Picture Framing Business Tips
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Profit Margins and Competition
- According to Mark Klostermeyer, the market is saturated with picture framing businesses, leading to high competition.
- Picture framing offers high profit margins, ranging from 400% to 600% and even more on certain items and services.
- The minimum markup for custom framing is typically between 30% to 40% over the wholesale costs of materials and labor.
- Specialized work allows for charging higher prices.
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Types of Picture Framing
- Picture framing can be of two types: fixed sized framing and variable sized framing.
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Materials and Options
- Acrylic vs. Glass: Acrylic is lighter, more affordable to ship, and durable. Glass is heavier, more fragile, but some people prefer it for the aesthetic.
Starting a Photo Frame Business
- Picture framing has the potential to become a full-time, profitable business by collaborating with galleries, artists, photographers, and customers.
- Independent picture framers can work from home to offset income limitations and start their own business.
- A step-by-step manual can provide all the essential guidance to launch and run a successful photo frame business, with the potential to earn over 400% profit per frame.