It's still a great question even if it was a mistake.
Here are a few preliminary observations about customers after doing this about 5 years. Are these way off base? I’m interested in the old timer’s comments.
1. The best advertising is word of mouth from respected players. You want working professionals playing your instruments.
2. Other than those at the top of the food chain, most professional musicians/guitarists are poor and have difficulty paying for a $3-5000+ instrument. Discounted prices are frequently necessary if you want exposure among working musicians.
3. The typical buyer in that price range is an upper or upper middle class professional that loves guitars, has some disposable income, but is a living room player and does not give your instruments much exposure. They are frequently looking at the guitar more as an art object or collectable.
4. There are a lot of wacky types out there that will call you multiple times and agonize over every detail of a commission only to back out when deposit time rolls around. A big waste of time.
5. Commission building has it’s pluses in that you get to meet some really cool people and establish relationships that are of great value. Some negatives are the occasional difficult type customer, requests for appointments that do not reflect your taste, and the fact that you are limited in doing new stuff or designs that you want to try as your shop is tied up dealing with your waiting list.
6. Getting hooked up with a well-established dealer that is supportive, highly respected, has a large Internet presence, and selling through them looks better and better all the time. You can build what you want, you benefit from their marketing experience, and get expert critiques of what you are doing based on real-world retail knowledge. You can still do selected commissions.
Comments pro or con are welcomed.
Terry
http://www.kennedyguitars.com