What if you could sell 95% of your handmade creations via wholesale?
My guest today has done just that. She quickly grew her business – and her income! – by focussing on selling via wholesale, rather than online or at markets.
But where do you start? How do you know if you’re pricing correctly? And what’s the best way to approach stores? How to you show them what you’ve got to offer?
There’s a lot to know, and it’s important to keep your relationships with current and potential retailers secure.
Figuring out your pricing to include all those elusive overheads is truly one of the major pieces of the puzzle; along with having a stellar catalogue and knowing how to get your name and products ‘out there’.
In this episode Melanie Augustin sits down with me to talk about how she jumped into wholesaling headfirst and the lessons she has learnt along the way.
Mel is my good friend, and also my co-teacher in the Wholesale Know-How course – available right now!
Click or tap here to find out exactly how our course will show you the steps you need to take to successfully sell your handmade creations to brick & mortar retail stores.
NB: The body of this episode is a replay of Episode 5 of the podcast – I’m bringing it back today because that was 3(!) years ago, and I know many of you would have never listened to it – Mel has some brilliant insights to share, so don’t miss it.
Podcast: Play in new window | Download | Embed
Quotes and highlights from this episode:
- “Some days it’s almost like the business part and the creative part of me are pulling against each other, and you really have to accept that.” {Melanie}
- A lot of crafters who craft for fun often think they can turn things into a business but it’s really a different mindset and a different way to think about things.
- Make sure you know how much you can make in a specific time frame to figure out if you need to factor in staff or other help to get your orders filled.
- Find a business partner or think about hiring help if you find the accounting side of your business too scary.
- Trade fairs can be great places to pick up new business but they aren’t essential for you to step into wholesale.
- Trade fairs are completely different to a retail craft market as people are less likely to want to chat and are there for business.
- Make sure you have a catalogue which makes it easy for buyers to choose and order efficiently.
- “I wish I could just create all day and I think that’s what people think but there’s a lot just sitting there and marketing and online business.” {Melanie}
- “We all make mistakes with our pricing in the beginning. When you have a lot of orders, you can sit there and think, I’m not earning enough money for this!” {Jess}
- Make sure you maintain a good relationship with your buyers as it’s easier to sell to the same customer rather than get a new customer.
- Don’t be so worried about work/life balance on a daily basis as you will find that it evens out over the course of the year.
- “I’m now strict about not working weekends except in those last three months of the year” {Melanie}
- “Before my daughter was in school, I would go into studio lock-down for days on end and that worked really well because then I could take the time I wanted. Now I have my daughter’s schedule with school hours, I have to adjust.” {Mel}
- Book: The Divided Heart: Art and Motherhood by Rachel Power
- Instagram is a great tool for marketing an online business along with Twitter if you’re a bit of a wordsmith
- Mel’s Top 3 things to get right for wholesaling
- Pricing
- Catalogue
- Marketing
- “If you don’t build your dream, somebody will hire you to build theirs.” {Tony Gaskins}
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