Craft Show Tutorial with Karen Gresham (Part 1)
Craft Shows
A great way to sell your handmade products and grow your business!
What are the benefits?
- Make money
- Networking with other creatives
- Meet your local community and develop name/brand recognition
- See what is trending
- Positive affirmations on your product
- Opportunity for wholesale
- Gain confidence and experience
- Grow your social media and mailing list
What are the challenges?
- Physically demanding
- Inventory
- Booth Staging
- Costs related to registration, staffing, travel, inventory
- Logistics related to booth set up/take down, staffing, managing inventory
- Payment processing
Am I Ready?
- Do you have inventory
- Do you like interacting with your customers
- Are you looking for new opportunities
- Do you want to grow your community
- Start small and work your way up to larger shows
How to Find a Show
- Local Resources
- Word of Mouth
- Chambers of Commerce
- Church/School Fundraiser
- Regional Resources
- www.festivals.net– basic info is free; pro service varies- purchase by month ($15) or annual ($60); includes ability to list your items for sale
- www.fairsandfestivals.net – basic info is free; detailed info is 1 year membership ($34.95) or 3 months ($19.95)
- www.artscraftsshowbusiness.com – basic info is free; details and annual membership with quarterly newsletter ($48.95)
What Expenses to Expect
- Show registration fees
- Business license/Vendor license if required
- Travel- hotel, gas, food
- Booth set up/seasonal decorations
- Show assistant
- Payment processing fees
- Local/State taxes
- Insurance
Ask Questions before Committing
- Is the show well established or is it new
- How many are expected to attend
- How is the show marketed- locally, social media
- What are the entry requirements? Juried or non-juried
- Are there other handmade crafters or MLS vendors
- Are there other vendors in your same niche
- Does the show provide security? If an overnight show, is security 24/7
- When can vendors set up/take down
- What is the cancellation policy? Rain or shine
- Indoor or outdoor booth
- Local accommodations for lodging/food
- What are the requirements on booth size, design, types items
Set a Show Goal
- To get the most out of each show, set expectations and goals
- Types of goals could include:
- Growing your email list
- Developing new relationships with other vendors
- Getting local brand recognition
- Growing your social media following
- Selling for profit $$$
- Developing a customer service strategy
- Developing sales skills
- Learning what works and what doesn’t
Inventory
Develop a strategy
Determine How Much to Take
- Option 1: Based on vendor fees
- Popular technique- 8 to 10x show fees
- $75 entry fee x 10x= $750 in sales; bring enough inventory to meet this in sales
- Avg wreath $50- would need to sell 15 wreaths
- Avg wreath $85- would need to sell 9 wreaths
- Popular technique- 8 to 10x show fees
- Option 2: Based on show attendance
- Figure a 1-3% conversion of attendees to sales
- Anticipated attendance= 500; 3% conversion would be 15 sales
- Avg wreath $50- would net $750 in sales
- Avg wreath $85- would net $1275
- Figure a 1-3% conversion of attendees to sales
- Option 3: Based on sale goal
- Set sales goal and bring 2-3x sales goal in inventory to meet goal
- Sales goal= $1500
- Would need to bring $3000-$4500 worth of product to meet goal
- Set sales goal and bring 2-3x sales goal in inventory to meet goal
Maker’s Timeline
Once shows are scheduled and you have determined how much inventory is needed, it is time to determine your timeline!
- Determine your inventory goal
- Figure out how many days/weeks/months you have until the show (don’t work right up to show day!)
- Inventory goal is 60 wreaths
- Show is 3 months out= 12 weeks
- You will need to make 5 wreaths a week!
Now you know how many wreaths/items you need to make to have enough!
Other Inventory Considerations
- Make items in a variety of price points
- Be sure to include a showstopper item
- Make more than one of each style
- Make small quick items (bows, small florals, pre-made wreaths with your bows, etc)
- Determine how you will bag your items after the sale
- Make a plan for restocking during the show
Let’s Talk Booth Space
Design your Space
- Find out booth space from show organizer
- Look at show map for traffic patterns and how other vendors are spaced around your booth
- Have a plan for indoor set up and outdoor set up (depending on show)
- Will you require electricity? Ensure your cords meet the requirements
- Find out the show guidelines/restrictions on set up- tent specifications, display table requirements, signage allowed
Booth Success Tips
- Practice your full booth set up at least a week before the show
- Make a show check list of all items you needed when you practiced your set up; take pictures if needed
- Make a contingency plan for inclement weather
- Clearly display your pricing and price your items early
- Leave room in your booth for customers to walk freely- consider those with walkers, wheelchairs, and baby strollers
- Set up a check-out station
- Take snacks, bug spray, hand sanitizer, sunscreen, chapstick, paper towels, extra clothes, towels, tool kit
Conclusion
Tune in on Wednesday, January 19, 2022 for our Q&A session in the Facebook group at 7:30 PM EST!
Next segment will cover:
- Marketing Strategy
- Processing Logistics
- Post-show Analytics
- Developing a mindset for success
Get a Free Craft Show Timeline:
Text “craft show” to 334-373-1443
Outstanding information! Thank you Karen!!