Notes from Chris

Episode 2940

We love hearing from creative entrepreneurs who’ve turned hobbies into income streams, and today’s question comes from Jessica, a full-time nurse in Ann Arbor, Michigan. Jessica started making jewelry as a fun side project and was thrilled when a local shop asked to carry her pieces.

However, the shop takes a 40% commission, and as Jessica’s business grows, she’s realizing that direct sales are often more profitable. She’s unsure if she should keep selling in the shop, negotiate the terms, or focus entirely on other channels. Let’s unpack the options and help Jessica decide what’s best for her business.

"Hey there! I’m Jessica, a full-time nurse based out of Ann Arbor, Michigan. I started making jewelry for fun about six months ago, and was pleasantly surprised when a local shop owner asked to sell my jewelry in her store. She takes 40% of the sale cost, and as I have progressed in my business, I am starting to realize I make better sales outside of the shop and am frustrated by the large percent taken out. I like the store and shop there myself, and don’t want my relationship with the owner or employees to become awkward. Should I keep selling my jewelry there? If so, should I try to negotiate, even though that is the standard rate of commission they take out for all artists? Or do you think I should just not worry about it?"

Listen to today's episode to learn more...

 

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  SEE ALSO:

• Catholic Designer Creates Stylish Apparel Line: What shall it profit a man to gain the whole world but not sell any t-shirts? This designer cast his bread upon the waters and ended up with a profitable fashion line.
• Seattle Couple Creates New “Income LiveStream”: When a married couple runs into logistical problems at their wedding, it leads to an innovative service that other engaged couples need during the pandemic.
• Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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