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Marketing 101 - do not forget the basics.
Know your products
Know how much it costs and how much you need to sell them for to make a profit.
You Should Know(You may need to keep little cheat sheets for some these)
Pricing / Selection
When comes to prices, give everybody the same price. If you give a friend a different
price than another client, what will you do when they find out?
When with an array of choices many customers will find that they have a
hard time deciding what they want. Keep the selection simple.
Prices
Develop standard prices for your basic models, then decided how much to charge for each
upgrade.
Example: You make mother-name bracelets.
1. Come up with a price for one name with Silver Beads only.
2. Then how much for each additional strand.
3. Next, much you charge to add Birthstone Colors.
4. Want to add charms? Then how much for each charm.
5. Set the price with Gold Beads.
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Example: Name Bracelet
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Pricing Information
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Single Strand Name Bracelet (Silver) |
$40.00 |
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Additional Strand / Name |
$20.00 |
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Birthstones 4 Per Strand |
$5.00 |
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Charms |
$3.00 Each
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Gold Accent Beads |
$1.00 each
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All prices are based on a maximum of 7 letters.
Bracelets are 7 Inch in Length
I found these prices on the web 5/3/2003 and
are for demonstration purposesonly.
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Persistence
All good things take time. This is especially true in marketing. Plan on a long-term commitment
to your business and you will greatly increase your chance of success! Once you
place an advertisement keep the ad advertisements in the same place, unless you
are getting no return on that advertisement.
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I have an almost Rainman like quality when it comes to my vendors.
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When I go to a show if they are not there, I freak, if
they have moved I freak. I do not like it when their print advertisements
change.
How many times have you looked through a stack of magazines for a particular
advertisement only not to find it? I do it a lot, but my wife never does.
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Target your Customers
There are always excellent opportunities to target your audience.
Your Target Audience for Jewelry Will Be Females With Disposable Income.
- If you sell charm
bracelets then how about targeting the high schools, dance schools, and sport
teams. As long as you are looking at schools, do not forget the drama and speech
clubs.
- If you are targeting sports teams, how about the cheerleaders, POP Warner, the
players parents, grand parents, etc.
- If they already have a charm bracelet, is it getting too small? Have they just
gone out for a team and need a charm added?
- Do you do Name-Bracelets? Have you looked at birth announcements in the paper?
You could cut out the announcement lament it, and mail it to the proud parents along with one of your brochures.
- You could do the same with Wedding / Engagement announcements. A nice charm
bracelet would be the perfect bridesmaid gift.
- How about the Anniversaries published in the paper. You do know the
Anniversary stones; you could make the perfect gift.
- Is there a newsletter for your town, or a school newspaper? Take out a small
ad. Announce a jewelry workshop, beading demonstration, or that you have in
the latest school charms.
I
am sure that you see that there are tons of ways to target your specific market.
Your goal is to find a niche and dominate it.
Display your Products
Custom Jewelry Crafters face a challenge in that the traditional buyers of
jewelry like to touch, try on and see products before making a purchase.
You should always be sure to carry some sample products with you, also carry ready-to-sell
items. You can order some jewelry carrying cases from several companies. The ones I like best are called rolls.
You can put you pieces in the ,
rolls held in place by Velcro or elastic and then
roll them up. One of these will cost you around $11.00.
Be sure to keep you jewelry clean and polished. After someone has tried on one of
your pieces wipe it down to remove body oils. With a good polishing cloth You should store the pieces in
airtight plastic bags, to minimize contact with air.
If you can, get some 3-M Anti-Tarnish strips, these last
about 6 Months and will keep your jewelry tarnish free. Light tarnish or
oxidation can be removed with silver polishing cloths available at major
supermarkets, hardware stores or jewelry shops.
Packaging is important if you do not have the latest Rio-Grande Packaging and Display
Catalog, or the Fetpak Catalog you should order them from their websites (They
are Free). Both of these have hundreds of the latest items for displaying your work.
Did you get your free business cards?
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You can use these as earring holders, by simply punching small holes in
them.
Since you can get business cards free, have some made up just for this
purpose.
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Your Existing Client Base
Tell everybody that you have given jewelry too that you are now selling your crafts. If you
have collected a mailing list of people, send out periodic announcements.
These people have already bought from you, so they know exactly what to expect. If
you have not started collecting email addresses, shame on you, start collecting
them now.
Keep in contact with your customers and find out if there are any new marketing
opportunities in their life.
- If they already have a charm bracelet, is it getting too small? Have they or
their children gone out for any new sports? How about the cheerleading,
dance, new hobbies, etc.
- Have they any new arrivals, do they need a new name added to their Name-Bracelets?
- What about Wedding or Engagements a nice charm bracelet is the perfect bridesmaid gift.
- Do they have any big Anniversaries coming up? You do know the Anniversary stones; you could make the perfect gift.
Fairs, Events and Festivals
Jewelry buying is very much an impulse-event, but it does not have to
be. Keep business cards or small leaflets containing your business name, phone number and your email address to
give to people. Are their any special events that are happen around you? They do not have to be Craft
Shows. Just be sure that you have lots of business cards to pass out.
If you create thematic jewelry then you can really take advantage of these events, by
wearing you pieces and just leaving business cards lying around.
Consignment Shops and Boutiques
If you sell your crafts on consignment, place a small sign (many consignment
shops will allow this, but be sure to ask!) in your display with a message about
you. A stack of business cards can also be an effective way to help people
remember you when they get home.
If you have been trying to get your products into shops without success try this trick.
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A few weeks before you approach the shops, have
a few friends call or visit the shops and ask if they carry anything
made be you. Space it out so that it is not so obvious. When you do get
to talk to the owner or buyer, they will have heard your name, and think
that there is a demand for your jewelry.
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