I'm sure you can imagine my excitement. I started this as just a hobby and a way to raise money for our Dominican Republic trip and never dreamed it could become a business.
Jeff & I met with him last night to see his store and hear about all the costs. My excitement grew as he showed us where we would display our items and how he wanted the letters to hang in the windows so shoppers could see them from outside the store.
It was exciting and overwhelming all at the same time.
I was ready to do it, but knew we couldn't seem too eager and needed to talk about it privately and think on it.
This morning, Jeff ran the numbers. Being the techy guy that he is, he made a spreadsheet - what if we sold one item a week. Two items a week, etc. He figured out an average price we would sell each week minus the cost of materials minus the monthly rental fee minus the 20% they would keep from each item.
This is when my excitement came back to reality. Darn you rental fee and 20% commission.
Long story short, we decided that if we did 3-4 craft fairs a year and averaged what we made at the first craft fair, we would make over 2x what we would probably make having our items in a store.
But, what an honor to even be asked to sell your product in a busy mall!
On another note, please keep our products in mind as Christmas approaches. We have a basement full of letter door hangers (for either a last name or first name) and I love the height charts (to measure kids' heights so you never have to worry about moving and leaving their heights behind). But, my absolute favorite are the set of 7 blocks that can spell out 16 different words. We love to change our words around each week.
Feel free to send me an email if you're interested: shannon@jeffnshannon.com
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