Well - that was my weak version of Queen's "Another One Bites the Dust" - which is a great song and I am deciding between that one and "I'm Still Standing" as my team mantra for this quarter!
I have been receiving quite a few emails from Stagers in various areas - not just my region - that are going "out of business." We are getting emails to buy up inventory, as these Stagers decide to pack up, cut their losses and move on. This can lead to some pretty good deals for those that are sticking around. . . but it makes me wonder about the WHY. Was their dream not big enough? Did they expect success too soon and not have a plan for beyond 1-2 years?
And I say - with sincerity - good riddance. Some of these Stagers I really liked - so it's nothing personal. It's just that when the going gets tough, the not-so-tough pack up and leave. And that leaves the tough to ride out the market and make more money. I am OK with that.
I do feel sorry for some of them - some that over-invested too soon, to the tune of I have to say about $100K - without the business to support it - I just cringe inside. I KNOW they were not taught that in any course they took - but impulse takes over and in anticipation of the big bucks they would earn - they bought and spent and got things like a truck, t-shirts, storage, furniture, and a ton of accessories - placed an ad on TV - and did not have a job yet! What? What were they thinking? It took me 2 years before I did anything exhorbitant like that!
For others that got injured on the job - I know mostly it was because they undercut their competition, did not have enough help on jobs, and strained their backs or ruptured discs. On one hand I want to say, "I'm really sorry about your back," and under my breath I am saying, "Serves you right - Cheapo!" Does that make me mean? These are the same Stagers that "beat" our price for Staging or maybe they beat your price if they are in your market. I want to empathize, but I am sort of secretly happy they are leaving. It makes my job a lot easier when I don't have to account for the cheapos in the market. Forgive me - but maybe those of you that are in an honest mood will fess up to your secret glee streak too! :-)
And I am not a mean person - so I don't know where these thoughts come from except to think that "what comes around goes around" - and a person cannot continue to operate at a loss and stay in business, or operate a business without help - and not get injured. Those are 2 truths that are part of Staging.
So - another one bites the dust . . . I think we will see a steady shake-down of the Staging industry with the demise of the real estate market - unless Stagers are able to reinvent themselves and find another niche market. Those that have developed relationships and have set up their business for success with proper pricing, will stick around. If we are not in this for the long haul, we will be singing that familiar tune . . . "Dant, Dant, Dant . . . " For the rest of us - hunker down, smile, and stick with the long-term plan we started with!