Antique Booth Mistake #2: You're selling what you like instead of what your customers want to buy

Подписаться 35 тыс.

Просмотров 10 тыс.

50% 1

(previously recorded LIVE) In this series, I talk through 5 of the more common reasons you may not be making money in your antique booth or vendor business.
This one may be a little hard to hear! I see a lot of booth vendors using their booth as an excuse to go shop for what they like and love, and not always thinking about what their customers always want. Is your shopping customer-focused? If it's not, you're probably not seeing the sales you wanna see!
Antique Booth Mistake #1: • Antique Booth Mistake ...
Antique Booth Mistake #3: • Antique Booth Mistake ...
Antique Booth Mistake #4: COMING SOON
Antique Booth Mistake #5: COMING SOON
Hopefully, this helps!
WANT SOME ONE-ONE-ONE COACHING?
lostandfoundvintageshop.com/p...
Are you feeling stuck in your business? Maybe not seeing the profits or income you want, or struggling to even start?
What you may need is to talk it all out with someone who has been there and understands what you're trying to do.
I have spent 11 years successfully running my own small, home-based business and would love to help you with yours!
Whether you are . . .
Looking to get your furniture painting business up and running
Struggling to get the sales you want in your antique booth
Needing help with how to make social media actually work for your business
Trying to launch into online sales
Wanting to open that dream brick and mortar
I would be honored to help!
You would be surprised at what we could accomplish together in an hour one-on-one call. I will help you give focused attention to your business so you can walk away with an action plan or greater clarity on how to solve your problems and move forward.

Хобби

Опубликовано:

18 апр 2021

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 43

@julsknapp7192 2 года назад

I created a boho booth because that is the hottest trends in my area. But I hated it. I hated what it looked like because it wasn't what I loved. I hated going there to fluff it each week and it really did become neglected and my sales tanked! Did horribly. Then I went and ripped out all the items I hated and sold them online. I then had a booth I loved and cared for. Customers can tell when there's passion in what you do and my sales improved.

@LostFoundDecor 2 года назад

There definitely is a balance you need to strike! I agree that customers can tell when you love what you do, especially is you are doing the work to connect with them personally and they know you as the person behind the business :) I do believe too though that there is wisdom in watching trends and serving the customers who come to your mall… it doesn’t have to be an entire booth overhaul or changing up everything, but just being aware of what your target market seems to want. Glad to hear you have seen improved sales!

@kathleen9812 2 года назад

I'm in South Alabama and farmhouse is going like crazy here. I came down from Atlanta 4 years ago and the trend was dying there. I paint and source farmhouse stuff. White painted furniture sells like crazy. Do I have it in my house? Not at all. I prefer dark cottagecore. But I like to eat, so I paint all the things white (or light neutral colors). 🤣

@LostFoundDecor 2 года назад

That’s super smart-paint what sells, not necessarily what you prefer :)

@karleenferguson4884 Год назад

I recently got my first booth. I’m selling what I like and needed to hear this. Thank you!

@MissMolly3377 2 года назад

You know, this is good advice for someone who does crafting, too. In my area, everyone seems to be into the modern farmhouse, which I despise, and I really have no idea why they call it farmhouse, at all. I prefer the look of antiques, and I love the traditional farmhouse, where the decor is often functional. I have to keep in mind, what you're saying, in this video, when I am making things to sell. I find it sad that the modern farmhouse look prefers more mass produced cheap junk, over beautiful and real antiques. I do understand the cost is not always in their favor, but, to me, the mass produced stuff is just cheap and ugly looking. So many of my friends have this style, and some of the stuff they have, just cheapens their entire look. It is, also, so "cookie cutter," there is nothing original. If Jenny, down the block, buys it, they must have it, and it really makes for a boring atmosphere, when they're all the same and nothing is unique. However, I have to sell my products, whether, it is a project I have made or something I have found, while out thrifting, so, I have to make, what will sell.

@jillysstuff 2 года назад

Glad I found you! Hi from Ontario, Canada

@cherylatkinson9083 3 года назад

Great tips!! Thank you so much.

