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Knit Picks is an online retailer specializing in knitting and crocheting supplies. They offer a wide variety of yarns, patterns, needles, hooks, and other accessories, focusing on providing high-quality products at affordable prices. They also strive to create a supportive community for crafters through resources like their blog, podcast, and social media channels.
Company : Knit Picks
Industry : Arts & CraftsE-commerceKnitting & Crochet Supplies
Knit Picks Key Value propositions
Knit Picks Latest news
Big Ol' Hug | KnitPicks.com
Big Ol' Hug is an ideal blend of squishy garter stitch and cozy tweedy yarn that wraps you in the softest, warmest embrace. This easy fireside knit features ...
The Knit Picks Staff Knitting Blog -
3 days ago ... ... new techniques, and dish about the latest and greatest from Knit Picks. ... News Office Gossip ... important tool to have! A measuring … Read ...
Lindy Chain Fingering Yarn | KnitPicks.com
And, very important, very few knots, if any. ... Receive the latest Knit Picks news, sales, new yarns, new collections and more! Sign Up. Our Catalog View our ...
Big News: It's the Big Sale! - The Knit Picks Staff Knitting Blog
Nov 9, 2020 ... Transport yourself to the glittering night sky of an Arctic wonderland with our limited edition Stroll Glimmer Sock Lab colors! Hand painted ...
Knit Picks SWOT Analysis
Strengths
Strong online presenceLoyal customer baseFocus on quality and affordability
Weaknesses
Limited physical presenceReliant on online salesCompetition from established brands
Opportunities
Expand product linesCollaborate with influencersTarget international markets
Threats
Economic downturn impacting discretionary spendingRising shipping costsIncreased competition from other online retailers
Top Marketing Strategies for Knit Picks
Personalized User Onboarding
A personalized onboarding experience guides new knitters through the basics of crafting and helps them discover relevant products and resources. This will increase engagement and retention among new customers, leading to longer-term customer relationships and increased sales.
Content-Specific Call-to-Action Optimization
By crafting tailored calls-to-action that align with the specific content users are consuming, Knit Picks can drive them towards relevant product pages and increase conversions. This strategy encourages targeted engagement, leading to more efficient and effective purchases.
User-generated Content Showcase
Showcasing user-generated content like knitting projects and tutorials can inspire customers and build a stronger sense of community. This will build brand trust and authenticity, encouraging more customers to share their own creations and contribute to the Knit Picks community.
Knit Picks User Persona
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GOALS
Frustrations
Knit Picks Geographic and Demographic Insights
Geographic Insights: Knit Picks' largest market is the US, followed by Canada and the UK. The company also has a presence in Australia and Germany.
United States
60%
Canada
15%
United Kingdom
10%
Australia
7.5%
Germany
7.5%
Demographic Insights: Knit Picks primarily targets women aged 25-34, reflecting the demographics of knitting enthusiasts. However, they also attract a significant user base in the 35-44 age group.
Knit Picks Socio-economic Profile
Household and Income Insights: Knit Picks attracts users across various household sizes, with a higher concentration in 2-person and 3-4 person households. The income levels are distributed across low, medium, and high, with a slight skew towards medium-income earners.
Educational and Employment Insights: Knit Picks' target audience is largely employed full-time or part-time and have a university or college degree, highlighting a base with disposable income and an interest in creative pursuits.
Knit Picks Behavioral Insights
Interest-Based Insights: Knit Picks' target audience are interested in DIY projects, home décor, fashion, and other creative pursuits. They enjoy hands-on activities and seek personal expression through crafting.
Technology and Social Media Usage: Knit Picks users favor Instagram, YouTube, and Facebook for social media. They primarily use desktop and are split evenly between Android and iOS for mobile.
Knit Picks Top Competitors
Competitor | Estimated market share | Top domains |
---|---|---|
Lion Brand Yarn | 35% | Yarn, Knitting Patterns, Crocheting Supplies |
We Crochet | 25% | Crocheting Supplies, Yarn, Crocheting Patterns |
LoveCrafts | 15% | Knitting & Crochet Supplies, Arts & Crafts Supplies, Various Crafts |