What is faire

This is the term when a company reaches the billion-dollar valuation mark. Within just two years of commencing operations, Faire had joined the upper echelon with more than one billion dollars in valuation. CEO and co-founder Max Rhodes shared some interesting statistics about the company.

Faire has undergone yet another growth spurt. As of late in , the business had facilitated the sale of approximately fifteen million products. The daily sales average is a million dollars and this is an increase from the previous figures of a million a month. Currently, there are 7, brands represented to 50, stores and it seems that Faire is expanding monthly. Faire is a company that would no doubt make an excellent stock to invest in, but the company has not chosen to go the route of public trading.

There has not yet been a discussion or news release about going public just yet. Most companies file for an IPO when there is a serious need to raise funds. There is no reason for them to take the risk of decreasing the valuation of the company as this can easily happen when a company goes public. We learned that Faire has expanded its services to include Canadian retailers.

One of the founding members is a native of Canada. This gives Faire the status of an international operation, although Canada is a part of the North American continent. The headquarters is based in San Francisco, California, but an office has also opened in Ontario, Canada to help manage the business to Canadian retailers.

Faire is on the move and it is continuing to grow at a rapid pace. Now that Faire has opened up to Canada, there are high expectations for another huge surge in growth and expansion. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output.

Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. You must be logged in to post a comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.

Prev Article Next Article. It was formerly called Indigo Fair When Faire was founded it was first established under the business name Indigo Fair. If there was another option with better back office functions I would jump.

But for now I am hooked on the net 60 and all the vendors. I ordered from Faire for our hospital gift shop about 18 months ago- items that arrived were thrown into a gigantic box with no filler, so when we unpacked the items they looked like they had been thrown.

Not impressed, better to go through a sales rep who will have your back. If you want artisan items, contact the artist yourself. Hi Rhonda, I came across your feed. I am not sure what products you are looking for. But I am a wholesaler. Hi Rhonda, My company is launching on September 28, and provides wholesale buying to retailers.

We work with several artisans in Haiti who create handmade wall decor made from recycled steel drums. Thank you for this information! As a seller, it has given me so much to think about before jumping right in to something like a Faire. Black owned businesses is also racism. I am of mixed color and I do not purchase according to race. Why are you showing favoritism towards a persons race?

Lucky Break continually features and highlights the work of artisan brand owners across the spectrum of race, nationality, and creed. We always have, and we plan to continue that effort. This Instagram post from May 28, is one recent example of Lucky Break connecting readers to brands owned by women of color, indigenous women, and Asian women, too.

There are plenty of business consultants who stay safely in their comfort zone, and they might be more your cup of tea. If so, I wish you well in your search for a business mentor that meets your needs. Tried Faire as a retailer buying through their site. First order: totally messed up. Second order: never received. Tried contacting the vendor, tried contacting Faire. As a buyer, I see absolutely no benefit to this type of platform as it is a 3rd party inserting themselves into my workload.

I want certain things from a vendor and I want direct answers, if a vendor has their act together for wholesale, regardless of their size, they will be able to deal with me direct.

When I make the choice to buy from local Indy artists, it is also to benefit them, so them loosing money on the deal is not cool, I want to deal direct. One can research on Etsy, through local street fairs, festivals and art shows, etc. Show off those people that are more local to you. Faire already had to go through reconstruction once, they are not the only vendor to approach this type of business and other businesses did not go about it in such a predatory manner.

As a buyer for a larger company, I felt like this platform gave the vendors a bad name. When they rebranded they ended up spamming our company across the board with no research as to who they should be contacting and when I finally got someone to answer my contact attempts, they basically blamed the artists. Shady and unprofessional. Faire is completely UNfaire.

This is a great platform to expose your brand to a large volume of independent buyers in just a few clicks - and with 2. Retailers - Faire work with , independent retailers across the U. Faire retailers predominantly have 1 to 2 locations. In large part they leverage Faire for the convenience of ordering from thousands of brands all in one place, net 60 payment terms, free returns on opening orders, and certain freight caps. Brands - Most of Faire's 13, brands are small businesses, carried primarily by boutique independent retailers.

They represent entrepreneurs across all 50 states in the U. Faire brands are primarily female-owned and represent a broad range of product categories and price ranges. We also use a ranking and recommendations algorithm that surfaces brands to retailers browsing Faire, based on what they would most likely be interested in selling in their stores.

Wholesale In a Box is about a community. It encourages you to network, explain who you are, and build relationships. I think it's possible for them to work together and supplement each other well. To me, connection is important, and Wholesale In a Box allows me to have connection to the stores I'd like to see my work in. Wholesale In a Box is our comprehensive course on growing wholesale, for makers. It is a self-paced training includes everything you need to grow wholesale efficiently, effectively, and in your control.

We teach a method that helps makers take wholesale outreach into their own hands, through a balance of direct outreach to new shops, cultivating relationships with your current stockists, and using the marketplaces like Faire wisely. One big section of our course is all about finding sustainable success on the marketplaces, considering their unique algorithms, guidelines, and terms of service.

As of , many of the makers we work with through Wholesale In a Box also work with one or more marketplaces, Faire included. I have so much respect for the balanced, wise, grounded approach that these makers have when it comes to growing their businesses. And I hope that you find the right mix of tools to help you grow in just the way you want to, so you can do the work that you love now, and in the future.

Faire is a new tool, and it can be powerful. That may mean using several wholesale platforms and tools simultaneously, and strategically. Let us know if you have other questions about Faire or Wholesale In a Box!

Looking for even more resources about Faire, Tundra, Abound, and the other wholesale marketplaces for makers? Here are some that might be helpful:. Need a helping hand? Feel free to reach out at [email protected]. Emily Kerr-Finell. What is Faire and how does it work? How does Faire work for makers? What do makers say about Faire? Dani from Dani Barbe Many of the stores were ordering in December, some a week before Christmas, so it was definitely a different wholesale experience than I'm accustomed to.

Theresa from Boss Dotty Paper I think there are a lot of pros to working with Faire, but I'd say the biggest one is the exposure to lots of different buyers — and types of buyers — than you might come across otherwise. Stacey from Mineral and Matter Most orders are small or only meet my minimum I do have a lot that are larger though or reorder regularly.

Their platform works well and has a lot of features. Cons of using Faire: Commission rates are quite high and are charged on every wholesale order, for every store, for the lifetime of that store relationship.