6 Knitting Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Knitting Business

The knitting business idea is all about creating handmade knit items such as scarves, sweaters, hats, and more. To start this business, you will need key tools and materials, including knitting needles, yarn, and patterns.

To operate this business successfully, you will need to have a good understanding of knitting techniques and be able to create high-quality items that appeal to your target audience. You should also have strong marketing and sales skills to attract and retain customers.

One way to grow your business could be by offering knitting classes or workshops to beginners interested in learning how to knit. The lessons and workshops can not only help you generate additional income, but they can also help to build a community of loyal customers.

To sell your handmade knit items, you could consider setting up an online store or participating in local craft fairs and markets. You could also consider partnering with local boutiques or retailers to sell your wholesale products.

Overall, the knitting business idea is a great way to tap into your creative side and create beautiful, handmade items that people will love. You can build a successful, fulfilling, and financially rewarding business with the right tools, skills, and marketing strategies.

Here are some real life success stories of starting a knitting business:

Learn more about starting a knitting business:

Where to start?

-> How much does it cost to start a knitting business?
-> Pros and cons of a knitting business

Need inspiration?

-> Examples of established knitting business

Other resources

-> Blog post ideas for a knitting business

Part of

Starting A Knitting Business: Everything You Need To Know

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1. Woolstock.eu ($6M/year)

Evgenia, the founder of Woolstock, had a passion for knitting and wanted to help people find the perfect yarn, design beautiful patterns, and teach others how to knit. After struggling to find a centralized platform to buy various yarns, she decided to start her own yarn and knitting company that offered a wide range of products and a friendly community for knitters. With her successful social media presence and a focus on customer needs, Woolstock quickly grew, making $500,000 in annual revenue within the first year.

How much they make: $6M/year
How much did it cost to start: $15K
Current team size: 5

How My Business Makes $500K/Month Selling Yarn Products To Clothing Companies And Knitters

Meet Evgenia, the founder of Woolstock, a yarn and knitting company that started with a few thousand a month and quickly grew to making 500,000 US dollars per year by listening to customer needs, expanding product ranges, and focusing on social media marketing and partnerships.

Revenue

Evgenia grew the business to $500K/month

Costs

It cost Evgenia $15000 to start the business

Read this case study

Read by 1,315 founders

4. Yarnspirations

Find all of your favorite yarn brands, including Bernat, Caron, and Red Heart, free crochet and knitting patterns, and supplies and education for all of your crafting projects at Yarnspirations

Website traffic: 1.83M/month

5. Kniterate

6. We Are Knitters

We Are Knitters is a popular online store selling knitting kits and supplies. Founded in Spain in 2011, the company has grown significantly, serving a niche of creative and crafty customers. With millions in revenue and a team of over 50 employees, the brand has expanded globally thanks to the vision of its founders, Pepita Marin and Alberto Bravo. A true success story in the world of creative entrepreneurship.

How much they make: