Discover How to Turn Your Art or Craft Into Ca$h! 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…there's money being made by people like you, using their hands to create products that are in demand, no matter where you live.
In fact, according to the Craft Organization Directors Association, in the United States alone, the quilt trade is comprised of 27.7 million quiltmakers, and it is a $3.3 billion industry. 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 ….. The total direct impact from the sale of American craft was found to be $14 billion in 2000. This is one-third the volume of shoes purchased in the US and four times the value of taxicab rides. More interesting craft business statistics you should know before you start your own craft business: - 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.
- 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
Be creative and passionate about 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! Not anybody can succeed in the craft business; Do you have the knack and business sense How much you can make in the craft business
This is what's so surprising. There is money to be made in this business. 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 choose. Some people created wood products, which require more tools and material cost are often higher. Others enjoy crafts with dried flowers, fruits and vegetables – which would take a little less to start up.
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Craft business 
