How Much I Earn | Where I Earn Money | Best Selling Products

How Much I Earn | Where I Earn Money | Best Selling Products | Successful 5-Figure Small Business

Рет қаралды 2,702

Күн бұрын

Hi Everyone, I thought it was time to be transparent about my finances for my Small Crochet Business. I recently did my finances for the 2022-2023 financial year and I thought it was a good change to talk to you all about my numbers. I hope this video will give you a bit of insight into how my business is doing, how far it has come, where I earn money, what my best selling products are and to give hope to people, that you can have a successful crochet business as well.
A little bit of background into my small business, I started it in February 2021, it was a very slow start. At the beginning, I wasn't seeing the results I was hoping for. However, fast forward 2.5 years, I now run a successful 5-figure business, with a goal to reach 6-figures in revenue.
I hope this video has been insightful.
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Follow me on socials:
Instagram: / e.m.i_creations
Facebook: / emi.creations.designs
Pinterest: www.pinterest.com.au/emicreac...
E-mail: emicreations.designs@gmail.com
Online Store: www.emicreations.com.au
Etsy Store: www.etsy.com/au/shop/EmiCreat...
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Equipment and Tools:
Video filmed with OBSBOT Tiny 2, visit
www.obsbot.com/store/products...
Get 5% off by using the code " Chloe5 "
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Music:
Dove Love by Quincas Moreira
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#smallbusinessowner #crochetbusiness
#amigurumidesigner #crochet #handmadetoys
#smallbusiness #vlog

Пікірлер: 47

@KarraMeansSpicy 11 ай бұрын

I think what you've accomplished is pretty amazing: you've built a business off of your talents that not only spreads the joy of your hobby, but also celebrates your culture..and you're successful at it, too! Thanks for sharing :)

@chloeeyuen 11 ай бұрын

Thank you for your kind words ❤️, it really means so much to me 😊

@jaimeshooked4590 10 ай бұрын

Hi Chloe! Thank you for breaking down your earnings. It is very insightful on the business end of things. I am in the very beginning stages of my business, and hearing your story and journey has given me a foundation to be consistent and be patient. Thank you for all your hard work and your willingness to share your experiences. I am now a new subscriber. Good luck to you!😊

@chloeeyuen 10 ай бұрын

You're very welcome 😊. I'm glad my video can give you some insights. Wish you the best of luck for your small business 😊

@alexandrak.392 11 ай бұрын

Congratulation to you and and kudo to you that she pushed through that rough time! I can't wait too see more coming from you

@chloeeyuen 11 ай бұрын

Thank you 😊

@ChantelleArts 11 ай бұрын

congratulations on a very successful second year, can't wait to see what your third has in store ☺

@chloeeyuen 11 ай бұрын

Me too 😀

@AnggiSahamCantik 11 ай бұрын

Thank you so much for sharing your journey in the beginning of your business. It gives us the right perspective that everything start from small ❤🎉

@chloeeyuen 11 ай бұрын

You're welcome 😊. Definitely, especially when you start a small business from nothing..just need to give it time 😊

@amandalea8772 11 ай бұрын

So helpful to see it all broken down like that ❤

@chloeeyuen 11 ай бұрын

You're welcome 😊

@studiomoontokki 11 ай бұрын

The numbers always scare me tbh! I feel like my brain automatically shuts down when it sees a bunch of numbers, so it's always pretty daunting for me to face the music and see how the numbers side of small businesses are doing. It's really nice to see the growth you've had since you started! It's a good thing you didn't give up before, cause look at where you are now! 💖 Definitely curious to watch an Etsy vs. non-Etsy websites breakdown video from you since you've had experience selling on multiple platforms. Might be a nice video idea to do in the future? 😆

@chloeeyuen 11 ай бұрын

Yes!! I am the same. In the first year,my hubby actually kept a record of my revenue and expenses and updated me every month, then I said I need to do my own number so I am aware of how my business is doing, otherwise I wouldn't make any progress. Definitely will do a etsy vs own website as my next video 😊

@elizzabethwilmes4604 11 ай бұрын

This was very helpful. I would love to learn more about selling on ETSY. I’ve been hesitant to sell on ETSY and make my own website. So, any other advice and suggestions would be fabulous. Thanks 😊

@chloeeyuen 11 ай бұрын

I will definitely do that video next, I realised it will definitely help others who are not sure 😊

@vickied6882 11 ай бұрын

Congratulations on your successful business venture 😊😊 your creations are perfect and beautiful 😊😊 love the market videos ❤❤

@chloeeyuen 11 ай бұрын

Thank you 😊

@bearberryboutique 11 ай бұрын

Thank you for this video! Congratulations on the sucess! It gives me a bit of hope 😊 It's hard for me sometimes as I start comparing my shop to others and see that other crochet pattern shops are getting 100+ sales a day! And for patterns very highly priced too. I just need to tell myself that my work will pay off eventually!

@chloeeyuen 11 ай бұрын

Wow 100+ sales a day is very impressive ! I wish I got that too haha. But, yes, it is very hard not to compare, but I would say, treat that as a goal for yourself to work towards. Trust me, your hard work will definitely pay off. Especially when you design more and find your style. Good luck 😊

@bearberryboutique 11 ай бұрын

@@chloeeyuen Thank you! 😊

@chloeeyuen 11 ай бұрын

@@bearberryboutique you're welcome 😊

@rosegoldcreates 11 ай бұрын

I've really been enjoying your videos Chloe, every time a new one comes on I get excited :) I find you very inspiring! I too went through a similar mental health battle a few years ago and am on the edge of getting out of it. Crocheting has helped me on this journey. After watching your videos I am thinking about monetizing it. I've thought about monetizing other hobbies of mine in the past, so I'm not sure if I'm more of a dreamer than a doer. I hope to return to this comment a year from now with a video similar to this one. wouldn't that be cool? anyways, I appreciate your content!

