Handmade Goods Business

Business Idea: Start A Handmade Goods Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$22.7K
Avg Startup Costs
$33.8K
Score
82
Avg Revenue
Min Revenue
$200/month
Max Revenue
$150K/month
Avg Days To Build
92 days

A handmade craft business entails selling own-crafted products on online platforms like Alibaba, Etsy, an independent website, or social media.

To succeed in selling handmade goods, you'll need solid creative skills. Your creativity can help you build a strong brand.

And with online marketplaces, handmade shopping has become a popular trend.

In recent years, consumers worldwide have shown their support of independent businesses and entrepreneurs, especially those venturing into the handmade goods business.

Revenue & Profitability

How much do handmade goods businesses make?

Startup Costs

How much does it cost to start a handmade goods business?

  • It can cost as low as $60 to start a handmade goods business.
  • It can cost as high as $50,000 to start a handmade goods business.

Learn more about the costs of a handmade goods business.

Examples Of Successful Handmade Goods Businesses

Successful handmade goods business businesses and case studies

Regional gift and retail company Batch has grown its annual revenue to almost $1.8m by honing its operating model, targeting other cities such as its home base Nashville, and relying on repeat business by keeping purchase percentages for gifts at approximately 90%.

$150K Monthly Revenue
Read by 9,750 founders

PortraitFlip is a successful startup that delivers handmade portraits globally with a clientele base in the USA and yields 3.5crs through their 100% customer satisfaction guarantee, and they started with an initial investment of only Rs.23,000.

$45K Monthly Revenue
$60 Startup Costs
Read by 11,263 founders

See full list of successful handmade goods businesses.