Almost anyone can start a craft business but unfortunately, not all craft businesses make money. There is a big difference. But when a storeowner inquired about carrying my bags and I crunched the numbers, I realized I was barely profiting as is, let alone selling at wholesale prices. I would dream up an idea, run to the fabric store to buy materials without planning out the most cost-effective way to make an item or calculating the costs per productmake as many bags as I could out of the materials I purchased and hope they would sell. Many factors determine whether a business will be successful or not but there are a few basic factors that must be in place for crafts to make money:. How much it costs to make your products and run your business will dictate how much you charge for your crafts because you must be building a healthy profit into your prices…otherwise, you have more of a hobby than a business hobbies are still required to file taxes. If costs are high, product prices must ...