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off topic greedy galleries getting greedier

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Forum topic by pimpson posted 316 days ago 566 views 0 times favorited 3 replies Add to Favorites Watch
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pimpson

73 posts in 1466 days


316 days ago

There is a large woodworkers gallery in the North West that hosts a woodworkers show/competition that i will usually try and make something for every year. Well through the years the gallery’s commission has gone from 40%gallery 60% woodworker A good deal for my case wanting to get my name out there to 45% gallery 55% woodworker A little blow to the pocket book and now it is a even 50/50 that hurts but its still a good way to get recognition. But now comes the even greedier part they want $35 to just enter the show I haven’t had a problem making the show but what if you don’t make the show out 35 big ones. They do have prizes for 1st 2nd 3rd and peoples choice. Just curious if anybody out in lumber land has noticed a trend in there neck of the woods?


3 replies so far

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redSLED

687 posts in 489 days


#1 posted 316 days ago

People and pricing are pushed to the limit more than ever. This is a function of marketing data-driven supply and demand economics. I noticed after the second week in April the price of many tools, hardware and lumber went up by 5%-15%+ at the big box stores. The prices slowly came back down by the beginning of August but they are back up again now (to ride the post-summer building/renovations yearly wave). Always a squeeze play.

-- Perfection is the difference between too much and not enough.

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Loren

7224 posts in 2244 days


#2 posted 315 days ago

General retail markup is around 100%. If your retailer is
taking less, good for you.

Try retailing yourself. Thos. Moser did it and became a
wealthy furnituremaker. Before the showrooms he
used catalogs.

The hidden element is of course that he busted ass
mastering his craft to the level where affluent people
actively desired his creations.

I looked at your stuff and it’s nice but you probably have
to sand an awful lot and the you’d want to get paid
for the time. All these guys doing the Maloof style
stuff have to sand a lot too and they can just sell
one rocking chair instead of a set of 8 dining chairs
because the one is x the price of the 8. Rich people
can afford a lot sometimes but they balk at value
problems like anyone… like ”$2000 for 1 chair?!?”,
and there you lose the whole dining room job, 8
chairs, 1 table, 1 credenza because the sculpted
chair with the seat that hurts the client’s butt costs
too much to sand.

-- http://lawoodworking.com

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rrww

242 posts in 710 days


#3 posted 315 days ago

Loren made a couple good points.

I agree with retailing yourself however its a long term effort, not quick cash. Whatever you are selling is only a small part of the overall picture. In my experience you have to spend almost as much or more time marketing, and becoming the best salesman you know.

If you can’t be the salesman or the retailer that you need to be to make enough money, you have to team up with someone who can retail and sell. Don’t be so desperate to make a deal that will cost you – this is a fast track to failure.

As far as the show goes, does it bring in enough business for you to justify the costs of the fees and travel? Do the awards that you can win mean anything to your customers? The entry fees for any shows that I attend are non-refundable. I think this is common practice, don’t send them money unless your serious about going.

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