Do you want to know how to make money with craft hobby? I know many of you have a passion or craft interest that you have loved for many years.
I would like to consider these 7 top tips to help you how to make money with craft hobby. Isn’t it great to make money from your craft hobby?
I like weaving. I created a very intricate Fair Isle pattern using several needles at once so I think I was hooked!
But the sad thing is, I was distracted when I went to high school and found sports like netball and hockey. It’s a shame because I liked the intricate designs and sold some of them.
I have not found time for my creative passion for knitting and sewing and I sometimes regret not being able to pursue it.
So, I have put together these 7 steps to help you avoid making too many mistakes from inexperienced artisans when you start selling handmade items.
- Can you make money with craft hobby?
Here is a short test …
- Do you have any interests or hobbies that you are interested in?
- What time does it fly when you are working on your passion or interest?
- Are you good at handmade things?
- Do people often appreciate your passion?
- Can you make this day in and out?
- Can you teach others what you already know?
- Do you want to learn new crafts?
How can you?
If you answered yes to most questions, that’s great! Your hobby or interest is likely to start a homemade craft business.
At this point, you’ve probably been interested in your passion for years, right? Therefore, you already have a piece of deep knowledge about your passion.
But you jump into the unknown and tell your boss you’re leaving. Take it easy. Before starting a craft business you need to ask yourself a few questions.
- Do you want to do this?
If you want to know how to make money with craft hobby, you first need to know about logistics.
This means, how long does it take you to make your products and how much do you charge?
So, to help you, let’s take the example of a man who enjoys making beautiful handmade traditional quilts.
You have to ask, how long does it take to make just one quilt? She just needs to know exactly how many hours she spends on a quilt.
The thing is, when you start a craft business, remember, you carry customers and keep coming in cash flow, so your time is limited.
Therefore, it is important to understand how much time you can devote to your craft business so that you can make it profitable before you start, right?
- Do people buy your handmade items?
Let’s take after our example of those who love to make beautiful quilts. Quilts may be a great feature in your bedroom but are they popular with buyers?
Well, if they are unique and made by hand. Check out the handmade benefits from the DC Kit website. Newlyweds and Millennials maybe your market.
In these markets, people prefer more traditional items than ‘Made in China’ versions.
Remember, you should do market research before you start your business. Check out the online forums involved in the topic of your interest. In Tip # 5 we will look at places where you can gather market research.
- Do you have the training to help you learn the craft hobby?
You will find sites like Annie Craft Store and there are some great online courses for creatives and artisans who want to start a craft business.
You can find out what top experts have to say about video classes. Watch the video, pause, and watch again. See displays that can be easily closed.
- How to do market research for your craft passion?
So, if you are serious about making extra money with your craft passion, you need to make sure you have (or) have potential customers. Great way to do this:
- Watch craft shows regularly
- Check out forums or Facebook groups around your craft hobby
- Consult other people who are interested in your craft hobby
- Check sales and see how others are selling products like yours on the ETC and online markets
- How Can you make money with your craft hobby?
Well, true, it depends. Chances are so far, you can only indulge in your passion in your spare time.
After all, when you work only on your passion in your spare time, it’s hard to measure how much time you spend from start to finish.
Weaving-like crafts can also make you money as long as there is a market that wants what you offer.
Check out this article on the most popular knitting country from people at CreaCrafts.com
For a great example of how Emily turned her craft passion into business research, check out the How Knitting for Profit website and get even more inspired!
Remember that your time is money
As the old saying goes, “time is money”. This means how long it takes to complete each product that you charge from your customers.
Also, you need to keep an eye on the content and materials, marketing, and how much money you spend on anything you factor in.
You have to come up with a wholesale price (when making a real profit) and retail price. Do your statistics make sense?
- Where can you sell your handmade products?
Etsy ranked first for selling its handmade products. In 2018, the number of active sellers through ATC was 2.1 million.
The ATC site has 39.4 million active buyers who have purchased items through the platform.
2.1 million active sellers
39.4 Active Buyers
I have previously ordered some items from ETC sellers and love the way the online system works well.
You can set up your shop without any advanced technical skills.
Also, it is very easy for ATC employees to choose which category (and most sales) they want to get the best results from.