Q&A: “Is a 40% commission worth it for my business?”
In today’s episode, we help a jewelry maker decide whether to keep selling in a local shop that takes a 40% commission. We’ll explore the pros and cons, negotiation tips, and how to maintain strong relationships while growing your business.
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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... Yours in the revolution,
