It looks, as sad as the option is, as if I might have to close up shop on the teddy bears. Its not the first option I had a few days ago when I proudly announced that knitting the teddy bears was going to be my business, my income, my life. However, the math is getting in the way.
I can easily whip up two bears in a day. Takes about 10 hours, no biggie. On some ambitious days I shoot for three….But, those days are few and far between. So, for the sake of what I have to explain, lets start with just one bear a day. Now, I sell my bears on average for $25. Of that amount, $5.00 pays for the cost of the materials. The yarn, the fiberfill, and the occasional safety eyes for certain bears. Another $5.00 goes towards the fees that Etsy and Paypal require. So that leaves me with $15.00 per sale. If I manage to sell one bear per day that yields $450 for the month.
If I’m lucky, I’ll be able to sell two bears a day, bringing up to $900 a month. Which isn’t bad, isn’t brilliant, but not bad at all. I went through a checklist of my living expenses and I can easily get by on about $600 or $700 if I put a little away in savings each month. Thankfully, as poor as I am, I am at least not in debt with a mortgage or car payment. I have no house, I have no car, and no credit card either. So, getting by on limited amounts is not very difficult for me.
However, I can only HOPE to sell at least 1 to 2 bears a day…and what if I don’t? Would I get in trouble again? End up back in the woods 20 miles from everything? That thought terrifies me, scares me to death, and its not an option I am comfortable with.
To those of who that have ordered bears, I have you totally covered. You are fine. And everyone’s bears will be in their new homes by next weekend. But, with that said, there just isn’t any more money to buy more yarn with, more polyfill, and more animal eyes. So, I have the materials I need to finish up the orders I have taken, but I’m not in a position to acquire more materials for more bears and put money towards living expenses. One of those crappy decisions you have to make on occasion. And to be truthful, I hate making the decision.
This is why I haven’t listed a new bear in the last couple of days. I just don’t have the materials right now. I did receive a very gracious donation from a benefactor recently and I was so appreciative of it. I should say, the man I rent the garage from is appreciative of it
So, at this time, I simply cannot list anymore new bears. Solid in my stead at bear number 59.
Maybe things will change. Maybe Oprah or Martha or The Teddy Bear Gods will put other plans in motion and I’ll be back to open my shop.
I’d love to be known as “That Knit Teddy Bear Guy.”