✨How to start an Online Business in 2024✨

Summary

In this video, Milly Joe shares her journey of starting an art business called 'Lovely Mee,' selling stickers and crochet items. She explains the importance of research when launching an online business, detailing her process of learning about shipping, payments, and taxes. She emphasizes starting small with just a few products and growing gradually. While her official website is still under construction, she currently uses Instagram to take orders and showcase her products. The video is divided into three parts: research, products, and building an online store or Instagram shop.

Takeaways

• 🎨 Start with Passion: Jody's art business began with a passion for creating art and selling stickers and crochet items.
• 🌐 Online Presence: Jody uses Instagram to showcase products and build a brand, highlighting the importance of social media for business.
• 🔍 Research is Key: Extensive research is crucial before starting an online business, including understanding shipping, payments, and taxes.
• 🛍️ Product Selection: Jody advises starting with one or two products you're confident about, rather than trying to sell everything at once.
• 👐 Hands-on Approach: Jody chose to create products by hand, which aligns with her love for art, but acknowledges the benefits of manufacturing for efficiency.
• 📈 Growth Strategy: The business is growing gradually, with plans to add more products as it expands.
• 🌐 Website vs Instagram Shop: Jody is working on a website but currently uses Instagram's shop feature to take orders and accept payments.
• 📝 Legal Considerations: The script implies the need to consider business registration and tax implications when starting an online business.
• 📈 Marketing Strategy: Jody discusses the importance of choosing the right platform for your business, which can affect how much marketing is required.
• 📢 Channel Focus: Jody's channel will focus on business and art content, providing insights into her life as an art business owner.

Q & A

What is the name of Jody's art business?

The name of Jody's art business is 'Lovely Mee'.

What types of products does Lovely Mee currently sell?

Lovely Mee sells stickers and crochet items such as plushes or keychains.

Why hasn't Jody opened her online store yet?

Jody hasn't opened her online store yet because she is still working on some final details.

How does Jody accept orders and payments in the meantime before her online store is ready?

Jody accepts orders and payments through her Instagram shop.

What are the three parts Jody's video is divided into?

The video is divided into three parts: research, products, and website/Instagram shop.

Why does Jody consider research to be the most important part of starting an online business?

Jody considers research to be the most important part because it provides a solid base for understanding the business landscape and helps in making informed decisions about various aspects like shipping, payments, and taxes.

What advice does Jody give regarding the number of products to sell when starting an online business?

Jody advises starting with one or two products that one is confident about and then gradually adding more as the business grows.

What are the two main considerations when choosing a product to sell according to Jody?

The two main considerations are whether to create the product by hand or to get it manufactured.

Why did Jody choose to create a Creator's account on Instagram instead of a personal or business account?

Jody chose a Creator's account for her business, but she mentions that she will explain the benefits and reasons for this choice in a future video.

How does Jody handle orders through her Instagram shop?

Jody handles orders through direct messages (DMs) on Instagram, and then communicates further details and accepts payments through email.

What kind of content can viewers expect from Jody's channel in the future?

Viewers can expect content related to business, art, starting an online business, and insights into Jody's life as an art business owner.