| « POD Book Publishing | How to survive a failing economy: Budgeting Part 3 » |
The Great Experiment: Update 6

I’ve been putting off making this update. Thing have gone. . . mediocre. There were some rough months there and things aren’t perfect yet but they’ve picked up as far as income is concerned.
The bad thing is that I haven’t been able to get business going on the things I find really interesting. Things like my metalwork and blacksmithing. Now I have learned a lot. I know better what kinds of things sell by watching other blacksmiths and vendors. The result is frustrating. In essence most of the time people are willing to pay $5 for an item and usually the figure is closer to $4. That is the threshold for impulse buying in most cases. Successful merchants usually have hundreds of these minor items for sale and then a few WOW items. The balance of the two are important. If you have one without the other you loose sales.
If your items are priced over the impulse buy range, then very few (nearly no one) will buy. If you don’t have higher priced WOW items, then your wares are just chintzy and not worth it.
I’m trying to come up with things that I can make for $4-5 and obviously turn them out quickly. I have a few ideas but I’ve been spending all my time trying to recover from the time and money wasted on earlier attempts.