Does anyone make a living by knitting/ selling crafts?

I wonder how feasible it is to make a living by selling crafts. I knit and crochet and would like to not have to commute to work. Does anyone do this or know someone wo does?

Of the textile crafters I know, most make things for sale, but it is to recover costs to buy more supplies, but combining with a yarn business that was home based might work.
I once worked out that the preparation of a fleece, spinning, dyeing, knitting took me 120 hours - not much likelihood of selling for much more than $120 - compared to shop made items.  So, working for $1 an hour, not taking into account the cost of the fleece and dye.

I used to.

The key is to make the quality and uniqueness of the item better than mass manufactured produts so to get repeat customers.  

My focus was handspun yarn which needed large amounts of a consistent yarn.  The yarn had consistent twist and size, and each skein had the same yardage.  The price was high, but the quality exceeded the price.

I also had a wholesale price built into my pricing. Selling wholesale is so much easier (never commission).

To add to that, there is a difference between an income and a living which is worth exploring.

With etsy and craft fairs, it's pretty easy to make a few extra thousand a year income, even for people just starting.  So long as the price is high enough (people often won't buy low priced handmade goods) and the quality exceeds the price.

My calculation was.

+materials (replacement cost, not what I paid for it)
+labour (if I broke my arm, cost of hiring someone of equal skill)
+ 10% for f-up insurance
= my cost
×1.6 (standard markup for this specific industry)
= wholesale price
×1.6
= retail price

I make it a policy never to under price my wholesale customers as they make the most income for me with the least effort for me.

...

A living is enough to live a comfortable life on while saving for retirement.  That's the kind of thing that is individual to each, um, individual.

I would say most people simply cannot make a living with handcrafting...unless they are amazing marketers.

Then again, this is permies and for many people here, our cost of living is dramatically less than most people.  Maybe we supplement our food bill with a garden, or transform consumption time, like going to the cinema, with production time.  Cell phone bills start at about $100 a month where I live, with very little data. Can shoes last more than one year?  Hanging clothes to dry dramatically cuts down on electric bills...

To find out if one can make a living, brew a giant pot of tea, set out some paper and pencils and take a look at what 'a living' looks like for you.

And if there is still time left, ask yourself what adjacent projects you might explore like teaching or youtube.

...

With that said, yes, I made my living for about 20 years.  It did include some teaching and as the cost of living increased along with my introvert nature and resistance to go to fairs, I also did technical support for shops and stuff.  I think if I had kept going with youtube, that would be a nice addition, but it sucked the last of the joy from my yarn life and it was probably a mistake to go down that path.