Knitting For Profit

If you love knitting and have ever wished you could make money from it, then make sure you keep reading because I


Archive for March, 2009

Knitting Business Success Story – Jill and Susan from Y2Knit

Thursday, March 26th, 2009

Susan and Jill have brought together their love of knitting and yarn, their skills, life passions and experiences to create www.Y2Knit.net, a knitting business with a difference!

They are a wonderful example of the many paths that a life in knitting can take you down, and how being creative with your approach can set you apart and make your knitting business a success.

Both Susan and Jill have been knitting since they were young children, and both have been teaching knitting for many years now. Their knitting business, Y2Knit, has evolved over the last few years to include not only the yarn store, but also knitting workshops (online and live), an extensive pattern collection, two published knitting books, two more books on the way, and of course their famous knitting retreats!

“Jill and I both loved the idea of combining a relaxing experience with knitting workshops, good food, yoga, massage and fun conversation. Our most recent knitting getaway was in Tuscany” says Susan.

This is a great example of finding a niche and doing something that really sets you apart.

Both Susan and Jill attribute their success to determination and hard work, as well as flexibility and being able to capitalise on each others skills. “We tend to have different strengths, so we can balance each other, and we are also able to bounce ideas off one another” says Jill.

They both had some experience in business when they started out, and now have a knitting business plan which helps keep them moving in the direction they want to go. “We are constantly looking at how we can excel and succeed in our knitting business” says Susan.

And they have some great advice for anyone wanting to start teaching knitting:

“I think the first step is to identify if you are a good teacher. Try teaching your friends and see what it’s like. If you find that you can’t stifle your impatience, then teaching knitting isn’t for you!

Jill and I both love to teach knitting, and I think that our enthusiasm shows through. To start, develop some lesson plans, find a venue, and work at getting people to sign up. To be an entrepreneur, you must be able to do your own marketing.”

They freely admit that their hours are long, and it can be challenging to embrace the rapid changes that have occurred in this industry over the last few years, but both Jill and Susan show a wonderful passion for knitting and teaching knitting, and live life surrounded by the people and things that are most enjoyable for them, a dream come true for many of us!

If you have found Jill and Susan’s story helpful and inspirational, or would like to know more about how to start teaching knitting, please leave a comment!

Niche Knitting Yarn Review – Bamboo Yarn

Wednesday, March 18th, 2009

One way to make your products unique and specialised for a niche market is to use unique yarns with special properties. A good example is Bamboo Knitting Yarn, which is now becoming very popular.

Bamboo Yarn will give your knitted pieces some fantastic natural advantages that will immediately make them great niche product for babies or people with sensitive skin or allergies.

This amazing natural fibre:

►Gives a beautiful, soft silky yarn that is lightweight and has a lovely lustre

►Does not pill as easily as some yarns

►Is Hypo-allergenic and Anti-bacterial, making it ideal for babies and people who have sensitive skin and can’t wear wool or other fibres. It’s antibacterial qualities also make it an excellent knitting yarn for socks!

►Is lighter than cotton and makes breathable garments with a lovely drape, comfortable for summer wear

►Makes UV protective garments

►Has high moisture absorption and anti-bacterial properties, making it a good choice for washcloths and hand-towels

►Is Ecologically friendly – bamboo is a totally renewable resource, the plant does not have to be destroyed to be harvested, and regrows very quickly. Bamboo plants are very resistant to microbial attack and so do not require chemical sprays. The whole distilling and production process is non-polluting and produces natural and eco-friendly fiber without any chemical additives.

►Is totally plant derived so is suitable for vegans who do not want to wear animal fibres

►Is totally biodegradable

The only down-sides of pure bamboo yarns are that they need to be hand-washed, and they do tend to split while you are knitting with them. Some brands seem to have more knots and imperfections in the yarn than others.

Using Bamboo or wooden needles (not metal needles) is one way to avoid splitting.

Also have a look at the many blended bamboo yarns, which will give you the wonderful properties of bamboo, and reduce the tendency for splitting.  Silk/bamboo blends are popular for a really beautiful shiny finish, and a bamboo/cotton blend for great natural look and absorbent properties.

