Think Party Thoughts! – Part II

After barely 5 months, my wife and Jessica’s little startup ThinkPartyThoughts, an online boutique partyware store, is now available at Sundays, Bangsar Village II!

Sundays is owned by the Ms Read family who owns Ms Read (well known plus size clothes boutique), Plan B and Ben’s Independent Grocer. Helen Read’s daughter bought their products and was interested in putting their products at Sundays. It’s a big breakthrough for my wife and Jessica as their little startup is just a few months old. Sales have picked up quite a bit. The ladies worked 24/7 to get their products out!

My Thoughts

This handcraft business is quite interesting to me. It’s a tedious job. My wife and Jessica spent a lot of their them putting things together. I help them out sometimes by doing no-brainer jobs like gluing things together. I usually give up within an hour. I could be spending an hour making products worth RM100 (just a rough estimate). However, my time cost for my legal services is about RM700 an hour. Thus, the work didn’t really interest me.

Of course, I have no control over ThinkPartyThoughts’ business but it doesn’t stop me from wondering how can one scale this business to a multi million dollar business. My wife has a book that says handicraft business doesn’t make millions but I beg to differ. So long there is a demand, millions can be made.

I think the most effective way to do so is to outsource the production of the handicraft. It could be to housewives or even our local kampung folks. We could pay them for each piece that they product (e.g 1 – 5 cents per piece). With an endless (rather substantially) supply of ready to sell products, one can have increase their distribution chain.

It goes without saying that distribution chain must be wide. Other than local retailers, I think focus should be given to the foreign purchasers who want to purchase high quality handicraft at a lower price. ThinkPartyThoughts products are in essence “western” products thus it appeals to Westerners too.

Other than that, ThinkPartyThoughts can pivot by offering to their distribution network by selling products of other aspiring handicraft entrepreneurs. The former can charge a commission for each product sold.

Well, easier said than done. Nevertheless, I think following this method the business can flourish faster and easier.


ThinkPartyThoughts has really quite name cards!

Lastly, ThinkPartyThoughts will be at the Markets@JayaOne on 18 May 2013! Details are below!

Time: 11am – 6pm
Venue: Jaya One, Section 13, No.72A,
Jalan Universiti,
46200, Petaling Jaya,
Selangor

Think Party Thoughts!

My wife has also caught the entrepreneur bug. On 12.12.2012, she started a new business by the name “Think Party Thoughts“. It’s a boutique partyware shop.

Currently they operate through Facebook. According to their Facebook page:-

Description
Founded by two friends who share the love for planning & creating pretty parties.

Think Party Thoughts is a boutique partyware shop tailored for the busy but design conscious parents/siblings/friends who desire to put together the perfect party for their beloved ones without burning a hole in the wallet.

Put a smile on your beloved ones and guests’ faces today by dressing up your party effortlessly but beautifully with Think Party Thoughts’ partywares.

Think happy thoughts, think party thoughts. 🙂

General Information
At Think Party Thoughts, our aim is to process, package and courier your order as soon as possible.

Please place your order 7 days before your party date. Upon receiving your order and payment, your items will be packed and shipped within 7 business days via Pos Laju.

Payment is accepted via Maybank2U only (for now).

Please e-mail us at thinkpartythoughts@gmail.com with your order or enquiry.

You will recall that my wife did a social media themed party for me.

You can probably figure out what their products are used for. It’s quite popular overseas. If you check out western parties like birthdays or weddings, you’ll see quite a lot of these decorations. However, it’s still quite new in Malaysia.

Think Party Thoughts have other themes like:


Barnyard Animal. Notice that there’s no cat there? That’s because my wife’s partner has a phobia of cats.


Pink Lingerie. You can personalise the party poster with your guest of honor’s name and event details without extra charge


Pink Lingerie’s food toppers.


Other than that, you can also purchase party wares like Barber Pole Paper Straws.


Baker’s Twine

Please do me a favour by liking ThinkPartyThoughts’ Facebook page at https://www.facebook.com/ThinkPartyThoughts and tell your friends!