1702
8 min 14 sec

Accountant Sells $20,000 in Knitting Kits

This DIYer made $20,000 in 2020 selling knitting kits on Etsy. Why did she succeed when so many other craft sellers struggle?
Etsy Knitting Product

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What It's About

An accountant weaves multiple streams of income from her knitting hobby.

Business Model
Arts & Crafts
Skills Required
Organization & Marketing
Complexity
Low
Profit Potential
Medium

Words of Wisdom

“Make sure that you enjoy whatever it is that you are making,” Traci says. “Even if you have to make it hundreds of times!”

Fun Fact

In the past, Traci has had other side hustles such as teaching horseback riding, flipping video games on eBay, and even started the process of starting her own small business accounting firm.

Notes from Chris

Episode 1702
When Traci Lee was a kid, her mom taught her to knit so she wouldn’t be bored. When she picked up the hobby again in college, she decided to try selling her handiwork.

This was the summer of 2011, when Etsy was just starting to take off as a platform for selling handmade goods. Traci launched a shop called RamsGirl Design. With a stockpile of scarves already created, she spent less than $50 to get started, mostly on yarn. She already had a laptop and digital camera, and there were no initial startup fees, just a $0.20 listing fee for each item.

Even though the financial investment was small, she made a much bigger time investment in learning how to sell physical items online and how to optimize her listings for search results.

This investment has paid off. Throughout the years, she’s regularly made an extra five figures a year from her side project, and in 2020, she made $20,000. The biggest key has been a big switch she made in what she sold.

RamsGirl Design started out selling Traci’s handknit items, but it expanded into knitting patterns a few years later. Later, she added knitting kits and fiber arts swag like tote bags and mugs printed with cheeky sayings.

The knitting kits in particular have been a huge part of Traci’s success, especially during the pandemic. Crafting tools in general were popular during lockdown because people were looking for something to do at home, and she believes they’ll continue to sell well. These kits generally contain everything a beginning knitter needs to get started: yarn, knitting needles, a pattern, and a cotton project bag.

Traci admits that trying to be a jack of all trades in her business has kept the growth a bit slower than it could have been. In retrospect, she says she probably would have hired some experts earlier on in the process.

However, she’s just hired a social media manager and with the time savings, she hopes to work on self-publishing her first knitting pattern book.

 
  MENTIONED IN THIS EPISODE:

  • Learn more about Traci and checkout her knitting kits at her website, RamsGirlDesign.com.
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Quote of the Day
" Make sure that you enjoy whatever it is that you are making, even if you have to make it hundreds of times!"
—Traci Lee #SideHustleSchool

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