how to start a SUCCESSFUL small business🖇️🧸: the ULTIMATE guide for 2024, my stationery shop journey

annika's leaf
10 Dec 202322:30

Summary

TLDRThis video script offers a comprehensive guide for aspiring entrepreneurs looking to start a small online business. The speaker shares personal experiences, from the initial idea to launching an online stationary shop, emphasizing the importance of research, branding, and consistency in social media marketing. They discuss the practical aspects of product creation, pricing, and shipping, while also addressing the psychological barriers to starting a business. The script encourages viewers to set realistic goals, embrace imperfection, and stay motivated for long-term growth.

Takeaways

  • 🚀 **Start with Passion**: The speaker emphasizes starting a business based on personal interest and passion, as it was with her online stationary shop.
  • 🛠️ **Learn from Experience**: She admits to not having formal business education and instead, learning through her own research and experience.
  • 🌱 **Grow Gradually**: The importance of starting small and scaling up is highlighted, such as making products at home before outsourcing.
  • 🔎 **Research Thoroughly**: The script stresses the need for extensive research, especially when finding and selecting manufacturers.
  • 💼 **Understand Logistics**: The nitty-gritty of business logistics, such as product creation, pricing, and shipping, is crucial to understand.
  • 💡 **Identify Your Product**: Knowing what you're selling and how you're making it is the first step in starting a business.
  • 🛍️ **Choose the Right Platform**: The speaker recommends using platforms like Squarespace or Shopify over Etsy for more control and branding.
  • 📦 **Mind the Packaging**: Packaging is highlighted as an area that can significantly impact customer experience and should reflect the brand.
  • 💰 **Pricing Strategy**: Pricing should cover costs of production, labor, and packaging, with room for profit.
  • 📈 **Set Realistic Goals**: Setting attainable goals based on what's within your control is advised over focusing on arbitrary numbers.
  • 🌐 **Utilize Social Media**: Social media platforms like Instagram and YouTube are powerful tools for marketing and building a customer base.
  • 🎯 **Consistency is Key**: Consistent posting and brand development on social media are essential for audience growth and recognition.
  • 💡 **Digital Products**: Creating digital products can be a low-cost way to start a business, avoiding the need for physical inventory and shipping.
  • 📅 **Set a Launch Deadline**: Having a firm launch date prevents perfectionism from delaying the start of the business.
  • 🌟 **Stay Motivated**: Maintaining motivation through setting personal goals and envisioning the future of the business is vital for growth.
  • 🤝 **Community Support**: Engaging with a community of small business owners can provide support, inspiration, and growth opportunities.

Q & A

  • What was the initial motivation for starting an online stationary shop?

    -The initial motivation was the personal interest in arts and crafts, and the realization that creating and selling custom stickers could be a rewarding venture after receiving messages and comments from people interested in buying the designs.

  • What challenges did the creator face when starting their sticker-making process?

    -The creator faced challenges such as not having sticker paper and having to use FedEx printing for their designs, as well as figuring out how to cut the printed sheets with a Cricut machine.

  • How did the creator transition from making stickers as a hobby to considering it as a business?

    -The transition began when the creator received messages and comments from people interested in buying their stickers, which led them to research and learn from other artists and stationary shop owners who had successfully turned their hobbies into businesses.

  • What is the significance of the 5W approach in starting a small business according to the script?

    -The 5W approach (Who, What, When, Where, Why) is significant as it helps in simplifying the process of starting a business by addressing the key aspects such as the product, production process, location of sale, timing of the launch, and the unique selling proposition.

  • Why is it recommended to start with a minimal product range when beginning a business?

    -Starting with a minimal product range is recommended to avoid the financial risk and complexity associated with outsourcing and bulk orders, especially when the business is still in its early stages and the market demand is uncertain.

  • What are some factors to consider when choosing a manufacturer for your products?

    -Factors to consider include researching the company's values, production ethics, product quality, pricing, and customer reviews. It's also important to get samples from potential manufacturers before making a decision.

  • Why did the creator choose Squarespace over Etsy for their online storefront?

    -The creator chose Squarespace because of its user-friendly interface and the desire to have more control over their brand and domain, as opposed to using Etsy, which was perceived to be moving in a direction they did not prefer.

  • How does the creator approach pricing their products?

    -The creator approaches pricing by considering the cost of materials, labor, packaging, and any additional costs associated with production. They also look at similar small businesses for a pricing guideline and ensure they include a profit margin.

  • What role does packaging play in the creator's business, and how do they manage related costs?

    -Packaging plays a significant role as it enhances the customer experience and reflects the brand's aesthetic. The creator manages costs by being realistic, avoiding over-the-top packaging, and focusing on simple yet well-designed packaging elements.

