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So, I've been doing a lot of thinking about the crafting market. My family in the Midwest is pretty big into it. So, I did a little research on the size of th
by iamelgringo 18y ago
So, I've been doing a lot of thinking about the crafting market. My family in the Midwest is pretty big into it.
So, I did a little research on the size of the market: $30 billion in 2006. The average annual spend per household: $476
Source: http://www.craftandhobby.org/history/tn-size.php http://www.craftandhobby.org/history/tn-size.php
Film industry: 60 billion
Source: http://mpaa.org/press_releases/mpa%20us%20economic%20impact%20report_final.pdf http://mpaa.org/press_releases/mpa%20us%20economic%20impact%...
Video Game Industry: $28-42 billion
Source: http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_9/ai_n15786004 http://findarticles.com/p/articles/mi_m0EIN/is_2005_Nov_9/ai...
There's a lot more startups dedicated to Movies or Video games than there are to crafting and hobbies. And, a lot less competition in the marketplace.
- jamesbritt 18y ago"So, I did a little research on the size of the market: " Generally speaking, how does one go about researching the size of some arbitrary market?
- herval 18y agoGoogle, maybe...