Monday 14 May 2012

Craft Fair Secrets: The hush hush Ps of a great experience



          There was a time when craft fairs were known as "Christmas fairs", precisely because they were held towards the last quarter of the year. Recently however, there seems to be an explosion of sorts and i can count at least 7 happening just between the May-July period. An indication that the sector is growing? Perhaps. One thing is for sure though, the growing frequency of craft fairs signify an increase in craft entrepreneur numbers. It also means there is increased competition for the same customers.
So how do you get to the finish line first? Here are the obvious and not-so-obvious P's of a great craft fair experience.

 1. Product: Understand your product
Sounds obvious? Apparently it isn't. You will be surprised how many craft vendors don't understand their products. Remember that when customers are buying crafts--as is the case when they are purchasing products of cultural value-they are buying your story, your experience, your values. Communicate your inspiration clearly and draw the customer into your world. Ask them what they think of your product. This is especially important if they wow at your work, but don't end up buying. Find out what would otherwise have made them buy. That way, you assure them that you are creating for them, not for you. And remember--stay calm. You may hear things you don't necessarily like!

2. Packaging: Invest in good quality packaging material
How do you wrap your customer's purchase? No matter how beautiful your creation is, unattractive packaging will in an instant put a smudge on all your effort. Look for packaging that adds value to your product. If, for example, you are into recycling, use packaging material that is also recycled and that gives continuity to the product. If you can get your packaging materials customized with your logo design, by all means do so. Either way, the golden rule is to stay away from black polythene bags and old newspapers. Unless of course you are selling donkey meat!

3. Presentation: Appeal to the sense of vision
Your arrangement can attract or repel a customer before they even get to know what you are selling. I have found that vendors often focus too much on the product and too little on its arrangement. Here are some tips on putting together a fantastic display:
         a. Create a sense of height--avoid flat table displays. Think "outside the table". Use props, boxes, shelves etc to create level variation. You could even consider lifting the height of the entire table.
         b.Pick a theme--consider your product and select a theme that will enhance it. I once sold next to a stall selling pickled jams, fruits and cheese. The set up of their stall looked like an Italian kitchen--complete with hanging garlic onions, frilled checked red curtains, color distressed cupboards, Opera music in the background-- I couldn't get enough of it!
        c. Price labels--do you prefer to have price stickers on your items or would you rather tell the customer once they ask? Psychologically speaking, customers feel intimidated when they don't see price tags. They assume it is too expensive to be  displayed, and some may even be too embarrassed to ask. So, wherever possible, display the price and be ready to justify it if the customer does a double take at the price.
        d. Access--do not be so eager to show the customer all your wares that you cram everything into your display, leaving little room for movement or touch. Customers like to touch-and fit- so take this into consideration while you are arranging your stall.

4. Pricing: Have a pricing strategy
A common question i ask crafters is how they arrive at the prices they quote.
How does one cover all their production costs without seeming too cheap--or too expensive? Find a pricing strategy and stick to it. Do not sell your wares at one price at this fair and still another at the next one. Finally, and most important, be confident when quoting the price. And be ready to take the customer through the production process if they feel they are being ripped off. There is nothing worse than a customer feeling exploited.

5. Publicity: Let people find you (and remember you)!
How do you advertise yourself before, during and after the fair?
        a. Over and above the craft organizers doing publicity for the event, do your own publicity using your E-mailing lists, face book and twitter profiles to let people know you will be exhibiting at a certain fair.
        b. As discussed in an earlier article, consider flyers that showcase your designs instead of business cards. The latter don't say much about your product and it is likely that by the time the customer gets home, they have forgotten which card belongs to which business.
        c. Invest in a customized guest book (avoid those used for funeral wakes) and get your customer to give you their legit contact address by assuring them you will not flood them with text messages or worse, share their contact details with another company.
        d. One of the simplest, yet least often used tactics of making sure the customer remembers you is to email a thank you note after meeting them. Whether they made a purchase or not, the fact that they took time to come by your stall and make conversation is enough reason to say thank you. Make them feel they are the reason you are there.

            In conclusion, Let me remind you that craft fairs are not for making crazy amounts of profits. If it happens--sure, why not. But a better way to use the forum is to exhibit. Get people to see your product and understand the value it will add to their lives. Follow up these conversations as you would a business inquiry. You are likely to do more business this way.

All the very best and see you at the next craft fair!


Source: Nicedaydesigns.org

Wednesday 2 May 2012

The 5 basic steps of setting up a craft business



Setting up a craft business is exciting stuff. The trend usually goes something like this; you start off by making some pieces-jewellery, clothing, ceramics, dolls etc-for yourself. Your friends and family see them, wow at your talent and proceed to buy some. While they are busy choosing through the assortment, they urge you to not only make more so they can gift their friends, but make a whole lot for sale. In other words, they urge you to make a business out of it. Many of us, buoyed by the recognition others are giving our talents, jump right into "making a business out of it", ignoring the basics of starting a craft business. Soon after however, we realize that we need more than the enthusiasm of friends and relatives to run a business. So, what are the basics?

