You’ve always had that knack for making jewelry, sewing one-of-a-kind creations and love to see your original pieces worn by people around the world. With sites like Etsy and eBay, your business can come to fruition and worldwide recognition and success is possible. With operating your micro business from your home, there are some things you’ll need to know in order to get everything to run smoothly and be successful. To help get you started, we summarized 3 tips below.
1. Check your local city laws.
Most importantly, you’ll need to check the micro business laws in your city and state. Find out what type of permits, if any, you need to operate your business from home, register your business, and determine the legal structure of your business. You will need to make sure your business is properly registered for state and local taxes and get a tax identification number, when applicable. Once you have legally organized your new business, you can get started on making the best out of your business from home.
2. Find inexpensive suppliers
Another way to get your micro business on track to success is to find inexpensive suppliers. We’re sure it can get pricey buying all the supplies you need for your jewelry: beads, wire, scissors, clips, etc. Choosing the ones you want, at the right price, can be tricky. We also know that many micro businesses may not qualify for wholesale supplier prices. This is why it’s a good idea to cut coupons and sign up for savings programs, so you can save every penny possible. Another option is to join group savings sites. These sites are generally free to join and bring you unexpected savings on products and services you buy and use every day. You’ll just need to find a discount site that provides the offers, supplies and discounts that your business needs.
3. Create a separate workspace
When you operate a business from your home, it’s a good idea to have a space dedicated to just work. When home life and work life collide, things can get messy. If you have an extra room or even just a corner of a room, think about designing it as a workspace. Make sure you pick an area where you will have peace and quiet to get work done. Next, you’ll want to fully equip your space with the furniture and supplies you need. A comfortable and stocked workspace will give your the environment you need to be creative, complete your work, and start bringing in a profit.
Beginning your own micro business from home is an exciting process where you’ll get to see your dreams truly come to life. By following these three tips as you start your business journey, you’ll be more prepared to hit the ground running, starting bringing in sales, and making your customers happy.