Wednesday, March 17, 2010

Break in Posts

I won't be posting much in the next few weeks but for a great reason. I'm moving into my very first solo apartment and I'm so excited. A whole place just for me and my dog.

However this means I'm incredibly busy with packing along with trying to get work done and my taxes so until I'm settled in to the new place I probably won't have time to post. You can follow my other blog if you want updates on the move.

Friday, March 12, 2010

Weekly Inspiration

This ring is so crazy and fun I had to feature it.

Submit your photos for consideration as a Weekly Inspiration by adding them to the Flickr Group.

Tuesday, March 9, 2010

Quick Tip #22 - Craft Fairs and Festivals Sign Up

It's that time of year, if you're doing craft shows and festivals over the summer you need to be signing up now. I've already sent in 2 registration forms for shows in July and I'm working on number 3 today. It's going to be a busy year.

A few resources for finding shows:
Also check out local and state arts organizations, for example in Maine where I live we have the Maine Arts Commission which lists events.

Friday, March 5, 2010

Weekly Inspiration

I don't have the guts to show off my studio in it's usual messy state.

Submit your photos for consideration as a Weekly Inspiration by adding them to the Flickr Group.

Wednesday, March 3, 2010

Q&A - Supply Costs


Kaelin said...
I would like to know what the right ratio of start-up costs are for materials. I work in what has turned out to be a series of designs appealing to a rather high-end clientele, which entails a rather large materials bill. I have invested very heavily to start, and about once a year I manage to cover most of my previous expenses, but not enough to continue to restock materials such as gemstones, precious metals, and gift boxes with which to make more pieces....
My answer to this isn't entirely about supply costs. Yes, starting out you may need to invest in a lot of supplies that will take a while to earn enough to cover the cost. I think you should start small and not put supplies on credit cards when starting out, if your carrying those supplies as a balance they are costing you a lot more with interest. How much is totally dependent on how much time you can devote to your craft, what supplies are needed, and how much you can afford.

The real issue here sounds more like covering the cost of your supplies on an ongoing basis. If you are selling your work yet can't cover the cost of new supplies to restock then your prices are probably too low. You should be making enough to cover the cost of material, the cost of a replacement, and pay yourself a decent wage for your time.. I've covered pricing before in this post. If on the other hand you are pricing well and aren't selling enough to cover your costs then you may need to take a break from making new pieces and work on promoting yourself. You need to be selling enough to cover your costs and make a profit.

Make sure you are tracking all your sales and expenses somewhere, whether it's accounting software like Quickbooks, Excel/Open Office spreadsheets, or a ledger book. Doesn't matter so long as your keeping records. If you aren't tracking this stuff it can be far too easy to spend too much on supplies or spend the money elsewhere. Plus if you keep the books organized it makes taxes far easier and you and the IRS will be happier.

Monday, March 1, 2010

Video Pick: GIMP Basics

GIMP is my choice for image editing and it's free. With it you can color adjust photos, crop, scale, create banners, business cards, etc. It is quite powerful but takes some getting used to so here's a nice little introductory video. For more advanced stuff check out the rest of the GIMPTricks channel.

Related Posts Plugin for WordPress, Blogger...