Start a Craft Business from Home
Can You Make Money if you start a Craft Business? If You’re Artistic, Creative, and Enjoy Using Your Hands…Then YES is the Answer
Start your own craft business and you’ll enjoy more profits than you realize…while doing something you love.
The fact is, the craft business is for real and there’s money being made by everyday people using their hands to create products that are in demand, no matter where you live.
In fact, according to the Craft Organization Directors Association, there are 106,000 to 126,000 craftspeople working in the United States today and the average gross sales/revenue per craftsperson is $76,025. (Note: this figure is a couple years old, so it has at least grown upwards at this point.)
If you are not familiar with the craft industry, you’ll be surprised to see some of the statistics.
The Craft Organization Directors Association (CODA) reported the American Craft Industry to be a $14 billion per year industry.
More interesting craft business statistics you should know before you start your own craft business:
The total impact of craft sales is $12.3 to $13.8 billion per year. This is one-third the volume of shoes purchased in the US and four times the value of taxicab rides.
Income from craft activities comprises 47% of household income on average. 22% of craft households derive all of their income from craft.
Direct retail accounts for 52.9% of annual sales, just over one-half at craft fairs.
The average craftsperson derives 27% of annual sales from wholesale and 11.2% from consignment to galleries.
Craftspeople that have paid employees have three times the household income and ten times the sales/revenue of those that work alone.
Who is part of the craft industry?
64% of craftspeople are female.
41% are between the ages of 46 and 55.
The median age is 49.
79% of craftspeople work in a studio located on or in their residential property.
78% are members of a craft organization.
64% work alone in a studio, 18% work with a partner or family member, and 16% work with paid employees.
You create your crafts from your home and sell them in bulk to local flower shops to sell – or sell them direct on your own through advertising and catalog, internet sales or fairs.
If you have a knack for being creative and putting together a masterpiece made of various materials, craft making can be a very profitable business for you.
Valuable skills/Requirements
Being creative and a love of crafts and gifts. You can find local craft workshops in your local newspaper where you’ll be able to develop the skills to start creating crafts that will make you a lot of money!
For the most part, anybody can succeed in the craft business if you have the knack.
How much you can make in the craft business
This is what’s so surprising. There is money to be made in this business. It’s no joke.
According to the Craft Organization Directors Association, the median household income of craftspeople is $50,000 per year, 26% above the national median of $39,657 and Craftspeople that have paid employees have three times the household income and ten times the sales/revenue of those that work alone.
Startup Costs
The costs of your particular craft business will depend on what type of crafts you’re best suited for. Some people created wood products, which require more tools and material cost are often hire. Others enjoy crafts with dried flowers, fruits and vegetables – which would take a little less money starting up.