If you’ve been making resin figurines as a hobby and you’re ready to take the next step, why not sell them? That’s what a resin figurines supplier does but at a bigger scale. If you want to start your own business, it’s a good idea to understand what the market environment is like. Today, we will answer a few of the most important questions about resin art businesses so you can start planning yours.

Is Resin Art Profitable for a Business?

A resin art business can be very profitable, especially if you have a good business plan and leverage marketing strategies. The demand for resin figurines and unique resin art pieces has been on the rise in recent years, so there’s a healthy market for them.

How to Enter the Market of Resin Figurines

1. Identify your target audience

Identifying your target audience is a huge part of setting your resin figurine business up for success from the start. You need to determine what your customer base is and understand it well. So, who could be interested in buying your resin art? Is it gift shops, collectors, interior designers, etc.? Knowing your target audience will help you create effective marketing strategies to reach them.

2. Have a unique product

Your creativity is your most important asset when it comes to a resin figurine or art business. You want your products to stand out, so you have to lean into your uniqueness. Consider experimenting with different types of resin figurines or products and create a signature piece or style.

3. Create a pricing strategy

Once you know what kind of product you’re offering and who your ideal client is, you can create a pricing strategy. Setting the right price for your product is vital. To do that, you have to conduct some market research. Look at potential competitors and see what they’re charging, but also consider the cost of materials and time spent on making the resin pieces.

What Kind of Resin Products Can I Sell?

One of the great things about resin products is that you’ll have a lot of flexibility. Whether you’re a beginner or an expert at making resin pieces, you’ll be able to find a product to sell.

The most popular options include resin figurines for collections and home decor, resin jewelry, resin coasters, resin keychains, resin charms, resin decorations such as seasonal items like Christmas tree ornaments, and so much more.

So, consider your skills and the target audience that you want to reach. Moreover, it’s essential to create a strong brand identity around your resin products. Whether you decide to make jewelry or decorative items, make sure that you create a unique style that people can gravitate towards.

How Much Does It Cost to Start a Resin Business?

On average, starting a resin figurines business or any kind of resin art business can cost between $1,000 and $5,000. That includes materials, equipment, protective gear, and marketing expenses.

Usually, resin art businesses can start making a profit within 6 months to 1 year. Of course, this requires you to have a solid business plan, have good marketing strategies, and be consistent with the quality of your products. It’s also important to have strategies to maximize profits.

For example, building a strong social media presence can be of huge help. Improving your skills can also help you maximize profits, as well as offer personalized products. Another thing you can do to maximize profits is to find ways to streamline the production process so you can create more pieces in less time.

How Much Money Can I Make from a Resin Figurines Business?

The potential income for a resin art business will vary depending on several factors. For one, your skill level. The more skilled you are, the more you’ll be able to charge for your work. However, you can start at any level and grow your skills alongside your resin art business.

Additionally, the size of the resin pieces also makes a difference. If you’re focusing on large, time-consuming pieces, you’ll be able to charge more than you would for jewelry or coasters. That said, small pieces can be made in larger quantities.

Lastly, your location is also a factor. If you live in a large city with an interest in art, you’ll have more opportunities to sell your work and charge more. Now, with the rise of e-commerce, location is no longer the hurdle that it used to be.

Final Words

If you’ve been looking at your favorite resin figurines supplier, and dreaming about starting your own business, now’s the time. The resin art market offers a lot of opportunities, no matter what your initial skill level may be. As long as you create a solid business plan, you can turn your hobby into a side hustle.

In the meantime, if you want to find new resin figurines for your home, take a look at Ennas Gifts!