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Some Useful Statistics About The Growing Scrapbooking Market
According to several recent polls conducted by industry leaders, scrapbooking is one of the fastest growing craft activities.
The latest demographics show the following trends:
Interestingly, 74% of the respondents also are involved in rubber-stamping, 46% enjoy paper crafts and 27% say they are involved in Painting/decorative painting. All three of these crafts can, and are used to enhance many scrapbooking projects.
Other crafts that scrapbookers are involved with include: Seasonal Crafts (41%), General Crafts (34%), Sewing (fashion/home decorating), Needlework (26%), Quilting (20%), Knitting/Crocheting (17%) and Jewelry Making (10%).
According to the Hobby Industry Association, retail sales for the scrapbooking industry climbed from $400 million in 1997 to $2.5 billion in 2003.
Although the industry is still growing, it’s becoming more difficult for independent dealers to make a profit, and oftentimes, any profits made by the smaller “mom and pop” stores must be put back into the business. As the industry has flourished, competition from large corporations has increased.
Industry insiders insist that the scrapbooking market is still growing and that there is room for people still interested in starting a career. The best advice before starting any business is to conduct careful research and do the necessary preplanning. That way you will know what you are getting into before you start.
To find the right scrapbooking business opportunity for you, visit the Scrapbooking Business Directory.
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