I am presently preparing for a 3-day, outdoor show. Part of my challenge as a first-timer is knowing how much inventory to have at the show.
So, my question REALLY is this...how do you plan for your inventory on a per-show basis? If you are an artist attending multiple shows, you still have to know how much to bring along to the show.
Is there a formula to use? Is it perhaps indexed by the cost of the show? Would a person paying $450 for a booth at a 3 day show plan to make about $4500 in gross? (ten times the cost of entry).
Instinctively I know that there isn't a pat formula, but I want to tap into the wisdom of the group to see what sorts of thoughts you all have.
You need to be a member of Art Fair Insiders to add comments!
Replies
15 years ago I used the 10 X the booth space fee too. In this economy I use 5 X booth fee and am happy if it's better!In the past I've done small $30-50 shows and did 10X my space, I've also done $150 shows and was glad to get my space fee back :-) . A few special orders also helped a show be successful!
I think if you have to go by a rule of thumb, it is this, bring enough to fill your space with a little extra stock, for just in case. Depending on the show (size, location, how long it is running...) are all factors to consider as well. The idea is to fill your space looking like "you" just walked into a fully stocked art gallery. As the day goes on you either replenish or move things around so it still looks full - that is all in the name of merchandising. For instance it is better to have 2 full walls of photography than 3 if you are selling and arrange it so that plenty of people can see those 2 walls and show off, well things have been selling well today - this is all I have left! People like to hear you are doing well at a show, gets them thinking, wow if someone else likes it, I might too (offering a challenge to the buyers). Granted if you do have a bare wall it might be an ideal way to set-up an easier accessible check out area, a place to but your print bins, etc.
Like with what Leo states, it takes trial an error - good luck!
Michelle
www.bythebaybotanicals.com
www.quickcraftartisttips.blogspot.com
I do all kinds of shows, but lately haven't done as many repeat shows so a lot of the "newbie" mentality plays into each time you do a new show too.
The item that you brought because it filled a spot in the booth but you're not really fond of will sell like hotcakes.
The item that you brought several different versions of because you think it is the best thing you have ever created in your life will eventually end up being retired unsold.
I also want to enforce what Chris said. Talk with everyone. Tell them stories about your work. I sold a big panorama piece last year just because I happened to mention to someone that it was taken on Sanibel Island - and that happened to be where she grew up!
Most of all, don't judge the show by how much money you make, especially the first time. Judge it by how much you enjoyed the show, and how much you learned.
Leo gave some good advice. that 10x figure used to be pretty much a norm. A norm when shows were $250 and times were better than today.
This will be a major learning curve for you. So other than how much stock to bring, or how to set up your booth, I want to just tell you something. Talk to the customers. Smile. If they're looking at a particular photo, don't be afraid to "tell the story" of your experience taking the photo. Personalize the image. If you have a lighthouse, tell them about how it was threatening that day and you were cold and shivering but had to wait for just the right light. Kinda let them know you didn't just take the old Polaroid out and snapped it.
Laugh. A lot. Make the customer's visit enjoyable. If the weather's bad, thank them for coming out. Tell them you'll gladly hold their purchase while they shop.
Do NOT sit in a corner reading. Or even outside reading!
Get to know your fellow exhibitors. Become friends. Your fellow exhibitors can be your BEST source for show information. And always be willing to help if someone needs it setting up.
But most of all. HAVE FUN!!!! Enjoy the weekend! Enjoy the fact you're able to do what you want to do! You're not in an office for 40 hours doing a job you hate, for a company that doesn't care. That alone should be enough to make you enjoy the show!
Good luck!
Bob Costello said:
Thank you for your insights and advice. As I am going headlong into this first, large show, I will keep these principles in mind.