Jumpstart the New B3 – The First Step Toward a Century of Creativity

A special message from the founder of B3 about the debut of our Jumpstart program.

Over the past nine and a half years, Blue Buddha Boutique has grown from a one-room operation in my spare bedroom to a leader and innovator in the craft industry. When I founded my company in 2003, I was just a fledging chainmaille artist with a pair of pliers and dream. Since then, Blue Buddha has grown to serve crafters passionate about quality across the United States and throughout more than 40 countries. We’ve created jobs, empowered your creative expression and supported the growth of countless individuals’ handmade businesses. We’ve helped grow and define this industry. You, our customers, have been critical to this success, and we are grateful for every single purchase you’ve made and every interaction we’ve had with you.

Thanks to your patronage, Blue Buddha is one of the rare companies that has managed to thrive these past few years: In January 2007 we had 1 employee (me) and now we have 18.  Blue Buddha has grown and evolved beyond my original expectations. And as the company has grown, so have my expectations and realizations about what is possible. We want to be here for awhile. A long while!

 

In the midst of an election year, we hear a lot about companies that “fuel the economy.” Blue Buddha is one of those companies.  We’d like to think we fuel the economy by fueling your creativity and inspiring people all over the world to do something crafty.

A new retail space is the next step in our vision to continuously better serve you, our community of artisans and hobbyists. First off, it will allow us to have classes and Open Studios again. We’ll have space to produce videos so even if you’re not local, you can “attend” class or learn tips and tricks from some of our artist ambassadors.  We’ll finally have room to hire more folks and create an on-call team of quality control specialists to make our order processing time as fast as possible.

In a broader sense, our space will be a gathering place, a mecca of creativity in Chicago’s Edgewater neighborhood. We’ll host events for the Chicago Craft Mafia and provide an affordable location for crafters in other industries to showcase their own classes and events.

Over the next year, as our cash flow allows, we will set up our retail facility. Not only will we sell the quality supplies you’ve come to know and love, but we plan on offering handcrafted items made locally as well as chainmaille made by artisans all over the United States—maybe even something made by you or someone you know!

You Can Help Us Thrive

We’re so fortunate to have a great clientele that loves and appreciates our business and wants to be a part of helping us with the next phase. You told us you wanted to support us, we listened, and we think you’ll love all the fun perks and offers we’ve come up with that will allow you to make a contribution to this undertaking.

From the get-go, we’ve sought employee, student and customer feedback and we’ve let you in on behind-the-scenes information that most corporations save for boardrooms. You’ve helped us decide which new products and features we should offer and your tastes and interests have inspired us to create innovative designs and a quality of supplies that goes even beyond our original vision.

It is because you have always been such an amazing part of our team that we now invite you to be an integral part of our growth, helping us create an innovative space in the city of Chicago that will be open for you, the community and the next generation of crafters.

The B3 Team in 2010 - and we thought it was a tight squeeze back then! *phew*

We’ve bootstrapped from the beginning, mostly because we didn’t have a choice. I certainly didn’t have tens of thousands of dollars lying around to fund my business, so we built it up one dollar at a time and used creative solutions to make the most of small budgets, small space and a small team of employees. All of us at Blue Buddha feel strongly about overuse of debt, and we think operating within one’s means is simply the better way to do business.

This is the first time we’ll be seeking a bank loan, and frankly at this time, it makes a lot of sense, given our plans for growth. Our expansion is essential for our success, but we cannot (should not) take on a large bank loan which would incur hundreds or thousands of dollars in interest charges each month to a bank.  Blue Buddha is not in any debt to a bank now, nor have we ever been. We do have a line of credit that we use during tight cash flow times, such as when we’re prepping for the holiday season or the Bead&Button Show, but we’ve always paid this back within a few months. We currently owe $0 on our line of credit.

Blue Buddha has always been “in the black” and to stay financially stable we will have to improve our new store front in stages.  There will be an initial high-cost build out to give us the basics: a safe working environment that is up to code.  Plus—of course—a classroom for you!  Then we will tackle other needs, such as opening our retail space and building additional classrooms.  It also means doing some not-so-fun things such as replacing the windows and sealing the basement.  Blue Buddha is at a point where we have to grow, and once we expand, we will be able to better suit your needs. This storefront can provide a comfortable place for our staff to work, a flexible and interactive space for folks to learn and an energetic space for people in our community to be creative.

