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What's a reasonable profit margin?
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sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Tue Mar 27, 07 5:25 pm    Post subject: Reply with quote
    

tahir wrote:
�23-�27 for a beanie:

https://www.allthingsgreen.net/marketplace/lief-clothing-m-19.html


I notice they have neither teacosies nor welly socks on that site Wonder if they need two new suppliers?

tahir



Joined: 28 Oct 2004
Posts: 45676
Location: Essex
PostPosted: Tue Mar 27, 07 5:27 pm    Post subject: Reply with quote
    

Ladies, the first thing you have to understand (both of you) is that you're selling your own labour and ingenuity, this is a finite resource, you can't make more time than 168 hrs p.w.

Charge more sell less is my advice. I think both of you are far too talented to spend your lives making sodding hats and socks.

tahir



Joined: 28 Oct 2004
Posts: 45676
Location: Essex
PostPosted: Tue Mar 27, 07 5:31 pm    Post subject: Reply with quote
    

I'd also add that between the pair of you and other members here you have the potential to form a co-op of your own, this could share out work and present your ranges at shows without having to travel yourself. e.g. Toggle does London shows, Sally Welsh ones etc...

Where's n, is there anything like this happening at her site?

tahir



Joined: 28 Oct 2004
Posts: 45676
Location: Essex
PostPosted: Tue Mar 27, 07 5:33 pm    Post subject: Reply with quote
    

Wonder if Pils would be interested in doing some shows for such a co-op? Come in Pilsbury...

sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Tue Mar 27, 07 5:34 pm    Post subject: Reply with quote
    

tahir wrote:
I'd also add that between the pair of you and other members here you have the potential to form a co-op of your own, this could share out work and present your ranges at shows without having to travel yourself. e.g. Toggle does London shows, Sally Welsh ones etc...

Where's n, is there anything like this happening at her site?


now there is a thought!

tahir



Joined: 28 Oct 2004
Posts: 45676
Location: Essex
PostPosted: Tue Mar 27, 07 5:36 pm    Post subject: Reply with quote
    

sally_in_wales wrote:
tahir wrote:
I'd also add that between the pair of you and other members here you have the potential to form a co-op of your own, this could share out work and present your ranges at shows without having to travel yourself. e.g. Toggle does London shows, Sally Welsh ones etc...

Where's n, is there anything like this happening at her site?


now there is a thought!


Yup, you have to maximise coverage without increasing travel time and costs, you should all benefit. I'm sure there are plenty of potential members on here. (If not there should be)

Stacey



Joined: 18 Jul 2005
Posts: 8380
Location: Kernow
PostPosted: Tue Mar 27, 07 6:04 pm    Post subject: Reply with quote
    

sally_in_wales wrote:
tahir wrote:
�23-�27 for a beanie:

https://www.allthingsgreen.net/marketplace/lief-clothing-m-19.html


I notice they have neither teacosies nor welly socks on that site Wonder if they need two new suppliers?


They've offered me a space on all things green but it's 20 quid a month or 15% (or something like that) I keep meaning to email him and a couple of other people on it and ask if it's worth their while.

tahir



Joined: 28 Oct 2004
Posts: 45676
Location: Essex
PostPosted: Tue Mar 27, 07 6:08 pm    Post subject: Reply with quote
    

Stacey wrote:
They've offered me a space on all things green but it's 20 quid a month or 15% (or something like that) I keep meaning to email him and a couple of other people on it and ask if it's worth their while.


They get �20 a month AND 15%

Set up your own, get together with a few people and do it. I'm sure there are plenty of people here that can set something up pretty cheaply and quickly.

jema
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 28239
Location: escaped from Swindon
PostPosted: Tue Mar 27, 07 6:18 pm    Post subject: Reply with quote
    

tahir wrote:
Ladies, the first thing you have to understand (both of you) is that you're selling your own labour and ingenuity, this is a finite resource, you can't make more time than 168 hrs p.w.

Charge more sell less is my advice. I think both of you are far too talented to spend your lives making sodding hats and socks.


Absolblinkkinglutely and this sobering thought needs considering whenever anyone considers "craft" type things.

Stacey



Joined: 18 Jul 2005
Posts: 8380
Location: Kernow
PostPosted: Tue Mar 27, 07 8:51 pm    Post subject: Reply with quote
    

I'm never too keen on the idea of co-ops just because of the nature of them and me. This may come as a surprise to all of you but I don't do people very well

The shows I've picked to do this year are ones that we want to attend as a family. If by trading at them I can pay towards that then I'm happy. Next year will have to be a different matter - I'll have to start behaving like a proper business

Stacey



Joined: 18 Jul 2005
Posts: 8380
Location: Kernow
PostPosted: Tue Mar 27, 07 8:54 pm    Post subject: Reply with quote
    

jema wrote:
tahir wrote:
Ladies, the first thing you have to understand (both of you) is that you're selling your own labour and ingenuity, this is a finite resource, you can't make more time than 168 hrs p.w.

Charge more sell less is my advice. I think both of you are far too talented to spend your lives making sodding hats and socks.


Absolblinkkinglutely and this sobering thought needs considering whenever anyone considers "craft" type things.


Hmm - I think the problem is in the word craft. I don't consider what I do as being craft in the sense that others might. I think I'm in some middle ground between craft and art. That's why I'm happy to adopt the somewhat cerebrally masturbatory term of 'designer maker' for the time being. I think the Crafts movement (with a capital C) in the UK is undergoing a shift in perspective. It's a good time to be in the creative industries IMO - it's just a matter of finding a niche that one is comfortable and confident in.

dpack



Joined: 02 Jul 2005
Posts: 46247
Location: yes
PostPosted: Tue Mar 27, 07 11:54 pm    Post subject: Reply with quote
    

Stacey wrote:
Ok - I've just worked out what I would need to sell to provide half the family income per annum at �8 an hour and with a 30% margin.

2756 soap kits
or
312 tea cosies
or
1568 mug cosies
or
5044 felted soaps

X 10 with a 100% margin

Burger anyone?

i understand , top end market is required i suspect

Stacey



Joined: 18 Jul 2005
Posts: 8380
Location: Kernow
PostPosted: Wed Mar 28, 07 9:31 am    Post subject: Reply with quote
    

klaus van winkle wrote:
i understand , top end market is required i suspect


I think you're right. I need to tailor my products to appeal to that market.

Stacey



Joined: 18 Jul 2005
Posts: 8380
Location: Kernow
PostPosted: Wed Mar 28, 07 9:33 am    Post subject: Reply with quote
    

tahir wrote:
Stace, this must take less time to make than a tea cosy mustn't it?

https://www.allthingsgreen.net/marketplace/ecofriendly-scarf-large-p-278.html?manufacturers_id=33


It probably takes more time - it's woven.

I don't weave - I can't see in straight lines at all so I find warping up a loom to be almost impossible.

Stacey



Joined: 18 Jul 2005
Posts: 8380
Location: Kernow
PostPosted: Wed Mar 28, 07 9:35 am    Post subject: Reply with quote
    

tahir wrote:
I think both of you are far too talented to spend your lives making sodding hats and socks.


I'm intrigued (and flattered) by this - what do you mean? What sort of things do you think would be more lucrative?

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