Hello World,
What scares you about starting your own business? There is several underlying fears people often overthink about and just stop pursuing their passions. I am sure you felt one of these or the other, here is a list of your self limiting beliefs…
- What will people think? How will they look at me when I start a business?
- What if I fail? What will people think of me then?
- What if I lose money?
- I don’t know which products or services…
- This is too much work, I don’t know anything
- I don’t know where to start my business, their are way too many pieces.
- The market is too saturated for what I want to do...
- Too much money to invest…
- I don’t know how to talk to my suppliers
- I don’t know how to market my product. I am not a social media personality. I am too shy.
- I don’t know any of the legal stuff…
- I am not good enough…
- I just don’t know where to start…
Money
Here is the thing, you will always have these fears if you don’t over come and take a step to begin somewhere. These days people do not take a lot of money to start their business. You have to see what is costing you. The supplies, shipping fees, hosting, advertising and little extra for other costs. You have to plan your exepense. Even then you won’t see a profit right away, unless you are selling a stellar product or service.
You have to keep reinvesting until it grows. The whole business journey is a process. But you have to be willing and consistent to see a growth.
Get to saving about $1,000 to $3,000 to invest in yourself. Get a sewing machine, a circuit, a camera, or an orbelo account to start your own business.
Product Research
It is easy these days. Orbelo literally shows you analysis on how much products are selling and which ones are popular. There are other paid analytics tools. You need to always research on current trends to stay up to date. But, if you have your own product then it comes down to your marketing and your social media presence.
Also, if you are designing your products, then i have glog posts on how to research trade marks.
Find suppliers and reach out to them and negotiate the prices. If you are using oberlo, you won’t need to do it. However, for a good pricing strategy where you are making a profit, please plan it all out!
Where to Start? Register your business.
Do a Google Search, it tells you step by step. This is literally what you type in, “how to start a business in (Your Area)”. This will give you start to finish of how, what, why and when tot register your business and any small fees associated. Do the search or you will be left with your self limiting beliefs.
Start your research before you write in the comments that it can’t be done! Have a little faith in yourself.
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