For those who are love audio, I have the audio recording of the post below: 🙂
Can I make a living with a craft business? Is it just a hobby or can I make it into a business I can do from home? I love to do my crafts but can I make a living with it as the business? According to the Craft and Hobby Association press release in 2011, that 56% of U.S households crafted at least once during 2010 contributing to the 29.2 billion U.S. craft and hobby industry. There are people out there doing crafts and selling their crafts. According to the U.S. Bureau of Labor Statistics, the average median pay in 2012 for a craft or fine artist is $44,380 a year or $21.34 an hour. There were 51,400 craft and fine artist in 2012 in the U.S. who were self employed. It is possible to make a living as a crafter. But how?
Heather was a grandmother who loved making wreaths for Christmas and her family wedding celebrations. However, her grandchildren came first when spending money on them she would not buy supplies for her crafting. As her living costs went up, she thought she would have to sell off her crafting supplies. Before she decided to do that, she would splurge on making table wreaths for her granddaughter’s wedding. Well, ladies came up to her saying how amazing her wreaths were and could you make some for my daughter’s wedding. How much would they cost, her friend said. She took her name and she said would phone with the cost in a week. Well, she went home all in a tizzy wondering what were her costs and could this be a potential craft business to make more money! More about Heather next time.
Icraftopia.com has done this wonderful infographic detailing the potential of the craft market either selling crafts below. Can you see the potential? For more information on the potential of a craft or artist career, check out the Bureau of Labour Statistics facts on artists.