Powered by Bravenet Bravenet Blog

Subscribe to Journal

Monday, January 11th 2010

3:27 PM

How to Survive the Economy


Hello Everyone!


As I was sitting here trying to think of today’s blog topic my thoughts started drifting to the news. It seems like everyday we hear about how bad the economy is. If the economy improves .001 percent it becomes front page news. I then began thinking about my own situation. I thought about changes that we could make in the next few months that will propel us forward for 2010. Here are a few of my thoughts.

As an artist, it’s important to have the things needed to create our art. In a bad economy where things are tight we have to spend more time planning out how we’ll use materials with as little waste as possible. That means creating a budget. Take a little time and look at your sales from the past year (I know, I know it’s heartbreaking to look at. But trust me it will get better). Calculate how many of each jewelry type that you sold. Look at the price that you sold it for and the cost it took to create the piece. Also look at the inventory that you still have on hand. Finally, look at the shows that you have scheduled for the coming season. Using this information figure out the amount of materials you’ll need to purchase for each show. Doing this will give you a better idea as to how much it is going to cost you to produce pieces for your upcoming shows. This will help you build a budget that you can survive with.

Along with the above calculation, try and figure out how much inventory that you would like to have for each show. Keep in mind that some shows might require that you need a little more than others.

Another way to survive through this economy is to downsize. Looking at various shows throughout the years I’ve noticed that many booths are filled with hundreds of pieces. The idea is to provide a huge variety of pieces that will appeal to a large audience. In past years that may have been a good approach, however in our current economic situation this approach might work. Consider cutting down your inventory for this next show season. Less inventory means less expense in materials. This could help you survive this economic downturn.

A few words of caution when downsizing your inventory. Avoid falling into the trap of using “cheap”, inferior grade materials in your work. Think about it, do you really want to build a reputation of being an artist who makes junk jewelry and tries to pass it off as high end pieces? Of course you don’t.  You’d end up losing a lot more customers than it’s worth. Another caution is to not supplement your handmade inventory with cheap pieces that you purchased from an overseas supplier. This approach could kill any sales that you may have hoped for. Remember, people are buying your work because it is a unique and handmade. They can purchase mass produced jewelry from Wal-Mart.

In past years I used to offer a lot of pieces in gold filled. When the price of gold began to rise I quit creating work that featured this precious metal. Today, the price of gold is still on the rise. Because of this many artists have begun to work with other metals like Argentium Sterling Silver, Sterling Silver, Copper, and Brass. There’s nothing wrong with this approach. Actually it’s a great way to create jewelry with a fresh look. But this doesn’t mean that we have to abandon using gold. Why not consider using gold filled wire as an accent. One thing I like to do is use 21 gauge half round gold filled wire for my wraps. Announce of 21 gauge half round gold filled wire will go a line way. This makes adding a touch of gold to a piece a lot more economical. Plus, gold and silver look wonderful together. In this weak economy many of your customers may appreciate the opportunity to own pieces of your work that sport a bi-metal look.

Something else you may want to consider is shows that are closer to home. Many of us have to travel many hours away from our home to get to regional art shows that attract a lot of art customers. However, you may have noticed that many of these shows haven’t been attracting the numbers that they once did. Does it seem reasonable to put out hundreds of dollars for booth space fees, hotel, gas, and food to do a big regional show that has low numbers? Why not plan to do a few regional art shows and supplement the rest of your schedule with smaller shows near your home. You’ll save on booth space fees, hotel fees, and car gas.

The last thing that you might want to consider is diversify. If you are a bead artist, diversify your work by learning to create wire wrapped jewelry (http://www.macjewels.com). If you are a wire artist consider learning to create wiresmithed jewelry (http://www.wiresmithing.com). By offering your customers new and interesting works of art you’ll capture their attention and hopefully pry the last remaining dollar that they have in their tightly clinched fist.  

