nz made facebook page
nz made facebook page

BusinessJune 4, 2020

The practical and peculiar creations on the NZ Made Products Facebook page

nz made facebook page
nz made facebook page

With half a million members, the New Zealand Made Products Facebook group has become a national phenomenon, thrusting small-time businesses into the national gaze. But what makes a post stand out among thousands of others? 

When scrolling through the seemingly endless visual extravaganza that is the New Zealand Made Products Facebook page, you’re likely to be struck by a single recurring thought – there are many, many exceptionally talented people in this country.

Set up in the midst of the Covid-19 lockdown as a simple way for homegrown businesses to market their goods and services, the Facebook page has grown into a massive 490,000-member online market and curiosity shop – a place where you’ll spend hours lost in a vast array of whimsical creations from New Zealand inventors, artists and entrepreneurs of every stripe.

Featuring everything from swamp kauri jewellery boxes to scrap metal animal sculptures to rustic high-country cabins, the page has provided massive exposure for many boutique businesses, some of which have gone from relying solely on small-time trade at local farmers markets before Covid-19, to seeing an explosion in online sales and enquiries in a matter of weeks.

With over 200 businesses posting their wares every day, the page certainly makes for a bustling and diverse market. However, according to founder of the group Sarah Colcord, it doesn’t matter what kind of product is listed. The success of a post comes down to one thing: presentation.

“We’re very visual,” she told The Spinoff. “A lot of these businesses have had to learn fast how to present themselves really well and essentially hack marketing 101 overnight.”

Any New Zealand business can post on the group, provided they include a photo, a caption and contact details. Despite the criteria being displayed at the top of the page, many members still tend to forget or miss it, meaning that of the 7,500 pending posts, only 30% will be approved.

“It’s a lot to ask of people,” said Colcord. “It’s a really challenging time and they might not have any social media experience but the reality is if I approve your post that doesn’t have a photo or caption your post will get zero likes or zero engagements.

“Thinking about the caption or the photo, not just if it’s hi-res but what’s in it – that’s going to get the exposure that you need during this time.”

Although there is a six-day wait time for a post to be approved, Colcord said that from the experience and testimony of member businesses the wait is well worth it. “Once your post gets approved there’s a big impact.”

But what are the best posts on the page? It turns out it’s impossible to rank them. There are far too many, each one unique and impressive, usually accompanied by a small story about the business and the creator. However, to capture the true colour of the group, we’ve compiled a small sample of what’s on offer. Included are the most popular posts by likes, a few of Sarah Colcord’s personal favourites, and some of the more eccentric ones that embody the immense creativity of people making a living, doing what they love.

Doughboats

A husband and wife business in Tāupo, Doughboats has 19k likes, more than any other on the page. Equipped with lights, speakers and heaters, the battery-powered Doughboats can be rented for spins around the shore of New Zealand’s largest lake. BYO drinks and food.

The Rona Collection – Apt Creative

According to the post, the builder first created these raised and covered garden beds for his wife without any intention of selling them. However, when she discreetly posted them on the page, it precipitated a wave of orders and created a business where there was none. This is the second-most popular post with 16k likes.

Sweet Little Treat – Cakes by Karin

Yes, that is an actual Heisenberg cake and a baby orangutan holding a kitten.

Te reo wrapping paper – Māu Designz

Wrapping paper with te reo Māori designs, made by a 13-year-old business genius and aspiring table tennis player.

Kiwi icon moulds – Kelly Vize Workshop

They’re (probably) not edible, but these iconic biscuit and lolly key rings and magnets temporarily sold out after they were first posted on the NZ Made Products page.

Birds in uniform – Bonnie Fraser

Because who doesn’t love birds, especially when they’re wearing little coats, ties and goggles?

EnviroMate 100TM – Automated bait station

The ultimate in pest eradication, this retro robot killing machine automatically feeds pests fresh dry lure in small amounts for 21 days, lulling all the critters into a false sense of security, then switching the bait to poison.

 

Outdoor digger bucket fire 

The epitome of upcycling, these outdoor digger bucket fires are made to order by a dad in North Canterbury.

Alpine Cubes – Lake Ohau

A boutique cabin with an outdoor bath under a dark sky reserve in a high country station.

The Urbin

Made in Muriwai in west Auckland, these urban compost bins are made out upcycled washing machine drums and plywood, and spin to mix the fresh scraps in with the mulchy goodness. Because rats love to live in compost bins, the Urbin also features a built-in rat trap to catch the invader and deposit it in the pile of hungry microorganisms. According to the post, when you empty the bin a week later “there will be nothing left but rich humus”.

Keep going!
What fund should I be in now? (Getty Images).
What fund should I be in now? (Getty Images).

BusinessJune 3, 2020

My KiwiSaver is disappearing! Am I in the right fund?

What fund should I be in now? (Getty Images).
What fund should I be in now? (Getty Images).

In the third part of our series with Kiwibank answering your questions about Covid-19’s impact on New Zealanders’ finances, two readers at different ends of their saving journeys ask what to do with their KiwiSaver account. Melissa Vasta, Kiwi Wealth GM retail and product, responds.

