The Top 8 Handmade Biz Money Mistakes (and How to Avoid Them)
Handmade business owners often run into the same money mistakes — from underpricing to skipping bookkeeping to mixing up profit and pay. In this post, we’ll break down the top eight financial mistakes handmade sellers make and show you simple, stress-free ways to avoid them and build a more profitable creative business.
Pricing Your Handmade Items for Profit … or Pricing on Vibes?
Pricing your handmade items for profit and tracking the cost to make them doesn’t have to feel like a math-induced meltdown. In this post, I’m sharing the upgraded Handmade Product Pricing & COGS Calculator — a simple, maker-friendly tool that helps you track materials, remove the guesswork, and finally price your products with confidence. If you’ve ever juggled yarn scraps, sticky notes, and “I’ll figure it out later”… this instantly makes your life easier.
Makers, What’s Your Fair Hourly Wage?
Still using that mythical “Materials x 3′ rule to price your handmade products? You’re not alone. Too many makers price their work based on what “feels right” or what someone else told them to charge. In this post, we’re setting the record straight — and figuring out what your fair hourly wage really is.
Why Do I Need to Do Bookkeeping for My Handmade Business?
Bookkeeping isn’t just about math — it’s how handmade business owners understand if they’re really making money. It helps you handle taxes, see your true profit, and price your creations with confidence. Start small, stay consistent, and use bookkeeping to make smarter business decisions (without losing your creative spark).
Tariffs: Will They Impact Your Handmade Business?
Starting August 29, 2025, the de minimis exemption for imports under $800 disappears — meaning more fees, slower shipping, and possible headaches for handmade business owners. Whether you order supplies from overseas, buy from domestic suppliers, or ship internationally, these changes could impact your costs and timelines. Here’s what you need to know and how to adapt.
The BOI Report & your handmade business
The BOI Report, a report handmade businesses that are LLC’s, S or C Corporations must file with the U.S. Treasury – Financial Crimes Enforcement Network. Sole proprietors are not required to file. BOI stands for Beneficial Ownership Information. UPDATE: The Treasury Dept has extended the 12/31/24 deadline to 1/13/25. The NACPA is lobbying for 90 …