If you are one of those people who are always gifting people your hand knitted scarves or other stuff then you might consider turning it into a business opportunity. Hand knitted things never go out of fashion and they are exclusive in a way that machine made garments can never be. Many people find them more attractive than machine made ones. If you are good at knitting then maybe it is time you thought about making it something more profitable. Let us learn how to make knitting a business?
Just like starting any business you have to consider many factors before venturing further. But, if you have considered all the pros and cons of starting a business then here is what you can do to start a knitting business.
Attracting customers is very important to any business. One way to go about this is of course the tried and tested method of giving out fliers, brochures and visiting cards. However, since you are looking for a low investment business you need not waste a lot of money on that kind of stationery. Instead you can use the other tool of word of mouth. To start, you can get the help of your friends and relatives.
Another method of attracting clients is by attending craft shows. Find out some of the craft shows which take place during the time period of late summer to early winter. This way if you get orders, you will be ready with them before the actual winter sets in.
Get a license. You need a license to practice any business. You can check the website of small business administration to find out how the exact procedure of acquiring a license. You can also check the tax status of your business.
Selling online is a good idea provided you have a website to deal with it. Make sure you have a good user friendly website so that consumers keep coming back to you. The website should describe your products, delivery system etc. Remember to get visiting card, postcards, brochures and delivery bags printed. Drop of the brochures and visiting cards at as many places as possible.
Once the show is over try to make out whether it was a success or not. Did you sell enough products to justify the attendance? Should you attend shows next year? Determine your profit or loss from the show. If you have done your homework properly and customers like your work, one show is all that it takes for a knitting business to take off.