You can help us thrive by participating our Jumpstart The New B3 promotion geared toward opening our new space in Chicago’s Edgewater neighborhood.

By offering you additional value, we are hoping your purchases—on special kit and merchandise packages—during this promotion can help us raise $50,000 to help cover some of our costs.  It would completely pay for leveling the floor (which must be done before we can install floorboards or carpet) and providing ergonomic workstations for our quality-control employees which is crucial to their health and longevity.  Or, your $50,000 would  pay for architect’s fees, the installation of a security system, city permits, comfortable seating for classes, and the electrical wiring.  Or, another $50,000 would cover retail fixtures, point-of-sales/UPC development, inventory shelving and moving expenses.

 

With your help, we can raise this money in the next 3 months to give us a strong foundation for the next stages and our long-term growth, without compromising our ability to serve you well today. We considered doing a Kickstarter campaign, but ultimately realized the best way to support our business was right here on our own website, with the customers who’ve supported us from the beginning. We jokingly called it Jump(ring)starter in the studio, but wound up liking the name, so it stuck. :-)

 

Jumpstart Our Next Step!

We’ve put together three promotions and will be adding more during the next couple of months.

  • In our survey, your most-requested supporter reward was the Mailler’s Choice Club.  As you may know, each month we feature a kit with the convenience of everything you need to make a great chainmaille piece in colors chosen by you for a special, limited edition 12-hour sale.  Folks have commented to us how much they love “Maillers’ Choice” because it provides them with a fun, new challenge each month.  It’s a great way to keep up your chainmailling chops!  When you sign up for this new Mailler’s Choice club, you’ll automatically receive the monthly Mailler’s Choice kit in the mail !! You’ll never have to remember to buy it, or make plans to be near a computer for the sale. We have a variety of Club memberships available—you can purchase a 1-month “pre-sale” kit, 3-month subscriptions or a 15-month subscription, which will keep your stocked with Mailler’s Choice projects through December of next year!

 

  • Your participation in the Infinite Beauty Package provides you with a handcrafted zipper pull and a Blue Buddha button featuring my signature design, the Quantum Rose.  As thanks for supporting our company in taking the next step, depending on your selection, you’ll receive discounts and vouchers for Rebeca Mojica jewelry.  You may be the one who’d like to own my haute couture handmade necklace, Poseidon’s Embrace! This finely crafted, award-winning necklace was featured on the street banners and the promotional shopping bag for the 2010 One of a Kind Show and Sale at Chicago’s Merchandise Mart and has appeared in several publications.

 

  • If you make your own jewelry, you may wish to evangelize your services by advertising your business name and website on a special Ring of Support page on our website.  With more than 15,000 unique visitors a month to our website and 4,200+ “Likes” on Facebook, we’ve got a far reach to help you spread the word about your business.  Depending on the package you choose, receive additional promotion via our social media networks as well. If you don’t have a business but would still like to support us, simply purchase this package following the normal instructions and instead use an anonymous name (or use the name of your favorite nonprofit so we can help spread the word about them).

You can participate through one program or through all three, as each provides unique benefits. We’ve got a few additional programs in the works, including one we think you’ll be really excited about: an exclusive platinum club that gives you early access to sale items, new products, and limited-edition color batches!

If you have other ideas for potential supporter rewards, please send them to us so we can be sure to include as many of you as possible in our journey to move to a new facility.

A Century of Creativity

We appreciate your impact on us and our future! Less than 3% of women-owned businesses grow to the size of Blue Buddha, and now that we’ve arrived here, we have an even loftier goal. We’d like to be one of the 0.008% of businesses that live to be 100 years or more.

The first step in that vision is our new store.  By opening this store, we’ll create opportunity, awareness and jobs in the community.  We’re excited to be able to expand the availability of this artform and help bring the power of creativity to more people’s lives.

Clockwise from top-left: "Poseidon's Embrace" by Rebeca Mojica, "Illusive Heroine" and "Subtle Bruise" by Kat Wisniewski, "Violet Vestment" by Omni Mee and "Red Dancing Leaves" & "Rockstar Chainmaille Jacket" by Vanessa Walilko.

Ultimately we want to carve out space in the store dedicated to the preservation and education of this craft: the world’s first Museum of Modern Maille. Imagine how fabulous that collection will become during the next nine decades!

