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Published byCaren Patrick Modified over 9 years ago
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A Short on Shinola A niche market company
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I Know Shinola Shinola is a company that produces a limited number of items It is a “specialty” company—one that attempts to find a UNIQUE market to sell its UNIQUE products (a niche market) Shinola was famous for selling shoe polish long ago
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Shinola Products Now
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Shinola
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Putting Shinola ‘on the map’
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Watches Made in Detroit
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Shinola
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Shinola products not only Made in USA, they are made in Detroit at the Center for Creative Studies The company is housed in a Center for Creative Studies building in downtown Detroit AND works with the school in a “strategic partnership”
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Why Detroit? Ever hear of the expression “You Don’t Know S#!%! From Shinola”? Well, that’s the origin of the company Everyone THINKS he/she knows about Detroit, but they REALLY don’t. “Been There, Seen That, Done That”---uhh, for most of us, probably NOT The company did a lot of Market Research and found most affluent Americans were willing to pay more for a quality product made in the USA. Especially products like…bikes, leather goods, watches
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Shinola: A niche market company
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Niche Market: a small area of trade within the economy, often involving specialized products: Sentence example: Lotus makes luxury cars for a small but significant niche market.
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