It is amazing how many people ask me... "Is crochet really profitable?" The easy answer to this question (if you're willing to take my word for it of course) is yes!!! It really is possible to profit from crochet and I know this because of my research and continuing business experiences.
However, if you are thinking seriously about starting a crochet business and still feel uncertain by its money making potential then the two main questions that I want you start focusing on are… “Does the crochet field have enough demand to be profitable?” and “How do I go about finding this out for myself?”
The reason these questions are important is because it is imperative to choose a business niche that you can be successful in, and it is a necessity (or should be) to determine this for yourself.
Important Note: A business niche is a business that is targeted toward a specific market segment, or group of people that share the same interest.
So how do you figure out if your ideal crochet niche or any niche for that matter is profitable? Well here are some guidelines and ideas to review:
When searching for evidence of a profitable business you will want to answer the following questions: “Are there businesses in your desired niche that are successful?”, “Are there popular magazines, self help or instructional books in your desired niche?”, “Can you find your niche’s products in popular retail stores?”, “Are there digital products and/or physical media of your niche?”
If you have answered yes to any of these questions then your niche (in this case crochet) is sounding pretty good.
If you really want to know if crochet is profitable then start interviewing and researching those people who are already working in this niche or market. If you are a little shy or apprehensive about this approach, you can always email, instant message, or blog with people on niche specific websites and forums.
Look around for businesses both online and offline that are doing well in your desired niche. Are there a lot of businesses or just a few? Do these businesses seem to be doing well? Are these businesses targeting your market niche effectively?
Many people are afraid of competition, but please don't be afraid of competition in your niche. If there is competition in your niche market that means people are making money… and that is a great thing!
Even if your business is offline you should still perform some online and keyword related research to find out how well your niche is doing. When performing this research try to find and answer the following questions: "Are there online websites, blogs, and businesses in your niche?", "Is your desired niche or product already available online through stores such as Amazon or eBay?", "When you type your niche into a search browser such as Google, does your niche get quality results?"
These are just a few ways to determine if crochet is really a profitable venture. Good news for you, I have already looked into all of these questions and performed the necessary research for my crochet business niche; I would advise you do the same for yours.