Saturday, July 28, 2007

Getting Started Selling Your Crafts

AWhen you think about Crafts-Hobbies, what do you think of first? Which aspects of Crafts-Hobbies are important, which are essential, and which ones can you take or leave? You be the judge.

Until recently crafts were usually sold locally or, at best, regionally. Now you literally have the whole world at your fingertips! Some of you may choose a gradual progression from selling to friends, to selling at fairs and shows, to retail selling? and so on.
Others may decide to jump instanter from selling within their circle of friends to the worldwide Internet market - the costs are low enough that this is surprisingly doable. My first employment career was as a special education teacher. After 15 years of teaching I earned an MBA degree followed by CFA ( Certified Financial Analyst ) certification. After 15 years in finance I was a vice - president and portfolio manager of a major insurance company before I was downsized. Tired of the rat race, I opted for early retirement.
Looking for something to do with all my free time, I started crafting and am now making a winsome supplemental income from it. As a crafter and a businesswoman, I stroke I have some valuable insights into the craft business that I can share with you. Getting Organized to Sell Your Crafts for Profit At some terminus in your progression from crafting for fun to crafting for fun and profit, you go from handcrafting individual items for yourself and friends to filling quantity orders for a broader marketplace.
That's the time to take a very business-tools- like drawing near to your craft business. This needn't be daunting. You don't need an MBA or management experience - just a bit of common sense.
If you're pipeline to do this for profit, you need to understand The Four M's:

1. Reconciled your market;
2. Minimize your costs;
3. Maximize your selling price; and
4. Market the heck out of your product.

Simple, right? But very few people get it. Look at the high omission rate for new businesses. It takes effort to be successful, but the task is hardly impossible. Mean craft retailing methods are what most crafters use to get started. They're the easiest way, especially if you don't know if anyone will okay what you make.

I believe that there is a market for any well - made craft, whether decorative or useful. The problem facing many crafters is how exactly to go about selling them, or more accurately, finding paying customers. The fact is that there is an repulsive lot of competition out there. My own business got jump - started by my " circle of friends ". My friends noticed and liked my calling cards and began to ask me to design and make cards for them.

Starting with just Broderbund's Create - a - Card program, I was soon earning a nice supplemental income in just a few hours a week. It probably helped that I was retired and live in an area dominated by retirees. But I think that everyone has a " circle of friends " either socially or at work. Of course you don't longing to impose on their friendship by making a hard sell, but rather use or display your crafts in front of your friends to see if they draw any interest. If they do and if they're priced right, you're on your way to craft retailing for profit. If your " circle of friends " market starts extending to friends of friends, you're probably ready to tap the general market of craft retailing.

Most crafters are aware of the periodic craft shows put on by innate groups or even by the local Parks Departments. These usually cost little or nothing to join and should give you a fair idea of whether there is any broader interest in your craft. What better way to leap into craft retailing? There are also organized craft shows that tour the country, most of which strike an entrance fee for participants. Buy into your local papers, especially the free shoppers, for information about upcoming shows Another venue for craft retailing is at the local flea markets that spring up in every community just about every weekend. Again the entrance cost is much inadequate.

The only other thing you need is a little marketing savvy. With little cost and some effort, you will be well on your way to knowing whether there is a market for your craft. Once you know that, you can move on and think about other ways of selling, such as in galleries, on consignment, on ebay or from your own website. All these methods and more are discussed in great detail on my website,
www.theartfulcrafter.com. Come visitation and see what you can do to become top in the craft business!
By Eileen Bergen The Artful Crafter www.theartfulcrafter.com Eileen Bergen The Artful Crafter www. theartfulcrafter. com

Read More...