Starting a craft business might be easier than you might think. All you need is a little bit of passion and creativity, as well as the right tools for the job. With crafters setting up stores on the likes of Etsy and eBay, there is no reason why you can’t join the professional craft businesses both off and online. We’re therefore looking at the four craft businesses you should consider.
If you have a flair for fashion and an eye for detail, you should consider launching a jewelry business. All you need are the jewellery materials, and as little as $500 could be enough to get your business up and running. The amount you earn will be dependent on the style and quality of your jewelry, and how well you market the growing company.
Everyone wants to present their loved ones with a unique card to celebrate a variety of occasions, from birthdays to graduations. You can make your own printable card designs with the help of Adobe Spark, which offers endless customization options to make an array of stunning styles. By investing in the right tools and high-quality paper, you can create a unique card company that your customers will return to time and again.
3D printing might be in its infancy, but it is one business that could generate a considerable amount of money. With 3D printers ranging from as little as $250 to several thousand dollars, you can start printing virtually any item for your customers. While you may have to buy various patterns and materials, there are also some free options that could help your business enjoy a healthy ROI. Print anything from toys, games, jewelry or a customized product for a customer. With the right marketing campaign, you could earn up to six figures or more.
Fashionistas don’t like to follow trends, they aim to set them. A fashion design business could, therefore, be the perfect option if you love creating unique styles. You could even choose to specialize in women’s fashion, male clothing or children’s clothes.
There are various fashion avenues for you to go down, including knitting, sewing, crocheting, quilt making and more. All you need to start a fashion business is some high-quality fabric, before creating amazing looks that you can market online. The income you can generate will depend on your fashion niche, skill level, eye for style and marketing campaign.
There are many ways you can turn a hobby into a rewarding business. The income potential will, however, be determined by the quality of the crafts you produce, customer demand and your marketing talents. While there is a potential to earn a six-figure profit, the lower end of the scale could provide $10,000-20,000, which is a healthy return if you are working part-time at home.
Research the industry and demand to identify a niche market to help grow your craft business. Don’t forget to research your competitors to find out what they are doing right or wrong, so you can learn from their success or failures.