Online wool and knitting supplies shop

Hobby knitters and crochet fans, gift buyers and beginners who want curated kits and advice.

Markup on yarn and supplies bought wholesale, plus higher-margin kits and bundles. Shipping fees and repeat customers from a newsletter help.

• Knowledge of yarn and knitting
• Product photography and listings
• Stock tracking and packing orders
• Social media and email marketing

• Register your business name and get a Business Number for GST/HST once you pass the small supplier threshold; check how sales tax applies across provinces
• Check whether your municipality requires a home-based business licence and whether you can keep stock at home
• Unsold stock ties up cash, so start with small orders
• Shipping costs within Canada and to the US can eat margins, so price them carefully
• Check product labelling rules for fibre content on items you sell

Startup costs are estimated at typically around $1,500 to $7,000, depending on how much stock you buy, your website and your packaging. Unsold stock ties up cash, so consider starting with small orders.

Monthly revenue is estimated at typically around $400 to $3,000, depending on your focus, your range and how many customers you reach. The estimate assumes at least about 8 hours a week.

Check whether to register your business name and get a Business Number for GST/HST once you pass the small supplier threshold, and how sales tax applies across provinces. Also check home-based business licence rules, storing stock at home, and fibre content labelling.