Hi Melissa, 

My KiwiSaver ‘growth’ fund has been pummeled in the last month, and I’m pretty freaked out. Should I swap it to a more conservative fund to minimise any further losses or should I not touch it and wait for things to improve? I’m in my late 30s.

Thanks,

Freaked Out

 

Kia ora Freaked Out,

As a general rule, the time frame of the investment is the most important consideration when you’re choosing a KiwiSaver fund, so the main question is how long it will be until you’re likely to retire or withdraw from your KiwiSaver account to buy your first home.

If you’ve got more than 20 years until retirement and aren’t planning on making a first home withdrawal, you should generally be in a growth fund. There are a few exceptions though – one of them being that if you get particularly nervous every time the market drops then your tolerance for risk might be too low to be in that type of fund.

The key thing is for you to be in the right fund for your age and stage in life. And once you’re in a fund that you’re comfortable with, sit tight and hold on when the market moves. It does pay to reassess every few years, but where it can go wrong for people is if they move their money around too often in reaction to a fluctuating market, suffering the losses on the way down but not sufficiently benefitting from the rebound.

Remember there was a big upswing in the markets before Covid-19, so while we’re certainly down from the heights of a few months ago, on balance it hasn’t been as bad as it looks right now. Over the long term, markets tend to return – that’s what has happened throughout history, though you can’t guarantee they will again. People always adjust to the new normal of increases: when the market goes up, they tend to think of the new dollar value as their total savings and don’t factor in the chances of the market going down again. 

Having said all that, as a very broad rule people should be in a growth fund unless they have plans to retire or make a first home withdrawal in the next few years. If that’s your situation, it might pay to look at a more conservative fund to minimise any potential losses in the future – but be aware that if you switch while markets are down you will lock in any losses you’ve already experienced. If the market bounces back, you won’t benefit from that recovery as much as you might have if you had stayed in a growth fund. 

I recommend you spend some time on our Risk Profiler tool to help you figure out which fund you should be in. It will ask you some simple questions to help you understand your appetite for risk and to see how various outcomes could impact your savings in actual dollar amounts rather than percentages.

There’s no right answer for everyone, but if you can understand more about your appetite for risk, you can find a fund that will suit where you are in life, when you plan on accessing your investment, and what impact further losses would have on your financial plans.

Good luck!

Melissa

The global economy was left reeling by Covid-19 (Photo: Getty Images)

Kia ora Melissa,

I have four years to go until I retire and have my KiwiSaver account in a conservative fund. Should I move my funds to a higher risk fund to take advantage of bargains in the share market? Or should I leave it in the conservative fund to prevent any major losses at this time?

Yours,

Nearly Retired

Kia ora Nearly Retired,

As with my advice to Freaked Out, it’s key to look at your appetite for risk. If you’re in a conservative fund and see that the markets have dropped considerably, the reality remains that you only have four years until you retire so you have less time to recover from further losses if the market plateaus or continues to fall. So it really depends how quickly after retirement you plan on using your KiwiSaver funds. If you have other savings or income and you could leave your KiwiSaver funds in there for another 10-15 years, you may want to think about less conservative funds if you have the appetite for that risk. Have a look at our Future You tool, which will project what your balance would be in different time frames and funds. You can compare those projections with your savings goals and make sure whatever fund you’re in is a conscious decision, recognising the impacts of whatever risks you might be willing to take.

You say “take advantage of bargains in the share market” which assumes a level of knowledge about the market being correctly valued prior to any dip as opposed to potentially being inflated prior and correcting itself. For this reason, seeing stocks as “on sale” can be an optimistic way of looking at things, while still potentially advantageous if you’re working with disposable income. Certainly, if you’ve got money to invest that you’re not necessarily reliant on, you might see a market drop as an opportunity – but for a lot of people, the reality doesn’t work like that. If you transition to a growth fund now because of the bargains in the market and we see another drop in a year’s time, how comfortable would you feel at that point? 

Since you’re so close to retirement, you should seek advice from a financial adviser if you have access to one. Your KiwiSaver account is just one piece in the puzzle and it’s important that all the pieces align with your retirement plan. 

Congratulations in four years’ time!

Melissa


Please be advised that our response is based on information you have provided but there may be other things that we don’t know about your situation that would be relevant to the answers provided and would change the outcome. You should speak to a financial adviser before making any decisions or a budgeting service.

Information provided by Kiwibank and Kiwi Wealth is limited to providing a general response to the specific question and is based on the limited information provided. It does not take into account any additional financial information or possible financial solutions available. This shouldn’t be relied on as the sole basis for any financial decisions. For information and assistance for your specific situation, you should call a financial adviser. Kiwibank is a Qualifying Financial Entity (QFE) under the Financial Advisers Act 2008. For a full copy of Kiwibank’s QFE disclosure, please view this link for more information.  Kiwibank and Kiwi Wealth are related entities. Kiwi Wealth Limited is the issuer of the Kiwi Wealth KiwiSaver Scheme. The Product Disclosure Statement for the scheme can be located at kiwibank.co.nz. Kiwibank is only a distributor of the Scheme.