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3 Steps to Improving Your Craft Show Profit by: Natalie Goyette
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| Sunday, December 28, 2008 |
These three things broken down even more for you:
1.) Simple products - OK, a pet rock perhaps a little too simple (although it might return), but living room furniture goes a step beyond the crafts show question. When you are mere reflection on the craft, it need not be simpleminded. Here is a good rule of thumb - it must be something that someone could do at home, but perhaps beyond the reach of most people who come to a craft show.
What this is for a couple of things: first, it probably is not that complicated to do.
Secondly, it will probably not cost you a fortune to produce because the components are relatively few, and inexpensive.
2.) Make them quickly - back to the living room furniture example, for a moment. How long would it take someone to do it? I just say a beautiful rocking chair ... a few weeks? You need to work for a year to make enough chairs to meet the demand!
The key to profitability is to do something that takes very little of your (or support) the time to do. This reduces the potential labor costs and it also ensures that you can produce enough craft to meet the need you to one of your shows crafts.
3.) A large markup - Calculate the price of a craftsman will be thorny. It can even differ between craft shows. When everything is taken into account, you should try to double or even triple the value in dollars it costs to get the product. For example, if you produce something that costs $ 1 to do, you should be selling for a minimum of $ 2 or $ 3 dollars.
This tip goes hand in hand with others. If your boat is simple, and you can produce a quality product in a short time, chances are your cost for each item will be relatively low. The lower you reduce the cost of quality crafts, plus your profit will be when you sell.
For all those who seek to take advantage of crafts shows, this is just the beginning. At first, it may look like it limits the choices you have for profits. It depends only on you and the margin you expect. It should not prevent you from making a job you love, but it should give you a better understanding of what you might need to do to make your craft show business as profitable as possible.
Copyright 2006 Natalie Goyette
About the author
Natalie Goyette shows you how to make your boat show business profitable in its best-selling ebook: Craft Show the secrets of success. Visit his website: http://www.craftshowsuccess.com |
posted by neptunus @ 4:02 PM
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