Is making resin art profitable?

The resin art market is growing and expected to reach $10.3 billion by 2027. On Etsy, prices for resin art can range from $165 to $15,000, making it a lucrative niche for artists who want to make money from their work.

Is epoxy resin business profitable?

Epoxy resin is a reactive polymer and a volatile material to work with. The bubbles change due to temperature and moisture, and curing time is a challenge as well. Despite high material costs, Patel and Gupta estimate their profits to be around 15-25 per cent.

What resin products sell the most?

Top 12 Resin Crafts to Make and Sell

• Resin Coaster. Coasters are a great option for making and selling as they are both decorative and functional at the same time.
• Keychains.
• Jewelry.
• Straw Toppers.
• Bookmarks.
• Serving Trays.
• Cutting Boards.
• Home Decor.

What do you need to start a resin business?

Essential resin casting supplies

1. Casting resin.
2. Mixing cups.
3. Stirring Utensils.
4. Safety equipment such as gloves and safety glasses are also essential supplies needed for resin casting.
5. A level surface for casting.
6. Wax paper, freezer paper or some other protective tarp.

Should I start a resin business?

Epoxy resin is used in a LOT of industries – from jewelry to wind power and even aerospace. This stuff is intense. That’s why it’s actually a great business to delve into. Resin can be used for such a large variety of pieces that your prices can fluctuate quite a bit depending on what you’re making.

Is it worth it to start a resin business?

How do you manufacture epoxy resin?

Epoxy resins are created by mixing BPA and epichlorohydrin (ECH), which are then reacted so as to create the basic monomer unit of epoxy resin called BADGE or DGEBA. The properties of the cured epoxy resins are determined by a chemical process called curing or hardening.

How do you price resin artwork?

Like any other piece of artwork, when pricing your resin art, you want to factor in your direct, material and overhead costs, along with an hourly wage. Because epoxy and resin materials can be expensive, don’t be afraid to charge more than you would for alternative art supplies, like watercolor, acrylics or oil.

How do you price resin art?

What should I charge for craft items?

In her Tips for Pricing your Handmade Goods blog on Craftsy, artesian entrepreneur Ashley Martineau suggests this formula:

1. Cost of supplies + $10 per hour time spent = Price A.
2. Cost of supplies x 3 = Price B.
3. Price A + Price B divided by 2 (to get the average between these two prices) = Price C.

How do you start a resin business?

Using our new knowledge of resin, we were able to begin the creation of our new business. Take us through the process of designing, prototyping, and manufacturing your first product. Resin isn’t easy to work with. There is actually quite a bit of science to the process that definitely took some trial and error to master.

How do you gain new customers with resin jewelry?

To gain new customers, in early 2019 we introduced the concept of customers sending us their own flowers from a special moment in their lives to be encased in resin jewelry for them to wear. This unique feature has allowed us to really branch out and reach an entirely new customer base.

Is resin easy to work with?

Resin isn’t easy to work with. There is actually quite a bit of science to the process that definitely took some trial and error to master. After countless tries to find the right brand, mixture, consistency, etc. we began to experiment with different mix-ins.

Why are craft businesses so expensive?

If costs are high, product prices must cover them and craft businesses can end up pricing themselves out of the market or spending more than they make. There are costs directly related to making your crafts (materials and labor) as well as indirect costs that are just a part of doing business: Etc.