1 00:00:04,440 --> 00:00:05,010 Hi there. 2 00:00:05,310 --> 00:00:06,060 It's Sue. 3 00:00:06,120 --> 00:00:08,670 And thanks for joining me for tips and talk day. 4 00:00:09,330 --> 00:00:13,290 These are bite-sized topics that I pull from community questions and 5 00:00:13,290 --> 00:00:16,800 things that I'm observing in the world of handmade small business. 6 00:00:17,310 --> 00:00:18,900 If you'd like to submit a topic, 7 00:00:19,230 --> 00:00:22,710 DME, over on Instagram at gift biz unwrapped, 8 00:00:23,610 --> 00:00:26,760 if you started a business around your handmade product, 9 00:00:26,970 --> 00:00:28,560 you plan to have people buy it, 10 00:00:28,920 --> 00:00:31,050 right, obviously, 11 00:00:31,710 --> 00:00:35,550 but here lies a potential problem and common mistake. 12 00:00:35,610 --> 00:00:40,560 I see people make just because your creations are perfection in 13 00:00:40,560 --> 00:00:42,270 terms of style and workmanship. 14 00:00:42,900 --> 00:00:45,630 And you've gotten compliments from friends, 15 00:00:45,720 --> 00:00:48,330 family, and beyond that, 16 00:00:48,330 --> 00:00:52,170 doesn't automatically mean that people will pull out their credit cards 17 00:00:52,350 --> 00:00:54,150 and buy it's. 18 00:00:54,150 --> 00:00:55,950 For this reason that I was thrilled. 19 00:00:55,950 --> 00:00:59,070 When I saw Doreen post a photo in gift biz breeze 20 00:00:59,100 --> 00:01:01,260 for a new holiday product she's made. 21 00:01:01,320 --> 00:01:03,990 And she asked for feedback on whether we think it's going 22 00:01:03,990 --> 00:01:04,590 to sell. 23 00:01:05,190 --> 00:01:07,950 I'm happy because she's asking the question. 24 00:01:08,700 --> 00:01:09,960 Most people don't. 25 00:01:10,620 --> 00:01:15,000 The common mistake is to assume people will buy it's the, 26 00:01:15,030 --> 00:01:15,960 if I make it, 27 00:01:15,960 --> 00:01:17,610 they will buy field of dreams, 28 00:01:17,610 --> 00:01:21,360 mentality. Then a lot of inventory is made, 29 00:01:21,450 --> 00:01:24,510 which as we all know is an investment of time and 30 00:01:24,510 --> 00:01:26,790 money into materials and production, 31 00:01:26,790 --> 00:01:27,510 of course, 32 00:01:27,930 --> 00:01:30,630 but it's all done before you even know if it's going 33 00:01:30,630 --> 00:01:31,260 to sell. 34 00:01:32,070 --> 00:01:33,750 So what's the solution. 35 00:01:34,170 --> 00:01:36,630 How do you determine a sales winner? 36 00:01:37,350 --> 00:01:39,960 The hard answer is at first, 37 00:01:40,440 --> 00:01:41,130 you don't, 38 00:01:41,850 --> 00:01:43,470 especially when you're brand new, 39 00:01:43,590 --> 00:01:45,450 still getting a feel for your market. 40 00:01:45,930 --> 00:01:48,450 You don't know for sure about product interest, 41 00:01:48,540 --> 00:01:50,520 not to mention the best sizes, 42 00:01:50,640 --> 00:01:54,930 flavors and colors that your specific audience will want. 43 00:01:55,470 --> 00:01:57,330 This all comes with time, 44 00:01:58,110 --> 00:01:58,950 but fear not. 45 00:01:59,250 --> 00:02:02,790 When you ask the question and validate your product first, 46 00:02:02,970 --> 00:02:05,640 you'll save yourself a lot of axed. 47 00:02:06,300 --> 00:02:10,110 It's also in this beginning stage that adjustments are really easy 48 00:02:10,110 --> 00:02:13,770 still, and you're not stuck with a lot of unsaleable product. 49 00:02:14,310 --> 00:02:17,640 You can make the necessary tweaks to your product that do 50 00:02:17,640 --> 00:02:21,150 interest your customers and entice them to place those orders. 