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Knitting Business Idea

Interested in starting a knitting business but not sure how to get started? Read on to learn some of the basics.

Get the word out. Don’t spend a lot of money doing it, however. Word of mouth is a powerful tool. Give several of your knitting business cards to everyone you know, to pass along.

Make them yourself with inkjet or laser office supply forms, or have inexpensive black and white ones printed.

Describe your business on the card so people who don’t know you remember why they have it; "Special Order Knits by Sue" would be memorable. Include all of your contact information.

Tell your friends and family you are taking commissions, and if they want something for a Christmas gift, they had better get their orders in soon! You can show them patterns that you have, or they can pick up a pattern from a yarn shop or off of the internet.

Suggest that the buyer purchase the yarn, and charge only for your time, so that you do not have to invest your money in the project. For more business exposure you can even host knitting parties.

Your Knitting Business – Importance of Craft Shows

Get into a craft show. Find some local craft shows that take place any time from late summer up until the beginning of December. Attend the shows, and gauge which one would be a good fit for the types of items your knitting business produces.

Consider whether there are other knitters, and whether or not they do similar projects. It’s not a problem to have multiple knitters at a good craft show; it might even be a good draw. You should, however, have a niche, because you’ll stand a better chance of selling.

Stick to one show for your first go, in case you run low on items by the end. You don’t want to have to drop out of the next show and throw away the entry fee just because you had a great show the week before.

Contact the coordinator soon after it closes; with any luck, there will be a booth for you next year. If not, be sure you have a backup or two on your list of possible shows.

Confirm by mail your interest in joining the show for next time, and pay the entry fee on time to reserve your place. Calendar an appropriate date to send post cards to your friends and family with the event information.

Determine what the size and location of your booth is, and what amenities are available, such as electrical outlets, tables, and chairs, and food service, and plan your booth accordingly.

Professional Displays

Consider display: cloths to cover beat-up tables, hat forms or mannequins, small spot lights. If your booth is near a wall, use it to place something eye-catching up high, to be seen from across the room. Consider your comfort: bring a cushion for a hard chair, cooler with your lunch and beverages, and something to knit to during a lull.

Consider sales: bring a calculator, sales slips, pens, change bank, bags, artist’s statement, andbusiness cards. If your state requires you to collect sales tax, you will have to obtain a seller’s permit. Check with your state’s Department of Revenue web site for the steps you need to take with your knitting business.

Arrange your booth with like colors together, as it will be more eye-catching and inviting. Take a picture of your booth when it is all set up, as you may need it for entry to other shows. It will also serve to remind you of what you did the last time.

Make sure to showcase your finer knitting supplies front and center. In addition to your handmade items, you could sell knitting accessories such as knitting machines and knitting books.

Evaluate: Was the show well-attended? Ask other exhibitors how their sales went. Decide if the show is worth doing next year, or whether you should find a different one, after you have determined your knitting business profit.

Even with as little exposure as word-of-mouth and one successful craft show, your business can take off. So, run it like a business. Track all show expenses, and cost of materials, so that you can accurately determine profit. You will need to take some of that profit to rebuild your inventory for next year’s show.

Evaluate your prices, keeping in mind that your time is valuable; don’t be afraid to charge for it – for commissions or finished wares. And who knows, down the road those singing needles may someday land you a full-time knitting career!

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