Wednesday, January 30, 2008

Becoming more capitalist..

I was browsing www.etsy.com and was wondering if the yarn I have been spinning up would be worth anything to sell. Since I'm making way more than I could possibly use myself :) at least in a single lifetime.

Working out the cost analysis seems good, especially since spinning up a single 2 ply skein (plying included) takes under 3 hours. Equipment, time spent, cost of time spent is not considered, just because there is no way I could sell yarn for that much! :)

Raw Materials:
2 pounds of merino wool - on sale - 10 dollars a pound

Finished goods:
9 skeins - 3.5 oz - heavy worsted weight/aran weight wool, 2 ply ~each skein approx 2 hours to spin, 1 hour to ply
or
9 skeins - 3.5 oz - worsted weight, 2 ply ~each skein approx 2.5 hours to spin, 1 hours to ply

From what I can gather, each skein sells on etsy for between 15 to 24 dollars, equivalent materials, equivalent amounts. So from basic math, if I sell 1 skein, I can recoop the cost of my materials.

I'm not really into the 3 ply, though I have done it several times now, perhaps it's a practice thing? I'm not sure yet, I think I will try it a couple more times and see if I like it. 2 ply is much more my thing I think. I may try for DK weight for a pound of fiber next, or maybe light worsted, I think most of the nicer sweater patterns call for that weight. Is a pound of fiber enough for 1 sweater?

Would it be more "saleable" if I had multiple skeins of the same colourways up? Do people by handspun in bulk? Or do they just look for handspun in smaller quantities due to the cost of the handspun?

I should list some of the stuff that I am less likely to use myself. :) Hehe, maybe I can recoop some of what I have spent on this hobby of mine. Then again, the whole packaging it up and shipping it out is annoying, maybe I can outsource it to my Dad. He might get a kick out of it.

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