It is no secret that the scrapbook industry has now become the biggest and fastest-growing home business in the United States. Today, the whole industry is generating an annual revenue of US$2.55 billion in the US alone. This figure will most likely increase every year, even with an economic slowdown, since “keeping wonderful memories” is a demand that will unlikely falter. And with 2.3 million weddings in the US alone every year, not to mention the tens of millions of global travels annually, the market just keeps getting bigger and bigger.
Of course, starting and growing a scrapbook business or service isn’t going to be some easy, get-rich-quick scheme. Most areas of the industry require hard work and an investment of time. But these opportunities can offer you personal and emotional satisfaction, as well as a profitable living.
So what is a scrapbook business?
There is a whole array of business in the scrapbooking industry and mentioning each and every one of them would turn this article into a book. But here’s a quick overview:
Scrapbook Retailer – A large initial investment and time commitment are needed for this one, as well as detailed research into your local area of present and potential competition. Profits differ, depending on the area demographics and competition, and though many stores report not taking home a paycheck for at least the first year, other stores are quite profitable and open multiple locations. Online retail can be an option–but even if an online stores eliminate the need to have a brick-and-mortar store, the competition today is quite fierce.
Product Designer/Manufacturer – Many scrapbooking products were designed by scrapbook enthusiasts, who saw the need for a product and filled it. Product designers can either license their idea to a larger manufacturer or take the plunge and start their own company! Success stories abound in this industry about people who went from an idea to a multi-product corporation. And if you’re the next success story, prepare for profits! (Of course, going it alone also means an investment of time and money, so be sure you have both before starting your company.)
Scrapbooking Instructor – Got a knack for teaching? Sharing scrapbooking in classes and workshops at your local scrapbook store or on your own can be a good way to bring in some extra money (although this alone probably won’t replace your income).
Professional Scrapbook Artist – There is a growing market for those who make scrapbooks for others. The appeal for scrapbook enthusiasts is great – minimal start-up costs (you really can start with almost nothing!), work from home, choose your hours, and make money. Lots of money, for many professional scrapbook artists. See, a lot of people like the look of scrapbooks, but don’t have the time, knowledge, or creativity to do it themselves. And, as with other service businesses such as professional organizing and interior design, it’s easier for some people to hire out than to do it themselves. This career has really started to grow in the ’00s, bringing in hundreds and thousands of dollars per album for hard-working professional scrapbook artists who believe in their service and promote it to the target markets who understand what it’s worth. (In our experience, we’ve found that this service has the potential for the most income – but again, that success is ultimately up to you.)
The list above is in no way exhaustive. And it’s always possible to come up with new ideas for the business. But if you’re planning to start, and you know you love scrapbooking, just remember that the only one holding you back is yourself. Your hobby is a money making opportunity. So start generating profit from scrapbooking!