Crochet as a Home-Based Business

Similarly to knitting, crochet has been seeing a nice resurgence in popularity in the recent years. Crochet is generally thought of as being quicker and easier than knitting. While the two are similar they require entirely different skills to master. But, the good news is that both are fairly easy to do once you learn the basics.

Items made from knitting and crochet are all the rage today. And, for those who do not have the skills or time to create them themselves, they are willing to pay you to make handcrafted items for them!

There are three ways you can make a business out of your crochet work. The first is to make items to sell, the second is to teach others to crochet, and the third is to sell crocheting items online for other crafters to use.

You can easily sell your crochet items at local craft fairs or online. And, the best thing is that all you need to get started is a ball of yarn and a crochet hook!

Whether you choose to sell your items, teach, or sell retail, there are a few basic business guidelines that you will need to follow to be successful. Some of them are:

The Business Plan

No matter what business you decide to start, you 100% have to have a solid business plan. There is no way possible to have a successful business venture without one. The best way to develop your business plan is to think about all of the variables which go into your unique business, and what your ultimate short-term and long-term goals are for the business. With all of this information, you can sit down and formulate a business plan without it taking you a lot of valuable time. You can easily make a business plan with a pencil and a piece of paper.

Financial Records

The best thing you can do for yourself is to keep good business records from day one of your business. Start with the fees to get a business license, and start recording every single business expense that you have. By doing this as you go you will save both yourself and your tax preparer a ton of headaches come tax time.

Setting Your Prices

The number one mistake many home-based crochet businesses make is to charge too little for their services. You need to make a living, and you need to be pricing your items and services accordingly. Whatever you do, do not sell yourself short! Ask a going rate for your items and services and expect that people will pay you what your time and product is worth. This allows you to work smarter and not harder! And, it allows you to stay in business because you are seeing some profits from your time investment.

Marketing

Marketing is simply getting the word out and letting others know your business exists. You can market online, through a press release sent to your local newspaper, flyers, brochures, craft fair booths, etc… Anywhere you come into contact with potential customers you can market your items and services. You can even do simple things like always carry business cards, available these days very inexpensively online, and hand them out to everyone you meet as you go through your days.

The absolute best way to market your business is through word-of-mouth. Once your business gets going, if you treat your customers well, then they will tell their friends and family about you; this will bring you more customers without having to pay a dime to advertise.

As you can see there are a lot of things for you to consider when you are thinking about starting a home-based crochet business. However, your business can be very successful and profitable if you take the time to make it so. Your options are only limited by your imagination and the time you invest in your business venture.