Business At A Glance
- Startup Costs: $2,000 – $10,000
- Part Time: Can be operated part-time.
- Online Operation? No
Business Overview
Do you want to know how you can make anextra $25,000 per year by hosting only four annual craft shows? It isactually quite easy to host craft shows, and in the spirit of beingunique, let me suggest a way that you cannot only make an additional$25,000 per year part-time, but you can also have a lot of fun doingit.
The business concept is very direct. Simply, secure 100 craftvendors per craft show that you host, and charge each vendor $100 fortable rental. Holding a winter, spring, summer and fall show willgenerate total business revenues of $40,000 (4 shows x 100 vendors eachshow x $100 per table booth = $40,000).
The next trick is to keep asmuch of the gross revenues as possible, and seek out ways of promotingthe show so craft vendors will receive maximum exposure. Here is how itcan be accomplished:
- Free location for the craft shows.Finding a location to hold the craft show without having to pay rent isvery easy. Simply negotiate with the landlord of the location thatshows’ admittance fees and concession snack revenue will be retained bythe location or landlord. One thousand people paying $1 each to attendand spending only $1 each on snacks will result in a two-day ‘same asrent’ fee of $2,000.
- Free advertising for the craft shows.Advertising and promoting the craft show for free is also very easy.Start by negotiating with the craft vendors that 5 percent of theirtotal sales will go to a community charity.
The next step is to contacta local newspaper or TV station and negotiate a joint venture in termsof sponsoring the craft show and the local charity. Once again, it willnot be hard to find a newspaper or TV station that is willing to giveaway some free advertising in exchange for the goodwill benefits ofbeing a co-sponsor of a community event for charity.