Nov
17
How to start a knitting business?
Filed Under Hobbies & Crafts
Hannah W asked:
I need some extra money because I’d like a new phone and my mom wont buy me one because she thinks I don’t need it. So, I was wondering what is a good way to get a knitting business started?
Pumpkins
I need some extra money because I’d like a new phone and my mom wont buy me one because she thinks I don’t need it. So, I was wondering what is a good way to get a knitting business started?
Pumpkins
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4 Responses to “How to start a knitting business?”
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If you knit well, you could make a few items and take them to a store that sells winter items and ask them to sell your things on consignment. When things sell on consignment, the store keeps a commission and you get the difference. You will have to make sure that the prices cover the cost of your materials, the store’s commission, and a bit of profit for you. The only other way, would be to rent a booth at a craft show and sell your items there. You will probably need a vendor’s licence to go that route. You would have to knit quickly to get enough to make a good presentation though, because you have only a limited time to make any sales at a craft show.
You could also try a website called Etsy.com. It’s basically a site for buying and selling things that are handmade. The site does take a little bit of money if the item sells (low % if I remember correctly). It’s all explained on the site.
Good Luck.
When I as young, and wanted my own phone in my room so I got as many jobs babysitting as much as possible to save the money for the installation fee, and the new phone, and the bill I had to pay to keep the phone. I also, bought my own clothes this way as well, and sewed many of them too. I did odd jobs and chores and charged my parents for it. They didn’t have much money so I got what I got and worked hard for it. I discussed it all with them first and worked out a plan that was ok with them. (Such as I would iron for my Dad 3 shirts for a quarter, and did the family’s laundry and got 25 cents per load, washed and dried and folded or hung up) I certainly didn’t get rich. But did make my goal. I never had to ask my parents to pay my phone bill.
If your Knitting is good, then explain your goal,and post up notes about handmade items in your Church, or Senior Center and at schools. See if that helps you get started.
I have a couple of ideas for you but first I want to say beware of consignment. It can be great but it can also be really bad. If you do choose to go with consignment do a little bit of research first. Visit the stores anonymously to see if your items even fit in with the merchandise they sell. If so, set up an appointment to have a sit down meeting with whoever is in charge or purchasing. Ask first if they would be willing to purchase your items for in their store, if not then you can mention consignment, just be sure they keep good records. If they don’t keep good records it could end up taking a long time for you to get paid for the items (once it sells of course) or you may end up not being paid at all.
I would suggest signing up for etsy, it’s twenty cents to post an item and when it sells they take 3% and the rest is your profit. If you go this route, make sure you include shipping!
You could also find local arts and craft fairs and set up a booth there. You’ll want to have a decent amount of inventory before doing this though as you’ll want to have options appealing to those visiting the shows.
Third idea is to take pictures of some of your stuff and advertise in a local newspaper, flyers on bulletin boards, etc.
Best of luck to you on your new endeavor!!!