1. Buying the minimal of supplies to save money can backfire. If it is unique, handmade, from overseas and/or the exchange rate is good, please consider buying it bulk. The same goes for staple supplies as well, such as wire for a jeweller and thread for a seamstress.
- WHY? Unique and handmade supplies are generally limited, and once they are gone, they are gone for good in some cases. Buying from overseas generally can be expensive shipping/postage wise and exchange rate wise, if AUD is doing poorly.
- WHY? Branding is very important - so having a matching domain to your business name looks more professional and makes your business name easier to remember.
- WHY? These markets generally attract buyers who are after cheap things, and if you do not fit in the criteria, you are better off investing in a dearer one.
- WHY? You don't want to undersell your self.
- WHY? The supplies you use play a big part in the wow factor your work has.
- WHY? It is not only important when it comes to tax time, but it makes it easier to price your creations, and working out if you should register your business and set up an ABN account.
- WHY? Firstly, markets/shows might not be for you. Secondly, there is no such thing as perfect display, especially for your first one. Doing at least a few markets before you decide investing big is good because generally only personal experience is the way to work it out. (even if you THINK you already know)
- WHY? Buying online can generally be so much cheaper, but photos can be deceiving, even if not on purpose. You do not want to be stuck with # amount of things that you can't use.
Please feel free to share your buying regrets and useful advice on this subject!