If you are promoting your bamboo-yarn products as antibacterial, it is best to use 100% bamboo yarn. If you really want to use a blend, then make sure you use one with at least 70% bamboo content to ensure the finished garment still has these antibacterial properties.

Some 100% bamboo yarns that are available:

►Bam Boo by Classic Elite

►Bamboo by Southwest Trading Company

►Just Bamboo by Sirdar

►Bamboo Tape by Rowan

If you have used any of these and have some feedback, leave a comment and let us all know what you thought of it! In the meantime, I’ll keep scouting for other new yarns and blends that will help your knitting business stand out from the crowd!

The Knitters Guide To Business Cards

Tuesday, March 10th, 2009

Business cards are absolutely essential for knitting for profit, so how do you make sure they help you sell more of your knitting, and where's the best place to get them?

When you are knitting for profit, one of the most important things you'll need to do is get your name and knitting product range known to your customers. If you have been smart and chosen a niche market, you will have a very clear idea of who your customers are, where they are shopping, and what they are looking to buy.

Now you just need to find them and let them know that you have the solution to their needs and desires! One of the ways to do this is to make sure you have professional looking business cards that immediately tell people who you are, what you sell and who the knitted products are meant for.

Many knitters make the mistake of only putting their name and address on their knitting business cards – but that tells your customers nothing about how you can help them! When you design your card, you must make sure you include a clear description of your knitting product range or service, and how it will benefit your customer. For example:

knitting-business-card-example

If someone with sensitive skin sees Jane's card, they are much more likely to (a) keep the card, (b) call Jane for more information about her knitting range or (c) pass the card on to someone else they know who has sensitive skin or allergy problems.

Now this is just a quick mock-up I did on my computer…and realised afterwards that I left out Jane's last-name…we all make mistakes :) , but the point is, even with seemingly important details like that missing, people would still be more likely to call Jane's knitting business from this card, than if she just had a plain old boring card with only her name and contact details on it.

Business cards are so important for getting free publicity for your knitting business. If you display at craft shows or markets they give customers (and potential customers) a way to contact you later. Every knitted item you sell should have a swing tag or business card attached, because people who have already bought from you are the people most likely to buy again, and they need to be able to find you.

So where do you get knitting business cards?

There are lots of online business card providers, but always remember – you get what you pay for! If the deal seems cheap, its probably because they are using cheap or thin card and low quality printing inks and processes. I have been burned by this – ordering what was described as “premium” business cards and getting undersized cards on thin paper that looked like I'd printed them myself on a home inkjet printer!

So if you use an online provider, check the SIZE of the cards (standard business cards are 89 x 51mm or 3.5 x 2 inches), the WEIGHT of the card they are printed on (should be at least 80lb stock, 350g/m2 or 12pt thickness or they will look and feel cheap) and the FINISH of the surface (the best, most popular finishes now are low-sheen or semi-gloss.

Some people still like high-gloss and matte finishes, but be aware that many people think these finishes make their cards look cheap). Also check postage costs as they can make seemingly cheap cards very expensive!

I have used ClickBusinessCards.com and been happy with the results. I live in Australia, so use the Australian branch, but they also have sites for the USA, UK and New Zealand. Like most card companies online, they have standard templates that you can modify yourself.

Try typing 'business cards' into your local google search and you'll find plenty of different sites. The other site I like is zazzle.com, which has some beautiful templates you can use for swing-tags.

The other option is to go to your local printer or graphic designer. This means you'll get much more personalised service, and is a good way to go if you are not confident designing yourself, or would like some advice about layouts and colours for a knitting business card. Just remember, on your knitting business cards you should include:

►Your Business name (if you have one)

►Your name (and title if you want, eg director, creator or owner)

►Your postal address

►Your phone number(s)

►Your email address

►Your web site or craft-mall address

►A description of your knitting products or services

►Their unique features

►How they will benefit your customer

This will help you get more customers, and make sure that your existing customers can buy from you again and again, helping you to make more money from your knitting!

Three Essential Rules For Selling Your Knitting

Saturday, March 7th, 2009

If you want to make money from your knitting, having good sales skills will help you enormously. This article will show you how you can sell your knitting effectively, without being one of those ‘pushy’ salespeople. salesman

Many people find the thought of being a salesperson quite foreign and uncomfortable, especially when the image that the word ‘salesman’ brings to mind is something like this!

