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March 2, 2006 |
Entrepreneur's Small-Biz Blog
Stay clued in on essential business news and trends.
Hidden Billion Dollar Industry |
You might not guess it, but the crafts
industry pulled in more than $30 billion
in sales last year, thanks to a growing
number of enthusiasts who are finding
joy in the simple art of crafting. But
this isn't your grandmother's industry:
Knitting and crocheting, once the domain
of ladies over 60, are attracting a
younger demographic these days. More and
more twenty- and thirty-somethings are
using crafting as a way to relax, renew
and connect with friends and
co-workers--and smart entrepreneurs are
taking advantage of the trend by
starting craft studios like
Spark Crafts and The ARTbar. These
studios offer a place for creative
expression as well as a spot to hook up
with friends. With so many opportunities
out there for the creative entrepreneur,
maybe it's time to knit together a
venture that blends both your desire to
craft and your need to generate income. |
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