1. What is your product?
It is quite a different story creating a set of earrings for yourself and those close to you and creating for the wider market. When you are creating for people whom you have probably never met, how do you predict what they want? What colors will appeal to them? How much are they willing to buy your jewellery for? The answer is research. Here is the truth-there is no substitute for research. Just because your sister, her friends and your best friend fanned over your creations doesn't mean the rest of the world will. You must be able to engage your target market in a conversation that will reveal what they are willing to buy and for how much. Which brings us to the next point-who are you targetting to buy your creations?

2. To whom are you selling your product?
A piece of advice that proved worthwhile to me when i was starting out was that there has never been a great brand that appealed to everyone-a great brand must be able to attract and repel at the same time. What does this mean? Simply that you must create your product with a target market in mind. For instance, if you are going to use crystals combined with similarly expensive stones to create your jewellery line, you are in effect defining your market as those who have enough disposable income to buy a pair of earrings for a few thousand bob. So, do not make the mistake of peddling your wares at the local college craft exhibition because it is unlikely that the person you are trying to target shops there. Define your brand well. What do you want your brand to represent? What is the packaging of your brand? Taking all your costs of production, level of detail and workmanship, how much will you cost your creations? In answering these questions, you answer to whom you should be selling your product to.

3. Why are you in business?
I have met three categories of people in the crafting business: those that do it as a side business. This category will usually have a job someplace else but will also work hard to realize supplementary income from their craft. The second category does it purely as a hobby. They create when the mood strikes and will rarely worry about the bottom line. For them, it is a favorite past time and nothing more. Then there is a third category-those to whom their crafting business is a full time job. It is especially important for the first and third categories of crafters  to put systems in place that support their objectives of earning substantial monies from their craft.

4. How will you establish your craft business?
Assuming that you are setting up your business as more than a hobby, here are some considerations into the how-to's of starting a craft business.
Find a name for your creations-this is the beginning of creating a brand. How would you like to be identified? Come up with a few sample names and test them on potential customers. Better still, ask them to assist you in the process of coming up with a name. Whichever way you go about it, the golden rule is to keep it simple. Once this is done, register your company as a legal entity. It is fairly easy these days to register a company-my advice would be to go for a sole enterprise at the beginning and change legal status as the company grows. Of course if you want to go into partnership with someone else, there is provision for that. Make sure to get your book keeping in order right from the start. I cannot emphasize this enough-keep your business and personal finances separate. I guarantee it will be the single most important thing in determining the success or failure of your business. Finally, consider where you will set up shop. There is validity in setting up a workshop at home-if only to keep your overheads low. Convert your veranda or a spare room into a working area. Make sure it is comfortable, well lit, inspiring and cut off from the rest of your home. It is important that customers visit your workshop without feeling like they are intruding into your privacy.

5. Where will you sell your creations?
Once all your friends, relatives and neighbors have bought their fair share of your creations, what next? How do you go about creating awareness of your brand? The first thing (simple enough yet rarely done), is to create some promotional material. The cheapest format is paper and to this end, i see lots of people with printed cards that detail their names, telephone numbers etc. I have to be honest and say business cards will not do much for your business. A business card with your name and address doesnt say much about your brand. Most will argue that these cards bear the URL addresses to their websites or Facebook pages, and clients will automatically find their way there, right? wrong! Most customers--unless they are completely blown over by your creations--will not go that far. Save your potential customers the hassle and give them a peek into your work with an A6 flyer that bears image designs of your work. That way, you will always have your 'display unit" with you and clients can pick a design right there. In other words, turn every meeting into a potential sales opportunity. Reinforce this with a well laid out online studio. There is no excuse why a brand should not have an online presence. With the free and easy-to-design websites such as kbo.co.ke, social sites Face book and Twitter and free blog sites, craft entrepreneurs are spoilt for choice. Establishing and maintaining an online presence is crucial in communicating with clients who do not necessarily have time to physically visit your studio space.
But what about those who do have the time, but will still not come to your studio? How do you make contact with them? Through craft exhibitions. These platforms provide great avenues to sell your work. In a later post, i will go into details of the different craft fairs held in Kenya. But for now, let me say that you have to think very carefully about which craft fair to attend. Most importantly, base your decision on your target market-find out which exhibitions they frequent, and strive to be a vendor there.
You also have the option of displaying your items at the various shops that sell craft items including Spinner Web, Banana Box, Blue Rhino, Goodie's just to name a few.