So you want to make some extra income by making duct tape wallets. Good for you!
That is an excellent decision and I will tell you exactly how we built our business so that you can duplicate what we have done.
First, let me clarify a couple of things:
- Building these wallets is NOT easy – If you think there is no problem working with the stickiest and strongest tape known to mankind, THINK AGAIN.
- So simple that a child can do this – tons of kids make their own duct tape wallets. The hard part is keeping things organized and it’s easy to create high-quality wallets every time.
- Wanting to do this is 80% of the battle – If you have good manual dexterity and can follow the instructions, you can. Understanding that quality comes with practice It will help you quickly develop a production system.
Building a wallet business is not rocket science:
- Learn how to build them – Do a search on YouTube.com for “how to build duct tape wallets.” This is how we begin. After combining techniques we learned from YouTube’s Top 40 Duct Tape Wallet Building Videos, we developed our own system.
- Source tape – Most hardware or construction supply stores like Home Depot or Lowes have some colors of 2-inch wide duct tape and specialty craft stores like Michaels have a much wider selection of colors. Over time we got 4 inch wide tape and now we carry it in 28 colors and patterns.
- Product sale – We initially sold our wallets at farmers markets and craft fairs, but found that sales of that method barely covered expenses and sometimes not even that. We currently retail / wholesale our wallets through our own website and have an exclusive wholesale agreement for some color combinations with unmongoods.com. You can easily sell through online sites like 1000markets.com gold Etsy.com, also.
The world’s largest duct tape wallet manufacturing company now produces wallets by machine in China and sells hundreds of thousands of units every year. They have been in business since 2001, so there is definitely a demand for this type of accessory.
In contrast, each wallet in our small business is made by housewives and we produced just over 2000 units in our first year.
So, there is the short story about our initial success and I assure you that if we can do this, you CAN do it.
I hope you stick with it!
Barry williams