How To Turn Your Hobby Business Into Your Day Job
The American dream is achieved when someone finds something that
they love and learns how to make money with it. These days, more
and more people are doing just that. Leaving their regular 9 to
5 jobs and setting out to turn their hobby into a full time
business is the ultimate goal for many entrepreneurs. While many
people open an actual store, others are finding success with
their own virtual store on the Internet. Even those individuals
with an actual storefront presence are finding it difficult to
deny the global reach that only the internet can provide.
Individuals who are creative and enjoy making things often find
success in the production of handmade products of all kinds.
Handmade soap, candles, greeting cards, virtually any type of
well made hand crafted product will sell. As with any crafting
business, creating handmade crafts involves time, patience and
an eye for detail. In order to turn your hobby business into
your day job, you must possess all of these qualities and more.
What type of product will you be selling and how do you plan to
present the merchandise? If you decide to make handmade soap,
for example, you will want the presentation to be just as
creative as the soap itself. Do you want to sell a hot product
such as soy candles. Sometimes a finding hot product is the key.
No matter the product, presentation is a very important part of
marketing.
The first thing to consider is distribution. How will you
promote your product and how will consumers learn about your new
business? Many new businesses begin at local craft fairs and
local distribution to specialty stores. Typically, there are
craft fairs to celebrate the seasons. Check with your local
chamber of commerce or tourism center about the upcoming
community calendar. If attending craft fairs, be sure to print
business cards with your information. Have plenty on hand and
sit them on your table for customers and passers by to pick up.
If you have a website, be sure to print the information on your
business cards and give one to every customer who purchases from
you.
When shopping for a website, start small and work your way up to
the more expensive services as your business grows. In the
beginning, a website featuring your business and product line
will be more than sufficient. If you don't have a merchant
account that will allow you to accept credit card payments
directly, consider signing up with PayPal and accept immediate
payments directly through your website. Customers can use their
bank account or any major credit card for instant payments.
If you are just starting out and business resources are limited,
avoid the temptation to take out a large advertisement in a
publication. Instead, write a press release and send it to
editors, publishers, writers, reporters and anyone else who has
the power to get your news published. This is a terrific way to
promote your business for free and, as a bonus, many people pay
more attention to news stories than advertisements. This is the
best way to gain free promotion for your new business and will
save a lot of money in advertising.