In the past the word "knitting" used to bring up thoughts of elderly people sitting in their rockers on a stoep making baby blankets to pass the time, but that has now taken on an entirely different connotation.

Knitting has seen a major resurgence in interest in the past 10 years or so. People, young and old, from all walks of life, are discovering knitting in an entirely new way.

The best part now is that some stay-at-home parents are using their love of knitting to create incomes for their families.

As owners of a home-based knitting business, many are finding they can earn some extra money to support their family, while enjoying their hobby as well. You can do the same thing too.

There are many aspects to knitting that can be made into a home-based business venture. The most obvious one is selling the items you knit.

However, even more in demand is teaching knitting to others, and selling knitting items to others who knit for their hobby.

And with the proliferation of the Internet, you can now set up shop and be in business in just a couple of days' time.

For the truly enterprising entrepreneur, develop a website that features knit clothing products for sale, as well as a custom made-to-order service where site visitors could simply fill out an order form for the size and style of knitted products they want.

Whether you choose to sell your items online, teach or sell to retails stores, there are a few basic business guidelines that you will need to follow to be successful.

If you are currently knitting sweaters, jackets and more, it is high time that you should consider turning your hobby into a profitable part-time business opportunity.

The business is to simply create beautiful and unique hand-knitted products, from sweaters to a clothing line for stuffed animals.

The opportunities are endless - all you need is a creative spirit, knitting needles, some yarn and you're in business.