Ask The Pro: Diversify Your Business During The Downturn
by Anna Marie Fanelli
September 1, 2008
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| Anna Marie Fanelli |
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You can offer new materials, styles and services
that match your customers' interests.
Anna Marie Fanelli is co-owner, with husband
John Fanelli, of Floor & Décor, a tile, stone and plumbing studio in
Tenafly, NJ. Earlier this year, she spoke on green-related topics at both the
Surfaces and Coverings trade shows. Bath & Kitchen Pro Publisher Bob Miodonski
recently interviewed Anna Marie Fanelli about trends in the bath-and-kitchen market.
Bath & Kitchen Pro: What can contractors and designers
do during the housing downturn to stimulate their bath-and-kitchen
business?
Anna Marie Fanelli: The buzzword is diversification during
the downturn. Be as diversified as possible with your materials and your
niches. We’re selling tile to put on porches as well as in bathrooms. We’re
doing stonework on decks around pools.
We provide design ideas for the homeowner and the designer. We sell tile and
stone, and we also do the plumbing and lighting. We’ve branched out into so
many areas. We also install, and that gives us revenue.
The kitchen-and-bath market is an $8
billion market. There are so many opportunities in the renovation market.
Renovation is the word for this year and 2009. I see 2010 being strong again
for new construction.
BKP: Are the types of bath-and-kitchen remodeling jobs
changing? Are they getting smaller, for example?
AMF: I wouldn’t say so. People are traveling less and putting
money into their homes. The market is not what it was five years ago, but our
business is up 25% from last year. If my tile business is low this month, I
pick it up in plumbing. You have to think outside the box.
We focus on design. My whole philosophy is all about taking the basics and
dressing them up. Take a stock piece, work with it and make it look special.
If you get pattern-sheet mosaic, for example, why not put it on the wall
instead of just the floor? Or use it on a back wall. Use glass sheets to make
dots on the floor. Using a stock piece in a special way is still the more
cost-effective way to go.
BKP: How can designers and installers form a better working
relationship?
AMF: Everybody has to have a respect level. The designer has
to respect the contractor’s expertise and appreciate the craftsmanship he
brings to the job. No one is a superstar on any project. It has to be a
marriage. It’s like a baseball team – someone is the coach and everyone is out
to win with the client being the winner.
BKP: Are consumers willing to pay for environmentally
friendly green products?
AMF: Yes. Green is here to stay. If you have knowledge in
this area, it opens this market to you.
I say green, but maybe not in large doses. If you do a totally green job, it’s
going to be much more expensive, because of supply and demand. Green is in
demand right now.
If you have carte blanche on a job, then fine. Otherwise do it in small doses;
it doesn’t have to be everything. You can put in a high-efficiency toilet, and
you will make an impact.
You could use decorative metals or sheets of recycled glass. Use them in small
doses as detail pieces on tile that isn’t necessarily
green.
It depends on what products you like that are green. PaperStone is a slab
material made from recycled paper. Who would think you could have a countertop
made out of paper?
BKP: What other trends do you see for the bathroom and
kitchen?
AMF: In terms of design, contemporary has come full circle.
It’s getting much more popular. If you have a showroom, though, don’t throw
away your traditional boards because traditional won’t go away. Mix
contemporary with traditional products in your display areas. I’ve used a mix
of both in my designs.
BKP: With all the information available, are consumers
making their own product choices, or do they still rely on the bath-and-kitchen
professional?
AMF: If it’s on a TV show, everyone is fascinated with it. But
the bath-and-kitchen professional is critical; it’s up to us to provide
guidance for the customer because the amount of information is overwhelming.
As a professional, you should pick products that you feel comfortable with.
Always go back to what you like, whether it’s slab materials or toilets. That’s
the first level. Once you have a comfort level, you can ease into the market to
see what else is available.
Should you spend all your time online?
No, you have to keep your business afloat. You have to have some level of
sophistication, however, to see what exists in the market.
Green is a hot topic. You know, a couple of people came up to me at the
Coverings trade show in Orlando and asked me, “Why are you so into this green
thing?” You’ve got to be kidding me! You have to be aware of what your
customers are talking about.
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Anna Marie Fanelli Anna Marie Fanelli is co-owner, with husband John
Fanelli, of Floor & Décor, a tile, stone and plumbing studio in Tenafly,
NJ. She will be speaking Jan. 30 at Surfaces 2008 in Las Vegas on “Green: It’s
Just Not Surface Deep Anymore ... Making What’s On The Inside Count.” In April,
she will tackle the topic, “Green Couture: How to be Eco-Friendly and Stylish,”
at Coverings, April 29-May 2 in Orlando, FL. Visit www.annamariefanelli.com or call 201-569-5797 for
more information.
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