Case Study: Spot Colors hits six figures with Craftybase

Spot Colors hits six figures in 2021 with Craftybase

Spot Colors, a cross stitch kit business founded by Nicole LaBranche, initially treated its operations as a side income without a clear understanding of its product costs. This made pricing a guessing game rather than a strategic decision, especially as the founder prepared to transition the business to a full-time venture. To address this challenge, the company turned to Craftybase for its inventory and manufacturing software.

Using Craftybase, Spot Colors was able to meticulously track the cost of every component in its kits, from threads to packaging. This accurate recipe costing provided the clarity needed to set profitable prices and manage inventory effectively. The shift in financial understanding contributed directly to the business's success, enabling it to surpass six figures in revenue in 2021.

Spot Colors