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If you have read my “Welcome Post” then you already know my ultimate goal is to be able to work my crochet business full time and I’m not talking “starving artist” full time I’m talking about doing what I love and still living a comfortable life. Like occasionally eating a steak dinner kind of comfortable. Whether or not that is actually doable is a question that I ponder quite often ultimately I have decided that for me there is no other option I want this just about as much as I want my next breath so like really really want this!
Do a quick search on Google for successful handmade business and you will see quite a few pages of not only success stories but a bunch of how you to can have success in your handmade business. Now narrow that search down to “successful crochet business” and the pages certainly dwindle down, now don’t get me wrong there are certainly some success stories out there when it comes to crochet artist but two things I learned really quickly success is relative depends on who you are asking and for me success was not going to happen just from making all the crochet things although I really do want to crochet all the things!
I want it to be clear that I absolutely love to crochet, I would do it if I never sold a single thing. Crochet for me is therapy and I’m honored that people find value in what I’m able to create with my two hands. With that being said I also know that if I want to reach my goal of running my crochet business full time I can’t just focus on the making; it is one of the reasons I ventured off into pattern design and teaching online and now this blog (well this blog is more like my diary), but the plan is for it generate income at some point.
Wait did I just say that, isn’t that suppose to be like some secret. I’m not suppose to confess that I actually want to make money from my craft. Does it make it less authentic or me not a crochet lover because I want to make money? That seems absurd to me as it is the furthest thing from the truth, as I already stated I would crochet and talk about my love for yarn and all things crochet related even if I never made another dime. But the fact that I can actually make money, enough even to do it full time makes my heart full it’s a kind of joy that I can’t hardly put into words. So yeah I’m going to say it and I’m going to keep saying it… Show Me The Money!
Ok no for real show me the money, so I am about to share something that most people won’t and to be honest I have a knot in my stomach as I type this but I feel like this is going to be an important part of the journey to document where I started and where I end up and because I’m taking you along this journey with me… yeah you get to see the good and the bad.
Ok ok ok the numbers…
For the month of May I made $482.65
34 Pattern sales
12 Online Class sales
1 Afropuff Keychain
1 Lovey Blanket
My Expenses for May $192.15
Profit for May $290.15
I know what you are thinking Don’t Quit Your Day Job… lol!
I was actually expecting May to be a low income month as you can see from my income I did not have any custom doll orders and custom dolls do make up the bulk of my income. This was intentional I did not market nor accept any custom request for a few reasons one being I was already behind on my current orders and accepting additional request would simply push my turnaround time out even further and I also knew that I was going to launch mycrochetlife.com which was going to require even more of my time.
Thank goodness for pattern sales. I am happy that I have the patterns available to keep money coming in during times like these but I also know that I have huge potential for growth in that area. As you can see with 34 pattern sales last month I am averaging about one pattern per day. I currently have 4 patterns available which can all be found here so I feel I should be averaging at least 3 to 5 pattern sales per day I’m not exactly sure what I need to change to make that happen but I have some ideas in the works. I want to keep the patterns at the $5 range but if the trend of one pattern sale per day continues I will have no other choice but raise the price.
I also re-launched the online keychain class. I had originally done this as a live course however after evaulatation of the live class I realized that a pre recorded class would work better for me and my teaching style. The recording and editing process took a little longer than expected but over all I am happy with the result and look forward to doing more tutorials and classes soon.
So that’s it folks those are my numbers for May, I’ve started June with my foot firmly pressed on the gas and although most will tell you that the Summer months are slow months there will be no slowing down over here. Feel free to leave your thoughts and comments below and until next time