Are you arty and consider yourself to be good at crafts? Perhaps you are great at drawing, painting, or making beautiful jewellery? Whatever your talent is, if you can see a market for your talent, there may be an opportunity to turn it into a viable business venture that sees you become a successful entrepreneur.
Of course, there can be a lot of risk when it comes to starting up your own business, but if you have the talent, the money, and the know-how, then why not consider becoming your own boss and seeing whether this could be a viable business venture for you?
Talents that you could sell include:
If you are considering opening your own store (be it through your own website or through another platform such as Etsy or eBay), then consider this handy and useful guide.
Know What Talent You Want to Sell
You may have many talents, and you may be under the mindset that offering more services means there is a broader reach that could land you a sale. However, this is not necessarily the case. Stretching yourself too thin can lead you to take on too much, too soon, causing burnout but also a muddled perception of what it is that your business is selling. For instance, if you want to open an Etsy store and sell necklaces but also have a talent for digital art and wish to sell prints, you may wish to focus on one product to begin with and then slowly expand your horizons and add more products. After all, you do not want to accidentally snowball and have too many sales to handle.
Write a Business Plan
A business plan is essential for all businesses. Therefore, you will need to create one and then also stick to it once it has been finalised. Of course, the occasional changes can be necessary; however, you need to refrain from making additions all too frequently. Ideally, your business plan is there to map out the first five years of your business with realistic and achievable milestones.
The benefits of a business plan include:
- Attaining outside funding for your business through investors
- Gaining a better understanding of your target audience
- Having more of a focus on what it is you wish to achieve and how you can do this
- Having the ability to check your business’s finances and see how they compare to the overall goal
Choose a Platform to Sell
There are various platforms for you to sell on, which can make it an overwhelming process when it comes to deciding which is best for your product. The best thing to do is to read all the pros and cons and see which also suits the type of product that you are selling. For instance, art prints can be easily sold on Etsy, with many people deciding to do just that. However, Etsy will also take a cut of your profits, so this is something that you need to consider and factor in.
Here is a list of the best websites for you to sell on.
Create Your Product Beforehand
If you are planning on selling a singular product that you have to craft, then you may want to create a few in advance so that you have a few that are ready to ship to your customers. Not only does this mean you are prepared, but you can also impress your first few customers and provide them with more of an incentive to leave feedback and a glowing review. Of course, further down the line you may wish to offer ‘pre-order’ categories so that people can buy and order your products in advance. This is great once you have an audience interested in your work.
Know How to Deliver Your Product
The creating and selling of your product is only half the battle. You also need to know how you can deliver your product safely and efficiently – especially if you are a UK-based store offering products to Europe.
Brexit has caused e-sellers a lot of problems, with high fees payable and long delivery delays. Some sellers are no longer offering EU deliveries, but the good news is that there are couriers that can cut through the red tape and deliver goods quickly.
Companies such as Sameday Freight offer a same day European courier service around the United Kingdom and Europe, while also offering a safe same day European courier service from the UK to Europe. This can make it a lot easier for companies, as they will have less stress regarding Brexit and how it has impacted delivery times and fees. Sameday Freight can also offer delivery methods either by road or flight, depending on the timescale and your product.
There is a lot that goes into turning what was once a hobby into a viable and profitable business. And while there is a lot of work that needs to be put into it, the pay-off can be well worth the additional stress that goes into kickstarting your own business. If you have a talent and/or hobby that could be making you money, why not consider capitalising on it?