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Reply by hObOmOnk

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Posted on My First Craft show

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hObOmOnk

1381 posts in 3942 days


#1 posted 03-08-2010 05:25 PM

Here are some other notes that we use among our artisans guild:

1. Figure your production labor rate as at least $60 per hour; more is better.
Being in business requires more of your time than just making things.

2. As you volume growths, start buying your materials wholesale.

3. Sell yourself before you sell what you make.

4. Forget about “formulas” that promise to determine sales prices.
The market determines the price. Therefore, choose new and better markets, improve your quality, sell harder, market yourself and M.I.Y.O. (Make It Your Own).

5. If you intend on selling at craft shows then go to the best shows and study those vendors that are doing well. Look for a good fit with your goals.

6. Be honest with yourself. If its a hobby, then so be it. Enjoy yourself and have fun. If you intend on making a good profit then be prepared to work hard on creating and implementing a good business plan.

-- 温故知新


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