Art & Craft Business Tips for Entrepreneurs

Today craft supplies are the heart of any arts andBe creative with your raw materials! You may be able
crafts business. Without supplies and good suppliers,to save quite a bit by using recycled wood, textiles,
your business will be in jeopardy. Search the rightplastic, metal and anything else you may use. Of
supplies at the right price and your business will have acourse all of your supplies cannot be obtained through
much better chance of grow successfully.recycled materials, but you might be surprised at
Starting and running a craft business can sometimeswhere you can cut costs if you give it some thought.
be as confusing as it is rewarding. Here are 5 things to5. Shop at Discount Stores
know before starting your venture into the world ofMany large chains offer comparable prices on certain
professional crafting.upon art and craft supplies. If you intend to resell the
1. Shop Aroundfinished product that you make and have a Tax ID
Always comparison-shop for supplies. Prices can varynumber, you can avoid paying sales tax. Ask the store
greatly from vendor to vendor. Once you find amanager for details on tax exemption status.
low-cost supplier, don't stop there! Over time, prices doMarketing is the another key ingredient to any
change. It's a good idea to keep an eye out forsuccessful business! You must have ways to get the
another distributor.word out about your products. Whether you will be
2. Buy at Wholesale Costattending craft shows, placing mail order ads, or selling
Many suppliers offer discounts to qualified buyers.your crafts online.
Qualifications differ, but usually a Retail Tax ID numberSelling crafts online involves more than simply publishing
will suffice. Call your local courthouse to find out whoma Web site. Successful online marketing requires time,
to contact to obtain a retail tax permit in your area. (Ifdedication and a basic understanding of marketing in
you are selling crafts, you should already have one.)general. Your online craft shop is merely an extension
Once you have your tax identification, ask individualof your real-world business and all forms of marketing
suppliers if they offer wholesale discounts and how toshould compliment each other to work efficiently and
qualify.effectively.
3. Buy in QuantityThis article is not only intended to give crafts people
Often, buying supplies in bulk can save money. Whenideas on how to market an arts and crafts supply
comparison-shopping for materials, ask each vendor ifwholesale Web site, but also to help crafters become
quantity discounts apply and if so, what theaware of the importance of real-world marketing of a
percentages off will be.cyber-world storefront.
4. Use Recycled Materials