taking new talent to market

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Taking New Talent to Market

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By David Dencker, Muuse. Presented at Crowdsourcing Week Europe 2014. Join us at the next event: http://crowdsourcingweek.com/

TRANSCRIPT

Page 1: Taking New Talent to Market

Taking New Talent to Market

Page 2: Taking New Talent to Market

MUUSE - A Platform for Talent

JUNE

JULY

AUGUST

OCTOBER

JANUARY

Sasha NassarArab Spring

Collection

Winner of MUUSE X Graduate Fashion Week

Developing products with MUUSE

Copenhagen, London and Paris fashion weekGlobal B-B sales

Production placed at global supplier network

Global PR pushGlobal B-C sales through MUUSE.com

Page 3: Taking New Talent to Market

1. Why we do this

2. Learnings about Co-creation

Page 4: Taking New Talent to Market
Page 5: Taking New Talent to Market

95% OF NEW DESIGNERS FAIL WHEN THEY TRY

TO LAUNCH A LABEL

Page 6: Taking New Talent to Market

Running a successful label has become too complex for new

designers

DESIGN COLLECTION

MAKE SAMPLES

TAKE ORDERS

MANAGE PRODUCTION

DELIVERTAKE

PAYMENTPR &

MARKETING

Page 7: Taking New Talent to Market

Online marketplaces specialized for independent

designers are opening fast.

DESIGN COLLECTION

MAKE SAMPLES

TAKE ORDERS

MANAGE PRODUCTION

DELIVERTAKE

PAYMENTPR &

MARKETING

Page 8: Taking New Talent to Market

Many shops are doing fine. Most designers are not. Very few become successful

brands.

Maker in 17th

century

Maker in 21st

century

DESIGN COLLECTION

MAKE SAMPLES

TAKE ORDERS

MANAGE PRODUCTION

DELIVERTAKE

PAYMENTPR &

MARKETING

Maker in 17th

century

Maker in 21st

century

Page 9: Taking New Talent to Market

DESIGN COLLECTION

MAKE SAMPLES

TAKE ORDERS

MANAGE PRODUCTION

DELIVERTAKE

PAYMENTPR &

MARKETING

MUUSE is a Business-in-a-Box for designers, where we take the risk and the

designer gets a royalty on sales

Page 10: Taking New Talent to Market

The Journeyand what we learned along the way

Page 11: Taking New Talent to Market

The idea started as a marketplace

Page 12: Taking New Talent to Market

The idea started as a marketplace

Page 13: Taking New Talent to Market

Then it was an online platform for Fashion Designers

Page 14: Taking New Talent to Market
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Our community was very international from the beginning because of our

designers

Page 16: Taking New Talent to Market

We sold tailor-made dresses – starting at €3.000

Page 17: Taking New Talent to Market

Sometimes we got difficult orders

Page 18: Taking New Talent to Market

We introduced Ready-to-Wear using a pre-order business model

Page 19: Taking New Talent to Market

And we made small Ready-to-Wear runs that we sold from own stock.

Page 20: Taking New Talent to Market

MUUSE March 201440.000 FACEBOOK FANS125.000 NEWSLETTER SUBSCRIBERS 89.000 UNIQUE VISITORS /MONTH

Page 21: Taking New Talent to Market

Then we threw out the 2mDKK platform we built and changed to Shopify like a

regular webshop.

Page 22: Taking New Talent to Market

And started selling the vast majority through B-B

Page 23: Taking New Talent to Market

LEARNINGS ABOUT CO-CREATION

Page 24: Taking New Talent to Market

Co-creation is TransformativeBut end the end you might end up looking more like the

incumbents than you think

Marketplace Platform Fashion Brand

Page 25: Taking New Talent to Market

Co-creation is a Tool – not a Goal

Page 26: Taking New Talent to Market

Taking New Talent to Market

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Co-creation is Our Competitive Edge

Page 34: Taking New Talent to Market

Q&A