Hesitant to admit it however...
Posted: Thu Aug 02, 2012 10:34 am
I'm posting this to hear if others are experiencing this -- their location and how severe. If this is not appropriate for this forum, please delete it -- I understand.
The work input into my shop is significant down for the last six/seven weeks. I'm located in mid New Jersey. There have been other week long periods in the last 12 years but none that have lasted this long. I'm doing a lot of one-day turn arounds but not enough to establish a backlog or fill a full day. My typical work is mainstream intermediate and beginner players with routine problems, setups, some mods, and pickup installs; a refret about twice a month. The professional players are definately playing their instruments longer between services. The semi annual trussrod adjustment rush due to the high humidity during NJ summers was almost absent this year and I usually perform these adjustments in return for coffee and donuts -- its not an expense issue at my shop.
The purchase of custom instruments made by me hasn't changed. But the purchase of the normal above average desirable icon guitars is down.
I have local peers and long standing competition and I'm not hearing anything from them -- there is friendly rivalry yet some mutual cooperation. One is a specialist for neck resets and his backlog is honestly full and his demand is slightly up.
We do a fair amount of selling and generally the resale of better quality older instruments in yielding about 40% less expected value. However, there is still the odd high dollar bid going to very obscure instruments via ebay. Over half of these are overseas bidders -- France and northern Europe. Id actually say that obscure instruments and accessories are up in demand. A typical example would be a 1966 Silvertone or Harmony archtop or a Ducane amplifier -- more money than expected.
Retail of mainstream new instruments and amplifiers of our primary brand has been down for about two years.
About a year ago, there was an increase in the number of lost cause instruments coming in to be repaired only to be turned away or encouraged to be repurposed. This has tapered off but still occurs more often than in years past.
Lessons are only slightly down with better than average continuation of lessons through the summer. For the last two years we have seen an increase in the number of adult students. A greater percentage of our students are the type that are more invested in learning.
I'm interested in hearing the anecdotal perception of what others are seeing and where they are. I did my best to be honest and share what is happening here. I'm also interested in hearing of any business strategies that seem to be working better or new ideas if you are inclined to share. One thing that has been successful with us is the introduction of a program similar to what the School of Rock does.
The work input into my shop is significant down for the last six/seven weeks. I'm located in mid New Jersey. There have been other week long periods in the last 12 years but none that have lasted this long. I'm doing a lot of one-day turn arounds but not enough to establish a backlog or fill a full day. My typical work is mainstream intermediate and beginner players with routine problems, setups, some mods, and pickup installs; a refret about twice a month. The professional players are definately playing their instruments longer between services. The semi annual trussrod adjustment rush due to the high humidity during NJ summers was almost absent this year and I usually perform these adjustments in return for coffee and donuts -- its not an expense issue at my shop.
The purchase of custom instruments made by me hasn't changed. But the purchase of the normal above average desirable icon guitars is down.
I have local peers and long standing competition and I'm not hearing anything from them -- there is friendly rivalry yet some mutual cooperation. One is a specialist for neck resets and his backlog is honestly full and his demand is slightly up.
We do a fair amount of selling and generally the resale of better quality older instruments in yielding about 40% less expected value. However, there is still the odd high dollar bid going to very obscure instruments via ebay. Over half of these are overseas bidders -- France and northern Europe. Id actually say that obscure instruments and accessories are up in demand. A typical example would be a 1966 Silvertone or Harmony archtop or a Ducane amplifier -- more money than expected.
Retail of mainstream new instruments and amplifiers of our primary brand has been down for about two years.
About a year ago, there was an increase in the number of lost cause instruments coming in to be repaired only to be turned away or encouraged to be repurposed. This has tapered off but still occurs more often than in years past.
Lessons are only slightly down with better than average continuation of lessons through the summer. For the last two years we have seen an increase in the number of adult students. A greater percentage of our students are the type that are more invested in learning.
I'm interested in hearing the anecdotal perception of what others are seeing and where they are. I did my best to be honest and share what is happening here. I'm also interested in hearing of any business strategies that seem to be working better or new ideas if you are inclined to share. One thing that has been successful with us is the introduction of a program similar to what the School of Rock does.