Wednesday, September 18, 2013

Starting your crafty business. Part 1 - So, you want to start a crafty business?

So, you've amassed a pile of whatever your crafty madness is...jewelry, collage, afghans...whatever your awesome creativity has spawned and you have that moment, the one where you think "whatever am I going o do with all these?" Everyone you know has one; you even gave one to that person don the street, you know, the one everyone sees but no one knows. Yeah, that one. Now what? Then you get the bright idea (or, in my case, some one says) "you should sell these!" Okay! Hmmm... Okay? How do I do that? 

Decisions, decisions. Online shop? Craft fair? Consignment? Wholesale to that little shop? All of the above? How do you choose?  Well, there is a lot to think about before you decide which way to go with your new crafty busines. Yes, business. The first time you take money for your creation you are leaving the world of crafty hobby and move over to crafty business. You're gonna need to decide if its just a little hobby business that is just a means to buy more crafting supplies, or will it become your sole income. Either way, you're gonna need some stuff. First and forwmost, if you are planning on selling anywhere outside of the occasional one-off with the gal in the cubicle down the hall, you are going o need a sellers permit. Here in California, they're free.  You've got to have one if you are going o sell at craft fairs or to that little boutique. You don't need one if you are going to consign (the consignment shop will have one though).  The cool bonus of your sellers permit is that you can now purchase your supplies wholesale!  Also, depending on your local laws and regulations, you may need a business license, check with your city or county. That will cost you money annually, but for a tiny home-based crafty business it will be nominal.

Does it seem like too much? Yes? Turn back now! No? Alright then, lets go! 

You need to decide how you want to get your stuff out there. I'll leave you with this until next time; how do you want to sell your craft? You'll need to decide that, so you can figure out your prices. No matter what, you don't want to lose money on this endeavor, so you really need to decide that question first. 

So, come back next Wednesday for Part 2 - Okay, I've decided how I want to sell it, how do I price it? 
 




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