Startup Costs

Start A Handcraft Products Business

Startup Costs

Wondering how much it costs to start a handcraft products business?

  • The minimum startup costs for a handcraft products business: $1,441
  • The maximum startup costs for a handcraft products business: $21,740
  • The average startup costs for a handcraft products business: $11,015

Here's a detailed list of a handcraft products business startup costs:

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