1 00:00:00,420 --> 00:00:01,770 Well, hi there. 2 00:00:02,190 --> 00:00:04,470 I see that you've made it over here to the new 3 00:00:04,470 --> 00:00:07,350 tips and talk portion of the podcast. 4 00:00:07,860 --> 00:00:12,300 These are bite-sized topics that I pull from community questions and 5 00:00:12,300 --> 00:00:15,810 things that I'm observing in the world of handmade product, 6 00:00:15,840 --> 00:00:19,050 small businesses let's get right to it. 7 00:00:20,060 --> 00:00:26,690 One huge mistake that I continue to see with handmade creators 8 00:00:26,960 --> 00:00:31,670 who are turning what's always been a hobby into a business. 9 00:00:31,670 --> 00:00:34,640 So they've decided to jump the fence if you will, 10 00:00:34,970 --> 00:00:37,730 and monetize something that they make. 11 00:00:38,750 --> 00:00:41,120 Here's what happens when this mistake occurs. 12 00:00:41,690 --> 00:00:42,740 First off, 13 00:00:43,040 --> 00:00:45,680 very few sales start coming in at all. 14 00:00:45,800 --> 00:00:47,720 And that's the main reason they're doing it right, 15 00:00:47,720 --> 00:00:49,730 is to sell something. 16 00:00:50,300 --> 00:00:53,480 And even if there are sales that are coming in, 17 00:00:54,230 --> 00:00:55,370 there's no traction, 18 00:00:55,370 --> 00:00:56,750 that's getting established. 19 00:00:56,900 --> 00:00:57,410 You know what? 20 00:00:57,410 --> 00:00:58,280 The dream is, 21 00:00:58,340 --> 00:01:02,180 you have somebody who's not a family or a friend start 22 00:01:02,180 --> 00:01:03,740 buying products from you. 23 00:01:03,770 --> 00:01:07,220 So you're validating that your products have a market that people 24 00:01:07,220 --> 00:01:07,940 want them, 25 00:01:08,300 --> 00:01:09,770 but then you need traction. 26 00:01:09,950 --> 00:01:14,510 You need someone to buy again from you or tell someone 27 00:01:14,510 --> 00:01:17,600 else about you so that you can grow your business. 28 00:01:17,930 --> 00:01:19,610 And when this mistake occurs, 29 00:01:19,640 --> 00:01:22,100 that traction never happens. 30 00:01:22,760 --> 00:01:26,660 The other thing that is a situation with this big mistake 31 00:01:26,720 --> 00:01:30,020 is there's a lot of confusion around who you are as 32 00:01:30,020 --> 00:01:31,310 a business owner, 33 00:01:31,520 --> 00:01:32,960 what your product is. 34 00:01:33,290 --> 00:01:35,750 You've just not really set a stake in the ground. 35 00:01:35,780 --> 00:01:39,080 So there's not an opportunity or a potential for anybody to 36 00:01:39,080 --> 00:01:40,190 talk about you. 37 00:01:40,520 --> 00:01:42,680 So now that I have kept you in suspense for long 38 00:01:42,680 --> 00:01:48,440 enough, the huge mistake that I see is not claiming a 39 00:01:48,440 --> 00:01:53,180 core product to start out with kind of like being the 40 00:01:53,870 --> 00:01:56,810 woman of all trades for everything, 41 00:01:56,900 --> 00:01:58,940 and to illustrate the point and to make it a little 42 00:01:58,940 --> 00:02:02,930 clearer. Let's say you are an attendee at a craft show, 43 00:02:02,960 --> 00:02:04,160 okay? So you're not exhibiting, 44 00:02:04,160 --> 00:02:07,040 but you're just going into a craft show and you're going 45 00:02:07,040 --> 00:02:10,790 around and you're looking at all these different booths and you 46 00:02:10,790 --> 00:02:13,880 go from booth to booth and you go to one table 47 00:02:14,330 --> 00:02:19,340 and on that table are side full of candles. 