51 00:02:21,840 --> 00:02:26,790 Or you switch out the product entirely because as adorable as 52 00:02:26,790 --> 00:02:27,360 it is, 53 00:02:27,690 --> 00:02:29,970 nobody actually really wants it. 54 00:02:30,360 --> 00:02:32,340 Specially, if they have to pay for it, 55 00:02:33,030 --> 00:02:35,100 gosh, that's a hard pill to swallow. 56 00:02:35,100 --> 00:02:35,640 Isn't it. 57 00:02:36,000 --> 00:02:38,730 But way better to know this early on, 58 00:02:38,820 --> 00:02:40,170 than later in the game, 59 00:02:40,740 --> 00:02:44,340 the best way to approach product validation is at a live 60 00:02:44,340 --> 00:02:46,560 show. Whether it's a craft show, 61 00:02:46,770 --> 00:02:47,640 holiday church, 62 00:02:47,670 --> 00:02:49,560 Bazaar, or farmer's market, 63 00:02:50,010 --> 00:02:53,310 getting in front of people with your product is the golden 64 00:02:53,370 --> 00:02:54,540 research ticket. 65 00:02:55,110 --> 00:02:58,500 You have the opportunity to see how they behave when first 66 00:02:58,500 --> 00:02:59,770 seen your products. 67 00:03:00,130 --> 00:03:02,830 And you also have the ability to ask questions, 68 00:03:03,220 --> 00:03:04,480 questions to yourself, 69 00:03:04,930 --> 00:03:07,240 and then also for your customers directly, 70 00:03:07,960 --> 00:03:10,750 things that you'll think about in your own mind and ask, 71 00:03:10,750 --> 00:03:14,830 as you're observing are of all the products I'm showing, 72 00:03:15,100 --> 00:03:18,280 which ones are people gravitating to most? 73 00:03:19,030 --> 00:03:21,010 Do they know what it is and how to use it? 74 00:03:21,580 --> 00:03:22,150 Don't laugh. 75 00:03:22,510 --> 00:03:26,110 This is important because I've seen some products out there where 76 00:03:26,110 --> 00:03:28,570 people really aren't quite sure what it is. 77 00:03:29,650 --> 00:03:30,670 Here's another question. 78 00:03:31,300 --> 00:03:33,850 How are people interacting with my products? 79 00:03:34,210 --> 00:03:36,520 Do they pick up the shells and test to see how 80 00:03:36,520 --> 00:03:37,510 soft they are? 81 00:03:38,110 --> 00:03:40,720 Do they open a candle jar to smell the scent? 82 00:03:41,440 --> 00:03:45,520 Do they check out the weight of your largest earrings side 83 00:03:45,520 --> 00:03:46,180 note here? 84 00:03:46,330 --> 00:03:48,130 When someone picks up your products, 85 00:03:48,700 --> 00:03:49,390 take note, 86 00:03:49,390 --> 00:03:51,850 not only of which ones they're reaching for, 87 00:03:52,150 --> 00:03:53,170 but what you think it is. 88 00:03:53,170 --> 00:03:55,630 They're trying to discover by picking it up. 89 00:03:56,320 --> 00:03:59,440 All of this observation is valuable unto itself, 90 00:03:59,800 --> 00:04:03,970 but interacting in hearing from your customers directly is another way 91 00:04:03,970 --> 00:04:07,120 to learn how people are responding to your creations, 92 00:04:07,930 --> 00:04:10,330 ask them about how they think they'll use it. 93 00:04:10,630 --> 00:04:13,060 Is it for themselves or a gift, 94 00:04:13,900 --> 00:04:16,480 or maybe you've been thinking of adding in more sense. 95 00:04:16,690 --> 00:04:18,970 So give them some options of some of the sense you're 96 00:04:18,970 --> 00:04:22,390 considering and listen to what they suggest and what they would 97 00:04:22,390 --> 00:04:23,200 like best. 98 00:04:23,650 --> 00:04:26,950 There are so many ways to interact with questions. 