  • Why is setting a deadline for the business launch important, and how does it impact the business growth?

    -Setting a deadline is important to prevent perfectionism from delaying the launch and to ensure that the business starts generating income. It also motivates the creator to work towards a specific goal and learn from the process, which contributes to business growth.

  • How does the creator suggest using social media for marketing a small business?

    -The creator suggests using social media platforms like Instagram and YouTube to create a cohesive and consistent brand aesthetic, post frequently, and engage with the audience. They emphasize the importance of storytelling and transparency to build a loyal customer base.

  • What advice does the creator give for staying motivated and growing a business?

    -The creator advises setting attainable goals based on what is within one's control, focusing on developing the brand and its aesthetic, and maintaining consistency in posting and product development. They also encourage finding motivation in the big picture and not getting discouraged by initial challenges.

Outlines

00:00

🚀 Starting a Small Business: The Journey and Initial Steps

The speaker shares their experience of starting an online stationary shop called On Studio, previously known as Anica Leaf shop. They discuss the initial challenges, including deciding on product pricing, shipping logistics, and the learning curve involved in running a business without formal business education. The speaker emphasizes the importance of starting a business based on personal motivation, budget, and circumstances, and shares their personal journey from making stickers at home to considering manufacturing options. They also touch on the importance of researching and understanding the manufacturing process before scaling up the business.

05:01

🛍️ Scaling Up: Finding Manufacturers and Setting Up an Online Store

The speaker delves into the process of finding and vetting manufacturers, emphasizing the need for research and aligning values and budgets. They discuss their decision to start with homemade products before outsourcing and the importance of trying out samples from different manufacturers. The paragraph also covers the choice of online storefront, with the speaker's preference for Squarespace over Etsy due to concerns about Etsy's direction and the benefits of having a unique brand identity. Financial considerations, such as the costs associated with website plans and the use of a discount code, are also mentioned.

10:04

🏷️ Pricing Strategy and Shipping Logistics

This section focuses on the intricacies of pricing products, taking into account the cost of production, materials, labor, and packaging. The speaker shares a personal approach to pricing that includes a profit margin and suggests looking at similar small businesses for guidance. The paragraph also addresses shipping considerations, such as the decision to use a PO Box for privacy, the transition from buying shipping labels to using a label printer, and the importance of keeping records for tax and financial management purposes.

15:05

📅 Launching the Business and Marketing Strategies

The speaker discusses the importance of setting a launch deadline to avoid getting lost in perfectionism and the value of learning from mistakes. They highlight the significance of identifying the target audience and defining the brand's aesthetic to stand out in the market. Social media marketing, especially on platforms like Instagram and YouTube, is presented as a powerful tool for building an audience and making the first sales. The speaker also encourages supporting other small business owners to foster a sense of community.

20:05

🌟 Growing the Business: Consistency and Goal Setting

The speaker emphasizes the importance of consistency in posting on social media to develop a brand's aesthetic and style. They discuss the power of longer-form content on platforms like YouTube to build a loyal audience and the value of transparency and personality in marketing. Setting achievable goals that are within one's control, such as posting regularly on social media, is highlighted as a strategy for growth. The speaker also shares personal motivational strategies, like envisioning future products and using Pinterest boards to maintain a long-term perspective on business development.

💪 Overcoming Challenges and Encouragement for Aspiring Entrepreneurs

In the final paragraph, the speaker provides encouragement and reassurance to those considering starting a business. They acknowledge the fear and challenges involved but stress the importance of taking the first step and not getting bogged down by details. The speaker suggests starting with low-cost options like digital products and emphasizes the potential for growth and learning. They conclude by expressing excitement for the future of their own business, On Studio, and inviting viewers to share their small business social links in the comments for networking opportunities.

Mindmap

Keywords

💡Small Business

A small business refers to an independently owned and operated business organization that is smaller in size and has fewer employees than a large business. In the video's context, the speaker discusses starting her own small business, an online stationary shop, and shares her journey and advice for others looking to do the same.

💡Online Shop

An online shop is a digital platform that allows consumers to browse and purchase goods or services over the internet. The video script mentions the speaker's experience in launching her own online shop and the various considerations, such as branding and logistics, that come with it.

💡Branding

Branding is the process of creating a unique name, symbol, or design that identifies and differentiates a product or service from others. The speaker emphasizes the importance of branding in establishing a unique identity for her online stationary shop and mentions the evolution of her brand from its initial stages.

💡Manufacturing

Manufacturing involves the industrial production of goods in large quantities. In the script, the speaker talks about the transition from making products at home to outsourcing production to manufacturers, which is a critical step in scaling her small business.

