Craftseller - November 2014

(Katie Ryan) #1

MY TOP


TEN TIPS


92 Craftseller


Q&A


JESSICA CATHERINE
creates ceramic
gifts and
homeware,
which can be
found at http://www.
jessica-catherine.
com and are also
available on Folksy.

1


Play with creative
projects outside of
your usual craft.

2


Remember,
politeness goes a
long way with buyers.

3


When pricing up,
include all the bits
and pieces that go into
your creations.

4


Create a cosy place
to get making.

5


Label your work so
everyone will know
who made it.

6


Build a tribe of
creative chums.

7


Celebrate every
little achievement!

8


Squash your
gremlins and
believe in yourself!

9


Be open to selling
in different ways.

10


Embrace social
media to make
creative connections.

Do it right


Q


I have only just started selling my baby
clothing range but I’m not making any money
yet. Do I really have to fill in a tax return?
ANDREA BURNS, LONDON

A


EMILY SAYS: If you’re running a business, then
yes, you do! You’ll have to register your
business with HM Revenue & Customs (hmrc.gov.
uk/ and click the “Register” link towards the top left

of the page) and file a tax return each year. You will
also have to pay income tax and class four National
Insurance on your profits once they go above a
certain level depending on any additional income.
This level changes yearly. You’re also required to pay
class two National Insurance, which is a flat weekly
rate of £2.75. If your profits for the year are under
£5,885 then you can apply to be exempt from class
two National Insurance. However, be careful, as this
can affect your entitlement to State Pension later.

Building blocks


Q


Sewing has always been my hobby but I have
been daydreaming about turning it into a
business. What should I start thinking about?
PAULA FORSYTHE, NUNEATON

A


MARILYN SAYS:Building a business is like
building anything else - you need firm
foundations. Firstly, ensure your products are as
good as you can get them. Following this, brand
them so your business immediately has a clear
identity. You then need to spread the word to as
many potential customers as possible. Finally,
track money in and out to clearly see if you’re
making profits or mistakes. Don’t hang about – if
you wait too long you may just miss the boat!

FAQ


This month our
top Facebook
question is...

Q


Is it possible
to get a good
sewing machine
for under £150?
FRANCIS ROONEY

A


LOUISE SAYS:
I would suggest
looking at John Lewis
for a nice starter
machine for around
£100 - £150. You don’t
need anything fancy


  • just something solid
    and reliable. Brother
    have some nice entry
    level machines or look
    on ebay for second-
    hand appliances that
    may be cheaper.


Tax returns are just
part of the self-
employed paper work

Build the
foundations of a
successful business
Free download pdf