This week on the Craft Business Challenge:
You sell your crafts, but is it a hobby or a business? And why do you need to make the distinction?
Have you considered whether selling crafts is a hobby or business for you? You might be surprised to know that just because you bring in some money, doesn't automatically mean what you're doing is a business.
Why does it matter if you're building a business or enjoying a hobby?
On a practical level, the distinction can have tax implications. (Heads up! I'm not an accountant, so I'm not the person you want to go to for specific tax-related advice.)
From a more personal and reflective point of view, the distinction can have a huge impact on whether you feel successful and how you choose to run your venture.
That's what we'll explore this week.
Free & Affordable Pinterest Tools: As a follow-up to my detailed description of how I approach Pinterest marketing for this site, I'm sharing strategies beginner bloggers can use to keep Pinterest marketing affordable and possibly even free.
I use paid tools for my own Pinterest marketing. They save me a lot of time, and I wouldn't be without them. However, my site is well-established, and those tools pay for themselves quickly. If your blog is new, your business budget might be tight.
These free strategies may require a little more work, but they can help you to market your blog on Pinterest without breaking your budget.
Hobby or Business?: Just because you sell your crafts doesn't automatically mean you have a business. Your venture might be a hobby, and that's perfectly fine if it's in line with your goals. Here's why you need to know whether you're working on a hobby or growing a business.
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