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Starting a Cricut business is very rewarding. You get to create things that you love, package them beautifully and ship them off to happy customers. The most rewarding part of your Cricut business will be getting feedback from customers on how they love their product.
In this blog post I walk you through 6 ways to get your Cricut business started.
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Determine what products you will sell
One of the first steps in starting your Cricut business is to determine what products you want to sell. There are tons of Cricut handmade products that you can sell. In this blog post, I highlight 65 items that you can make with your Cricut machine and sell. In addition to these 65 items, there are many more products you can make and sell in your Cricut business.
Conduct research
The next thing you will want to do before starting your Cricut business is to do some research. You will want to research the startup costs, competition, profit margins, supplies, where you will sell your products and many more things.
Depending on the type of Cricut business you start, your startup cost will vary. In this blog post, I highlight the cost to start some of the most common types of Cricut businesses. While the numbers included in that post are just estimates, they give you an idea of what the overall cost of starting that Cricut business will be.
One of the most important things when starting your Cricut business is to determine who your competition is or who is already selling similar items as you.
When conducting research on your competition, I suggest starting with Etsy first because there are a lot of other hand-crafters on there. You can also check out Amazon and any other website that allows people to sell their products.
Additional places to check include Facebook and Instagram. When you’re looking at your competition, you want to consider what they sell, how they price their items, do they have an online presence (website and social media), how they package their products, etc.
Your profit margin is the amount of money you make after all other expenses have been paid for. This will be very important for you to determine considering a business exists to make a profit and that you started your Cricut business to make money.
You will definitely need to do some research on where to get your supplies to make sure you are getting the most bang for your buck and making a good profit. Depending on what you will sell in your Cricut business, you may be able to buy all of your supplies on Amazon, Michaels, Hobby Lobby or some other retailer.
Another thing that will be important in researching your Cricut business is to determine where you will sell your items. During the research on your competition, you should have noticed where they sell their items.
You don’t have to sell your items exactly where they sell theirs but A). If they are selling their items on a certain platform, it may be for a good reason, B). You need to know what your options are for your Cricut business. In this blog post I outlined the top 4 places to sell your Cricut crafts.
An additional thing to consider when choosing where to sell your Cricut products is how much each platform costs to use.
Determine who your customer will be
Knowing who your customers are is very important especially when it comes to marketing your products. You should know the gender, age group and other demographic info about your customers because this will allow you to create with them in mind.
Obviously if your Cricut business is brand new, you will need to start gathering that data about your customers by selling products first. If you already have been selling things you should reach out to your customers through a survey and ask them to provide you with a little information about themselves.
Determine a business name
The next few steps go hand-in-hand and you should move quickly when doing these things which include choosing a business name, buying your website name/setting up your social media accounts and registering your business name.
Picking a name for your Cricut business can be exciting and overwhelming at the same time. You want to pick a clever name but you also want your business name to resonate with your customers. Your Cricut business name can also be cute, funny, or catchy.
Some tips for choosing a Cricut business name include using a combination of your name and the products that you will sell, using a business name generator or asking friends and family for ideas.
One of the final steps in choosing a name for your Cricut business is to go to GoDaddy.com and make sure that website name is available. This is especially important for people who will one day want to set up their own website or set up their own business email.
Typically to buy a website name (domain name) it costs about $13 per year. You will also need to check to make sure your business name isn’t trademarked by someone else by searching the Trademark Electronic Search System.
Once you know what products you will sell, have done your research and know what your business name is, you should buy your domain name and set up your social media accounts. I suggest doing this early on because I would hate for someone else to get your website name and social media accounts before you do.
Establish and register your business
Establishing and registering your business is the process of making your business a legit business in the state where you live. You will need to go to the Secretary of State website and choose your business structure and register your business. There is a fee associated with setting up your business that varies by state and there is also an annual fee to keep your business active in the state.
Find resources to help launch your business
If starting your Cricut business seems to be overwhelming or daunting, get my Cricut Business Launch Playbook that walks you step by step through getting your Cricut business up and running. This ebook includes over 70 pages to make the process easier and provide you with a checklist to keep you on track.
I hope you enjoyed this post on how to start a business with your Cricut machine. Starting a Cricut business can be very rewarding and help you make extra income while doing what you love!