99 00:04:27,670 --> 00:04:29,860 Where are you planning on hanging your new painting? 100 00:04:30,520 --> 00:04:32,800 Have you already decided where in your home, 101 00:04:32,860 --> 00:04:34,450 this new Afghan will go? 102 00:04:35,350 --> 00:04:37,780 Are you buying this necklace for a special event? 103 00:04:38,530 --> 00:04:39,370 Things like that. 104 00:04:40,000 --> 00:04:42,370 It gives you great ideas for social posts. 105 00:04:42,430 --> 00:04:45,490 In addition to educating you with what goes on in your 106 00:04:45,490 --> 00:04:46,390 customer's head, 107 00:04:47,050 --> 00:04:51,130 plus it starts establishing a relationship between you and your potential 108 00:04:51,130 --> 00:04:54,850 customer. So back to the main point here today, 109 00:04:55,150 --> 00:04:57,490 how do you know if something will sell? 110 00:04:58,120 --> 00:05:01,090 If it's a version of a product that you already have, 111 00:05:01,480 --> 00:05:04,600 you should be able to gauge sales success for that product 112 00:05:04,630 --> 00:05:05,980 based on projections, 113 00:05:06,040 --> 00:05:08,560 off of your own experience and sales numbers. 114 00:05:09,130 --> 00:05:12,730 Or if you have a friend who makes a similar product, 115 00:05:12,790 --> 00:05:14,980 they live maybe three states away or so. 116 00:05:14,980 --> 00:05:16,960 And they see that it's really taking off. 117 00:05:17,710 --> 00:05:19,930 That could be a good indication that it might work for 118 00:05:19,930 --> 00:05:20,740 you as well. 119 00:05:21,340 --> 00:05:24,730 But notice I said might because every market is just a 120 00:05:24,730 --> 00:05:25,900 little bit different. 121 00:05:26,290 --> 00:05:29,710 However, the odds in this case are stacked in your favor. 122 00:05:30,640 --> 00:05:33,670 But if your product has never been seen before, 123 00:05:34,150 --> 00:05:37,600 you'll have to try it out to see you won't know 124 00:05:37,660 --> 00:05:38,710 until you do. 125 00:05:39,340 --> 00:05:40,750 So. The answer to the question, 126 00:05:41,020 --> 00:05:43,690 how do I know if my product will sell or not? 127 00:05:44,530 --> 00:05:47,500 You won't until you test, 128 00:05:48,100 --> 00:05:50,830 but when you do test the market and validate that there 129 00:05:50,830 --> 00:05:53,350 are customers who are willing to buy what you make, 130 00:05:53,740 --> 00:05:57,470 you've just shortcut your path to growth and can go full 131 00:05:57,470 --> 00:05:58,340 steam ahead, 132 00:05:58,820 --> 00:06:00,230 not through wishful thinking, 133 00:06:00,290 --> 00:06:03,560 but through testing and real Results. 134 00:06:06,020 --> 00:06:06,950 That's a wrap. 135 00:06:07,310 --> 00:06:09,170 I'm a get to the point kind of girl. 136 00:06:09,320 --> 00:06:12,110 And this is what you can expect from these quick midweek 137 00:06:12,110 --> 00:06:17,180 sessions. Now it's your turn go out and fulfill that dream 138 00:06:17,180 --> 00:06:17,870 of yours, 139 00:06:18,200 --> 00:06:20,060 share your handmade products with them. 140 00:06:20,690 --> 00:06:22,850 We get to the point and they bring us both. 141 00:06:22,880 --> 00:06:25,970 And this is what you can expect from these quick sessions. 142 00:06:27,020 --> 00:06:30,830 Now it's your turn go out and fulfill that dream of 143 00:06:30,830 --> 00:06:33,950 yours. Share your handmade products with us. 144 00:06:34,220 --> 00:06:38,240 We want them and they bring us both so much happiness..