Making Money From Knitting - Does it Cost a Lot to Start?

This is one of the most common questions about making money from knitting, and you'll find the answer very exciting!

One of the best things about starting a business from home or from a hobby is that you do not need much money to begin with. You will not have high rent costs or equipment costs because you probably already have a house to work from and you will already have knitting needles and even yarn! In fact, the best way to start a business is small and with knitting this can be done very easily.

You won't need to commit large sums of money to test your ideas and knitted products either. If you start small and locally, you will be able to see the response and demand for your products before you invest too much money into your knitting business.

The actual hard costs of starting up a knitting business vary around the world, but the main things you will need to allow for are knitting supplies and yarn, some promotional material like business cards and brochures, a business registration or license (if required in your area), insurance (not expensive for a home business) and some advertising like a website, craft shows, local paper or yellow pages.

Once your knitting business gets going, it is very easy and cheap to run from home. And there are lots of fantastic free resources available now to help you get going, especially some of the amazing free online resources. Did you know you can find all these products and services for free online?

knitting patterns
crotchet patterns
knitting business cards
website builders so you can create a website
advertising
advice and business mentoring to help you plan and grow your knitting business
accounting software to help do your accounts
blogging so you can keep in contact with your customers
shopping carts so you can sell from your website
If you know where to look, its easy to start a successful knitting business on a shoestring budget! There are many successful knitters around the world who started out with very little money, and many were stay-at-home moms or students. So you really don't need much money to begin to make money knitting

Liz Raad is a small business coach and author of the book "Knitting For Profit - Your Step-by-Step Guide To Making Money From Knitting and Crochet".

Liz also runs a popular blog on the topic of making money from knitting and crochet. Visit her blog at http://www.knittingforprofit.com/blog where you will find tonnes of free information, practical advice and ideas about how to successfully knit or crochet for profit.

On her blog you will discover:
-How to get started in your own knitting business
-How to easily sell your knitting and crochet online
-Copyright free knitting patterns that you are free to knit for your own profit
-Real success stories and interviews with women who make cash from their favourite hobby
-How much to charge for a knitting job
-Advice on making money with a knitting websites