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How To Find Your Best Wholesale Approach
The biggest determinant in wholesale success – both in the early days and as you get more established – is having a great product… and finding unique, personal ways of connecting with store owners about that product. And both elements of that – product and connection – require creativity and your best approach will not look the same as someone else’s best approach.
Q&A: How can I pay wholesale platform commissions and still make a profit?
One of our wonderful community members, Ann, wrote to us the other day with a question that may sound basic to some. But it’s a question that so many folks struggle with… and feel like they’re missing something. So today, I'm answering a tough question that almost everyone using wholesale marketplaces struggles with at one point or another!
Trust Your Gut (And Check The Numbers)
The coaching I do isn’t generally about telling the person WHAT to decide or what to do. Rather, I support business owners in getting clear on HOW to decide. Of course, there are a lot of approaches to “how to decide” depending on the specifics of the situation. But there is one useful tool that I find myself returning to over and over again. And it can be seen in the form of a formula:
Numbers + Intuition = Good Decisions.
What You Need to Know About: Powered By People
The more Faire becomes a market leader, it’s easy to feel like Faire is the “only” wholesale platform that brands need to know about. But there are some great platforms that serve a more specific niche. And that focus can be an incredible opportunity. Sometimes these platforms have better terms and buyers who are a better fit — so are worth considering as a part of your overall wholesale strategy.
Recently, we were lucky enough to sit down with the folks from Powered By People and got to dig into all the specifics of how PBP works, how they find the balance between profit, people, and planet — and how to think about whether PBP is right for you.
10 Mistakes to AVOID on Your Wholesale Line Sheet
A wholesale line sheet can be the most powerful document to have on hand if you’re growing wholesale. Many makers spend a lot of time developing a wholesale line sheet to win the hearts and minds of buyers – but lose the sale because of simple mistakes that they could have avoided. So in this article, we’re putting a big old “WATCH OUT!” sign in front of all the pitfalls before you get to them.
4 Reminders for Days When Running a Handmade Business Seems Pointless
In December, I’m sitting at the kitchen table, working on my laptop, and Etan springs in the doorway with a cardboard box, crusted with packing tape. He hands it to me, and I immediately notice the return address: Gopi Shah Ceramics. When I see this, I’m thrilled -- I’ve wanted a Gopi Shah mug for years but haven’t gotten one, partly because of the tyranny of a small business owner’s budget and partly because we didn’t have a steady home base.
Wholesale Line Sheet 101 Guide
If you’re working to grow wholesale, your line sheet is one of your most important tools. In this article, we will show you how to create a line sheet for wholesale as a maker or independent brand. You’ll get a a simple example of a wholesale line sheet you can use as a starting point — and avoid common mistakes.
The Best Insights Over the Last Few Years of Store Owner Interviews
Some makers feel intimidated by store owners -- they seem inaccessible, powerful in the maker world, and ultra-discerning in their preferences. Other makers are a cavalier with how they interact with shop owners, being informal to the point of rudeness or using an approach that just isn’t effective. The remedy for both? Really understanding store owners’ experiences and perspectives -- developing empathy for what they’re up to and what they’re all about.
Why You Shouldn't Compromise on Your Wholesale Terms (And How to Handle Requests)
I get a lot of questions from makers that relate to wholesale terms. So to all of these makers, my answer was simple: stick with the terms you already set. And do so in a friendly, collaborative, and clear way.
Want New Stockists Faster? Avoid These Rookie Mistakes
In my coaching work with Wholesale In a Box makers, there are certain mistakes I see people make over and over when it comes to growing wholesale. These are the things that, if left unfixed, can dramatically slow down one’s wholesale growth.
I call them “rookie” mistakes not because only beginners make them – but rather because they’re basic, simple mistakes that can be easily fixed at any stage of wholesale growth. Now, the land of business is a diverse place and you’ll always find someone who says they went against the grain and did one of the below things successfully. I don’t dispute that. But I will tell you that 99% of the time, it’s in your interest to avoid these approaches.
The Very Real Problem with Faking It Until You Make It
The most common piece of advice that we give the makers we work with is this: sound like yourself. Usually we don’t say it like that. But sounding like yourself, telling your story, and expressing your values and personality through your business communications is the subtext to many of the practical pieces of feedback we give, when looking over line sheets or websites or emails to stores.