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'We're a community-focused company': Bala co-founder Brian Lockard on growing a footwear brand for medical professionals
Manage episode 346049821 series 3406044
Bala Footwear is the latest apparel brand going after working professionals.
The company makes shoes aimed specifically at medical professionals. Co-founder Brian Lockard worked at Nike for nearly five years. And the ethos of that brand informed Bala's thesis.
"At Nike, one of the phrases that was so important that we always used was: Always listen to the voice of the athlete," said Lockard on the Modern Retail Podcast. "And we've decided we would build a company where we always listen to the voice of the health-care professional."
On this week's program, Lockard spoke about how he's grown the brand, which first launched in 2020, as well what he's planning for the future.
So far, the company has raised over $2 million in venture capital, saw $4 million in revenue its first year and says that sales continue to grow month-over-month.
The idea behind Bala is that essential workers like nurses are on their feet for most of the work day. Yet, there's no footwear that's designed with that in mind. Some nurses wear clogs for comfort, others wear running shoes for support. But both of those items have drawbacks to nurses.
To get a sense for their needs, Lockard interviewed many members of the health-care community. This served both a product research and marketing function. "What's really cool about the health-care marketplace is how tight knit the community is," said Lockard. "If you reach early adopters and they drive word of mouth -- they're always around colleagues."
With this, Bala has its own rotating group of health-care professionals it leans on for product development and marketing outreach. "They're involved in telling us where we should be showing up, from a marketing perspective," said Lockard.
While Bala is sold predominately online, the company is now slowly seeking out other sales channels. It's inked a few retail deals with select shoe stores and is looking into other possible partnerships. But, according to Lockard, he is still focused on making sure the brand doesn't grow too quickly.
"One of the worst things that can happen is getting 100 new retail locations overnight," he said.
472 ตอน
Manage episode 346049821 series 3406044
Bala Footwear is the latest apparel brand going after working professionals.
The company makes shoes aimed specifically at medical professionals. Co-founder Brian Lockard worked at Nike for nearly five years. And the ethos of that brand informed Bala's thesis.
"At Nike, one of the phrases that was so important that we always used was: Always listen to the voice of the athlete," said Lockard on the Modern Retail Podcast. "And we've decided we would build a company where we always listen to the voice of the health-care professional."
On this week's program, Lockard spoke about how he's grown the brand, which first launched in 2020, as well what he's planning for the future.
So far, the company has raised over $2 million in venture capital, saw $4 million in revenue its first year and says that sales continue to grow month-over-month.
The idea behind Bala is that essential workers like nurses are on their feet for most of the work day. Yet, there's no footwear that's designed with that in mind. Some nurses wear clogs for comfort, others wear running shoes for support. But both of those items have drawbacks to nurses.
To get a sense for their needs, Lockard interviewed many members of the health-care community. This served both a product research and marketing function. "What's really cool about the health-care marketplace is how tight knit the community is," said Lockard. "If you reach early adopters and they drive word of mouth -- they're always around colleagues."
With this, Bala has its own rotating group of health-care professionals it leans on for product development and marketing outreach. "They're involved in telling us where we should be showing up, from a marketing perspective," said Lockard.
While Bala is sold predominately online, the company is now slowly seeking out other sales channels. It's inked a few retail deals with select shoe stores and is looking into other possible partnerships. But, according to Lockard, he is still focused on making sure the brand doesn't grow too quickly.
"One of the worst things that can happen is getting 100 new retail locations overnight," he said.
472 ตอน
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