48 00:02:19,790 --> 00:02:23,510 And then there's a side that has knitted coasters maybe. 49 00:02:24,020 --> 00:02:28,490 And then another side that has like water color designed greeting 50 00:02:28,490 --> 00:02:32,420 cards. What does that business stand for? 51 00:02:32,570 --> 00:02:33,080 What is it? 52 00:02:33,080 --> 00:02:35,000 How would you describe that business? 53 00:02:36,110 --> 00:02:38,660 The maker is the artist of all of it, 54 00:02:38,660 --> 00:02:41,120 but what would you say it's too varied. 55 00:02:41,120 --> 00:02:44,720 There are too many different products that they're representing. 56 00:02:45,080 --> 00:02:47,810 So they're like a master of everything, 57 00:02:47,810 --> 00:02:50,450 but an expert at none. 58 00:02:51,200 --> 00:02:54,830 And this is a real problem with handmade creators because let's 59 00:02:54,830 --> 00:02:55,250 face it. 60 00:02:55,280 --> 00:02:55,550 You know, 61 00:02:55,550 --> 00:02:58,130 if you are a creator first off, 62 00:02:58,130 --> 00:02:59,500 you're a very special breed. 63 00:02:59,590 --> 00:03:03,520 Only half of the population has that creative edge to them. 64 00:03:03,850 --> 00:03:06,820 But then for you to go on and make products and 65 00:03:06,820 --> 00:03:09,880 then decide to sell you're in a very unique group. 66 00:03:10,360 --> 00:03:13,150 But the problem is what do you sell? 67 00:03:13,270 --> 00:03:14,980 You make so many things you, 68 00:03:14,980 --> 00:03:16,780 so you paint, 69 00:03:17,080 --> 00:03:19,090 the original theory would be well, 70 00:03:19,120 --> 00:03:22,960 I'm going to do all of them because that way I've 71 00:03:22,990 --> 00:03:25,420 opened up my opportunities to more people. 72 00:03:25,690 --> 00:03:28,600 If people don't want the watercolor breeding cards, 73 00:03:28,630 --> 00:03:32,110 then maybe they'll want the handmade knitted coasters, 74 00:03:32,140 --> 00:03:34,390 or then they may want the candles. 75 00:03:34,390 --> 00:03:35,470 So I'll have all of them. 76 00:03:36,220 --> 00:03:36,700 No, no, 77 00:03:36,700 --> 00:03:37,000 no, no, 78 00:03:37,000 --> 00:03:39,370 no. This is the mistake. 79 00:03:40,180 --> 00:03:41,200 And it's a mistake. 80 00:03:41,200 --> 00:03:45,760 Why it's a mistake because you are then representing yourself out 81 00:03:45,760 --> 00:03:49,780 to the community as an expert at none of them. 82 00:03:50,950 --> 00:03:55,660 So if you are thinking about monetizing a handmade product, 83 00:03:55,690 --> 00:03:57,340 please do not make this mistake. 84 00:03:57,400 --> 00:04:01,390 Please don't select all the products that you make and put 85 00:04:01,390 --> 00:04:02,410 them out on that table. 86 00:04:03,040 --> 00:04:04,330 Let's go back to the craft show. 87 00:04:04,330 --> 00:04:05,680 I was just telling you about, 88 00:04:06,280 --> 00:04:08,530 you looked at that one table and you saw all those 89 00:04:08,530 --> 00:04:10,710 products and maybe you bought something that was awesome. 90 00:04:11,460 --> 00:04:14,790 But then you go to the next one table down and 91 00:04:14,790 --> 00:04:15,120 on the, 92 00:04:15,210 --> 00:04:16,830 at the next table down, 93 00:04:17,130 --> 00:04:20,190 there is a woman who is also the maker, 94 00:04:20,640 --> 00:04:27,270 but on her table are knitted baby booties and knitted, 95 00:04:27,690 --> 00:04:29,430 winter, scarves, 96 00:04:29,640 --> 00:04:30,810 and mittens. 