You can help us build a strong foundation for growth that will allow us to create a place that you and people like you—now and in the next generations—can use to awaken their inner artist. Sure, I can’t predict what the world will be like 100 years from now, but if Blue Buddha continues innovating and hiring the right people, we will continue to adapt in this ever-changing world and become an icon in the crafting industry.

We’re excited about your participation in our growth, so please select one or more promotions today and help us kick off the second decade of our 100-year plan.

Thanks for your support.  We look forward to growing and evolving … and having one helluva story to tell in the year 2103!

A New Space! A New Expense …

As most of you know, we’ve completely outgrown our current facilities and are bursting at the seams.  We spent many months looking long and hard at dozens of spaces in Chicago and finally found a perfect spot in Chicago’s Edgewater neighborhood! We’ll be just steps away from the Granville stop on the Red Line.

This storefront will provide a flexible and interactive space for folks to learn and an energetic space for people in our community to be creative. It’ll also be a comfortable place for our staff to work. (Yay, no more being crammed like sardines into a 1,300-square-foot space! Seriously, it’s amazing that the B3 team members have managed to stay cheerfully productive in such cramped working conditions.) Well, the new space can be all that with a tremendous amount of love and care, that is. As anyone who has taken on a home renovation can tell you, this means far more than simply a coat of paint or a new wall here or there.

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Like most of the other spaces we looked at, this building needs a major overhaul, including—just to name a couple things—building a fire-proof wall and doors to the basement storage, reconfiguring the plumbing to account for the city-required drinking fountain fixture, leveling the floor, and building walls to accommodate our unique mix of classroom, retail and operations needs.

All told, it would cost us $250,000 to build our facility completely right now. This is a staggeringly high figure especially for a bootstrapping business like ours! We thought for sure that with a little ingenuity and number crunching we could cut that figure into a friendlier one. Alas, that is not the case. Just as we’re committed to keeping as much manufacturing here in the U.S. as possible, we’re committed to using licensed workers for this job and making sure the renovation gets done right, so we don’t have to go back and patch anything up later.  If cutting corners means the whole thing falls down, well, that’s not an option.

 

So we have chosen to approach this build out in stages. We intend to use our creativity to make an imperfect space work as we tackle necessities first—it’s the smart thing to do for our business and we’re armed with those years of bootstrapping to make it work!  We’re sacrificing opening the retail storefront to get our crew moved in first—now we’ll have the space to hire more people, which translates to faster order processing. Our new space will also allow us to finally expand some of our product offerings, because we’ll have lots of square footage to house inventory.  We’re making it a priority to open our classroom and video room, so we can get started on local—and eventually, Internet-based—classes. Other plans, like an employee kitchen area, additional inventory walls and shelving, sealing the basement, creating our Museum of Modern Maille, will have to wait for now.

Even with our modified buildout, we still need to come up with $100K to cover the bare essentials to get us moved in: flooring/electrical needs, compliance with city regulations, a bit of plumbing and carpentry and furnishings.

Although Blue Buddha generates more revenue than 97% of the women-owned businesses in the U.S., it doesn’t mean we’re raking in the cash. (I once went to a business workshop and the presenter suggested, as a way to cut costs, giving up on the corporate country club memberships and private jets. Um, whaaaa…? *grin*)

In the craft & hobby retail industry, the average net income for a business our size is about 4%. (We do strive to be above average in what we do, but there are certainly limitations to how profitable we can be.) In layman’s terms, this means for each $1 a customer gives the business, after all expenses have been paid for, only 4 cents stay with the business. Actually, one of those cents—or more—goes to Uncle Sam, and so the remaining 3 cents are what can be used to build the business’s nest egg. As you can see, it takes a very long time for a nest egg to become of sufficient size to support a buildout, a longer time than we’ve been in business thusfar. And it would take an even longer time for us to pay back the interest on a loan buildout.

(click for larger view)

 

So even though we’ve bid adieu to our dream $250K build out, we still are facing our biggest expense to date.  Expansion is essential to our future success, so we’re excited to move forward, but we’d like to incur as little debt as possible.  You can help us expand by participating in our Jumpstart Program.

 

 

 

Congratulations to September’s “Featured Product” contest winner!

