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It seems that the author just googled "extra income by crocheting" and read what Wikipedia said. She calls skeins, spools and suggest buying Red Heart yarn, which most customers hate. Also saya you can make crochet items with a knitting loom...no, you can make knitted items on a knitting loom, hence the name.
She makes no real suggestions for selling and Etsy isn't even mentioned. This is probably just a really outdated book. I wouldn't suggest it to anyone.
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If you love crocheting and kniting and want to sell your handmade items, you will find good suggestions how to start and how to become a more successful seller of handmade items. I make handmade items and I absolutely agree with the writer.