💡Logistics

Logistics refers to the detailed organization and implementation of a complex operation or the management of the flow of things between the point of origin and the point of consumption. The video discusses the logistical challenges of running a small business, including product creation, pricing, and shipping.

💡Pricing Strategy

A pricing strategy is the method or approach a business uses to determine the price at which to sell its products or services. The speaker explains her approach to pricing, taking into account the cost of production, labor, and packaging, and how she ensures profitability while remaining competitive.

💡Packaging

Packaging is the process of enclosing or protecting products for distribution, storage, sale, and use. The video script highlights the importance of packaging in creating a memorable customer experience and how the speaker's approach to packaging has evolved with her business.

💡Shipping

Shipping refers to the process of transporting goods from one place to another, typically over long distances. The speaker discusses the practical aspects of shipping, such as using a PO Box for privacy and the decision to invest in a label printer for efficiency.

💡Digital Products

Digital products are intangible goods that are distributed and sold online. The video mentions digital products as an alternative for those looking to start a business without the overhead costs associated with physical inventory, such as the speaker's experience with creating and selling a digital calendar.

💡Marketing

Marketing is the process of promoting, selling, and distributing a product or service. The speaker talks about the power of social media marketing in building an audience and making initial sales, emphasizing the importance of consistency and building a community.

💡Social Media

Social media are websites and applications that enable users to create and share content or participate in social networking. The video script discusses the use of social media platforms like Instagram and YouTube for marketing and building a brand presence, as well as connecting with other small business owners.

💡Content Creation

Content creation refers to the process of developing and producing various forms of content, such as videos, blogs, or social media posts. The speaker shares her experience with content creation, particularly on YouTube, as a means of building a loyal audience and establishing a personal connection with customers.

💡Goal Setting

Goal setting is the process of identifying something that one wishes to achieve. The video emphasizes the importance of setting attainable and measurable goals that are within one's control, such as posting consistently on social media, to drive business growth and maintain motivation.

💡Consistency

Consistency in this context refers to the regular and persistent effort in performing tasks or activities, such as posting on social media or creating new products. The speaker stresses the importance of consistency in building a brand and growing a business, as it helps in developing a recognizable style and audience engagement.

Highlights

Starting a business is about timing, motivation, budget, and personal circumstances rather than a perfect moment.

The speaker's journey began with an online stationary shop, highlighting the importance of personal interest and experience.

Learning about business through experience and research is emphasized, not just formal education.

The initial challenge of creating and selling homemade stickers, demonstrating the difficulty of starting a business from scratch.

The importance of minimal product offerings when starting out to avoid overwhelming initial investments.

Researching and understanding manufacturers is crucial for quality and ethical alignment with your brand.

Choosing an online storefront platform like Squarespace over Etsy for more control and uniqueness.

The significance of pricing strategy that includes production costs, labor, and packaging.

Packaging as a differentiating factor that adds value to the customer experience.

The benefits of starting with digital products to reduce initial costs and complexities.

Setting a firm launch date to overcome perfectionism and start the business.

Identifying the 'why' of your business to differentiate it in the market.

The power of social media marketing and building a brand aesthetic through consistency.

Developing a loyal audience through storytelling and transparency on platforms like YouTube.

The importance of setting measurable goals based on capabilities rather than arbitrary numbers.

Staying motivated by focusing on long-term dreams and the big picture, not just immediate results.

The encouragement to start a business with low-cost methods like digital designs, emphasizing the potential for growth.

The final advice to give the business a chance with a set timeline and consistent effort to evaluate its feasibility.

