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Making Money from Your Crafts

Many of us dream of making money from home. Some of us want to start our own online business, turning a profit and making a success of our companies on our own. Others, just want to be able to make a little extra pocket money as a second income. Either way, if you are looking for ideas of how you can make money from home, the first thing that you should do is think about what you are good at and what you enjoy doing. If you enjoy crafting and making things for yourself, do you think others would be willing to pay for either your products or services? If you think they would, it’s worth looking into. After all, what could be better than making money from your crafts? Especially if you are already making them as a hobby anyway. If this is something that sounds interesting to you, here are some things that you should consider.

Photo Credit – https://pixabay.com/en/wood-working-plane-carpentry-wood-2385634/

Register as Self-Employed

People often fail to realise that you need to register as self-employed and declare your income as soon as you make any money from home. Even if you are only making a small amount and you are employed in another job. You can wait until you start earning, but it’s always a good idea to do it beforehand so that you are prepared.

Get the Right Equipment

When you are crafting at home for your own pleasure, you don’t need expensive equipment, materials or supplies. You can make do with what you’ve got. But, if you want to start selling these products, you may want to start making some investments that allow you to create high-quality products that will please your customers and help you to build a reputation. Think about what materials you need to make your product to the best possible standard. If you hope to turn your crafting into a productive and profitable business, you may also want to invest in some equipment such as commercial cnc milling machines to help you do a good job, quickly.

Insurance

If you are selling to the public or having any contact with them, you’ll need liability insurance to protect yourself and your business if anything goes wrong. You may also need business insurance or at least to add the value of your equipment and supplies to your home insurance policy. You may also need a business licence, the appropriate registration and certification and health and safety certificates, depending on your business and situation. Make sure you do your research before you start as mistakes can be costly.

A Platform

If you want to make money, you need a platform to sell. You could start with things like eBay, Facebook marketplace and Gumtree. If this goes well, you could open an Etsy shop, start your own ecommerce website or sell to other businesses. It’s also worth trying to sell offline, at craft shows and fairs.

Marketing

Once you’ve decided what you are selling and where you are doing it and you’ve dealt with any legalities, you need to start letting people know. Tell everyone you know, advertise on social media and start showing yourself off.