@LostFoundDecor 3 года назад

you're welcome Cheryl!

@kathyjohnson1911 2 года назад

At first I thought “yikes! I don’t want to sell what I don’t like”, but I see what you’re saying. Adjusting for the market. Right now I’m making mostly monochromic bags made from vintage textiles, but I think I’ll try doing some in bright colors so there’s a variety. Thank you for your ideas. #california #northbay

@LostFoundDecor 2 года назад

Yes, this is a kinda hard lesson! But you can totally work on it in increments-like you said, just try adding in a few other color schemes and see what takes :)

@paulalim1476 2 года назад

Watch Salvage Hunters on RU-vid. Drew Pritchard has been in the antique business his entire life. He is now probably the best known dealer in the UK. He says to buy things that you LOVE. IF you don’t love it, neither will your customers. Just do what works.

@AngieWilliamsDesigns 3 года назад

Ok. So I skipped watching this yesterday because I was like... selling what I like is what sells for me. LOL. Since I didn't watch during the live I will type my questions as we go. First question... when you say "buy at market and resell"... what market??? LOL Where do you find these markets? Because stuff like that sells at my antique mall. Especially greenery. But I don't know where to get that stuff. At least not at prices I think are profitable. Also, I'm still working on my branding. I am a furniture builder to start. And then started attending auctions for myself but found pieces that I wanted to fix up and flip. I found that those pieces sell quick but also I can get more of those pieces in my booth. Meaning... I can complete these flips quicker than builds. I really want to do the boot camp. I don't know how the camp flows. But I have so many questions. LOL... ha. You just answered that question in the video.. I am on the fence deciding if this is a viable business for me or if I should close my booth. I WANT to do it... but I want to make money for my family and to justify continuing to do it.

@LostFoundDecor 3 года назад

HI Angie! There are so many places to find great stuff for your booth. Where I live, there are multiple monthly outdoor flea markets with great, cheap stuff to upcycle and sell. You have to hunt for them--google searches, or ask around. They don't generally advertise well! As for floral and greenery, you can shop the Hobby Lobby half off week and then sell it back for full price in your booth (I do that all the time) or you can shop wholesale companies--Lancaser Floral and Vintage, Ragon House, Col House Designs are just a few. But any time you shop with a wholesale company, your margins are a bit smaller. I think your wise to consider the cost of your time in building furniture, vs finding some already built to flip--time is money! Hope that helps some :) Thanks for watching!

@rkevghas 2 года назад

I sell vintage and antique ephemera and 17th-20th century prints. What I have noticed is that my cat prints from Clare Turlay Newberry didn't sell like they normally do this past year and has led me to scale those back. They used to be a set of prints that always sold, but now haven't moved at my main location. They did move a little at the seasonal shop that I am in that goes April - October and that is where I will send them this year!

@LostFoundDecor 2 года назад

Sounds like you’re on top of if!

@lisamoniquekent1818 Год назад

I've just discovered you and what a delight! I work for a lovely antique shop in Freeport, Maine and am learning so much through your channel. Do you still have online boot camp? If so, how do I join?

@LostFoundDecor Год назад

Hi Lisa! So glad you’re here! I closed the Bootcamp course back last September, so it’s no longer offered. But I hope you’ve been able to find some helpful ideas in my videos! Best of luck to you!

@brandyhuckabee1382 2 года назад

I am so glad I found your page. My mom and I are about to start a booth at our local vendor mall. She has done so before, but this will be my first time. I want to take your boot camp but I will have to wait till next signup. My one question, I would ask is, how do you inventory?How do you determine how to label your items so that you know when you bought, placed them and how to track the items you sell. You have excellent advice. I look forward to every video

@LostFoundDecor 2 года назад

Hi Brandy! We actually changed up how we offer Booth Seller Bootcamp and it’s now open year-round, so you can jump in anytime you like :) We also have a 4 month installment payment plan available too :) We definitely talk more about inventory management in the class, but I can tell you here a lot really depends on your mall. Some malls don’t want a lot of info on their tags, some do. If you can have an item number and description on your tags, so it. Especially when you’re just starting out, record everything so you can track what’s selling and for how much. The more info you have on your numbers and sales, the better decisions you can make on your business!

