Today, you’ll learn how to make money with crochet. And if you currently crochet as a hobby, we’ll show you how to turn your crocheting into a profitable business.
We’ve been there. We used our own hobby of running a small online store and applied high-level productivity systems and investing strategies to grow it into a successful business that we now run in just a few hours per year.
We started with a small amount of money (a $50 gift card) and reinvested everything according to the financial management principles of Berkshire Hathaway.
By following these same principles, you can use your crochet skills to build your own successful home-based business.
Are you ready to start making serious money with crochet?
Let’s get started.
Make Money Selling Crocheted Items Online
If you’re interested in making money with crochet, selling your handmade items online is a great way to start. With the rise of e-commerce platforms, it’s easier than ever to set up an online store and reach a global market. Here are some steps to help you get started:
- Choose your niche: There are many different types of crocheted items you can sell, such as blankets, hats, scarves, and toys. Consider what you enjoy making and what there is demand for in the market.
- Create a portfolio: Take high-quality photos of your crochet items and create a portfolio to showcase your work. This will help potential customers see the quality of your work and give them an idea of what you can offer.
- Set up an online store: There are several e-commerce platforms you can use to sell your crochet items, such as Etsy, eBay, and Amazon. Choose the one that best fits your needs and create a professional-looking store.
- Price your items: Determine how much you want to charge for your crochet items by taking into account the time and materials it takes to make them. Remember to also consider the competition and the price point of similar items in the market.
- Promote your store: Spread the word about your store through social media marketing, online communities, and by participating in local craft fairs. Consider offering discounts or free shipping to attract customers. Set up an email marketing campaign to keep your customers informed about your newest products.
By following these steps, you can start making money with crochet by selling your handmade items online.
Teaching Crochet Classes or Workshops
If you love to crochet and are looking for ways to make money with your passion, consider teaching crochet classes or workshops. Teaching crochet can be a rewarding and lucrative way to share your skills with others while also earning an income.
There are a few key things to consider when teaching crochet classes or workshops.
First, you’ll want to decide on the format of your classes:
- Will you teach individual lessons or host a workshop where students can work on a specific project?
- Will you teach your classes in person or will you use online course creation software to make a product you can repeatedly sell?
- You’ll also want to decide on the level of your classes.
- Are you comfortable teaching beginners, or do you want to focus on intermediate or advanced students?
Next, you’ll need to determine your pricing. Consider the cost of your materials and the time you’ll be investing in teaching the class.
Don’t be afraid to charge a fair price for your services – you want to make sure you’re being compensated for your time and expertise. Remember, we want to make enough money to have some left over to invest.
Once you’ve decided on the format and pricing for your classes, it’s time to start marketing.
Consider reaching out to local yarn stores or craft stores to see if they would be interested in hosting your classes. You can also promote your classes through social media, local advertising, or by setting up a website.
Finally, make sure you’re providing a high-quality experience for your students. Be prepared, be patient, and be willing to adapt your teaching style to meet the needs of your students. Suppose you’re able to provide a positive and educational experience. In that case, you’ll find that your students will be happy to recommend your classes to others and you’ll be able to build a successful business teaching crochet.
Creating Crochet Patterns for Sale
Creating crochet patterns for sale can be a rewarding and lucrative way to turn your crochet hobby into a home-based business.
Not only do you get to share your passion and skills with others, but you can also make a profit while doing it.
Here are some steps to follow when creating crochet patterns for sale:
- Determine your target audience: Who do you want to sell your crochet patterns to? Are you targeting beginner crocheters, experienced crocheters, or a specific age group? Identifying your target audience will help you create patterns that appeal to them and meet their needs.
- Choose a subject matter: What do you want to create crochet patterns for? Do you have a particular style or theme in mind? Consider what you enjoy crocheting and what your target audience might be interested in.
- Design your pattern: Once you have an idea for a crochet pattern, start sketching out your design and make a list of the materials and tools needed. Consider offering both written instructions and a chart or diagram for visual learners.
- Test your pattern: Before publishing your crochet pattern, it’s important to test it out to ensure that the instructions are clear and easy to follow. Ask a few fellow crocheters to try out your pattern and provide feedback.
