Handmade Success: Mastering Your Numbers for Business Growth

Jan 23, 2024
Biblical principles for successful handmade business marketing

New to tracking your numbers? This post is for YOU!

Proverbs 27:23 says: 'Be sure you know the condition of your flocks, give careful attention to your herds.' This wisdom rings true in our businesses too! It's all about understanding your financial health - like a shepherd knows every sheep, we need to know our numbers. Here's a little guide to help you shepherd your financial flock:

Key numbers to track inside your handmade shop:

Average Cart Value (ACV):

  • What is it? It's the average amount each customer spends per purchase.
  • Why it matters: Boosting ACV can be a game-changer for your revenue! Think of it like adding extra wool to each sheep – more value per part!

Profit Margins:

  • What is it? This is the difference between your sales and the costs of making your products.
  • Why it matters: Knowing this helps you price your products smartly. It’s like understanding how much pasture your sheep need to thrive!

Sales Made This Month:

  • What is it? The total amount of sales you've made in the current month.
  • Why it matters: It's a direct reflection of your business activity. More sales, more thriving sheep!

Profit Made This Month:

  • What is it? The actual profit after subtracting your expenses from your sales.
  • Why it matters: This is what you actually earn. It's like counting the healthy lambs after a season!

Email List Size:

  • What is it? The number of people subscribed to your email list.
  • Why it matters: Your email list is like your flock of potential buyers. Growing this list means reaching more hearts and hands.

Starting Tip:

Try setting up a simple Google Sheet to track these monthly. It's a wonderful way to watch your business grow over the year.

Quick prayer over you:

Lord, thank you for guiding this sweet maker on her journey. Bless her with clarity as she navigates her numbers, revealing the growth and potential in her business. May this exercise not just be about figures, but a testament to Your grace and guidance and blessing in her business. We're so grateful for all you do. In Jesus' name, Amen.

Keep shining and growing, sweet sister!

Cheering you on,

-melissa

 

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