Learn how to start your own crafting business!
March 16, 2022 at 11:35:06 PM
Step 1: Identify your niche.
As a creative, you know that there is a world of possibilities out there. Your crafting skills can likely translate to a lot of different products, but when starting a crafting business, choosing a niche market is important.
Step 2: Write a business plan.
If you like the process of crafting, you probably also enjoy planning. Just like you plan the perfect craft, you need to plan how to make your business succeed.
Step 3: Select a business entity.
Your business plan will also force you to decide how you’ll structure your business. Whether you are a solo entrepreneur or have a trusty team at your disposal, you’ll need to decide on the legal structure of your business.
Step 4: Define your products and services.
If you're a new craft seller, you may want to begin selling smaller crafts, such as jewelry, mugs, stickers, etc., because you won't have to pay large fees to ship the products.
Step 5: Get the proper licenses, permits, and insurance.
Are you ready to roll up your sleeves and do some paperwork? Even if it’s not your favorite activity, it is vital when learning how to start a craft business. You’ll need to make sure you have any required licenses, permits, and insurance to start your craft business legally.
Step 6: Decide where to sell your crafts.
You know what you want to sell, but where are you going to sell your goods? A local arts and crafts fair or a farmers market may be a low-key way to test the waters and get customer feedback. Or you can start by selling your products in local boutiques and consignment shops before opening your own storefront.
Cited Sources:
How to Start a Craft Business - NerdWallet