@brandyhuckabee1382 2 года назад

@@LostFoundDecor that’s helpful and I am excited that you opened it to year around. I will definitely be signing up asap. Thank you😊

@ruthverstegen6095 2 года назад

Green bay, Wisconsin

@michellebisesi4498 6 месяцев назад

I realize this is a difficult question. But in a quality resale vintage store about why kind of net profit would you expect to see in a month? I realize it depends on the month, but a wild guess would be helpful. Thanks I learn so much from you.

@LostFoundDecor 5 месяцев назад

Totally does depend . . . mostly on your profit margin for you items and what size space you rent. If you're able to find great items for a low price, and sell at a nice price to higher end customers (getting a 70-80% profit margin), you can do well. I would say a good average is $500-$1000 monthly profit, but again, there are SO many factors that go into it.

@jameslepage4745 3 года назад

Fine, but what do you do with your current merchandise? Do you eliminate them? How do you justify the loss of what you bought? I understand that one needs to change your buying and what is bought. One's current booth needs to evolve. I'm requesting suggestions.

@LostFoundDecor 3 года назад

Sure thing James. It's tough when you have money invested, and you face the reality of that kind of loss. There's not really a way to justify the loss, but you can recoup some of it. You can have some form of a garage sale, put it on Craigslist, or possibly put it on Facebook marketplace. At the core, you may have to let go of the hope of making a profit on the things you've already purchased, and focus more on minimizing the loss. Having $200 of items left that you can't sell is better than$500 of items sitting around. Ideally, you'd make money, but you may have to settle for just selling it for what you paid for it...or possibly less. That's the hard part of this kind of business...learning, adjusting, and sometimes you triple or quadruple your investment...other times something sits for 8 months and doesn't move.

@danielavalle4497 3 года назад

This is great advice! Thank you for sharing! ❤️

@LostFoundDecor 3 года назад

You’re so welcome! Glad it was helpful :)

@danielavalle4497 3 года назад

@@LostFoundDecor where is your booth located? I’m also in the DFW area and would to visit one day!

@LostFoundDecor 3 года назад

I have actually moved :( This video was recorded awhile back. But I had a booth at Antique Company Mall in McKinney, I loved it there!

@eliseintheattic9697 2 года назад

You're in the Dallas area? That's where I am. Would love to know where your booths are to go by and see them.

@LostFoundDecor 2 года назад

Hi Elise! I have moved since this video was recorded and now live in NW Arkansas :) But my main space was in Antique Company Mall in McKinney

@eliseintheattic9697 2 года назад

@@LostFoundDecor Oh bummer. Wish I knew about your channel when you were here. I have a booth in Allen and I've visited the one in McKinney.

@countrysister700 2 года назад

At least in Waco mid century is king. Forget clear glass and grandma's estate sale

@WowThingsThrift 3 года назад

North Carolina ✌️

@LostFoundDecor 3 года назад

Thanks for watching!

@countrysister700 2 года назад

Found videos for reasons #1 and #2 but nothing numbered beyond that.

@LostFoundDecor 2 года назад

Hi there! These videos were originally recorded as a series of FB lives over on my business page, you can find the rest of them there! facebook.com/losetheordinary/videos/ I also wrote up the content on my blog, and you can find that post here: www.lostandfounddecor.com/5-reasons-you-arent-making-money-in-your-booth-or-vendor-business/

@countrysister700 2 года назад

@@LostFoundDecor Thanks! I'm enjoying all your videos but wondered if I was missing anything

@LostFoundDecor 2 года назад

@@countrysister700 I'm so glad you asked, because I kinda had forgotten all about them! I've actually been uploading the rest over the weekend, #3 and #4 are live now, #5 will be dropped tomorrow :)

@countrysister700 2 года назад

@@LostFoundDecor I saw that and am so excited to see them too! You're wonderful!