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Lisa Richter, Owner of Life by Lisa |
Lisa’s goal when opening LBL was to give people fashionable, affordable, goods, keeping the cost under $50. She wanted to bring the big fashion world that she worked in for so many years to the Cedar Valley. Small towns like Cedar Falls should be able to keep up with the big cities, and not have to spend a fortune. She gave the example of a jacket they had in the store, which looked very similar to a Coach jacket. The Coach brand cost $1,500; the jacket in LBL cost $35. Lisa also kept the tradition that her mother started in 1967 of selling wigs. LBL is now the largest wig retailer in Iowa.

LBL sells to women of all ages. The ages range from the young teenage girls to the little old ladies looking to buy a wig. Since their audience ranges in all ages, Lisa still does print advertising and radio commercials. “People read in the winter and drive their cars in the summer, so we do print in the winter and radio in the summer,” stated Lisa. They also do a lot of advertising during the holiday season. “I would also love to do commercials, but the cost is too high and there are so many channels,” said Lisa.

The cost of traditional advertising is one of the reasons why Lisa uses social media so much. She finds that whenever she takes pictures of girls in clothes, it drives the most engagement. “People love seeing real people in the clothes, rather than a model,” said Lisa. “Girls also love having their picture taken.” People get a sense of what to expect in the store just by looking at the LBL Facebook page. Lisa always makes sure to ask a girl if she is okay with any picture being taken to be put on social media, and she hasn't had anyone say no yet. “We had an instance where a girl came in and tried on two dresses,” said Lisa. “We took pictures of her in both and posted them to our Facebook page. She bought one of the dresses, but the one that she didn't buy got 40 likes on Facebook. She came back in the next day and bought the dress.” That type of story shows the power of social media, especially on the consumer and their buying power.
Lisa is a chameleon when it comes to learning about social media. She has been to a bunch of Google meetings and seminars on social media. She mostly learns from her eyes and past experiences. She also checks out other stores Facebook pages, like Nasty Gal. She will also carry around a notebook to write down a one liner that she sees and may someday want to use in a post. Lisa is a strong believer in internships and hands on work, and believes that is the best way to learn versus a classroom setting. Lisa’s husband, Nathan, is eight years younger and helps her quite a bit with social media as well, especially Twitter. “Twitter is just hard for me to grasp, I mean I remember when faxes came out!” laughed Lisa.

A big thanks to Lisa for letting me interview her. Make sure to stop by LBL located at 321 Main Street, Cedar Falls. They're open Monday-Friday 10 a.m. - 6 p.m. and Saturday from 10 a.m. - 5 p.m.