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Destash for cash

I’ve already lamented (prematurely, perhaps) the loss of my stash on The Drowsy Knitter, but for those of us looking to bring in some extra cash, looking to “the stash” could be the answer.  Knitters have a tendency to hoard, but we look at it as practical collecting, because everything has a plan.  Let’s be realistic, folks – you will never knit everything in your stash.  And, as I’ve heard the Yarn Harlot say, there will always be another of that perfect yarn, fabulous sale, or great fiber.  Applying this outlook to other areas can help overall frugality!

That said, there are some options out there for those looking to cash in on an overflowing stash.

  1. Etsy:  At $0.20 a listing and a modest 3.5% final value fee makes this worthwhile.  I don’t have a handle on how much people shop on Etsy for supplies, but it’s a large selling community.
  2. Ebay:  Ebay’s listing fees are a bit higher (usually around $1), although it looks like you can now list 50 auctions a month for free.  However, Ebay’s final value fees are 9% for auctions and 7-11% for fixed-price listings, which adds up!
    1. Auctions can be up for 10 days
    2. Fixed-price listings can run for 29 days
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  3. Ravelry:  Long-term, I think it’s worth listing anything you’re willing to part with as “will trade or sell’ on Ravelry.  The more info the better, and include the price.  People do look for colorways and specific yarn that they can’t get in the store anymore and I’ve gotten emails about the couple things I posted previously (I didn’t even have them tagged to sell).
    1. Ravelry also has groups and forums where people trade and sell yarn
  4. Local:  There are local craft fairs in all the boroughs, most with modest table fees.  Check out churches, community centers and the library for flyers on upcoming markets.  Some of the bigger places, like Brooklyn Flea, have a higher table price, but you could join forces with another crafter or fellow “destasher.”  

, NY Knitting Examiner

In the nine years since her first knit project, Jessica has enthusiastically documented, perfected and taught her craft. She now shares all things knitting with New York's thriving community of passionate knitters. Email her here or check her out on Ravelry and on her blog, The Drowsy Knitter.

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