5 Ways to buy yarn and profit

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“You mean I can get the yarn company to send me yarn for my project?”

That’s what I thought the first time I found out I could design a project with yarn directly from the yarn company.

Yes, it is possible, but you must be a professional and you definitely need to show that you’re serious.

Why would you want to get discount yarn. . . said no one ever! But let’s chat about it anyway.

If you’re a crochet artists yarn is a staple. If you’re a crochet artists building a crochet business, it’s even more critical.

Buying yarn retail isn’t the best use of your dollars, especially if you want to make a profit.

Buying yarn at a discount gives you the chance to consider the retail price or your discount price when figuring out your final pricing (see Hook Yourself Up: Pricing Crochet for Profit for pricing calculations).

Usually the first thing we think about is buying wholesale. That’s definitely the fastest and easiest way, but for yarn artists, a bit impractical.

Buy Yarn And Save | Yarn Obsession

Yarn companies want you to buy amounts that as a solopreneur would fill your house! So, because I’m pretty sure you don’t have a warehouse you’ll need to find a different way to cut the yarn expense down.

Believe it or not, there are ways to keep the price of yarn to a minimum for maximum profit!5 Ways to Buy Yarn & Profit | Yarn Obsession

Let’s consider a few options:

Option #1 – Contact your favorite yarn company and have a chat with a sales rep. Tell them what you’re doing (creating pieces to sell) and see what they say. If they don’t sell wholesale to customers directly, ask them for a list of local yarn shops that carry their brand. Having that information will come in handy in the long run.

Option #2 – Contact your favorite yarn company and find out if they will sponsor (with yarn) a new project you’re designing. This is only if you’re a designer, but it’s a great way to develop a relationship with the yarn company. Good yarn companies are always looking for designers to create exclusive designs for their yarns, so this can open the door to them getting to know you. This also gives you a chance to work with the yarn you really love, to create.

Option #3 – Create or join a yarn swap group. A yarn swap group means you join forces with a group of like-minded crochet designers and you purchase yarn together. That way, you can probably reach the minimum threshold for some yarn companies to buy wholesale. Do your research (start with Facebook groups) and see how you feel about the groups you find.

Joining a group that you feel comfortable with (or creating one) is important. After you buy the yarn, everyone gets a part of the order. The ordering is usually rotated around the members so one person isn’t stuck ordering all the yarn all the time. You’ll pay the person who ordered the yarn for the yarn you take from the buy.

If you want to know more about how this works leave me a comment and I’ll work on a post just for this topic.

[wp_ad_camp_5]Option #4 – Remember that list of local yarn shops you got from your favorite yarn company? Take that list and start contacting the shops to find out if they’ll give you a discount on yarn if you order in bulk through them. Sometimes they’ll give you the yarn at the same price they bought it so you get a real wholesale price. Sometimes it’ll be a discount from their regular pricing. Just make sure the pricing works for your business.

Because you’ll be contacting more than one shop, if you have a shop that you like more but they’re not offering the right discount, you can leverage the deals you’re getting with another shop to get a better rate.

It’s important you remember two things: 1) you’re bringing them business based on your business so you’ll probably be a regular customer; 2) developing a good relationship with them builds the trust factor helping your relationship going forward even more.

This could become a very good partnership for your business.

Option #5 – Search online. There are companies that create and sell amazing yarn at much lower prices than shops because they’ve completely eliminated the middle man. There are also websites that sell your favorite yarns at a discount. Here are a few to get you started:

More ways to save on yarn

Beyond the ways I’ve just listed, here are a few more that I’ll just mention:

  • Buying closeout yarns at your local yarn shop
  • Buying in bulk when there’s  sale at your big box stores or local yarn shop
  • Recycling yarn from old sweaters in your closet or from the local thrift shop
  • Buying yarn at yard or garage sales

Have you ever been surprised by how much you saved on yarn for a particular project? Do you have a special way of keeping your yarn costs down? Please share your story in the comments. Building a solid business means making smart decisions and being open to suggestions. I’m looking forward to hearing your savvy & creative ways of keeping yarn costs down in your business.

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