MirkoSling wrote on Feb 9
th, 2021 at 12:42pm:
So what do you guys think? Is it good enough to start selling or would it be a waste of time?
One thing I've learned from e-commerce is that it's really difficult to predict the market or what the demand will be. The best thing to do is just test some things and see what works. As Pat Flynn always says: The riches are in the niches.
I would start by looking locally to see how big HEMA is in your area. You may also have a market with the LARPing crowd and Cosplayers. Those last two groups will not be as picky about historical accuracy because they are fantasy roleplay communities. HEMA could be a hit... or your particular shield might be from the wrong time period for the particular schools of study nearby. You just have to look into it and see what people want.
Renaissance Fairs are a good place to gauge your market too, and you will have more of a mix of historical genres and a slightly broader audience of potential buyers.
If you're going to make something that is approximate but not historically exact, I would consider using modern tools, materials, and techniques and make the thing absolutely the best quality you can muster at a reasonable price within a reasonable time ("reasonable" is left intentionally vague). Small details matter a lot too, so I would say yes to studs unless the market tells you otherwise... again, just test it and see what sells. Silk screen a custom coat of arms on there. It's fast, inexpensive, and it will completely change the look of the shield... unless you are marketing this as a canvas for HEMA folks to add their own coat of arms to. Customization is yet another way to differentiate yourself in the market. The problem with small markets full of hobbyists is that other people will not value their time either, so you need to do something that makes people want to buy YOUR shield, not just "a" shield.
Another idea is to make it a functional replica of a shield from some popular video game. That takes away all complaints about the historical accuracy of the materials. Video game replicas will appeal to a larger audience than any authentic historical replica... plus this gives you a lot of crossover with the cosplay crowd. You'd be hard pressed to find a better marketing strategy to sell those shields than to have professional photos posted all over Instagram of your shield being held by a pretty girl in elf ears.
You could also do something like covering the shield with embossed copper, tin or tooling leather and go high-end with the look. If it looks fancy enough, that $150 shield might sell for 10x that instead... but that show piece also draws in other people who view your work as high-quality and then buy the cheaper version like Morphy mentioned.
Find a niche and target something specific. Instead of "shields" find out what fantasy your customer is fulfilling by buying that shield and target the emotional satisfaction that caused them to go shopping for a shield in the first place. Shields are a vanity purchase, and vanity purchases are emotional purchases. Figure out how to tap into those emotions, and you can do better than all those hobby sellers on Etsy who are just selling generic "shields" and driving prices down by not valuing their own time. Sell the fantasy, not the shield, and those other guys won't be able to compete against you at any price, because your customers will want YOUR shield.
As far as setting your price point... I definitely think you are way too low. Most retail products in stores like Walmart have a markup of 5x the manufacturing cost if not more.
I could keep going, but I'll just stop there and let all that soak in for a while