Why Share?
You’re probably wondering why in the world I’m I telling you my business. Well, it’s to encourage you to follow your dreams. I understand there is no written road map to running a successful crochet business.
This is why I’m sharing my crochet blog income report with you. To get an idea of what you could be making.
I want you to know that it is possible to turn your hobby into your career. I want to take you along on my journey and hopefully inspire you to start your own business.
*Article contains affiliate links
Where is my money coming from?
If you want to make money with crochet, you can’t put all your eggs in one basket. We need more than one paycheck to keep this machine running.
Creating multiple income streams allows a person to diversify their cash flow. If one source dries up, you still have others that can supplement your loss.
My income comes from ads placed on my blog & YouTube videos. This will show up as AdSense & Ezoic on the report. I receive income from affiliate marketing, pattern sales & sponsorships
What went on in December?
December is the last profitable month in my crochet season. People are shopping or looking for a great pattern to complete for Holiday presents. This means additional money for my crochet business.
This month I was able to boost my affiliate sales by creating more craft gadget review videos. I also did a sponsored post for SkillShare.
My spending was up more than usual. I purchased a new (used) Canon PowerShot Elph 360 Camera. I absolutely love it.
I’ve been filming and taking pictures on my phone & wanted to upgrade. But you know me, I’m not the one to spend a lot of money and this was a great affordable buy.
I also participated in the “Crochet YouTuber’s Secret Santa for Charity Event”. That was pretty exciting and a nice tax write off too, lol.
Crochet blog income report
- Adsense $1565
- Sponsored $200
- Pattern Sales $178
- Ezoic $171
- Affiliate $97
- Merch $29
Total: $2,240
Crochet expense report
- PowerShot Camera $116
- Rented PO Box $51
- Supplies $31
- Shipping $24
- Pattern fees $19
- Teespring on Etsy $16
Total: $257
Net Income
$2,240-257= $1,983 Net income
I thought I had made more money for the month of December. When keeping records, make sure you are putting the decimal in the correct place, lol. For those that follow along to my weekly live streams about running your own crochet business, sorry for the misinformation.
If you would like to learn how to start your own blog click HERE