Joe,
I'll second suggesting you call Missy....with one change, give her a call and talk about your advertising thoiughts, sooner-that later, your resources to create camera ready pics/ads, how often you would want to change the ad or to go to color and back to B&W..
I went with BLADE monthly for several years. I used B&W and probably should have gone smaller, or in color at least occasionally.
There were several sales directly from the ads, and there were sales as the ads were mentioned when clients stopped by my table at a show or called...or e-mailed....and it appeared that the Dealers who carried my knives were more successful as I advertised in BLADE.
I still keep the URL entry in BLADE. It lets folks know you are "alive and kicking".
For the "collectable" knife, I think advertising is a benefit.
For the Collectable/Using Slipjoint that I make mostly now, the cost of a Dealer handling my knives is worth their percentage....Also the advice I have received from the dealers with whom I work is of great value to me.
Also, being happy being a bit of a stay-at-home knifemaker, the Dealers are good to get my knives exposure and sales on the internet and at shows I don't attend....and in international markets to which I have less exposure than they can provide.....
Advertising does pay, but it also has a cost....It is a fine way to market, but don't limit yourself to ads....do some shows. Unless you are an ornary guy, and you don't sound at all like that on the forums, clients like to see you at shows... and its fun to see them and talk with them also...
You got 2 cents worth from a long-winded old knifemaker, retired marketing person, who still doesn't always figure the right answer to the marketing/sales
part of this crazy, wonderful craft!