What I learned from my year in business: Don’t give up, Ever!
By CaribbeanStyleDecor on May 12, 2014
I decided to start at the top and work my way up.
Sometimes things don’t work that way. Let me explain: I decided to make beautiful
furniture that I spent a lot of time on and wanted good money for. I didn’t get the prices I wanted for my pieces. But try try try again. This is what I have learned from my year in being in business for myself. Don’t be afraid to take risks, learn from your mistakes and on’t give up, don’t give up, don’t give up, ever!
I love my Etsy business at my online shop Caribbean Style Decor, my obsession with all things blue, white and shiny; that business is wonderful but erratic $200 one day no money the next day. I am starting to save for a house I need a steadier source of revenue. I went back to the drawing board and looked the items that brought me the most money, my furniture. I stopped working on my furniture because I didn’t get the prices I wanted for the time and energy I put into refinishing and re-painting. It is important to pay attention to what the market will bear. I looked over my techniques, I am a perfectionist, my techniques take a lot of time and are
exacting, one table took over 40 hours. I call that one “The Table”.
I sold my furniture in two places a local retailer and on Craig’s List. I rethought everything and came up with a plan to make My Craig’s list prices profitable. I knew this retailer wasn’t the place to get the best prices for my pieces but they were easy to get into and to work with. I sold all the pieces I had consigned to them and working with that store helped me to figure out where my prices needed to be to sell.
I made up a new set of rules for myself. There were a lot of things I could do to save time and
still achieve the look I wanted. I would spend no more than 8 hours on any one piece. These adjustments would get my prices into the Craig’s list zone.
That’s fantastic news because I LOVE doing the furniture. I love taking furniture ugly ducklings and turning them into gorgeous one of kind pieces.
I have two chairs at home waiting to be worked on. Stay tuned. I’m back at it. …Melissa