How To Make Money With A Cricut
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Hey there crafty friend! Today we're going to talk about how to make money with your Cricut.
When I first bought my Cricut my husband was a wee bit upset with me. I had a work from home job so I could homeschool our kids. But that job was making less and less money.
Which means money around here was really tight. Super tight. And I just blew almost $300 on a 'hobby'.
But there's one thing my husband didn't know. He didn't know how determined I was to make money with my new Cricut. I looked him straight in the eye and promised him that my little hobby would make over $2k in the next three months.
And it did.
This isn't an easy feat in a saturated market. And it definitely isn't a get rich quick scheme.
But these seven tips will help you make money with your Cricut. Whether you just want to support your crafting habit, or you're looking to support your family, be sure to practice them all.
Let's get to it.
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Make Money With Cricut -Seven Tips
1. DARE TO BE DIFFERENT
Really just be yourself. Bring your quirkiness and creativity to the table.
If you've been around Cricut crafts for any length of time I'm sure you're familiar with the knockout name tiles. They are a crazy hit and soon everyone was selling them.
That's how it goes in the crafting world, doesn't it? So you could be one of the first people to jump on a trend ride the wave until the next hot seller comes along. But that method of selling Cricut crafts can become tiresome and costly if you're not careful.
Keep in mind I'm not telling you to re-invent the wheel here, but to add your own style and flair.
Take a look at the picture below. It's of two name tiles I found on Etsy. The one on the top row looks just like the other 150 for sale on Etsy.
The seller on the bottom added her own spin on things.Which one stands out more? Which seller can charge more and make a higher profit?
Don't be afraid to change fonts either. You can find super deals and freebies for premium fonts at fontbundles.netSomething that simple will make you stand out from the crowd of 'I Love Glitter' fonts.
Because the thing is when your craft looks like everyone else's, then it just becomes a price war.Nobody wins.
So when everybody else zigs, you zag. Got it?
2. KEEP IT NARROW
I was one of the event planners for a concert this Summer. One of my co-planners announced that she had a shirt girl and was having custom shirts made for us.
Ummm helllo? They all know I have a Cricut. I can make shirts. I would just charge cost -if that.
But her mind went straight to her shirt girl. Why? Because the shirt girl only does shirts and she does them well.
I do painted signs and decals by the way. So when someone wants one of those they think of me. I know someone else who just does earrings. And we've even got someone who only does paper flowers.
You may think making and selling everything under the sun will give you more variety, therefore more customers, therefore more money. But that's not the way it works.
What it will give you is more cost, more burnout, and more products not selling.
Don't aim to be the Walmart of the craft world, aim to be an expert and the best there is in your area of craftiness. So take a minute and decide what you're going to become known for.
3. BE CONSISTENT
Work on your Cricut craft business consistently. Ideally, you should be working on it every day. Some of you may just want to sell as a hobby and can only work on it once a week.
Whatever your schedule is do it as consistently as you can.You're never going to get anywhere if you ignore your business for weeks or months at a time.
Be consistent with pricing and quality too. Your customers should know what to expect from you.They will recommend you to others over and over again if they know they can count on you.
4. TENACIOUS WINS
Look, I don't wanna be Debbie Downer here, but owning a business can sometimes suck.
And if you want to turn this thing into a business, there's going to be days you want to quit.
There will be days customers will tick you off. There will be days that nothing works right.You're busting your butt and getting nowhere fast.
Stop. Take a deep breath. Like I said it's not a get rich quick scheme. The people that didn't find success, they quit long ago. But you….. you my friend pull up your big girl panties and keep going.
Because the people who succeed never give up.They may have failures. But that doesn't stop them. Never. Give. Up.
5. YOU WANT HOW MUCH?
I seriously can't believe how often this happens…… Someone purchases decals from me so she can make and sell glitter tumblers. That's not the unbelievable part…
I casually asked her how much she charged for a tumbler because well my husband hates glitter lol. But the tumblers make awesome gifts. Anyway, she told me her price and I exclaimed wow that's super cheap.
And she responded yea I HOPE I'M NOT LOSING MONEY
I'm sorry WHAT? You HOPE you aren't losing money? Oh honey.
You have to know the cost. If you're selling something for $20 and it costs you $22 in supplies, that's not good! Not good at all.
I know there are some things like glitter and epoxy in this case that may be hard to calculate. You don't know how many tumblers one jar of glitter will cover until you reach the end of your glitter jar. (keep track, by the way, take a marker and put a hash mark on the glitter jar for every tumbler you make)
But you can guestimate. If it looks like you used around 1/4 of the jar and the jar costs $10, take 10 and divide it by 4 and you have a glitter cost of $2.50 per tumbler per color of glitter. So two colors of glitter is a $5.00 glitter cost. Following me?
