In April, I wrote about “Virtual Workers as a Start-Up Resource” and the trends we saw then have accelerated. Independent workers make up 30% of the nation’s workforce, according to the Freelancers Union.

I spoke with Gary Swart, CEO of ODesk (#286 on the INC 500), a marketplace for online workers and companies that hire them. With over 715,000 contractors and 215,000 employers, ODesk shows an increase (up until the past quarter) (correction) of Small and Medium-sized Businesses (SMBs) utilizing contractors via their online marketplace. They report that contractor earnings were up 82% from this time last year. The average overall rates that ODesk contractors make is pretty low compared to US minimum wage – but that reflects the global nature of their business, said Swart. “Jobs like software development have a much higher average cost-per-hour, and you can see US rates in the stats [above].”

“Demand for tech skills is very active and always has been,” said Swart. “Early adopters are there, and things can be done internationally. New products like mobile development, Photoshop (with special interest around latest release), iPhone, iPad and Android development [are popular]. We’re also seeing a spike for project management – up 70% for this skill set. If I’m hiring a team of remote workers, I’d like to be in control, but have someone to manage the project. Lots of start-ups are hiring teams of developers all managed by a single resource.”

Swart also told me that Search Engine Optimization, Search Engine Marketing and Social Media Optimization are all marketing functions that small companies are outsourcing via ODesk. Additionally, many are now trying “home-shoring” instead of off-shoring. They are using talent here in the US to get jobs done. “Our growth in the US has been spectacular. We hit a low for wages in January 2009 but the average has risen about 20% since then.”

As noted in the previous article, trust is often difficult when you’re outsourcing a job, but ODesk provides feedback and reputation scores. It also lets you pay workers as complete contractors using a W9, or as employees with benefits using a W2 system. Your company pays ODesk and they handle the taxes and payments without you having to manage that. ODesk takes a percentage of the paid hourly rate, and to contractor it offers guaranteed payments. Via their team room platform, employers can see what contractors are working on at any time, via screen shots. There is significant growth in this outsourcing market – ODesk reports an increase of 2% per week in hours contractors are billing, and the company’s growth is up 500%.

At press time I received some stats from ODesk competitor ELance that confirm this growth – they note “62% of service providers stated that their income has increased in the past 12 months and 58% feel that they will find more online work in the coming 12 months.”

Has your startup used outsourced labor via ODesk or a similar site to save money or find skills you couldn’t find locally? Let us know how it went in the comments below.

http://www.inc.com/inc5000/profile/odesk





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