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As a beginning entrepreneur, you can’t afford to conduct surveys
and market analysis the way major corporations do, but you should
develop a solid idea of who and where your customers are and what
they’re looking for.
The problem is, too many artisans get it backward. They
manufacture products first and then try to find buyers for them.
It has to be the other way around: Research the marketplace;
then develop products that will sell.
In the stained glass business, the key to successful market
analysis is observation. You have to pay close attention to how
and where stained glass products are sold, what prices other artisans
charge for their products, and who buys them.
In order to determine who will buy your products, you must first
decide where your best sales outlets exist. Here are some
possibilities:
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Gift and souvenir shops
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Arts-and-crafts galleries
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Specialty shops
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Chain stores
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Craft malls
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Mail-order outlets
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Arts and crafts co-ops
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Museum gift shops
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Craft fairs
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Wholesale trade shows
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Retail trade shows
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Festivals and bazaars
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Sidewalk arts and crafts exhibits
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Farmers’ markets
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Flea markets and swap meets
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Wine festivals
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Open houses and craft parties
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The internet
Learn about every possible nearby outlet. Determine what’s
available in your town, in your county, and within easy driving
distance of your home. Find out where and when all the craft
fairs and related exhibits are in your community and in nearby
towns. Similarly, identify and locate all the shops and
galleries that might handle your products. These should be your
primary marketing targets.
Gradually extend your research to include potential sales outlets
throughout your state and region. Take some scouting trips and
check out all the shops and galleries.
In every town you visit, your first stop should be the local
chamber of commerce or visitor center. Collect general
descriptive literature about the community and find out about all the
local events that offer opportunities for jewelry sales. Most
chambers and visitor centers have brochures and other publications
that provide all the details you need. Be sure to get
literature about shopping, restaurants, and lodging, and ask for a
complimentary copy of the local phone directory. Back home,
file this material for later reference and trip planning.
Tell the person at the visitor center what you’re up to and ask
for recommendations. Sometimes potential outlets exist in the
least likely places.
Many artists sell successfully at craft fairs. Craft fairs
are often held at shopping malls, armories, high-school gymnasiums,
community centers, and other facilities that provide adequate display
space and parking. Some are juried and require potential exhibitors
to submit samples of their work to a committee that determines
whether the products are of sufficient quality. Others offer space to
anyone who can pay the fees.
Local craft fairs are great places for artisans new to the
business to get involved with a minimal investment. Some fairs,
especially those in the larger metropolitan areas, are excellent
sales outlets for newcomers and veterans alike.
Fees for the smaller local weekend fairs usually range from $25 to
$125. Promoters of big shows on a national circuit can demand
$200 to $500 or more and have no problem filling their spaces.
Finding places to sell your works isn’t as hard as deciding how
much to charge for them. Why? There’s no right answer.
Each artist is unique and each piece is unique. (That’s the
beauty of handmade art.) If you’re highly skilled, you may be
able to charge four to five times as much for a particular piece as a
less-skilled craftsperson. So what do you do?
Do the research: look at other items for sale and compare
your items in terms of quality and originality. (You can also
check prices from stained glass artists who sell their pieces online,
but the problem is you can’t actually inspect the item.) If
similar items are for sale for half the cost of yours, you’re
unlikely to sell many until you’ve built up a reputation and a
following. If your prices are too low, some buyers may avoid
you because they assume your quality is inferior. Pricing is
tough – scout out the competition, get a sense for your market, and
then experiment. The prices you charge today will not be the
same as the ones you charge a year from now, because in the process
you’ll have learned and grown as a craftsperson and as a
businessperson.
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