97 00:04:31,140 --> 00:04:33,270 And she has all different types of stitching. 98 00:04:33,270 --> 00:04:36,960 So there's all different types of applications that are included in 99 00:04:36,960 --> 00:04:37,890 all these products, 100 00:04:37,950 --> 00:04:38,400 of course, 101 00:04:38,400 --> 00:04:40,440 different colors and all of that. 102 00:04:41,430 --> 00:04:43,920 What is her specialty and what is she an expert in 103 00:04:44,760 --> 00:04:46,530 obviously knitted products. 104 00:04:47,010 --> 00:04:49,890 So she starting to build a name for herself and to 105 00:04:49,890 --> 00:04:54,780 become known as somebody who is an expert with knitted products. 106 00:04:54,990 --> 00:04:57,150 And this is what you want to get to. 107 00:04:57,180 --> 00:04:59,070 You want to get to the point where people, 108 00:04:59,130 --> 00:05:00,630 when they say your name, 109 00:05:00,840 --> 00:05:01,410 they say, 110 00:05:01,470 --> 00:05:02,310 Oh yes, 111 00:05:02,460 --> 00:05:05,130 she makes the most beautiful baby booties. 112 00:05:05,130 --> 00:05:07,350 I bought some for one of my friends and she loved 113 00:05:07,350 --> 00:05:09,390 them. And I'm going back the next time. 114 00:05:09,390 --> 00:05:10,080 There's a craft show. 115 00:05:10,080 --> 00:05:12,630 Cause I saw a really cool hat that I love from 116 00:05:12,630 --> 00:05:15,210 her. And then you're able to go on and say who 117 00:05:15,210 --> 00:05:18,300 the name of the artist is and what the company is, 118 00:05:18,300 --> 00:05:18,990 et cetera, 119 00:05:19,350 --> 00:05:22,800 but much more difficult to go back to that first booth 120 00:05:23,340 --> 00:05:25,020 and recommend them because, 121 00:05:25,350 --> 00:05:25,650 Oh yeah, 122 00:05:25,680 --> 00:05:26,910 it's the company that has will. 123 00:05:26,910 --> 00:05:28,260 They have a bunch of different things, 124 00:05:30,030 --> 00:05:31,200 water, watercolor cards. 125 00:05:31,350 --> 00:05:32,430 Cause some crocheting, 126 00:05:33,480 --> 00:05:35,310 see there's no expertise there. 127 00:05:35,580 --> 00:05:38,220 So that is the biggest mistake. 128 00:05:38,400 --> 00:05:41,100 So if you're starting your business, 129 00:05:41,130 --> 00:05:44,400 it's against what you're feeling like you should do. 130 00:05:44,430 --> 00:05:47,070 I know because you're thinking I want to offer everything. 131 00:05:47,070 --> 00:05:49,110 That's my most potential for sales. 132 00:05:49,560 --> 00:05:53,550 When really the most potential you have for sales is if 133 00:05:53,550 --> 00:05:55,650 you niche down, 134 00:05:55,740 --> 00:05:57,410 we're all hearing the word now, 135 00:05:57,440 --> 00:05:59,870 right? That's like a key term that everyone talks about. 136 00:06:00,170 --> 00:06:01,340 Find your niche, 137 00:06:01,370 --> 00:06:02,330 niche down. 138 00:06:03,650 --> 00:06:05,870 It's a key word because that's exactly what you should be 139 00:06:05,870 --> 00:06:10,820 doing is niching down because then you find the perfect customers 140 00:06:11,180 --> 00:06:15,950 who will buy your perfect product and you are recognized as 141 00:06:15,950 --> 00:06:17,060 the specialist. 