Start A Crochet Business - Business Ideas

Pat Walls

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Updated: September 16th, 2022

Start A Crochet Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

The crochet or knitting business is one of the easiest ventures you can start today, so long as you have the skills. Crochet businesses can earn good profit margins, especially if you have a good business plan and target a highly potential market.

You can start crocheting part-time and expand your business as you attract more customers.

Starting a crochet business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell crochet items, or selling crochet items online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a crochet business ➜

Key Stats

market size

$85.8B

starting costs

$10.9K

gross margin

78%

avg product price

$50

time to build

150 days

Startup Costs

	Min Startup Costs	Max Startup Costs
Office Space Expenses	$0	$7,000
Equipment & Supply Expenses	$66	$700
Inventory Expenses	$50	$9,750
Software Expenses	$12	$575
Advertising & Marketing Costs	$0	$3,000
Website Costs	$13	$215
Specific Industry Expenses	$0	$500
Total Startup Costs	$141	$21,740

See all startup costs ➜

Successful Businesses

Business	URL	Rank
Mama In A Stitch	mamainastitch.com	231,024
The Crochet Crowd	thecrochetcrowd.com	378,870
Crochet Me	crochetme.com	511,892
Daisy Farm Crafts	daisyfarmcrafts.com	516,792
We Are Knitters	weareknitters.com	536,082
Crochet 365 Knit Too	crochet365knittoo.com	644,600
TKGA	tkga.org	673,249
Underground Crafter	undergroundcrafter.com	817,489
BHOOKED	bhookedcrochet.com	826,803
Crochetville	crochetville.com	1,189,736
My Recycled Bags	myrecycledbags.com	1,474,628

See all businesses ➜

Pros & Cons

Pros	Description
Flexibility	You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home	It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Rewarding work	Starting a crochet business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable	With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Meaningful business connections	You never know who you will meet as a crochet business. This could be the start of an incredible business opportunity!
Quick build time	The average time it takes to build your product is quick - typically around 5 months. This will allow you to bring your product to market faster.

See all pros ➜

Cons	Description
Crowded Space	Competition is high when it comes to your crochet business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Low margins	The gross margins for your crochet business are typically around 78%, which can make it more challenging to incur new expenses and maintain profitability.
Work can be inconsistent	As a crochet business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Lack of benefits	With a crochet business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Taxes	As a crochet business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
No safety net	Typically, as a crochet business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.

See all cons ➜

Marketing Ideas

1

Affiliate Program

Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.
Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.
The affiliate typically gets a unique link where clicks and conversions can be tracked.

Learn more about affiliate program ➜
2

Word of mouth

Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

Learn more about word of mouth ➜
3

Social Media Advertising

Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.
According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.
Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

Learn more about social media advertising ➜

See all marketing ideas ➜

Key Stats

Startup Costs

Successful Businesses

231,024

378,870

511,892

516,792

536,082

644,600

673,249

817,489

826,803

1,189,736

1,474,628

Pros & Cons

Marketing Ideas

Affiliate Program

Word of mouth

Social Media Advertising