Voting for September’s Featured Product of the Month contest is officially closed and the winner as chosen by you is……

 

Heidi V. with her piece “Lacey Victorian Collar”


Lacey Victorian Collar

Congratulations, Heidi! Your creativity has earned you a B3 gift certificate for $25! To claim your prize, please send an email to [email protected].

 


 

FEATURED PRODUCT FOR OCTOBER – Fall/Halloween Theme




For October, we’re leaving the door pretty open for creative interpretation and are challenging you to create a piece that is fall or Halloween themed. You can use your favorite fall colors, create something spooky – whatever you can imagine! Submissions will be accepted October 1-15 and the winner will be announced on Halloween!

 

 

“Featured Product” contest – Fall/Halloween theme for October!





For October, we’re leaving the door pretty open for creative interpretation and are challenging you to create a piece that is fall or Halloween themed. You can use your favorite fall colors, create something spooky – whatever you can imagine! Submissions will be accepted October 1-15 and the winner will be announced on Halloween!


HOW TO PARTICIPATE:




Make a project which primarily uses our featured product. The project can most definitely use other rings and components, but the featured product should really be the star of the piece. Please see the complete rules and details below for more information about qualifications.




Take a picture of your project and submit it using our official Featured Product Contest form (link below.) You may post the piece online somewhere and provide us with a link, or upload it directly in the form. You will be asked to provide your name and an email address we can use to contact you in case anything goes wrong with your submission—or if you are the winner of the contest!

GO TO THE SUBMISSION FORM

Submissions are closed at midnight CT on 15th of every month and are limited to 2 entry pieces per person.



Get Votes! Submissions will close on the 15th of each month at which point the B3 Staff will choose our favorites. The top entries will be eligible for voting through a survey which we will post to our blog. If you are one of the finalists, feel free to share the link with friends via email, Facebook, Twitter or any other means.

Voting will close on the last day of the month.


 


We will award the top voted finalist each month with a $25 B3 Gift Certificate and will feature YOUR project in a special blog post and possibly even future B3 ads to inspire fellow chainmaillers all over the world.




Complete contest rules and details: Submissions are limited to 2 per person and must use the featured product of the month as determined by Blue Buddha Boutique. The project is not required to be made from Blue Buddha Boutique rings, however any winning projects that use primarily rings from another supplier or rings made by the artist will not be eligible for posting on our blog or use in our ads to prevent false advertising. Pieces do not have to be specially created for the contest but should be no more than 12 months old. Current employees and interns of Blue Buddha Boutique are not eligible for this contest. Finalists are chosen by Blue Buddha Boutique and voted upon anonymously by the public to determine a winner. Submissions may be disqualified at the discretion of Blue Buddha Boutique if they are deemed inappropriate in any way. If a winner does not claim their prize within 15 days of notification, the second place winner will be awarded the prize.

Receive notifications when out of stock items are back in stock!

We surveyed customers in July of this year to find out what website features they’d most like us to add.  After adding a new feature that allows you to save multiple shopping carts and create chainmaille wishlists as well as a feature that allows you to shop from previous Blue Buddha orders, we decided to tackle the next most popular item from the list: back-in-stock notifications.

Now as you shop, you’ll notice little envelope icons that appear near “out of stock” items and colors.  Clicking on that icon or the link next to is that starts with “Notify me…” will allow you to sign up to receive an email as soon as we mark the product as back in stock on the site.  Pretty nifty right?  Here’s a little tutorial on using this function:


1. Click the envelope icon to open the notifier window.

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2. Use the dropdown menu to select the item you’d like to be notified about (don’t worry, you can go back and add other items from the list if you’d like to be notified about more than one.)

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3. Enter your email address.  Note: If you are logged in to our site, you email address should automatically appear in in this field.

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4. Close the window or add more items from the dropdown.

Note: If you are not logged in to the site, you can only sign up to receive notifications for up to 6 items.  We do this to help protect our site from spammers who like to use forms like this.  If you are interested in signing up for notifications for more than 6 items, all you need to do is log in or create an account.


You’re done!  You’re all signed up and will receive an email as soon as the item becomes available again.  If at any time you’d like to see what items you are waiting on or delete anything from the list, you can log in and go to your “My Account” page.  Down at the bottom of the page you will see all your back-in-stock notifications and can delete any that you like with a click of the red x.

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