Do you know where DIY shopping is possible? We will be discussing the customer demographics, competitive landscape, and online shopping options. Also, you'll find the top trends in DIY shopping. You need to know a few things, regardless of whether you're a beginner or an experienced pro. Continue reading to find out more. To get started, check out these handy tips and tools. It will be a wise decision. Here are some of the favorites.
Trends for DIY retailing
Although the DIY industry has experienced growth over recent years, this trend has stalled over recent months. The march DIY retail sales were down 8.7%. Meanwhile, spending on DIY stores and online as well as cars and bars saw a 25% slowdown. However, the industry is expected grow at a 4.0% annual pace and will reach US$96.935million by 2024. It targets all age groups, from college students to seniors.
According to recent research ecommerce is expected to account for 28% in the DIY market by 2020. This will be 50% more than the UK. Ecommerce is also taking ground in the global market. It will see an average of ten percent growth over the next five-years. According to Jonathan Jagard, Senior Manager, Ecommerce Insights at Edge by Ascential, ecommerce is a tremendous opportunity for brands with a high average price point that can offset the cost of fulfillment.
Customer demographics
You probably noticed that the internet is becoming more popular for shopping. So it may be worth taking a look at who your customers are when you shop online. You have likely noticed that younger people are now the most frequent online shoppers, and over-55s are the fastest growing demographic in the last five years. This is actually a big shift from the image that older people are technophobes.
You can use customer information to target your marketing efforts better and identify which products and services are most valued by your customers. Your marketing strategy will be more effective if you know the demographics of your customer base. To create a brand that appeals to your customers, it is important to get to know them. It is possible to make your products or services more relevant to customers and increase your sales.
Competitive landscape
DIY consumers are turning to online retailers for most of their materials and tools. Although most DIY information is now available online, it's still important for consumers to see a store representative to help them understand and learn what they need to complete a project. These strategies are working well for big-box stores, but they can also work for small businesses. In-store demonstrations of high-quality products are essential for millennial DIY consumers, who often choose to make their purchases in stores rather than online.
With DIY projects becoming increasingly popular, so too does the demand for tools. COVID-19 may cause financial problems for many consumers. A McKinsey study revealed that 66% of UK consumers expect the tax to affect their finances for at least two months. 36% of respondents plan to cut back on their spending. This trend is driving demand for DIY products, however.
Online shopping
There are countless online shopping options for DIY enthusiasts, whether you're looking for a specific tool, or a complete kit. Brick-and–mortar stores are limited by their retail agreements and lack of shelf space. Online shopping doesn't have these restrictions. It's possible to find exactly the product you are looking for in a wide range of sellers and brands. These include big names in the DIY industry, as well small independent shops.
FAQ
Can this be a way to make money?
Yes! In fact, many woodworkers already do. According to U.S. Bureau of Labor Statistics (BLS), woodworkers earned a median annual salary of $34,000 in May 2012. This is much higher than the national median of $31,000 per annum.
How long does a piece take to finish?
It all depends on what type of wood you use, how complex your design is, and how much finishing you use. Hardwoods, on the other hand, are more durable than softwoods. Hardwoods tend to be more expensive that softwoods. But they last longer and resist moisture better. The typical time taken to finish a piece furniture takes anywhere from one to three month.
Do you have the skills to learn woodworking?
It is best to do it yourself. Woodworking takes practice, skill, patience and experience. Mastering any craft takes time.
You can learn the most effective way to master a skill is by actually doing it. Start small and then build upon what you've learned.
Which wooden items are very popular?
The best-selling wooden items are those which have been made from wood that was harvested sustainably.
The most popular types of wood for furniture include oak, maple, cherry, mahogany, walnut, and teak.
These woods have beautiful grain patterns and colors. They are also very strong. They will last for many years, if taken care of properly.
To protect wooden furniture from moisture damage, you should paint it first. This includes all surfaces, including drawers, doors, and handles.
You want your furniture to last as long as possible so you need to choose a paint that is water resistant.
Use a high-quality, oil-based primer and two coats of topcoat. Depending on how much wear you expect, you might need to apply more coats of topcoat.
Spray cans or aerosol paints should be avoided. These products have solvents that evaporate quickly, leaving behind dangerous fumes.
How can I keep my shop organized?
Setting aside an area to store tools is the first step in keeping your workshop organized. To keep your tools sharp and ready for work, keep them clean of dust and debris. You can hang tools and accessories with pegboard hooks.
How do I identify the type of wood that I am dealing with?
Always read the label when purchasing wood. The label should contain information about the wood species, its moisture content, and whether it has been treated with preservatives.
Statistics
- Woodworkers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $108,000. (zippia.com)
- Overall employment of woodworkers is projected to grow 8 percent from 2020 to 2030, about as fast as the average for all occupations. (bls.gov)
- The best-paid 10 percent make $76,000, while the lowest-paid 10 percent make $34,000. (zippia.com)
- Most woodworkers agree that lumber moisture needs to be under 10% for building furniture. (woodandshop.com)
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How To
How can you measure wood accurately?
We use several methods to measure wood. A digital caliper is a tool that measures distances. We also use a laser level to ensure your work surface flattens.
A digital caliper has two jaws that open and close. The one jaw holds the object to be measured, while the other measures distance between them. The digital caliper can be used to measure small distances such as the thickness of wood.
Laser levels use an infrared beam of light to project a line across the ground. The laser emits red dots on the line. You can check if the surface is level by looking down at the line. Large surfaces can be checked for accuracy with laser levels.
Bubble levels look similar to a compass. There is a bubble in the center of the device. As long the bubble is not in the middle, the device will show you whether the surface of the object is level. Bubble levels are great for checking the accuracy and precision of smaller areas.