But it’s a myth that you need to be confident, loud or pushy to be a great salesperson especially when it comes to selling knitted products. True, there are some salespeople who are like that, but it’s actually the quiet, caring listeners who are the most successful.

So don’t automatically assume that you will not be a great salesperson, even if you feel a bit uncomfortable with the idea at first. This article will show you how a true professional conducts themselves and have customers who trust and respect them.

This is great news for knitters who wish to sell their knitting face to face!

The art of selling is not about being a great talker, or pushing people into buying things. It is actually about listening to what the customer wants, and finding a solution to their needs or problems.

I have done a lot of face-to-face selling in my time, and I have found that there are three simple rules to live by. These rules can be used by all knitters who wish to sell their knitting face to face.

Rule #1: Selling is about building relationships, not just flogging product.

Everybody likes to deal with someone they trust and feel comfortable with. Your first goal in the sales process is to connect with your buyer. Find some common ground to share such as your love of knitting or crochet, yarns, wool, knitting patterns or knitting fashion, even your children or common experiences.

It doesn’t matter if this is a customer at a small craft fair or the buyer for a multi-million dollar knitting magazine or design house, they are still just people who want to deal with people they like and feel connected to. The more you build up relationships with your customers, the more they will want to keep coming back to enjoy your service and support your knitting business!

Rule #2: Selling is about asking questions and listening, not just talking facts.

Don’t get me wrong, your customer needs to know about the knitted products that you offer, but if you went into a yarn store looking for all natural yarn and the owner insisted on telling you about their entire range of synthetic knitting wool, you would get a bit frustrated and annoyed, wouldn’t you? You would feel that they are not listening to you, and you may never return for fear of wasting your time and money again.

Your customers feel exactly the same way when you try to tell them absolutely everything about yourself, your knitted products and your knitting business.

Your goal is to find out about your customer and what they are looking for. What do they really want or need? For example, if it is a knitted gift they are buying, who is it for? What is the occasion? What sort of things does the receiver like? How much are they looking to spend?

You are getting involved in their decision and helping to guide them towards a choice they will be really happy with. Remember, you are the knitting professional. You know your knitted product range and services better than they do. They are trusting you to listen to what they need, and then recommend the knitted products that best suit those needs. If you do this, you will have happy (and very grateful) customers!

Rule #3: Make it easy for your customer to buy.

If you have followed the first two rules, the customer should feel safe that the knitted product or service you have offered will suit their needs. But no matter how much advice and service you give, if they don’t actually buy then it is all for nothing. You need to make it easy for the customer to buy, so you must still ask for the sale.

Again this does not have to be pushy. It can be a simple question like “would you like me to gift wrap that for you?” or “shall we fill in the paperwork?” or “how would you like to pay?”

Most times, if you have created a connection, then listened and guided them well, a little nudge is all it takes for them to get out their wallet and say “Yes, please!” And that of course is the point at which you get paid for your knitting, which is the ultimate aim of knitting for profit!

Make sure you practise these skills at every chance you get. Whenever you do a craft show or a market, get yourself into “listening mode” and really get involved with your customers. It’s a great feeling when you have helped someone find what they really wanted, and you will have created a connection with another person who will be more likely to come back and buy again, and recommend their friends too.

I think one of the best things about Knitting For Profit is the network that you can form with your customers. As long as you sell with integrity and goodwill, you will have a network that continues to grow and grow!

Make Money From Knitting – The Top 5 Questions

Saturday, March 7th, 2009

Here are the answers to the 5 most common questions I get about Knitting For Profit. If you have another to add to the list, feel free to leave a comment and I'll do my best to include the answers in another post, perhaps titled "A whole lot more questions about Knitting and Crocheting for Profit!"

Do I need lots of money to start up a knitting or crochet business?

The great news for knitters is…NO! Having a big idea and goal is great, but the best way to start a business is small, and you really don't need much money to begin with. In fact, most of the successful knitters I have found started out with very little money – many were work-at-home mothers or students.

