The Benefits of Starting a Home-Based Embroidery Business
Starting a home-based business may seem overwhelming. Being an entrepreneur. Working for yourself. You may wonder, how can I possibly get any business from other, commercial embroidery businesses? Is it even worth it? Luckily, it definitely is worth the effort. The benefits of owning a home-based embroidery business make it more profitable and allow you to make money while living on your own terms! And with the big push to work for yourself or smaller businesses happening all over the country, it’s a great time to get started.
The Benefits of a Home-Based Embroidery Business
Starting your business is easy! It doesn’t cost an arm and a leg to get into the embroidery business. You can easily find a good, commercial-quality embroidery machine at a reasonable price and you won’t need to rent or buy a space since you’re working from your home. In addition, the cost of embroidery supplies are low as well in comparison to other business supplies.
Saving space. You won’t have to shell out your life savings to rent or put a down payment on a building to house your operations. Instead, set up your embroidery machine in your craft room or in the corner of your living room. The machines don’t take up too much space and you just need a few containers to organize your supplies and you’ll be set. All of which could easily fit in a nook or cranny of your home. And many machines even have wheels, so you can store it in a closet and bring it out when you’re working.
It’s very profitable. You have low start up and supply costs and no overhead because you’re not renting a space to work or paying other people. If you’re charging the right amount for your labor, then you’re going to make money. Customers will find you and want to pay you fairly for your handcrafted work. Since a home-based embroidery business doesn’t cost very much to start or maintain, you’re making money quickly!
Millennials buy from local companies. The trend, especially with the Millennials, is to buy from small, local companies and even artisans. They want to buy from people who are authentic and feel like they’re helping someone, not just contributing to a bonus check for a corporation’s CEO. They want to feel good about their purchases. By starting your own business, you will attract customers that big box corporations just can’t.
Job stability. Unfortunately, employees in many industries have seen a shift where their jobs are being outsourced or taken over by a machine or other new technology. However, the embroidery business won’t change. Even with new software or new printing technologies, there’s still human intervention required in this business and nothing can entirely duplicate embroidery. People will always need it. No printed t-shirt will ever look the same as one that is embroidered.