You may have heard people say that the only living thing that will survive a nuclear war are cockroaches. Ever wonder why they say that? Cockroaches are very resilient. That’s what each and every one of us artists need to be. Now I’m not calling anyone a cockroach. I just want you to understand how to survive this economy. We need to look at this as an opportunity to come out on top of the art world. Think of all of the artists who are putting their craft aside and or even leaving it behind. Their absence gives the rest of us the opportunity to step in and fill their place. When the economy improves, we’ll be the ones who survive.

These are just some of my thoughts. I hope they help.

‘til next time,

Jim McIntosh


30 user comments.

Posted by 먹튀검증사이트:

So i'm experienced an important create.
It really is fabulous to establish most people will explain in words in the mood best of all opportunity at which will elementary area community are by and large in comfort noticed.
Monday, November 23rd 2020 @ 7:09 AM

Posted by 대출드림:

This type of is apparently absolutely outstanding. These kinds of tiny fact is made making use of wide variety regarding certification know-how.
My partner and i favour the theory much.
Monday, November 23rd 2020 @ 7:09 AM

Posted by 대출:

your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. 소액대출
Sunday, November 15th 2020 @ 7:28 PM

Posted by 먹튀검증:

Your article is truly informative. More than that, it??s engaging, compelling and well-written.
I would desire to see even more of these types of great writing 먹튀검증
Sunday, November 15th 2020 @ 7:27 PM

Posted by elso7ba.com:

Posted by Jann:

Heya i'm for the first time here. I found this board and I find
It really useful & it helped me out a lot. I hope to give
something back and aid others like you aided me.

Also visit my site: online Classifieds Centurion
Wednesday, July 29th 2020 @ 11:07 AM

Posted by install iolo system mechanic:

System Mechanic is very good for your computer. System mechanic speeds up your computer and if computer has a virus, it also removes. System Mechanic can upgrade your pc and modify of shrouded records. You have to install iolo system mechanic keep your pc free from unwanted viruses. It improve the speed of your pc and Protects Privacy and Security.
Monday, July 20th 2020 @ 11:49 AM

Posted by install iolo system mechanic:

Download and install iolo system mechanic in your device, after installing you have to activate it by enter the activation code in the given box which is shown on your screen, for more query you can contact us .
Monday, July 20th 2020 @ 11:41 AM

Posted by norton online security:

Download, install and activate norton antivirus on your device it protect you from harmful threats. norton online security scan your device and protect all your personal information from viruses.
Monday, July 20th 2020 @ 11:39 AM

Posted by trend micro install:

trend micro install service is the easiest way to configure your online security product. It help to find out the viruses from your system.
Monday, July 20th 2020 @ 11:32 AM

Posted by iolo download:

If your system isn't booting or loading applications at the same time and it takes a lot of time then in that case you first unboxed it, iolo download System Mechanic.
Monday, July 20th 2020 @ 11:29 AM

Posted by avg retail:

Download, install and activate the AVG product. Enter your AVG license for avg retail registration in your pc.
Monday, July 20th 2020 @ 11:22 AM

Posted by Lerod Manji:

Subway Surfers online game

Wednesday, April 8th 2020 @ 3:18 AM

Posted by Sue:

Posted by Emil:

At this time it appears like Drupal is the preferred blogging platform
available right now. (from what I've read) Is that what you are using on your blog?

Here is my page best car for A millionaire
Monday, March 30th 2020 @ 6:58 AM

Posted by Pamela:

My coder is trying to persuade me to move to .net from PHP.
I have always disliked the idea because of the expenses. But he's
tryiong none the less. I've been using Movable-type on several websites for about a year and am anxious
about switching to another platform. I have heard good things about blogengine.net.
Is there a way I can import all my wordpress content into it?

Any help would be greatly appreciated!

Here is my web site: email Credit card numbers
Friday, March 27th 2020 @ 8:50 PM

Posted by Rodrigo:

Hi, i read your blog occasionally and i own a similar one and i was just
wondering if you get a lot of spam feedback? If so how do you
reduce it, any plugin or anything you can advise? I get so
much lately it's driving me mad so any help is very much appreciated.

