Showing posts with label online business. Show all posts
Showing posts with label online business. Show all posts

Wednesday, 19 October 2016

'I quit work to sell my crafts online - and net £20,000 salary'

Could you make a career out of selling home made knicknacks online? Meet craftmaker Kate Broughton who gave up an unfulfilling job to sell on social media sites Etsy, Twitter and Facebook

It’s an ordinary work day for Kate Broughton, who is sticking bird seeds on to greetings cards from her home in West Yorkshire village, Otley. 
    These are no slapdash home-made creations. The cards are part of a growing business that Miss Broughton created from scratch. The knick-knacks she creates, also including nail stickers, bird and bee prints, buttons and badges, now earn her £20,000 a year – and that’s after expenses, materials and tax. 
    “I’ve just started a bird collection for Christmas. I illustrate the front of the cards with robins and staple a handful of seeds inside which you can see through the front of the cards,” she said. 
    Miss Broughton, 32, who worked in a Nottingham bookshop before turning to full-time craftmaking in 2011, said her career change was “weirdly unexpected” and came after posting photos of her products online. 
    It was only when she began selling her £2.50 cards and £3 nail stickers using online marketplace Etsy that she realised her hobby could turn into a lucrative business.
    She had taken the bookselling job after graduating in textile design from Nottingham, and began by selling cards and nail transfer stickers at fairs during her spare time. “Once I finished university, I had no idea what I wanted to do,” she said. 

    “I’d only made the nail stickers the night before I set up the Etsy shop. As soon as I put them online, they went crazy,” she said. 

    Miss Broughton said she now tailors her products to their popularity online and customers who write in with specific requests. “I had people writing to me all the time asking to do cocktail designs.” 

    “The next thing I know, I was making cocktails on everything – cards, nails, prints.” 

    Miss Broughton advises other would-be craftmakers to set up a website to find out which products sell. It costs her just £1 to set up the webpage and a few pence per listing.
Miss Broughton advised craftmakers to set up a website to find out which products sell

    One year into selling online, she began getting offers from shops across the world to stock her home-made goods. “My first sale was to a shop in Canada who bought these animal brooches. I stopped making them when I realised they took too long to make.” 

    Miss Broughton moved into part-time work before quitting her job completely. “I used to work in the evenings, but I was really struggling to keep up with orders and realised I had not been able to think of new designs for a while.” 

    She moved back to her Yorkshire hometown three years ago. “When you leave university you think you have to go to London and get a job,” she said.
“Then suddenly I was working for myself.” 

    Miss Broughton receives a handful of orders a day on average, but said that every work day is different. “If something does well on the Facebook or Twitter page, I often can’t predict it. It happened recently with badges so I asked some friends to help me out.” 

    Miss Broughton advised anyone with a penchant for crafts to set up a shop online. “It’s zero risk, it costs a few pence to list items, and if things don’t sell you try something different.” 

    She has no current plans to employ extra help. “I like how it is at the moment, and I like being in control – whether it’s the designs or the easy jobs like packing and posting,” she said. 

'Our shop cost us £1 and now we make £20,000’

 Karli and Jacques working on their dinosaur jewellery from home

Couple Jacques Keogh, 27, and Karli Dendy, 26, started selling dinosaur crafts through Etsy after struggling to find design jobs since graduating from Sussex University. 

    The pair, still based in Brighton, have made and sold thousands of dinosaur-themed bracelets, baubles, earrings and more through the shopping site. 

    “We’ve branched out a bit from our Triceratops designs, but find the dinosaur creations really popular,” Miss Dendy said. 

    The shop, which turns over £20,000 a year, now gets around 500 views a day and achieves 15 sales a week. “I’ve given up work but Jacques still works in a bar. We hope as the business grows that we can both go full time,” Miss Dendy said. 

    Miss Dendy said the shop had bagged them invites to take part in pop-up shops, craft fairs and 30 stockists in Britain and worldwide. 

   “We know that some people want to buy in real life, so we try to get our crafts into shops too.” 

How to sell your home-made crafts online

You may be a genius at turning some glue and paper into a craft, but online sellers should be business-minded, too. 

   Retail expert Clare Rayner, author of The Retail Champion: 10 Steps to Retail Success, said: “It’s vital to appreciate legalities like good regulation, if you should be a limited company, and if you need product liability insurance. 

    “If a customer clams they were injured by one of your products, you could lose everything you’ve built up.” 

    Get professional advice before investing your savings in the business, in order to find out the costs of accounting structures and insurance costs. 

