Handcraft Products Business

How Much Does It Cost To Start A Handcraft Products Business? (In 2024)

Updated: January 18th, 2023

Looking to start a handcraft products business?

But curious about:

  • how much it costs to start a handcraft products business?
  • what are the typical handcraft products business startup costs?
  • or the actual cost of starting handcraft products businesses?

Well, we have the data to prove it, supported by real handcraft products businesses and how much they actually cost to start.

Let's go over it.

Learn more about starting a handcraft products business:

Where to start?

-> How to start a handcraft products business?
-> Pros and cons of a handcraft products business

Need inspiration?

-> Other handcraft products business success stories
-> Marketing ideas for a handcraft products business

Other resources

Equipment & Supply Expenses

Starting a handcraft products business may require purchasing some equipment, whether that's for producing the product or packaging the goods, or equipment needed in the back office.

Cost Required? Min Cost Max Cost
Cleaning Supplies ➜

Optional

$63

$200

First-aid Equipment ➜

Optional

$3

$500

Software Expenses

Your handcraft products business needs software to run efficiently!

Why spend money on software? Because it can help you save time and automate certain parts of the business, so you can focus on the most important matters. Software and technology can help you grow your business, and save you from expensive personnel costs.

Cost Required? Min Cost Max Cost

Email marketing tool

Recommended

$0

$100

Accounting & Invoicing Software

Recommended

$0

$50

CRM Software ➜

Recommended

$12

$300

Project Management Software

Recommended

$0

$25

Design Programs & Software

Optional

$0

$50

Social Media Management Tools

Optional

$0

$50

Office Space Expenses

It will be your call to determine if you need office space. It is not a requirement but may be necessary as your handcraft products business grows.

Cost Required? Min Cost Max Cost
Rent ➜

Optional

$0

$5,750

Utility Costs For Office Space ➜

Optional

$0

$1,150

WiFi & Internet ➜

Optional

$0

$100

Inventory Expenses

If you sell a physical good, you'll likely have to start with some inventory.

Cost Required? Min Cost Max Cost

Inventory Storage

Optional

$0

$5,000

Package Design ➜

Optional

$50

$3,000

Shrinkage

Optional

$0

$1,000

Distribution costs

Optional

$0

$750

Advertising & Marketing Costs

Cost Required? Min Cost Max Cost
Business Cards ➜

Optional

$0

$50

Local fairs and festivals

Optional

$0

$500

Direct Campaigns, Printing and Mailing

Optional

$0

$300

Affiliate Marketing Commission & Fees

Optional

$0

$250

Influencer Marketing

Optional

$0

$750

Press

Optional

$0

$500

Google Ads

Optional

$0

$300

Facebook & Instagram Ads

Optional

$0

$350

Website Costs

Every business should have a website, and it's worth spending a bit of money to set it up right.

Cost Required? Min Cost Max Cost
Domain Name ➜

Required

$12

$200

Business Email Hosting Service ➜

Recommended

$1

$15

Specific Industry Expenses

Cost Required? Min Cost Max Cost

Handyman Tools

Optional

$0

$500