@chloeeyuen 11 ай бұрын

Thank for watching and also your support ❤️. Also, thank you for sharing your story. I really hope you will pursue your dream of starting a crochet business 😀, trust yourself and always choose what makes you happy 😊

@carolinasayurigoldschmidtk7509 11 ай бұрын

Thank you for sharing this.

@chloeeyuen 11 ай бұрын

You're welcome 😊

@viisaur 11 ай бұрын

Thank you for being so precise and transparent! I look forward to what the future will bring to your business! For a video idea, do you think you could run us through how you plan your week? I know you've done videos about packing orders and planning designs, but how do you decide to delegate time to each task and what helps you stay on track?

@chloeeyuen 11 ай бұрын

OOo that's a good video idea, will definitely add that to my list 😄, and thabks for watching 😊

@susanjones-szabo9595 11 ай бұрын

Very helpful, real but also encouraging. I am also very interested in your thoughts about Etsy, what would you do if you were to start all over again?

@chloeeyuen 11 ай бұрын

Have prep a video about Etsy and question which I will answer in the same video 😊, but to answer here quickly, I wouldn't change anything that I did 😊

@Creativelymadeinhome 11 ай бұрын

Hiiiiii Chloe, another wonderful video.... I was just wondering if you could elaborate on what you think, you did that you started getting sales after that initial dry period of 6 months on etsy. Thank you so much for being so transparent and its very inspiring!

@chloeeyuen 11 ай бұрын

I would say I was posting a lot more frequently on my socials, and I was designing a lot of new toys to showcase my design on social media. Only then did I get followers, which led to people purchasing my patterns 😊. And thanks for watching 😊

@Creativelymadeinhome 11 ай бұрын

@@chloeeyuen thanks Chloe

@chloeeyuen 11 ай бұрын

@@Creativelymadeinhome you're welcome 😊

@yenyenyap5431 11 ай бұрын

Congratulations Chloe! Your video is so inspiring. I’m Yonna a former interior designer and now a SAHM. I have an online business on Etsy selling preschool digital printable that inspired by my son. I got addicted to crochet amigurumi in early 2022. Recently, I just happened to find your channel on KZfaq and I find that you are so inspiring and sincere. After watching your videos, I started to try out designing my own amigurumi which I always do not have the confident as I still think that I’m relatively new to the crochet world (designing still in process, not easy, alot of frogging to be done😂). Thanks for inspiring me ❤. By the way, beside posting your products on social media alot, do you run any Etsy Ad on Etsy to help you drive the traffic to your Etsy store or any other marketing tips that you can share?

@chloeeyuen 11 ай бұрын

Hi Yonna, so nice to meet you and for sharing your story too 😀. I'm so glad that you're giving designing a go and I'm sure your pieces will be amazing since you have a design background 😀. And, I know what you mean about the frogging, it hurts, but sometimes it just has to be done 😅. In terms of ads, I don't pay for any ads, never did and probably never will haha, I relied on my will power and belief that I could make it work just through my social media platforms 😅.

@yenyenyap5431 11 ай бұрын

Thanks for the reply. Hard work really paid off. Hope in future, you will do a video about how you market your product on social media.

@chloeeyuen 11 ай бұрын

@@yenyenyap5431 I've had a few people request that, so I will add that to my list 😊

@ozzyencounters 11 ай бұрын

Do you ship worldwide or just within Australia for your physical products? Great information thank you

@chloeeyuen 11 ай бұрын

I ship worldwide and my buyers pay for shipping too 😊 and you're welcome 😊

@_faith3107 8 ай бұрын

I’m wanting to start my own store but the tax parts scares me. Do you hire a tax person or do you do it on your own?

@chloeeyuen 8 ай бұрын

My hubby, who is a numbers guy, helps me. Currently, my business is too small, and I don't think it's worthwhile for a tax accountant just yet. You can use apps to help as well, like Xero (not sure if that's just for Australia). But if thr tax part is scary and confusing then definitely seek out an accountant

@_faith3107 8 ай бұрын

@@chloeeyuen I have been looking into H&R Block or even a website called Incfile. I’m not sure how things work for you in Australia but did you need to get an LLC or and EIN? Other then those and taxes is there anything else I should know about? Thank you for your help.

@stephvanderyacht3644 11 ай бұрын

I stopped doing Etsy because of all the fees. I do way more traffic on my FB page.

@chloeeyuen 11 ай бұрын

Yep, slowly diverting people to my website, my website sales are slowly increasing, so hopefully more sales there 😀

@ShantesTravelThings 11 ай бұрын

for me i think that number is reversed. how much i spend on product vs how much i made. do you still have to pay taxes on negative gross sales lol. whelp.

@chloeeyuen 11 ай бұрын

In Australia, if you earn less than $18,200, you don't have to pay tax. I always keep track of my spending and make sure I make a profit so that I'm not losing money, at the beginning of my business I was definitely loosing money with my spending being greater than my revenue, but over time, as I stated, it started to look better 😊. And I can talk more about that in a future video in terms of material costs and pricing a product to make sure you receive a profit 😊. Definitely be patient and keep marketing your products on social media 😊