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5 Reasons Your Hobby Craft Business is Not Growing

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This is a personal blog. Any views or opinions in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or businesses that the owner may or may not be associated with personally or professionally unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, organization, club, company, or individual. Any views or opinions are solely meant to be suggestions not necessarily facts.

This is a Biggie

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Keeping Yourself Motivated

So you think you have what it takes to make your hobby profitable? That is great. You probably don't need my article then. If you think you have room for improvement then this for you. MOTIVATION is my number 1 reason why you may be struggling to get your hobby turned into some real cash. I have been making crafts for about 10 years and I can tell you one thing. No one else was going to motivate me but me. I had to keep a schedule and stick to it. It is far to easy to become lazy and tell yourself that you will get to your work later. Fortunately for me I work better under pressure. I could get away with starting late because I knew it would rev me up and I would work faster. I don't recommend this because it would end up being even more exhausting sometimes. If you want to make money at it you have to treat it like a 9-5 job. For real!! I have made this very mistake and kept my hobby in the "hobby" category because I would work whenever I felt like it. Trust me. This doesn't work.

Are You Getting Serious?

Hit the Home Run

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Are You Ready to Hit a Homerun?

If you are wondering why your hobby hasn't turned into more cash, it may be because you are just hitting a single. You need a homerun idea. None of us want to think that what we have created isn't sellable. Well here is a harsh reality. Sometimes it isn't sellable. You have to create things people want. Even if you have to step out of your comfort zone a little. I have had my woodworking laughed at and even told it was too expensive. The truth is, it could be too expensive and that is where you will have to find out what your marketable area wants to pay for your goods. I learned the hard way by underselling my stuff at times. There is a fine line on what people are willing to pay for handmade products. I have also made the mistake of underpricing my items. You don't want to come off as too cheap because customers can associate cheap prices with cheaply made. So make sure you get what your item is worth without being overpriced. My formula was Cost x2= wholesale x2 = retail. Remember to add all of your costs. Include paying yourself and money to grow. I didn't do either of these enough.

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Be a Tough Competitor

I am all about helping everyone become successful. Sometimes I would sacrifice my own success to help others. You really have to think of yourself and where you ultimately want your business to go. Do you want to stay in the shadows, or do you want to shine and be number one? We all have artists and craftsmen that make similar items and we definitely don't ever want to copy anyone's stuff. However, if you want your business to grow you have to get in there and be tough. What can you do to make your product better? What can you do with your products that gives them an edge over the competitions items? You have to be somewhat selfish. Help each other out, but don't get caught in a web of being left behind.

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Do you Think You Can Hang With the Best?

Okay. You have made the perfect product. You have decided on your cost. You are selfishly promoting yourself. What is next? Do you have what it takes to be a salesmen for your items? You have to absolutely believe in your product. I am telling you it is hard to sell something you wouldn't buy yourself. You have a story about how you made it. Tell it. Sell it. Why is your product better? Tell them. What elevates your product. Why is your item better than the competitors? Believe it. You have to know you can hang with the best in your niche.

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Get Out There. Sell the Heck Out of your Product.

This is it. It is time to get yourself out there. Give it a go. What do you have to lose. Believe in yourself and your product. You got this. I hope my suggestions help you to hit a home run.

Comments

Betty Lamont (author) from Pennsylvania on February 24, 2021:

Thank you for your wonderful comment Umesh

Umesh Chandra Bhatt from Kharghar, Navi Mumbai, India on February 23, 2021:

Inspiring article. Thanks.

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