Quilting Business - From Hobby To Business
Having a quilting business requires a different mindset than starting a regular sewing business. Quilting is viewed as a very creative sewing art form. Therefore, it is hard for quilters to focus on the business aspects of quilting. Quilters often view the business side of their art as tedious. They often still have the mindset of the hobbyist, wanting to concentrate on their art rather than the business aspects of the former hobby.
According to the NAICS (North American Industry Classification System), quilting business is classified as an industry based upon its purpose. It can be considered a part of the manufacturing industry as a textile product, if the product is a product such as a new article of clothing. It can be a part of the arts industry if the quilt is considered a work of art rather than a product.
There are a number of ways to make money from this type of business. There are those that sell their quilts locally, at trade shows or on the internet. Original quilting patterns can also be sold in the form of kits that the quilters have designed. Then there are those that teach quilting.
There is more information about starting a quilting business at smallbusinessnotes.com Whatever form the business takes there are some decisions that must be made about how the business will operate.
One of the things to decide is the legal structure of the business, whether it will be a sole proprietorship, partnership, corporation or limited liability company.
Another task of course is the writing of the business plan. For more business decisions there is a Startup Checklist at smallbusinessnotes.com that is a good guide to make sure that when starting the business all bases have been considered and covered.
One of the crucial decisions is pricing the product. One of the items on the Startup Checklist is the Set the Price for Your Product or Service link which has some valuable general information about pricing a small business.
For more specific examples of how to price for a quilting business, see the following links:
These two links offer some useful advice on how to price different types of quilts.
With the right mindset and the right business tools quilting can move from being a fantastic creative hobby to being a money making, fun business.