If you are a “crafty” person and enjoy making handmade items, you may have pondered the idea of turning your crafting hobby into a business. However, it may have seemed like a daunting task so that idea may never have turned into a reality for you. There are several simple steps that crafters can take to start to utilize their hobby to earn extra money. The majority of people won’t find overnight success when starting this process. That factor shouldn’t hinder you from making a concerted effort to try to turn your crafting hobby into a business. This article will provide some helpful tips.
See also: How to Make Money Making Greeting Cards
Getting Started on the Process
Kelly Rand wrote the book Handmade to Sell, which is a crafter’s guide on “owning, running and growing their craft business”. In her book, she provides helpful advice to crafters with an entrepreneurial spirit. One of her terms which she coined is creating a “handmade business”. I love that term. It perfectly captures the essence of what your crafting business is all about—working with your hands and creating unique items.
1. Evaluate the Situation
The first step in this process is to evaluate the situation and measure where your perspective lies with regard to goals and how you plan to achieve them. It is also vital that you evaluate how much you want to turn your crafting hobby into a business. If this is only a fleeting thought, you might need to step back for a time of further reflection before jumping in headlong. Your current job situation and personal life will play a role in the decision-making process. Be honest with yourself when evaluating your situation.
2. Set Realistic Goals
Setting goals is a vital factor with regard to accomplishing anything worthwhile, regardless of whether or not it pertains to your personal or professional life. Utilize an online goal-tracking system or write down your goals in a journal. You must set immediate, short-term and long-term goals. While you begin setting goals, consider asking a trusted friend or family member to act as an accountability partner to help you stay accountable to accomplishing your goals.
3. Make a Game Plan
After evaluating the situation and setting realistic goals, you should make a game plan and implement it into your daily routine. Of course, this is a hobby that is turning into a business, so you don’t need to create the ultimate professional business plan. However, you need to take the time to review your goals and make a list of priorities for how you intend to achieve those goals. Your game plan should be detailed and specific to your current situation. From day to day, your circumstances may change, so your plan must be fluid and able to adjust with the changing factors in your personal and professional life. One excellent avenue for crafters to sell their crafts online from is the well-known site Etsy.
4. Be Organized and Prepared
Starting a business takes diligence, hard work and a desire to succeed no matter what the cost or obstacles that come your way. In order to successfully turn your crafting hobby into a business, you need to be organized and prepared. There are several different types of tasks that you will need to handle in the beginning of the journey—production of product, administration, marketing, business operations and financial planning. Unless you have the money in your budget to hire an assistant, you will be handling these tasks yourself. So be prepared to work in an organized fashion.
5. Research Your Options
Do your due diligence to research your options before proceeding with making any major business plan decisions. Check with the Small Business Administration or your local SCORE office to obtain business resources as well as individualized counsel from a SCORE counselor. Read various books on the subject, such as Handmade to Sell by Kelly Rand, as mentioned in the beginning of the article. Join business networking communities on Google+ or groups on LinkedIn to find out what other business owners and newbies are doing to turn their hobbies into businesses.
6. Don’t Forget Your Passion
Throughout this process, you will experience some bumps in the road and obstacles that will arise. However, hold on to your passion for the craft. Don’t allow the hurdles you face to challenge your passion for what you love to do. Always remember to have fun during the journey. Remind yourself that this business journey started out as a fun hubby that you enjoyed doing. Don’t lose that joy and love of your craft while you build your future.
See also: How a Creative Hobby Helps Your Career
If you have a crafting hobby that you love and want to turn it into a business, remember to follow the six steps outlined in this article. In order to succeed, you need to have a plan which is specific to your current situation. Have you ever turned a crafting hobby into a business or have a desire to do so? We’d love to hear your comments on the subject.