Before the business plan and tax license let's start with the basics. Do you know what a fiber festival is? Or have you just read about them in Spin Off or on the net or been to a 5-10 vender event at a local farm? YOUR HOMEWORK Go to a fiber festival ,with at least 50 venders if possible. Look at booth design/displays Look at quality of products for sale-how does your product compare? Look at the quantity of product in booths and variety of items for sale. Are you thinking of selling a number of items or just one -ie: handcrafted hand spindles vs yarn, roving, batts Look at pricing of similiar products What makes your product equal to or better than what you see being sold ? Do you have a product not being offered and is there a market for it? Take pictures, if allowed, and the venders don't mind. Take notes, trust me you won't remember everything you think you will remember. Collect business cards and show brochure. Check out web sites of venders you especially like. Do you have or can you make/purchase enough product to sell at an event. Be realastic. Do you have an idea of which events you would like to sell at or do you need a list of events to consider? More in the next post. Let me know if you have any questions or specific info you want.
All good things to consider. I have done quite a lot of homework, particularly in the checking out of other's booths department!
ReplyDeleteSorry it has taken me so long to reply but I am back on track now and will be posting on Being a Vender often so please check in for new info. Thanks.
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