On to business…
Tara Swiger helps makers figure out what they want to do and how to make it a viable business. I’ve always been impressed by the vast amount of information on her website and blog. She even has a podcast!
I stumbled onto this awesome list she put together: income reports from knit and crochet designers. It’s really interesting to see the range of income that designers make per month.
The most impressive number is a designer who brings in a net of almost $9,000 per month! They attribute that high number to book sales and a subscription-based product. If I’ve learned one thing over the years, it’s that if you want monetary success without killing yourself, you’ll need to take time out of the equation. With the internet, it seems like subscription-based services and high-value, reusable, digital products (classes, workshops) are the way to go.
I also found it interesting that one designer mentioned that free patterns just didn’t work for them, since people looking for free patterns hardly ever converted to paid customers.
I hope you all find this as interesting as I did because I had no idea what I could expect to earn selling patterns on the internet.