For the love of all things crafty please go through all of your supplies and add up the costs. After I have all the big items added up I usually add on a $1.00 or two for the cost supplies that I use, but use such a small quantity it's not worth figuring up. Glue is an example of that.
Once you have the cost of supplies you'll be better prepared to price your items to sell. Don't forget the time it took you to make the item unless you like working for free.
A general rule of thumb is your selling price is going to be between two to four times your cost of supplies.Don't worry about people cackling at you that it's too much. You're original, you've narrowed down your field and you're an expert and the best at what you do. Plus you're using quality products (more on that soon).
People WILL gladly pay for that.
6. LEARN SOMETHING NEW EVERYDAY
Don't be afraid of learning from those who have gone before you. You don't have to figure everything out on your own.
Whether you want to learn how to climb the Etsy ranks or build a successful facebook group, someone has already done it and now they are teaching all the tips and tricks they know.
At least at the start of your Cricut business, you'll be doing more marketing than crafting. Make it a goal to learn something new every day that pertains to your business.
7. QUALITY CONTROL
Sell quality products.Quality wins over quantity every day of the week. Let's take a look at these two custom Easter baskets below.
So the two buckets on the right are from the Dollar Tree. Everyone and their brother sold these at Easter which kept the profits low.
We know the bucket cost is $1.00 and we will estimate the vinyl and transfer paper was $1.00 which gives us a cost of $2.00. I saw them for sale for $5.00 each which means we make a profit of $3.00 per bucket. They are quick to make so not to bad.
Easter comes and goes, the buckets probably get forgotten about or trashed because they were cheaply made and cheap to buy.
Now the Easter Baskets on the left. They are fabric and obviously better quality. They stand out because not many if any other crafters are selling them. You are learning every day and you know that if we just put the name on them, these baskets can be used well past Easter and we market them as such.
We paid $8.00 for the blank basket and $1.00 for the heat transfer vinyl for a total cost of $9.00. We are selling them for $25.00 which gives us a profit of $16.00 for each one we sell.
Which means we can sell less and make more money. The crafter selling Dollar Store baskets needs to make and sell 6 baskets for every one we sell to make the same profit.
Let that sink in a second.Less work means more time for family or fun or learning.
People will pay for quality and they will recommend you to their friends for quality. Word of mouth marketing is the best you can get.
Choose quality products.
Where to Buy Quality Blanks for Cricut Crafts
I have two places that I like to buy quality blanks for crafting that I'll share with you.
The first one is called My Vinyl Direct and it's found here. They have a great selection and everything I have ordered from them has been great.
And the second place might be a little more well known, but still worth it. They are called Happy Crafters and you can find them here.
Here are some FAQ's I found about making money with your Cricut:
WHAT IS THE BEST CRICUT MACHINE?
If you are still looking to buy a Cricut machine and wondering which Cricut is best, be sure to check out my post here:
Which is the best Cricut to get for beginners
CAN YOU SELL PRODUCTS YOU MADE WITH CRICUT?
Yes! You absolutely can sell products you made with your Cricut. But be sure to do some homework first.
You'll need to have commercial licenses for design files and fonts -most all of the ones you buy will come with a license to sell. And steer clear of anything trademarked like Batman, Disney, and College Football.
WHAT CAN YOU MAKE WITH YOUR CRICUT TO SELL?
There are soooo many things you can make and sell with your Cricut. I'm going to list quite a few, but don't forget about tip #2. Keep the selection that you choose to sell very small.
Here are things you can make and sell with your Cricut:
- Tea Towels
- Hand Towels
- Custom Shirts
- Custom Stuffed Animals
- Blankets
- Name Tiles
- Drink Coasters
- Earrings +other jewelry
- Painted Wood Signs
- Vinyl on Wood Signs
- Canvas Art
- Hair Bows
- Key Chains
- Drink Cups
- Tumblers
- Sports Bottles
- Coffee Mugs
- Paper Flowers
- Invitations
- Party Banners
- Garden Flags
- Hats
- Makeup Bags
- Shoes
- Pillows
- Pot Holders
And I'm sure there are many more! What are you hoping to make and sell with your Cricut?
Chris Butler has helped thousands of crafters learn how to use their Cricut machine without feeling overwhelmed. She is a best selling author and an up and coming designer. For fun Chris enjoys designing SVG Files, hanging out with her family (preferably at the lake), traveling, and volunteering at her church. She is a wife and mom of two crazy fun kids.
How To Make Money With A Cricut
Source: https://dailydoseofdiy.com/make-money-with-cricut/
Posted by: melvinmunly1949.blogspot.com
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