Knitting Business Start-up Tip…

One of the secrets to business success is to test your markets, so you can provide what the market really wants, rather than what you think they want. To do this, you don't need to knit or crochet a huge range all at once. Start out with one or two knitted products at a time, see how well they sell, and focus on the ones that do well. There's an old rule that 80% of your profits will come from 20% of your products, so that's what you need to try and find. The actual costs of starting up a business vary around the world, but these are the main things you will need to allow for in your start-up budget:

1. Your knitting supplies and yarn

2. Some promotional material like business cards and brochures

3. Business registration or license

4. Insurance

5. Some advertising like a website, craft shows, local paper or yellow pages etc.

Do I need to have business experience to start knitting or crocheting for profit?

If you read the knitting success stories here on this blog and in my Knitting for Profit book, you'll see that most of these knitter women had absolutely no business experience when they first started out. And when you think about it, every successful business person had to start somewhere. Most of them admit they just jumped in and learned things as they went along! If you would like help from the start, there are lots of government and not-for-profit organisations that offer start-up support and advice. My Knitting for Profit book has a step-by-step guide to starting a knitting business, and links to these resources in many countries around the world. And I think it's really interesting that the most common piece of advice that successful business people give to newbies is not about complex business strategies or start-up budgets, it is simply…. 'Just do it!'

Knitting for $$$ – Can it really be done?

Absolutely!! In my extensive worldwide research I have found many examples of successful knitters making money from their passion. One of my main reasons for writing this blog and my book 'Knitting for Profit' was to share these amazing and inspirational stories of knitter women who have achieved their dream of making money from knitting or crochet. You can read some of their stories here on this blog. When you do, you will realise that they started out just like you, some with no money, some with no business experience, some with small children and mortgages. Anything is possible, especially when you have the right information and resources to start with.

What if I'm not a good salesperson, or I don't think I would enjoy trying to sell my knitted products?

Selling your products is just as achievable as knitting or crocheting your products, it may be new to you and feel a bit strange at first, but once you learn the three simple rules of selling (see my blog article 'Three Essential Rules For Selling Your Knitting'), you'll see that sales is much more about genuinely helping your customers choose what's best for them, rather than pushing them into something they don't really want. Besides, there are many ways to sell your knitted products without ever having to talk to the buyer, and if you make a great product that appeals to a niche market then you won't have to sell it, because it will sell itself!

What do I do first?

The very first steps for starting your knitting business are actually the easiest and most exciting ones! This is the part where you get to shop around for ideas and inspiration, decide on your path and begin your journey.

Step 1: Research your market and assess your knitting skills and desires. One of my goals in writing the Knitting for Profit book was to make this process easy for you. I have uncovered and developed five main strategies that you can use to make money from knitting and crochet (in the Knitting For Profit book I go into great detail about these five strategies). You need to choose one of these paths based on your knitting skills and what you are attracted to.

Step 2: Find your niche market and decide how you will make your knitted products stand out. This is absolutely essential for your success.

Step 3: Write a business plan. This will be your map to guide you on your 'knitterpreneur' journey. It will help you decide who your customers will be, what knitted products you will sell, where and how you will sell them, and what knitter resources you will need to start out. There are lots of standard business plan templates available for free online (have a look on the US small business site, it has a fantastic range of resources for new businesses at www.sba.gov), or you can use the specialised Knitting Business Plan Template that comes as an extra bonus with the Knitting For Profit book.

At the risk of sounding repetitive… :) if you would like to know more about these steps and how you can easily achieve them, read more about my new Knitting for Profit book at www.KnittingForProfit.com

Knitting Success Story – Ruth From nonstopknits

Friday, March 6th, 2009

This month’s Real Live Knitting Success Story is featuring Ruth Boelkins from nonstopknits, who has taken her knitting hobby and passion, and turned it into a thriving small business.

Here’s how this "beginner knitter" made her home-grown knitting business a success…

How did she start her knitting business?

Ruth is relatively new to knitting. It took years of persuasion, but 5 years ago she finally allowed her mother-in-law to teach her how to knit. She was instantly hooked, and hasn’t stopped since! She now creates a beautiful range of knitting patterns, as well as finished hats and purses for her very appropriately named knitting business, nonstop knits.