My page - i need a valid credit card number with security code
Friday, March 27th 2020 @ 4:39 AM

Posted by Bonita:

It's a subscription service although, so after a 15-minute
trial is up, it's important to pay a small yearly charge to keep listening.
But they rely on listener donations to keep going. It
beats iTunes, Spotify, and Tidal for complete streams no downside.
Another good method for listening to Classical Music over the internet is to make use of the free streaming service Spotify, which is half-radio, half-jukebox.
You’ll repeatedly see promotions tied to device purchases and
different companies, too, such because the six months of free Spotify you get for being an AT&T subscriber.
Its never been easier to look at content online with the luxury of being
in your individual dwelling. This is the one factor that stops it from being the best classical radio on-line service there's!
The builders caught so many bells and whistles on to the instrument
that it turns into nearly useless - I could not truly discover
the part which allowed me to play classical radio.

Feel free to visit my web page :: best music streaming device
for running (click the following post)
Sunday, March 22nd 2020 @ 12:14 PM

Posted by prediksipasti:

"Very interesting .. I Think This Is a Good article to read
Prediksi hk
Prediski sgp
Prediksi sydney
Prediksi pasti
Sgp toto

Togel online pulsa
Poker pulsa
Friday, January 31st 2020 @ 3:36 PM

Posted by Fredric:

obviously like your web-site but you need to check the spelling on quite a few
of your posts. Several of them are rife with spelling issues and I
in finding it very troublesome to tell the truth on the other hand I'll certainly come
again again.

Review my webpage bank card Bank Identifcation Check
Monday, December 16th 2019 @ 11:28 PM

Posted by alnindo:

Posted by whatsapp 2020:

Posted by pokerwin88:

Posted by Makayla:

Fake Address Generator provide fake address all over the world,
Include identity, phone number,credit card, social security number and street, occupation and

Review my homepage; Free american express Card Validator
Tuesday, September 24th 2019 @ 8:49 AM

Posted by Rame Valve:

Thank you for the information you shared yes, it really helped me to learn it. Don't forget to visit our website at
Jual Valve
Jual Valve Smith
Jual Valve Jamesbury
Jual Valve RTK
Jual Valve Bonney Forge
Jual Valve Masoneilan
Jual Valve FCA
Jual Valve Walworth
Jual Valve Velan
Tuesday, September 17th 2019 @ 3:31 AM

Posted by Caramenangtaruhanbola:

Posted by Kiara:

The shelves might be locked or open depending on cargo on transit.

A house automation system can also scale back your heating and cooling needs by mechanically opening or closing your window shades depending on the skin temperature,
and by turning down your thermostat at evening and if you find yourself away from home.
Install a heat restoration ventilator (HRV) system to deliver fresh outside
air into living areas while exhausting air from bathrooms, kitchens and laundry rooms.
Your other different is to plant them within the pure atmosphere exterior but that after all depends upon the place you live and the local weather that is greatest
suited for each plant. For those who plan to take your gardening seriously then having two bins/heaps is an environment friendly method to get the
best outcomes for your garden - you may add to at least one and let the opposite 'cook' .
Even better, the free scan perform can protect customers' proper: consumer can target the lost information by scanning first, then improve
to the complete version!

Feel free to surf to my web-site - mastercard bank identifcation check
Friday, July 19th 2019 @ 2:44 AM

Posted by mahasiswa kesehatan:

nice share
Thursday, July 4th 2019 @ 8:28 PM

Posted by Kitty:

This design is steller! You certainly know how to keep a
reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost...HaHa!) Wonderful job.
I really loved what you had to say, and more than that,
how you presented it. Too cool!

Here is my web-site ... b2b sales Tips reddit (stroikomplekt.ru)
Tuesday, June 11th 2019 @ 3:15 AM

Posted by Burton:

Pretty nice post. I simply stumbled upon your blog and wanted to say that I have really
loved browsing your weblog posts. After all I'll be subscribing in your rss feed and I'm hoping
you write once more soon!

Feel free to visit my web page :: click Here Now
Monday, June 10th 2019 @ 10:11 PM

Post New Comment

No Smilies More Smilies »