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A Well-Designed Business® | Interior Design  Business Podcast

344: Mrs. Paranjape: A New Take on Relationships with Retailers

A Well-Designed Business® | Interior Design Business Podcast

LuAnn Nigara

Business, Design, Arts

4.8786 Ratings

🗓️ 24 July 2018

⏱️ 69 minutes

🧾️ Download transcript

Summary

Welcome! Today we have a very smart lady, Lori Paranjape, of Mrs. Paranjape Design and Interiors with us. As well as being a really talented designer, Lori, affectionately known as Mrs. Paranjape, is also an excellent businesswoman and on the show today she's going to be offering lots of really practical advice for designers. She has had her work featured in People, HGTV Magazine, and Domino, as well as in many other publications. Listen in today to find out what Lori has to share with you. Mrs. Paranjape Design and Interiors, which specializes in luxury residential and new construction projects, was started in 2008. Lori is a self-taught and extremely motivated designer. She started out helping friends and acquaintances with their homes. As time went by, referrals continued to pour in and Lori began working as the in-house designer for Redo Home and Design, the well-loved home retailer to generations of families based in Nashville. Listen in today as Lori discusses the really innovative relationship she has with Redo Home and Design, and she also encourages designers and retailers to build awesome partnerships, just as she has done with Redo. Show highlights: Lori's explains the details of her 'Design Collective' business model that she has set up in Nashville. The wonderful, symbiotic relationship that Lori has with her business partner. The clear distinctions between the different aspects of her partnership. What constitutes a 'commissionable' sale within her partnership. How Lori's commission is paid to her. The intentional way that Lori sources everything that she needs. How Lori's retailer provides everything that she needs. The awesome and mutually beneficial kind of partnership that can be formed between a designer and a retailer. The way that Lori and her partner work to utilize a relatively small showroom space to their best advantage. Lori's unique, practical and real-life approach to designing a home for her clients. The way that Lori really takes care of her clients. Why you, as designers, really need to cultivate the skill of asking,  listening, and then going a little deeper. Lori's special way of discovering the personal details about her clients, without making them feel uncomfortable. Lori's innovative ways of encouraging clients to spend more money on a project, if it's necessary. Some tips for overcoming difficulties with clients around the cost of a project in a comfortable way. The conversations that Lori has with her clients right at the beginning of their relationship. When to simply say 'no' to a client. Using candles and music to transform a room and create the right atmosphere. Ways of gaining a client's cooperation in using their home for a photo shoot. How to Find Lori: Website - Mrs. Paranjape Instagram - @mrsparanjape Pinterest - Mrs. Paranjape

Transcript

Click on a timestamp to play from that location

0:00.0

Have you heard about the exciting new exhibit by the Black Artists and Designers Guild,

0:05.6

which was commissioned by the Cooper Hewitt Smithsonian Design Museum in New York City?

0:11.1

Big news, right?

0:12.6

The Cooper Hewitt's exhibition is called Making Home, Smithsonian Design Triennial.

0:18.2

Now, the batch designers exhibit is titled the Underground Library,

0:23.8

inspired by the Underground Railroad. The Underground Railroad is the clandestine network

0:28.6

established in the early 19th century through which many enslaved African Americans

0:33.6

traveled in search of freedom. This library installation represents a 21st century sanctuary surrounded by art, objects,

0:43.5

artifacts, and books of black legacy.

0:46.9

In reimagining and repurposing the Andrew Carnegie Personal Library,

0:52.7

badge invites you to examine the power of home libraries

0:56.1

and the significance of literacy, remembering that African Americans were denied the right to read

1:02.3

under slavery. I'm honored to share that Window Works in Livingston was asked by badge to create

1:08.7

the flat panels for the windows. We used a custom design fabric

1:12.5

by badge members, and the fabric was fabricated by Stacey Garcia's team at Libatex. So please make a

1:20.0

point to visit this inspired space the next time you are in New York City. The exhibition runs

1:25.5

from November 24 all the way through August 10th,

1:30.0

2025. So you have plenty of time to get this on your calendar. We will put links in the show notes. Welcome to a well-designed business.

1:50.3

My name is Luann Nigara, and I'm so glad you found this podcast.

1:54.1

Together with my husband, Vince, and our partner, Bill, we have grown our company Window Works from the ground up.

2:00.0

So I know and I understand the

2:02.2

challenges you face in running your interior design business.

...

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