Pat Whatley
New Member
So, Signmaniac mentioned the future of the industry in a post earlier and it's had me thinking about where it's come from in 10 years and where it looks like its going. I'd like your thoughts on it, too.
-10 years ago I was getting single orders for 10 or more banners at least once a week. Today my bulk banner orders are about once a month. Five minutes on google will find them for less that $2 psf retail and that price is only going to drop. In 10 years I doubt I'll be doing any banners at all, there won't be any profit margin left in them.
-10 years ago 30% of our business was convention work. These days 10%. There are fewer conventions and less need for signs at them. Convention centers are installing television monitors on individual rooms so event signs aren't needed, just a power point file.
-In 10 years basic, bread and butter sign work will be hard to survive on. While the market for them is increasing so is the competition. Every office supply store and copy shop is in the sign business now. With the ease of subbing out work with overnight production it costs NOTHING for someone to go in the sign business. It's already happening in the printing industry. A huge print shop I deal with mentioned the other day their biggest competitor is a guy who works from home and subs everything. One guy is able to "out-produce" a company with 50 employees.
-Graphic design value is going to plummet for a majority of jobs. With the abundance of stock designs, talented designers willing to work for nothing "for exposure", design contests, and international designers working for less than a living wage in the US it's going to be hard to compete. The very talented will be able to find work from those people willing to pay the extra money for exceptional work but the vast majority of clients won't pay it and won't be able to see the difference.
-Local t-shirt printers will fall into two categories: Shops so big they don't want orders under 250 pieces or guys working from home part time. Most printed shirts will be ordered from overseas and shipped direct to you in days.
-Vehicle wraps will still break down like this: 60% suck, 30% are okay, 10% are actually effective
-Adobe will keep the Creative Cloud, everyone will adapt.
-EVERYONE will be in the "branding" industry.
It's not all doom and gloom, just how I see the market changing and things I'm thinking I need to consider. Any thoughts?
-10 years ago I was getting single orders for 10 or more banners at least once a week. Today my bulk banner orders are about once a month. Five minutes on google will find them for less that $2 psf retail and that price is only going to drop. In 10 years I doubt I'll be doing any banners at all, there won't be any profit margin left in them.
-10 years ago 30% of our business was convention work. These days 10%. There are fewer conventions and less need for signs at them. Convention centers are installing television monitors on individual rooms so event signs aren't needed, just a power point file.
-In 10 years basic, bread and butter sign work will be hard to survive on. While the market for them is increasing so is the competition. Every office supply store and copy shop is in the sign business now. With the ease of subbing out work with overnight production it costs NOTHING for someone to go in the sign business. It's already happening in the printing industry. A huge print shop I deal with mentioned the other day their biggest competitor is a guy who works from home and subs everything. One guy is able to "out-produce" a company with 50 employees.
-Graphic design value is going to plummet for a majority of jobs. With the abundance of stock designs, talented designers willing to work for nothing "for exposure", design contests, and international designers working for less than a living wage in the US it's going to be hard to compete. The very talented will be able to find work from those people willing to pay the extra money for exceptional work but the vast majority of clients won't pay it and won't be able to see the difference.
-Local t-shirt printers will fall into two categories: Shops so big they don't want orders under 250 pieces or guys working from home part time. Most printed shirts will be ordered from overseas and shipped direct to you in days.
-Vehicle wraps will still break down like this: 60% suck, 30% are okay, 10% are actually effective
-Adobe will keep the Creative Cloud, everyone will adapt.
-EVERYONE will be in the "branding" industry.
It's not all doom and gloom, just how I see the market changing and things I'm thinking I need to consider. Any thoughts?