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I have a booth at local gallery/gift shop in town. We get lots of travelers passing through or staying a few days for fire academy training or explosives training at local facilities. This means a variety of customers/tastes.
The booth rental is $45/month and the gallery cut is 15%.
I do well as far as sales volume, but no real profits. I keep spreadsheets for each project that include all the material costs, tooling wear, supplies, etc, and decide on a price from that. Basically I'm recovering all my expenses except for labor.
I still work full time so I can't really go crazy with a bigger inventory until I retire, but I have experimented with higher prices on some items. More elaborate boxes and my lamps are selling at the higher prices, tables and bigger pieces not so much.
Definitely a "sweet" spot for moving stock at lower prices versus waiting for a sale for some time at a higher price.
There is one "big" crafts show in town each year that attracts a lot of visitors (Festival of the Cranes at the local wildlife refuge). Even time I've attended, sales have been good, but the prices are not changed from my gallery booth.
I like this arrangement since I can work at my own pace and build what I want.
A few commissions come along, but then I have to go 100% to get those complete. More profit, but much lower volume.
The booth rental is $45/month and the gallery cut is 15%.
I do well as far as sales volume, but no real profits. I keep spreadsheets for each project that include all the material costs, tooling wear, supplies, etc, and decide on a price from that. Basically I'm recovering all my expenses except for labor.
I still work full time so I can't really go crazy with a bigger inventory until I retire, but I have experimented with higher prices on some items. More elaborate boxes and my lamps are selling at the higher prices, tables and bigger pieces not so much.
Definitely a "sweet" spot for moving stock at lower prices versus waiting for a sale for some time at a higher price.
There is one "big" crafts show in town each year that attracts a lot of visitors (Festival of the Cranes at the local wildlife refuge). Even time I've attended, sales have been good, but the prices are not changed from my gallery booth.
I like this arrangement since I can work at my own pace and build what I want.
A few commissions come along, but then I have to go 100% to get those complete. More profit, but much lower volume.
