Inventory, manufacturing process, business success topics for small DTC manufacturers.
bookkeeping tax
Wondering if your handmade business is considered a hobby or a business? This article will explain the IRS 9-factor test, the tax implications for each classification, and what it means for makers who are just starting out.
inventory management
Inventory tracking is not just about manually counting your products and ingredients once every year - it can be so much more than this and can have massive benefits to your cake making business.
Struggling to keep your Etsy inventory under control? This guide walks through Etsy's built-in tools, when to add software, and how to avoid the stockouts that hurt your shop ranking.
We show you how creating a location naming system for your inventory can make you a more organized crafter.
If you are just starting your craft business and need some advice, or need some guidance on what to do next in order to grow your handmade business further then definitely consider arranging a mentor meeting with SCORE.
We walk you through how to get the sales and order data you need from Etsy's reporting and downloading options in our comprehensive guide.
If you store your inventory and product samples at home in a dedicated location, you should be eligible to claim for business use of this space without needing to meet the usual "exclusive use" test.
handmade success
Having a consignment channel can be a great way of complimenting your online and craft show efforts as it gives you an opportunity to reach new customers and gain more sales. We show you how to make this channel a success.
We explain what Etsy sellers need to know about the 1099K form, what you'll need to do with this form and what to do if you don't receive one.
Unfortunately, Etsy doesn't currently provide a easy way of obtaining your financial sales information for tax time. We show you an easier way!
As a maker, one of the first things to realise is that you are not just a retailer of your goods - you are also a manufacturer of them. Why does this matter? Well for starters, it changes everything about the way you need to report your end of year revenue and expenses to the IRS.
Not sure whether to use FIFO, LIFO, or weighted average cost for your handmade business? Here's what each method means in practice — with real maker examples — and which one Craftybase uses automatically.
We show you why it's important to know the difference between your indirect and direct expenses when running a craft business.
The IRS doesn't care how small you are. If you make products from raw materials, you're required to track inventory. Here's what Publication 334 says — and the best way to keep track of inventory for your small business.
Optimising your packaging can make a huge difference to your handmade profit margins. We give you some ideas on how to make your dollar stretch further, without sacrificing quality.
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Because they don't know what their products actually cost to make.
Every week, one practical tip on pricing, materials, and COGS — the numbers that turn a busy craft business into a profitable one.
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