Agile local seizes granite market.Persistence, efficiency and a niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. are paying off for Thunder Bay's Granite Tops. Owner John Naccarato began refining granite into kitchen and bathroom countertops, tables and/or fireplace accents in 2000, when he realized no one in his region was working the compressed resource. "Someone was always coming into town to install it, so I knew there was a good market for it," he says. With marketing strategies in hand, he set out to approach Thunder Bay's contracting and cabinet-making sector, but quickly broadened his client base to include Minneapolis, Duluth, International Falls and Northern Minnesota companies List of Minnesota companies includes notable companies that are, or once were, headquartered in Minnesota. 0–9
Naccarato embedded his company's name in the minds of prospective clients across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. by attending trade shows, but it took a while. In the first four to five visits, they came home empty handed, but persistence paid off. Today, the company has an equal portion of clients in north-western Ontario and the northern United States The Northern United States is a large geographic region of the United States of America. Although the region includes a considerable portion of what is often called the American Midwest, most Americans refer to the region as simply "The North". . It is amazing how many people are building houses in remote northern American towns, he says. He points to Warroad, Minnesota Warroad is a city located in Roseau County, Minnesota, at the southwest corner of Lake of the Woods. As of the 2000 census, the city had a total population of 1,722. Minnesota Highway 11 and Minnesota Highway 313 are two of the main arterial routes in the community. which, despite its population of 5,000, is experiencing more housing starts than Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. . International Falls-area residents are building retirement getaways and look to Granite Tops to provide materials for their dream homes. "Once the customers realize you are in it for the long haul and you are not going away ... they try you out," Naccarato says. Before they developed market share in the United States, homebuilders would have to wait two months for granite products. Now, the waiting time is three weeks. Staying true to time lines has built up the company's reputation. It helps that, in the stone industry, Canadians are known for quality products, he says. And like any good Canuck looking to further enhance his company's repuation, Naccarato went to Italy. He bought some CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication Auto Motion machinery that manufactures granite products through a numerically controlled system. "With the same (staff), we could quadruple our production with the one CNC machine," he says. "This gives us a pretty good competitive advantage." Sales have been on the upswing since inception. From nothing four years ago, the company now brings in $1.2 million annually: $900,000 from granite sales and the rest from ceramics contracts. He expects to hire two more people this summer and double his sales within two years. If that happens, another ten jobs will be added to the current payroll of 11. www.granitetops.ca By KELLY LOUISEIZE Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. |
|
||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion