“˜Tis the season for vendor events. I went to a couple of craft shows this weekend. It’s always good to keep up on what the competition is doing; plus I might see some treasures I have to have. Some of the vendors stated that things were “a little slow” (translate: they weren’t selling much of anything). Sure we can blame the economy and I will acknowledge that may have some bearing on it, but I venture to guess that those most affected by the current economic situation likely just stay away from craft bazaars. So if there were people and they weren’t buying, it’s time to take a deep look at the root cause.
I didn’t have to look far to find a number of common vendor mistakes that were likely the culprit for their low or no sales. If you’re going to participate in a vendor show, avoid these seven costly errors:
1. Little or no inventory for sale. Facts are most people go to vendor events to buy things. They want to take it home on the spot. They don’t want to order it. If they wanted to order they’d likely just stay home and order online. Most people are not (or shouldn’t be) comfortable giving money or a credit card to a complete stranger in hopes they will receive their product in three weeks. If you don’t have ample supply and variety of inventory to sell, don’t plan on any sales during the event.
2. No signage. I walked up to more than a few tables that didn’t have the company logo anywhere. I should have known before I even reached the table what vendor was at that booth. Then once I reached the table there was no price list to be found anywhere and none of the products had any price tags. Do I assume those were all display items? Or were those vendors just waiting for me to ask “How much?” You know the saying – “˜if you have to ask, you can’t afford it’. [Read more…] about 7 Common Vendor Event Blunders