Ruth first started selling her creations at local Bazaars where her hand-knitted items sold very well. She had discovered one of the keys to success in selling hand-crafts, which was to make her knitted products unique and different. By using interesting styles and colours, and adding knitted flowers and decorations to her work, she presented knitted pieces that people could fall in love with and desperately want to own.

She then started taking custom orders, and it wasn’t long before her knitting business grew. Most of her sales are still local, driven by art sales and word of mouth. She also sells knitting online through her etsy.com shop at www.nonstopknits.etsy.com

A profitable knitting niche by accident?

Ruth found another knitting niche market by chance one day when she created a knitted hat for her son to wear to Ice Hockey. "My intention was that Adam would have a cool knitted hat," she says. He started wearing it to the rink and a coach commented on it, so she made knitted hats for all the coaches. Then, parents started requesting knitted hats for their kids, and suddenly she had a whole new income stream!

How did her knitting business evolve into knitting pattern design?

Ruth didn’t aspire to become a knitting pattern designer either. She started getting requests for her knitting patterns when visiting yarn stores with her daughter, who often wears her mother’s original knitted designs. After many requests for knitting patterns from other parents, she was lucky enough to get the support and encouragement of a local yarn store owner who said she would sell her knitting pattern for a felted purse if Ruth would write it down.

This apparently gave Ruth the push she needed, and she hasn’t looked back. Ruth had hit on another niche market with her knitting patterns. They are appealing to both new and experienced knitters because the projects are quick to knit, and the directions are very detailed. Her knitted hat and purse patterns are made using circular needles and don’t require expensive yarns. If someone knows they need a couple of gifts, or want to whip something up quickly, many of the projects can be made in an hour or two.

Looking back, Ruth says she is glad she finally picked up the pointy sticks. "I love that it began as something within my family," she says, "I have on my knitting patterns that I’m a home-grown business, and that couldn’t be more true." Ruth says the experience has also made her a more avid supporter of other local businesses and connected her to other creative people. "That’s been a really enriching thing, to bump into other knitters and discuss what we love to make".

Ruth’s advice to up and coming Knitterpreneurs:

‘Many of my knitting patterns are for small fast projects, which is a great way to begin. A hat on circular needles is easy to hold and a fun way to knit, you can make a range of sizes, you only need to purchase limited supplies and you can experiment with color changes as you go. Projects with no seams make for nicer finished products as well.’

‘I am on a steep learning curve as I make my knitting hobby and passion into a business. I constantly try to keep my focus on doing what I love. Designing, creating and fitting art into life is the edge where I like to work. If you want to sell your knitted items, my advice is to listen to the comments people make about your work and watch how they react to your products. This will show you where your marketing opportunities are.’

If you would like to see Ruth’s knitting patterns and products, have a look at her etsy shop at www.nonstopknits.etsy.com If you have a knitting or crochet success story, we would love to feature you here as part of our real live knitting success series! Just drop me a line at liz@knittingforprofit.com

Five Money-Making Knitting Niche Ideas

Friday, March 6th, 2009

dreaming-girlIf you want to make money knitting, my golden rule is to find a niche. No matter which of my Five Knitting For Profit strategies you choose to follow, in order to really make a profit from your knitting, you need to be a bit different, stand out from the crowd and fulfill a need in the marketplace.

So here are five more Money Making Niche Knitting Ideas (there’s a theme here if you’re looking…)

1. Knitted Wedding gifts – have a range of knitted pieces that would make a thoughtful and appreciated gift for a couple starting their married life. For example, ‘His’ and ‘Hers’ or names/initials knitted into scarves, hats, jumpers, pillows or blankets. Or his and hers versions of the same knitted item, like beanies knitted in complimentary or matching colours. You could also provide useful knitted household items like potholders or washclothes in silver or white.

Use wedding bell or heart motifs. Once you specialise like this, it is easier to find ways to sell your knitted products too. You can contact local wedding or bridal shops, go to bridal shows, find companies that specialise in wedding gifts or kitchen tea parties (there are lots online) and list your knitted products with them, or see if local gift shops would like to stock your knitted pieces. You can also sell your specialty range through one of the may online craft malls. It’s amazing how word spreads when you have something unique to offer!

