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It's great to delve into an interesting hobby such as
artwork, photography, or crafting paper jewelry. It's even more
exciting (and financially rewarding) to turn your special
talents into a successful home-based business. That's exactly
what Mary Maturi of Cleveland Ohio, Leslie Croyle of Bay
Village, Ohio, and Marlene Stephenson of Virginia, Minnesota,
did. Each turned her hobby into a cash-generating business
complete with paying customers and a bank account.
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These aren't isolated stories. Men and women across the
country are joining the ranks of entrepreneurs converting
hobbies into money-paying propositions. It's important to note
that none of these women originally planned to start a business.
On the contrary, interest by others in their hobbies convinced
them to sell their work.
Mary Maturi's Killer Whales
Mary Maturi markets a line of "Killer Whale"
petroglyph tee-shirts, sweat shirts, and note cards both in
Alaskan gift shops and in natural history museums in the lower
forty-eight states.
It all started when Mary and her family spent a year living
in Wrangell, a small town located on Wrangell Island in
southeast Alaska. One day Mary ventured down to Petroglyph Beach
on the island. Petroglyphs are ancient rock carvings left by an
unknown people. Using rice paper and different colored ferns,
Mary "rubbed" the petroglyphs to capture their images
on paper. When others saw her rubbings, they offered to buy
them.
"Peoples interest really surprised me, so I thought of
other ways to share the uniqueness of the petroglyphs with out
having to deal with their awkward size (some were several feet
in length). That's how the "Killer Whale" notecards
were born," Mary says. Using her rubbings as a guide, she
created smaller scale pen and ink drawings which she took to a
printer to get price quotes for paper, printing and
envelopes."
The major cost of printing is making the plates. Therefore,
it's wise to get price quotes for different runs of 1,000,"
says Mary. For example, a run of 3,000 cards might cost around
10 cents per card while a run of 6,000 note cards could drop
that per unit cost below 8 cents per card. That decreases your
card cost by more than 20 percent - quite a savings. Mary also
recommends getting bids from several suppliers or even splitting
up the order.
While printers know how to price their printing
competitively, they don't make their own envelopes. Mary uses
the least costly printer that can deliver the quality of paper
stock she desires, but buys her envelopes from a warehouse
specialist at a savings of nearly 35 percent from prices quoted
by printers and other envelope suppliers. It pays to let your
fingers do the walking and get competitive quotes.
Once Mary obtained the cost estimates, she visited several
gift stores and museums to gather pricing information on
competing notecards. She also talked to store owners and museum
managers to determine their interest in ordering. After all, it
would make no sense to have the notecards printed unless buyers
would purchase at prices that can generate a profit.
Leslie Croyle's Photo Finish
Leslie Croyle converted her love of photography and knack for
framing into a full-fledged photo decorating business.
Leslie and two friends offered for sale enlarged photos of
popular Cleveland events such as the start of the
Revco-Cleveland Marathon & 10K, and a spectacular shot of
the United Way Kickoff's release of thousands of colored
balloons in Public Square.
"We hired several photographers to cover the events and
used the best photographs of the bunch," say Leslie.
Advertisements for photo promotion proved popular. The trio sold
600 photos at prices ranging from $8 to $10 a piece, gathering a
bit less than $5,400 in revenues. Not bad for the first venture.
Unfortunately, the combined costs of ads, fees for the
photographers ate up the $5,400 and more. "Although we
ended up with a loss, it gave us a lot of market exposure and a
proven track record," says Leslie.
Next, Leslie and her friends put together a portfolio of
photographs and contacted local businesses. This marketing move
landed them a job of photo decorating PJ McIntyre's Restaurant
in a Cleveland shopping center. "We tied in the nostalgia
theme of the restaurant by contacting area historical societies
and arranging to have their vintage photographs copied. It's
important to make sure you have the right to reuse the prints.
Ask for proper releases and permission to use whatever photos
you have copied," advises Leslie.
She stresses the importance of networking industry contacts.
A decorating firm they worked with on one project led to
additional work when that firm recommended Leslie and her
partners to some of their other clients.
Since 1987, the photo decorating business has progressed well
since its initial unprofitable photo event ventures. Major
projects include photo decorating the guest rooms and suites for
the historic Glidden House, which has been made into a unique
bed and breakfast, and an all-sports photo motif for the Grand
Slam Bar & Restaurant in the refurbished Cleveland Flats
night spot area.
"From our humble beginnings, we're now getting into some
pretty good sized jobs," says Leslie. "Just keep
bumbling along - don't give up."
Marlene Stephenson's Paper Products
Marlene Stephenson makes her money tearing paper. Actually,
her unique sculptured jewelry draws rave reviews wherever she
wears it. In fact, people routinely ask to buy her unique
designs right off her dress when she appears at public
functions.
Marlene is a medical technician by trade, and her paper
profits grew out of a coffee get-together group of friends that
met once a week to try their hands at new craft ideas. One day
one of the ladies brought a book on making paper jewelry.
"I just fell in love with it and made a pin and some
earrings to wear to a business meeting. Lots of the women at the
meeting asked me to make some for them also," says Marlene.
As with any fashion item, Marlene pays attention to color
schemes and design. Even though she makes several copies of
different designs, each is unique in color, shading, size, and
even texture. Marlene crafts her one-a-kind jewelry to match her
customers special outfits.
"With any small business, it's important to link up with
other small businesses," stresses Marlene. For example, her
local hairdresser lets Marlene display her paper jewelry at her
shop. Local gift stores either buy the pins and earrings
outright or take them on consignment, which means they pay for
the items after they sell. Marlene also teamed up with several
other artists to display their work at trade shows.
"Try to tailor your product to the particular market.
With the loon as the state bird of Minnesota, my loon pins
always do well at local craft shows," she says. Likewise,
when Marlene sent samples of her pins to trade show in
Anchorage, Alaska, she made some new designs to capture the
wilds of Alaska, These pins included a polar bear, Alaska wild
flowers, whales, and fish.
What ever your own hobby pursuits, you may be over looking an
opportunity to turn personal interests into money-making
enterprises. Investigate the possibilities, calculate the costs,
analyze the market, and move forward with your plan of action.
Take your lead from these three women who have turned hobbies
into profits.
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