142 00:06:17,810 --> 00:06:19,070 And when you do this, 143 00:06:19,250 --> 00:06:22,640 what will happen is you will be talked about you'll gain 144 00:06:22,640 --> 00:06:26,090 traction because people who've liked and bought what you had will 145 00:06:26,090 --> 00:06:26,840 come back to you. 146 00:06:26,840 --> 00:06:31,010 You'll get repeat customers and then you'll build your business. 147 00:06:31,430 --> 00:06:35,090 Now, does that mean long-term that you're strapped in and all 148 00:06:35,090 --> 00:06:38,030 you could sell is knitted scarves. 149 00:06:38,540 --> 00:06:40,460 No. And let me give you an example, 150 00:06:40,970 --> 00:06:42,170 Sonia paws, 151 00:06:42,200 --> 00:06:46,610 she's known for her artwork that has this theme of pop 152 00:06:46,640 --> 00:06:48,920 art for years. 153 00:06:49,340 --> 00:06:52,790 This is all she did once she narrowed in everything that 154 00:06:52,790 --> 00:06:55,070 she made was along the same thing. 155 00:06:55,160 --> 00:06:56,900 So not only was she an artist, 156 00:06:57,170 --> 00:06:59,630 but she had a certain style to her art. 157 00:07:00,140 --> 00:07:02,420 Now she sold coasters, 158 00:07:02,870 --> 00:07:04,100 water bottles, 159 00:07:04,280 --> 00:07:05,390 framed art, 160 00:07:05,570 --> 00:07:06,530 key chains. 161 00:07:06,560 --> 00:07:08,060 If you're out on the West coast, 162 00:07:08,060 --> 00:07:11,240 you'll see her art in lots of the airports. 163 00:07:11,870 --> 00:07:14,960 As she grew and built her business, 164 00:07:14,960 --> 00:07:16,850 she was in business for years. 165 00:07:17,270 --> 00:07:21,590 Then another love came about for her and totally different, 166 00:07:21,590 --> 00:07:24,470 totally different realm than her art. 167 00:07:24,890 --> 00:07:29,390 That new love of hers was jalapeno peppers. 168 00:07:29,870 --> 00:07:32,870 And so now she has a whole line it's called Sonia's 169 00:07:32,900 --> 00:07:38,570 sweet and spicy jalapeno peppers that she now also market. 170 00:07:38,570 --> 00:07:40,640 So it's another brand of hers, 171 00:07:40,970 --> 00:07:44,930 I guess what's happened because she was such a specialist. 172 00:07:44,990 --> 00:07:46,340 So well known, 173 00:07:46,700 --> 00:07:49,640 built a following around her pop art. 174 00:07:50,390 --> 00:07:55,400 She had a ready-made audience that many of them followed her 175 00:07:55,430 --> 00:07:57,410 into her new venture. 176 00:07:57,410 --> 00:07:58,940 So now she's doing two different things, 177 00:07:59,240 --> 00:08:03,950 her new venture of her sweet and spicy jalapeno peppers. 178 00:08:04,190 --> 00:08:05,540 Very delicious, 179 00:08:05,540 --> 00:08:06,230 by the way, 180 00:08:06,350 --> 00:08:07,640 I just have to add that in. 181 00:08:08,540 --> 00:08:13,250 So always start with that core product. 182 00:08:13,340 --> 00:08:15,230 As your business focus, 183 00:08:15,590 --> 00:08:16,820 start with one thing, 184 00:08:17,180 --> 00:08:21,410 become the specialist and the expert and known about one thing. 185 00:08:21,980 --> 00:08:23,510 And then you can move forward from there. 186 00:08:24,940 --> 00:08:26,110 That's a wrap. 187 00:08:27,160 --> 00:08:29,770 I'm a get to the point kind of girl. 188 00:08:30,070 --> 00:08:33,100 And this is what you can expect from these quick midweek 189 00:08:33,100 --> 00:08:37,720 sessions. Now it's your turn go out and fulfill that dream 190 00:08:37,720 --> 00:08:38,530 of yours. 191 00:08:38,830 --> 00:08:41,440 Share your handmade products with us. 192 00:08:41,620 --> 00:08:43,810 We love and want them.