2. Christmas Ornaments and Stockings – I know of knitters who have great success and more back-orders than they can handle for these knitted or crocheted products. You can either sell the finished items, or you could sell the patterns. It’s very seasonal but it’s a wonderful time of year to be selling knitting! For pattern ideas look up Christmas knitting patterns in your search engine.

3. Mother’s Day gifts – although it doesn’t have to be mothers day to give your mum something nice, if you have a themed range of ‘gifts for mothers’ it is easier for your customers to find you…usually fathers and children! There is a lovely little ‘treasure locket’ pattern on purlbee.com, and so many other lovely, thoughtful hand knitted things that you can create with mothers in mind.

If you chose this niche, I would label each knitted item with a tag that said ‘special gifts for mum’ or something similar, to really show customers that’s who your products are designed for. And whether you choose to sell online or off, people will know right away that a gift purchased from you is a gift that is meant for their mum, and that she will enjoy receiving it.

4. Flag designs – people love to celebrate their heritage no matter what time of year it is, but on national days people want to show it even more! You can put flag designs and colours on almost any knitted product, from blankets, shawls, scarves and hats, to booties and baby wear, to potholders and washcloths. You then have a specialised range of knitted products that really appeal to people who love their country and are proud to display it.

5. Costumes for pets or children – unique and funny designs are the key here, because if you create something different, word will spread quickly and you’ll enjoy lots of sales! A couple of examples are the very successful baby viking hats from bellaknitting.com and the ‘Kritter Knits’ at ByMelissa.net. Themed costumes for Christmas, Easter, Halloween or Thanksgiving are always popular too, and a great way to get your knitted products and name known.

So there you are, five more niche knitting for profit ideas that are already making money for knitters around the world! If you have any more suggestions I’d love to hear them, so please leave a comment!

What is Knitting For Profit? And What Is A Knitterpreneur?

Friday, March 6th, 2009

knitting-dollar-v31“Knitting for Profit” means you are making money from your knitting skills (yay!!). This can be achieved in a variety of ways, but how do you become a true "Knitterpreneur"??

Knitting For Profit could mean you are selling the pieces you knit, or it could mean you are getting paid to teach other people how to knit, or you could be earning money from your knitting designs or knitting patterns. Whichever way you earn, you are being paid for your knitting skills and talents, and you have become a ‘business owner’, no matter how much or little money you are making, or whether you officially call yourself a business or not!

You see, there are many different levels of ‘business’. You may think of a knitting empire. A large fashion-knit design company, or popular knitting or crochet magazine, or perhaps a large established knitting pattern design company or yarn manufacturer. Million dollar turnovers, worldwide distribution and teams of staff. This is a big vision, but entirely possible as shown by the large knitting companies that already exist.

Or you might be thinking of a smaller knitting business. Based at home or in a retail shop, one or two employees and creating enough income for you to live your knitting passion and be surrounded by the things and people you love. Lots of knitters live this vision by owning yarn-stores.

Or what about just a bit of extra income for the family? Not getting rich, but having enough to be able to stay at home and care for your children. Enough to keep your family comfortable, and let you keep on expressing your creative spirit.

Or perhaps you just think of knitting. A micro-business that lets you buy all the yarn you desire, and makes enough so you can knit for free!

No matter what your goal or vision, if you make money from your knitting, you are knitting for profit, and you are what we call a ‘Knitterpreneur’.

We believe anyone who starts a business, no matter how big or small, must have some entrepreneurial spirit in them! So we created the word ‘Knitterpreneur’ to describe all of the amazing people who go on that journey using knitting or crochet.

Get some inspiration and ideas from the real live stories of Knitterpreneurs on this blog – have a look in the ‘Success Stories’ category for them. They are well worth the few minutes it takes to read! There are also more in depth interviews in my book "Knitting For Profit".

I hope you’ll join us in the Knitterpreneur community, by learning all the tips and tricks to Knitting for Profit found here and in my book. My book is designed to be a step by step guide to helping you become a successful knitterpreneur. And if you would like to share your own story with us all, please contact me at liz@knittingforprofit.com, I’d love to hear from you!