    Another pitfall is undervaluing your products. Ms Rayner said: “Consider your time in making crafts, how many years it took to develop your skills, and the surplus of running a business.” 

    To work out pricing, find out what similar goods are selling for and ensure you are pocketing enough after costs to earn a fair wage.

Friday, 14 October 2016

4 Ways to Build a Profitable Website From Your Own Experience

It's hard not to fantasize about building your own wealth online, but actually the idea isn't as unlikely as you think. 

When you read about overnight millionaires and web celebrities enjoying ridiculous salaries, it’s hard not to fantasize about building your own wealth online. However, you probably also dismiss the idea as an outright impossibility. And that's too bad, because most people don’t realize how realistic the notion of making money online really is.

   Sure, you might not get rich, but you could earn a significant stream of passive income from a website -- maybe even enough to serve as your primary source of income. By using today’s technology and online resources, you'll find that it’s possible to build a website for free. And, all you need to create one that's profitable is a little bit of effort and a unique personal experience to share (which you probably already have).

   4 Steps to making money online 

   You might already realize that building a website is easy, but making money off that website is the hard part. You can sell specific products and services to earn revenue, but if you want to use your experience to make money, there’s a four-step process you’ll need to follow:

   Choose a niche with a significant audience.  
   Your first job is to choose a niche that has a sizable and dedicated potential audience. You’ll want to be as specific as possible here. For example, don’t just target “men.” Instead, target “male parents ages 35-to-50 interested in _______.” This may limit the total number of people you can target, but you’ll increase your content’s relevance for that audience, and you’ll be able to grow faster as a result.

   Put time and effort into your onsite content.  
  Next, build up your site with the most detailed, valuable, insightful and original content you can. This is the most crucial step of the process because, without that content, you won’t be able to retain an audience. Learn the basics of content marketing, and produce content consistently -- at least once or twice a week.


 Promote your content using audience-building techniques.           
   Next, you’ll need to start promoting yourself. Submit your content to news sites, guest-post on outside authorities, optimize your site for search engines and get yourself involved on social media. There are hundreds of ways to increase your content’s visibility, including paid options like advertising, so dig in deep and spread the word about your blog. Eventually, you’ll be able to build up a big enough stream of traffic to fuel the rest of your plan.


   Monetize that traffic. Once you have a reliable audience in place, you’ll need to find a way to monetize that traffic. This is easier than it might appear on the surface, as there are dozens of ways you can make money from a site that’s already seeing lots of traffic. For example, you could start selling products or offer consulting services, or you could sell advertising on your site. You could even use affiliate links in some of your blog posts to earn passive revenue that way.  

   Building a site from your own experience
   Once you understand the process, you next need to decide what types of personal experience you can draw on to create a blog.

   Write reviews of products or services.  
   First, you could write reviews of products and services that you already use. For example, Snoring HQ produces reviews of a number of different products designed to help users stop snoring. People almost always look for third-party neutral reviews of products and services they’re considering buying, so this is a valuable opportunity to build both visibility and user trust.

   Offer career or technical expertise.  
   This may be the most conventional item on this list, but you can use your own career, technical or professional expertise to educate other people on a specific subject. For example, Tim Wackel, a sales expert, has used his advisory blog to achieve massive popularity. When you have this type of site, your best bet is to choose a highly specific niche; most all-purpose general advice has already been dispensed, so you’ll need to find some topics that haven’t yet been explored.

   Share personal stories.  
   Don’t underestimate the value of personal anecdotes -- as long as you can keep up a consistent stream of them. For example, you might share examples of the things that happen at your workplace behind closed doors, or you might detail the experiences you have with your crazy neighbors (keeping their identities anonymous, of course). Or, you could just take a humorous slant on daily life -- as long as your ideas are unique.

   Give tangible value to others. 
   Finally, you could use your experience to give your users some kind of measurable, immediate value. For example, the Krazy Coupon Lady offers a number of coupons, deals, discounts and other monetary incentives for readers. You could easily start a site like this from your own personal endeavors in saving money; all you'll be doing is sharing that knowledge and experience with other people.

<a href="http://www.freepik.com/free-photo/woman-with-dumbbells-in-a-shopping-center_908528.htm">Designed by Freepik</a>

   Once you’ve identified a unique experience that you can share with others, your process for making money online is relatively simple. That doesn’t mean your task will be easy; in fact, it might take you months or years of hard work to build a reputation suitable enough to produce a steady stream of revenue.


   However, if you’re passionate about what you’re doing, it’s an opportunity too valuable to pass up.  


Contributor
Freelance Writer & Former Entrepreneur
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