Do you know where to shop DIY? We'll be discussing customer demographics and the competitive landscape. Also, you'll find the top trends in DIY shopping. Whether you're a DIY novice or a seasoned pro, there are a few things you must know. Keep reading to learn more. To get started, check out these handy tips and tools. You will be glad that you did. Below are some our top picks.
Trends for DIY retailing
Although the DIY industry has experienced growth over recent years, this trend has stalled over recent months. In March, DIY retail sales declined by 8.7%, while spending on DIY shops, online and in bars and restaurants slowed down by 25%. However, this industry is projected to grow at a 4.0% annual rate, reaching US$96,935 million by 2024. It targets all age groups, from college students to seniors.
According to recent research, ecommerce will account for 28% of the DIY market in 2025. This will be 50% more than the UK. The industry is also gaining ground on the global market with ecommerce, averaging a ten percent growth rate over the next five years. According to Jonathan Jagard, Senior Manager, Ecommerce Insights at Edge by Ascential, ecommerce is a tremendous opportunity for brands with a high average price point that can offset the cost of fulfillment.
Customer demographics
You have probably noticed an increase in internet shopping. It might be time to examine the customer demographics for DIY online shopping. You've likely noticed that the younger generation has become the most frequent online shopper, while over-55s have become the fastest-growing demographic in the past five years. This is a significant shift from the old stereotype of older people being technophobes.
To better target your marketing efforts, you can use customer data to determine the products and services that your customers value. Your marketing strategy will be more effective if you know the demographics of your customer base. To create a brand that appeals to your customers, it is important to get to know them. It is possible to make your products or services more relevant to customers and increase your sales.
Competitive landscape
Online retailers are increasingly popular among DIY customers who purchase most of their tools and materials from them. Even though most DIY information is online, the in-store experience still plays an important role in helping people learn and understand how to complete projects. These strategies have been successful for big-box retail, but small businesses could also benefit. For DIY-oriented millennials who prefer to shop in stores than online, demonstrations in-store of high-quality products is essential.
Tools and supplies are becoming more in demand as DIY projects gain popularity. COVID-19 may cause financial problems for many consumers. McKinsey research revealed that 66% UK consumers anticipate the tax will have an impact on their finances for at most two months. In fact, 36% of consumers plan to cut their spending. However, this trend is also driving demand for DIY products and services.
Online shopping
DIY enthusiasts can shop online for everything they need, from a tool to a complete kit. Brick-and–mortar stores are limited by their retail agreements and lack of shelf space. In comparison, online shopping has no such constraints. You can find exactly what you're looking for from an assortment of sellers and brands - from big names in the DIY world, to smaller independent stores.
FAQ
Do I need to be a genius to succeed in woodworking?
No. Woodworking is not rocket science. It is possible to learn basic tools and techniques that will allow you to create beautiful art.
How can I tell what kind of wood I am working with?
Always verify the label on wood purchases. The label should contain information about the wood species, its moisture content, and whether it has been treated with preservatives.
What is the difference in a hobbyist and professional woodworker?
Hobbyists enjoy creating things out of wood. Professionals tend to focus on the quality. Hobbyists tend to take pride and share their creations with family and friends. Professionals will spend hours researching designs before they begin working on a project. Professionals will be meticulous about all aspects of their work, from selecting the right materials to finishing it.
Statistics
- Most woodworkers agree that lumber moisture needs to be under 10% for building furniture. (woodandshop.com)
- In 2014, there were just over 237,000 jobs for all woodworkers, with other wood product manufacturing employing 23 percent; wood kitchen cabinets and countertop manufacturing employing 21 percent. (theartcareerproject.com)
- Average lumber prices rose about 600 percent between April 2020 and May 2021. (familyhandyman.com)
- Woodworkers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $108,000. (zippia.com)
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How To
How to stain hardwood
The process of staining wood involves the application of chemicals to the wood's surface, which causes it to change its color. This chemical reaction changes the wood's color from white to brownish. The most common type of wood used for staining is oak, although many other types of wood can be stained.
There are many ways to stain wood surfaces. You can mix the stain with a solvent, such as turpentine, and spray it onto the wood. Other methods use a solution of water and dye applied directly to the wood. The stain can be mixed with paints and varnishes to become part of the final coating.
Preparing the surface is the most important step in staining wooden surfaces. You must clean the wood well to remove any grease or dirt that might interfere with the application of the stain. Sanding smoothens scratches and rough spots. Next, you need to decide which stain you want. There are two main kinds of stains available: non-penetrating stains and penetrating. Penetrating colors penetrate deeper into wood than those that are non-penetrating. This makes them more suitable for darker colors, such as mahogany. Non-penetrating stains work best with light colors like maple.
You will need to decide on the type of stain you want to use, and then prepare your tools. The best tool for applying stains is a paintbrush. It allows you to evenly distribute the liquid over the surface. It is a good idea to have rags on hand in case you need them to clean up any stains that may remain after you have finished painting. You should have enough containers to store the various components of the stain mixture if you intend to mix it yourself.
After you have prepared the materials, you can clean the area where you want to stain the wood. Use soap and warm water to remove dust and grime. Wipe the entire piece of furniture with a rag dampened with clean water. Take care to remove all debris and dirt, especially if you are planning on staining darker wood.
Next, apply the stain. Next, apply the stain to the furniture by starting at one end. You should work slowly and carefully. Continue moving along the grain until you reach your opposite end. Be careful not to let the stain drip off the wood's edge. Allow the stain to dry completely before you move on to the next step.
Apply a clear polyurethane sealant to protect the painted surface. Three coats are recommended for polyurethane. Allow the third coat, which should dry overnight, to dry before sanding.