Tips for a new teen crafter?
December 9, 2013 7:40 AM Subscribe
What should me 14-y.o. daughter know about starting a small hobby/business of making and selling crafts? Specifics inside.
posted by wenestvedt to Work & Money (21 answers total) 22 users marked this as a favorite
She's a smart kid, and we have already talked about some basic things: get someone you trust to evaluate your items; stick to one thing that you do well; don't be too emotionally invested; and don't commit money you can't afford to lose. She's already taken a class in "business basics" so she understands a lot of the principals of money. What else should she know?
This weekend there is a craft fair in town and tables are free. She has figured out how to make something (a hair accessory) that she and her friends all like and use, and which is popular in her age group. It's not too expensive: she's shooting for about $5 a set. She bought the materials out of money she'd already earned so there's no risk.
At events like this can she stick to cash? How much cash should she bring for change? Does she need a clever name? Does she need to have it on Facebook (or somewhere else)? When does a crafter turn into an Etsy seller? Can she piggy-back on a PayPal account in our name for a while, or should we set up a new one for her?
I don't want to be a helicopter dad, but I think there are enough folks here that know more than I do and it would be foolish not to learn from you. Thanks in advance!