- Publish and promote your crochet pattern: There are several platforms you can use to sell your crochet patterns, such as Etsy, Ravelry, and your own website. In addition to publishing your patterns on these platforms, you can also promote them through social media tools, email marketing, and other online marketing channels.
Freelance Crochet Services for Events and Weddings
Freelance crochet services for events and weddings can be a great way to make money with crochet. As a freelancer, you have the flexibility to choose your own projects and set your own schedule, allowing you to earn money on your own terms.
One way to market your crochet services for events and weddings is to create a portfolio of your work and share it on social media platforms like Instagram and Facebook.
You can also create a website showcasing your crochet creations and the services you offer, such as designing and creating custom crochet items for brides and grooms, creating crochet decor for wedding receptions and engagement parties, and more.
In addition to weddings and events, you can also offer your crochet services for other occasions such as baby showers, birthdays, and holidays. There is a wide range of crochet items that can be created for these types of events, including blankets, hats, scarves, and more.
To attract clients, it is important to have a clear and professional brand, as well as excellent communication skills. You should also be able to work efficiently and meet deadlines, as clients will often need items in a timely manner.
By marketing your skills and creating a professional brand, you can attract a wide range of clients and earn money on your own terms.
Partnering with Local Businesses to Offer Crocheted Products
As a crocheter, partnering with local businesses can be a powerful way to make money and grow your brand. This can be a great way to reach a larger audience and potentially increase your income.
There are a few steps you can take to get started:
- Identify potential partners. Look for local businesses that align with your values and aesthetics. This could be a boutique, gift shop, or even a restaurant or coffee shop. Consider reaching out to businesses that have a strong connection to the community or that support handmade or locally-made products.
- Make a pitch. Once you’ve identified potential partners, it’s time to make your pitch. This should include information about your products, your pricing, and any additional services you can offer (such as custom orders). Be sure to also include a sample of your work, as this will help the business owner visualize what you have to offer.
- Negotiate terms. Once you’ve made your pitch, it’s time to negotiate the terms of your partnership. This could include things like how much you’ll be paid, how often you’ll restock your products, and what percentage of sales you’ll receive. Be sure to communicate openly and honestly about your needs and goals, and be willing to compromise if necessary.
- Create a plan. Once you’ve finalized the terms of your partnership, it’s important to create a plan for how you’ll work together. This could include details on how you’ll promote your products, how you’ll track sales, and how you’ll handle any issues that may arise.
Partnering with local businesses can be a great way to make money with crochet. Not only will you have the opportunity to showcase your work to a larger audience, but you’ll also have the support and resources of a local business behind you.
Starting a Crochet Subscription Box Service
Starting a crochet subscription box service can be a lucrative way to make money with crochet.
This business model involves creating a monthly box that includes a selection of crochet patterns, supplies, and other items related to the craft.
Customers pay a monthly fee to receive the box, which can be a convenient way for them to try new patterns and techniques while also supporting small businesses.
To start a crochet subscription box service, you will need to invest in supplies and materials. This includes purchasing crochet yarn, hooks, and other supplies that will be included in the boxes. You will also need to invest in marketing and advertising to attract customers to your service.
Social media marketing and email marketing will be crucial to this model. You want to have as many contact points with your customers as possible to keep them excited about the upcoming box.
You also might want to consider forming an LLC and applying for a reseller’s license. This will allow you to buy the materials for your box at wholesale prices and can greatly increase your profits. (We keep an updated review of the best LLC formation service on our small business tools page).
One way to make money with crochet through a subscription box service is by offering a variety of boxes for different skill levels. For example, you might offer a beginner box that includes simpler patterns and supplies, as well as a more advanced box with more complex patterns and higher-quality supplies.
By offering a range of options, you can appeal to a wider audience and potentially increase your revenue.
Another way to make money with crochet through a subscription box service is by partnering with other small businesses or crafters. You can include their products in your boxes and offer them a percentage of the profits. This can be a win-win situation, as you both benefit from the partnership and exposure to new customers.
