Why I’m quitting the yarn and fabric business
Red Beauty Textiles will be closing it’s “doors.” I’ve loved serving my awesomely wonderful customers an array of lovely fabrics and yarns; I impart this news with mixed feelings.
I’ve been an avid sewist and knitter for much of my life, having learned at my mother’s side when I was a small child; I started Red Beauty Textiles because I had decades of fabric and yarn amassed and wanted a place to sell my excess. It only took a few months for me to realize that I liked selling yarn and fabric and loved enabling people to make things. I had big plans for my business and hoped to offer my own line of knitting and sewing patterns, teach classes, and open a physical location, as well as eventually pickup my neglected hobbies of jewelry making, ceramics, painting, and woodworking.
The reality after six years is quite a mismatch to what was in my head and I’m no closer to my goals. Selling yarn and/or fabric online is hard! And it’s hard in a way that was unanticipated.
- I am busy with the business all the time – all the time. My regular work week is usually 60+ hours and there are no vacations.
- Profit margins are low – we’re talking cannot-live-on-this type of low. This was a real surprise – the big guys push the little guys down. No selling luxurious silks and satins – oh no!
The only real solution to staying in business is to become a volume seller akin to WEBS or Amazon (Fabric.com) and this is something that does not appeal. It would mean carrying cheaper fabrics, cheaper yarns, renting a warehouse, and becoming even busier for the foreseeable future.
After wracking my brains and a lot of serious discussions with my husband, the facts were clear. It’s a difficult choice for me because of the success I’ve had, and, of course me identifying me with my business. I may resurface in a few years with classes or patterns, but my retailing days are over.
I hope I’ve been instrumental in helping you with your craft. Good luck and I hope we meet up in our future crafty lives!