When it comes to looking at our money there are two things to focus on: money going out and money coming in.
I have a few ideas about how to keep the money going out at a minimum so you see more profits. I hope these ideas will help you!
- Avoid having to pre-pay for items you’re interesting in selling to your clients. This year I had about three sources of jewelry by local designers that I wanted to show my clients. With each of the sources, I made an arrangement to show the work and only pay for the items that my clients purchased. I had no outlay to worry about. Because I know my clients well, I was confident about the pieces in each collection that I chose to bring to my clients. It never hurts to ask if you can “borrow” items for a day or two or more.
- For sponsored workshops be sure you don’t get stuck with the expense of printing out handouts. Give your host a copy of your handouts and ask that they prepare them and have them ready for your public workshop or presentation.
- If you’ve been hired by a corporation to present to employees, specific that you want them to provide you with an assistant or ask that they pay extra for you to bring your assistant. This person will watch out for your comfort, making sure you have water, food or lozenges. This person can help you unpack and pack your car if you’ve got it loaded up with props. That person will help you with setting up and breaking down. Really, don’t do it all yourself. It’s too much.
- If a store has sponsored a fashion show that you are taking responsibility for, ask for a budget for clothes from the store you’re representing. What an easy way to sell their clothes for them by wearing them and owning them.
What other ways do you have for being savvy with money?