In addition to the monthly subscription fees, you can also generate revenue through the sale of individual patterns or supplies.
By offering a range of products on your website, you can tap into a wider market of customers who may not be interested in a monthly subscription but still want to purchase your products.
Overall, starting a crochet subscription box service can be a rewarding and lucrative way to make money with crochet. By offering a variety of boxes, partnering with other small businesses, and expanding your product offerings, you can build a successful and sustainable business.
Bonus: You could also produce videos of yourself using the contents of the box to generate interest. Do you know who does this really well? KiwiCo. We get them for our daughter and their video marketing is superb (so are their subscriptions, if you have kids)
Producing Custom Crocheted Gifts for Customers
Custom crocheting is a way to make money with crochet that utilizes the bespoke market
Consider producing custom crocheted gifts for customers. With a little creativity and attention to detail, you can create beautiful, one-of-a-kind gifts that people will be willing to pay for.
To get started, it’s important to have a clear understanding of your target market.
- Are you focusing on children, adults, or both?
- Do you want to create items for specific occasions like baby showers or birthdays?
- Or do you want to offer a range of products that can be given at any time?
By knowing your audience, you’ll be able to tailor your offerings to meet their needs and preferences.
Next, you’ll need to consider the materials you’ll use. While you can certainly use traditional yarn, there are also other options like wool, cotton, and even recycled materials. Choose materials that are high quality and will hold up well over time.
Once you’ve determined your target market and materials, it’s time to start creating.
Whether you’re making blankets, scarves, hats, or other items, it’s important to pay attention to detail and take pride in your work. The more effort you put into your creations, the more likely you are to receive positive feedback and repeat business.
To sell your products, consider setting up an online shop or selling through a platform like Etsy. You can also consider selling at local craft fairs or markets. In order to stand out in a crowded marketplace, make sure to take high-quality photographs of your products and write detailed descriptions that highlight their unique features.
By offering high-quality products and taking the time to understand your target market, you can build a successful business that allows you to share your passion with others.
Offering Crochet Repairs or Alterations
There are many people who have crocheted items that they love, but over time they may become damaged or no longer fit.
Rather than buying a new item, they may be willing to pay for repairs or alterations. This could include fixing a hole in a sweater, adding a new button to a jacket, or altering the size of a garment.
To start offering crochet repairs or alterations, you will need to have a good understanding of crochet techniques and patterns. It’s also helpful to have some experience with sewing and other textile skills. You may want to take a few classes or workshops to brush up on your skills or learn new techniques.
To advertise your services, you can create a website or social media page or webpage to showcase your work.
You can also reach out to local craft stores or yarn shops to see if they would be interested in partnering with you to offer repair services to their customers.
You can also try joining online communities or forums related to crocheting to connect with potential clients.
In terms of pricing, you will need to consider your time, materials, and overhead costs. It’s a good idea to have a clear pricing structure in place so that clients know what to expect. You can also consider offering discounts for bulk repairs or alterations.
Wholesaling Crocheted Items to Retail Stores
If you love crocheting and are looking for a way to make money with your hobby, wholesaling crocheted items to retail stores could be a great option for you.
Wholesaling refers to the process of selling products in bulk to retailers, who then sell them to consumers at a markup.
By wholesaling your crocheted items, you can reach a wider audience and increase your sales potential.
One of the first steps to wholesaling crocheted items is to create a product line. This will typically include a variety of items such as scarves, hats, gloves, blankets, and more. You should also decide on a price point for your products and create a wholesale price list for retailers to reference.
Next, you will need to find retail stores that are interested in carrying your products. This can be done through online research, attending trade shows, and networking with industry professionals.
It’s important to have a professional and well-designed wholesale catalog or website to showcase your products and make it easy for retailers to place orders.
Once you have established relationships with retailers, it’s important to maintain good communication and follow through with orders. This includes ensuring that orders are shipped on time and that any issues or concerns are promptly addressed.
One way to increase your sales potential is to offer custom-crocheted items for retailers to sell.
