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If you're looking to maximize residual income is to
make arrangement with retail stores, especially stores in malls.
Gift shops, golf pro shops, fishing shops, sporting good stores,
etc… Naturally the amount of sales you’re going to generate per
store is going to be smaller than if you were at a craft show. But
if you had a small display at 30 stores and it all adds up. Here’s basically
how this works.
Contact a store owner.
Perhaps make up a print
with the owner’s name on it. Perhaps drop off a catalog. Figure
out how many prints the store would carry. For example a golf pro
shop would carry the Golf-M, Golf-F and Golf Couple. A gift store
on the other hand might carry the entire line.
Figure out what kind
of profit you can offer the store.
Remember, you have NO overhead at all so don’t be greedy. I would
make sure the store can make at least a 100% markup, maybe even
more. In other words if the store is going to sell a framed
print for $20 than you should sell
it to the store for no more than $8-$10.
You also need to figure out
how quickly you can deliver the prints back to the store. Or maybe
you might want to ship the prints directly to the customer. That
might make it an easier sell for the store but who’s going to absorb
the shipping cost? How are you going to get the orders? Remember
you need to make it as easy for the store owner as possible. They
probably don’t want you waltzing in every other day asking for
orders! Do you have a fax machine? E-mail? Can the store call you
when they have a sale?
The next point to
consider is what kind of display you’re going to set up.
This depends, of course, on how much space the store owner is
willing to give up. Whatever it is make sure you have pictures
displayed with high quality oak frames. A couple of signs would be
nice with clearly marked prices. Make sure you offer brochures with
either your name/address or the stores.
Check the resource center for more
examples.
Karate schools, ballet
schools, realtors, etc..
These kind of establishments are more likely to order large quantities of
keychains, magnets or prints for each one of their students. How
about a pilot print for everyone who gets their license? Or a
karate print with the color of the belt filled in? How about a chef
print for everyone who graduates from cooking school? How about a
print for each realtor in the office? How about giving a print to
every family that buys a house or rents a new apartment? The
possibilities are limitless. Remember the key here is volume. Your
overhead is minimal so don’t be greedy. Offer a fair price to the
school or company and you’ll develop a lot of customers.
Check the
resource center for more detailed instructions on how to approach a
store.
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