If you think you might want to start your own craft business, there are plenty of reasons why working from home at your craft business can be a great opportunity.
Flexibility
Unless you commit to opening a retail store that requires fixed work hours to sell your crafts, you’ll have enormous flexibility in your work hours when you are selling crafts. If you’re not working at a ‘day job’ while you’re launching your craft business, you’ll be available during the day for family. A home craft business can be a good solution if you want to spend more time with your family but need or want to make some income and stay active in the business world.
Work to Your Strengths
You get to structure your own working conditions. If you are more focused in the afternoon and evening, you can chose to work at those times. As long as you’re meeting your customers’ needs, you can work in the way that works best for you.
Money
As an employee, you are limited by the wage your employer is willing to pay and the going rate for your particular field of work. As a business owner, you are only limited by the brains and motivation that you put into building your business. When you start your own craft business, the more effort and smart planning you put into your business, the more you benefit directly from your own work.
Responsibility
It’s your business. There’s no boss hanging over your shoulder, causing you stress or undermining your bright ideas. If you think a project is a great idea, you get to make it happen. You get to build something from the ground up that is your own and a reflection of your values. Any business success is always your success.
Making Money Doing Something you Love
If you are creatively inclined, then making money with art can be a very rewarding benefit of starting your own craft business. When you get to do what you love, it doesn’t feel like work.
No Commute!
As someone who used to waste 10 hours and $70.00 per week on gas commuting to work (this was when gas prices were about half what they are now), I still love the feeling of rolling out of bed and ‘commuting’ about 25 feet to my home office and studio.
$70.00 per week in gas is a $3500.00 per year expense just to get to work. 10 hours per week traveling to work adds up to 500 hours - almost 21 days - per year that I now get to spend with my family instead of sitting in traffic.
Part Time Flexibility
You can start your own craft business on a part time basis. Unlike some other types of businesses, you don’t have to jump into it full time right away. If you’re not ready to or interested in giving up your day job, or if you have other responsibilities that require a lot of your time, you can grow a craft business in a way that meets your other personal, financial and career needs and goals.
Relatively Low Costs
Compared with a business that requires a formal retail or office space outside of your home, the amount of money required to sell crafts can be relatively low. You’ll need to be very careful and strategic about where you spend your money and the nature of your product if you need to operate on a shoestring, but it is possible to launch a craft business on a budget.
Limited Child Care Expenses
Working from home allows you to limit your child care expenses. Although I still have child care needs, I was able to take my son out of dull time formal daycare when I started to work from home. That decision saved us about $6500.00 per year in child care expenses, and I know in some locations child care is much more expensive than that.
Fewer Expenses
Although you’ll need to find a way to finance your business expenses, in other ways, there are fewer expenses associated with working from home (compared with working out of the home). There are some big, obvious expenses associated with working out of the home that may be eliminated if you choose to work from home instead. You’ll have fewer travel expenses if you currently commute, and possibly less child care costs if you have kids. Those expenses alone totaled about $10,000.00 for my family.
There are also the little expenses that add up, like all of the office gifts that you’re expected to contribute to, a work wardrobe if that’s expected in your line of work and eating out costs when you’re too tired from your work day to make lunch or dinner.
Since working from home eliminated my “going to work” expenses by over $10,000.00, I can make $10,000.00 less per year in net profit and not feel an effect in my standard of living. These kinds of savings can help out in the early years of your craft business when you’re just starting out.
There are many fantastic potential benefits inherent in running a home craft business. Working from home is not without its challenges though. If you think you’d like to start your own craft business, I would suggest that you learn everything you can about selling crafts first so you can think through the benefits and challenges of starting a home craft business. That way you’ll make a well informed choice that is a good fit for your needs and expectations.
More tips on getting started with your craft business