This can include creating special edition products or taking custom orders for specific events or holidays. Retailers will often pay a higher price for unique and exclusive items, which can help you make even more money with your crochet business.
Overall, wholesaling crocheted items to retail stores can be a lucrative way to make money with crochet. It requires some effort to find and establish relationships with retailers, but with a strong product line and good communication, you can build a successful wholesale business.
Starting a Crochet-based Home Business
Starting a crochet-based home business is probably our favorite way to make money with crochet. With a little bit of planning and dedication, you can turn your hobby into a profitable venture, which sort of what this whole website is about.
Remember, Leslie and I turn our small hobby store into a profitable business that we can run in just a few hours per year. We truly believe that small business ownership is the best road to financial security, and low-overhead home-based businesses are the safest and easiest businesses to start.
So how can you build a crocheting business?
Here are some tips to help you get started:
- Determine your niche: The first step in starting a crochet-based home business is to determine what you will be selling. Will you focus on clothing, accessories, home decor, or something else? Narrowing down your focus will help you create a clear brand and target market.
- Set up your business: Once you have determined your niche, you will need to set up your business. This includes getting a business license, setting up a business bank account, and creating a business plan.
- Create a website: In today’s digital age, having an online presence is crucial for any business. Create a website or online store to showcase your products and make it easy for customers to purchase from you. (We keep an updated review of our favorite domain and hosting services on our small business tools page).
- Market your business: Now that your business is set up, it’s time to start marketing. Use social media marketing, local craft fairs, and online marketplaces like Etsy to get the word out about your crochet business. Don’t forget to set up an email list as well. It’s the single highest return on investment you’re likely to get in your small business (studies show you earn up to $44 for every $1 spent on email marketing).
- Price your products: Pricing your products can be tricky, but it’s important to get it right. Consider the cost of materials, time spent on each product, and your desired profit margin when setting your prices.
- Be consistent: Building a successful home business takes time and dedication. Consistently create and market new products, engage with your customers, and stay up-to-date on industry trends to keep your business thriving.
Starting a crochet-based home business can be a rewarding and lucrative way to make money with crochet. By following these tips and being consistent in your efforts, you can turn your hobby into a successful business.
See Also: Advantages and Disadvantages of home-based businesses.
How To Turn Your Hobby Into A Million-Dollar Business
Ready to take it to the next level?
As you build your business, you should learn everything you can about managing finances. Understanding cash flow will save you a world of trouble down the road.
We recommend modeling your small business after Berkshire Hathaway.
Why?
It might be the sixth largest company in the world, but it structured itself in a way that really works well for small businesses.
They use very little debt. They don’t take big risks. They keep things simple and safe.
See Also: We showed how to do this with a woodworking business as well.
We’ll go through the important steps on our build your own Berkshire page, but for now, let’s sum it up like this:
You’ll earn profits from your business, then reinvest them in highly liquid assets that earn passive income.
Then those passive earnings compound (usually at around 5%-6% per year) until your passive earnings are high enough to pay all of your bills.
Then you are financially free!
But what are the best ways to make money with crochet?
We love the idea of making it once and selling it forever. Anything that will let you do that will really shine in your business.
Online courses are probably your best bet because they are very high profit. Especially if you aren’t just teaching crocheting, but also teaching how to run a crocheting business.
YouTube videos might work, but getting traction can be tough.
Creating patterns to sell on Etsy can be fairly passive, but they are low-ticket items so your volume will need to be very high.
You Might Also Like
If you are new to our site, you might want to check out a few of these related posts. We created Three Month Millionaire to help people do exactly what we did:
Build a home-based business that can be run in less than three months per year (or two hours per day).
If that sounds like something you’d like to learn, check out:
- Our Ultimate Guide to Building a Home Business
- Our Ultimate Productivity Guide
- Our Ultimate Guide to Investing
- Our Income Reports
Or if you want to check out some of our other reviews pages, Check out:
- Our reviews of the Best Online Course Creation Software
- Our reviews of the Best Books For Following the Three-Month Millionaire Journey
- Our reviews of the Best Business Tools No One Ever Told Us About
- Our reviews of the Best Social Media Management Tools