Transcripts

play00:00

how do I start a successful small

play00:02

business I am opening my very own online

play00:05

shop in a few days we be ready to launch

play00:09

thank you so so much on the success of

play00:12

the shop update sold out on the first

play00:15

day this has to be my most frequently

play00:18

Asked question ever on my channel in my

play00:20

Instagram DMS questions ranging anywhere

play00:22

from the very general vague how do I

play00:25

start where do I begin all the way to

play00:27

the nitty-gritty how do I decide what

play00:29

the price should be for each item how do

play00:31

I ship things out I will hopefully cover

play00:34

everything in this video so you are able

play00:36

to get started building your small

play00:38

business for the new year or anytime you

play00:41

may come across this video there is

play00:42

never just one time that's perfect for

play00:45

starting a business it all comes down to

play00:47

circumstances your own motivation your

play00:49

own budget lifestyle Etc I only started

play00:52

my small business about 2 years ago I

play00:55

did not study business finance marketing

play00:57

anything related in school everything I

play00:59

have learned has been through my own

play01:01

experience my own research so I just

play01:03

want to put that out there as a

play01:04

disclaimer to take everything you hear

play01:06

in this video with a grain of salt

play01:08

because everyone's Journeys are

play01:09

different enough Preamble I'm going to

play01:11

get started with the very beginning of

play01:12

my own

play01:14

Journey i r an online stationary shop

play01:17

called On Studio initially it was just

play01:19

called Anica Leaf shop I only officially

play01:23

branded and launched it at the beginning

play01:25

of 2022 and that was the time that I

play01:28

really started getting serious about it

play01:29

I've always had a personal interest in

play01:32

arts crafts my very first videos on this

play01:34

channel were journaling videos they were

play01:37

bullet Journal setup videos showing my

play01:39

monthly themes using stickers pens Washi

play01:42

tapes then back around the summer of

play01:44

2021 I got a cricket which is a sticker

play01:46

maker at the time I followed artists

play01:49

online who built their own sticker shops

play01:51

made their own stationer by using a

play01:53

Cricut or a silhouette to cut their own

play01:55

sticker sheets at home so I already had

play01:57

some familiarity with that process but

play01:59

girl let me tell you actually making

play02:00

those things in the first place was so

play02:02

hard for me I didn't have sticker paper

play02:05

I actually used FedEx printing and sent

play02:07

them PDF of my sticker sheet design had

play02:10

them printed there brought it back home

play02:12

and tried to cut it with the Cricut

play02:14

messing around see what I can make for

play02:16

myself and I was definitely not thinking

play02:18

about selling it I had this YouTube

play02:19

channel and I was making Vlogs about my

play02:21

whole sticker making process just

play02:23

because that's what I was up to at that

play02:24

time and I received some messages and

play02:26

comments asking if I plan to sell them

play02:29

we're saying that they would be

play02:30

interested in buying my designs that's

play02:32

when I started thinking I had followed

play02:35

artists and stationary accounts on

play02:37

Instagram and YouTube who ran their own

play02:39

shops from home made a living doing that

play02:41

sort of stuff and I just saw that as

play02:43

something I would never think about

play02:45

doing like those first sticker sheets I

play02:46

made through FedEx and everything were

play02:48

so rough but the more I thought about it

play02:50

the more I was like you know why not

play02:52

give it a try it was so rewarding to

play02:54

create my own stickers and I was just so

play02:57

excited that I was able to put my own

play02:59

artwork in the journal and the fact that

play03:01

people are expressing interest in it

play03:03

already I was like what what's stopping

play03:05

me I already have this Cricut let's

play03:07

let's see if I can do anything with this

play03:09

so I started studying the journeys that

play03:11

these artists and stationary shops would

play03:13

take scroll to the very first picture in

play03:15

their feed get their very first YouTube

play03:16

Vlogs figure out how they got their

play03:18

start and made it into something more

play03:21

now you can see that whole journey on my

play03:24

YouTube you've decided you want to start

play03:26

a small business now you've got to

play03:28

figure out how to get it going and I

play03:29

assume that's why you're brought to this

play03:31

video I've watched so many YouTube

play03:33

videos how to start a small stationary

play03:35

shop how to start a sticker business how

play03:37

to unjam a cricket I've already been

play03:39

over the technicalities of my printer

play03:41

the sticker paper I started with all

play03:43

that in a previous video so I will link

play03:45

that in the description but here's just

play03:46

an

play03:47

overview I feel like a lot of us have

play03:49

the creative idea in our mind but the

play03:51

part that starts tripping people up and

play03:53

prevents us for making any progress

play03:55

towards that big picture is the

play03:57

logistics of it all so I'm going to go

play03:59

through the nitty gritty and I'm going

play04:00

to try simplifying that as much as

play04:02

possible for you we're going to do it

play04:04

the 5w approach as unintimidating as

play04:07

possible one what are you selling what's

play04:09

your product for me I was starting with

play04:11

stickers scrunchies and beaded Rings

play04:14

this is where I start because this is

play04:15

what I knew how to make not only do you

play04:17

need to know what it is you're selling

play04:19

but how you're making it how are you

play04:21

getting it I didn't start Outsourcing

play04:23

things until several months into my

play04:25

business I was printing and cutting the

play04:27

sticker sheets at home I was sewing the

play04:29

scrp by hand because that's something

play04:31

that I learned how to make when I was

play04:33

much younger actually in high school and

play04:34

that was something fun then one of my

play04:36

big Co Hobbies was I taught myself how

play04:39

to make these little beaded rings so

play04:41

those were my starring products I think

play04:43

you should keep it minimal when you're

play04:44

first starting out maybe don't start

play04:46

reaching out to manufacturers yet while

play04:48

you're just getting your feet wet cuz

play04:50

when you reach out to manufacturers you

play04:52

do usually have to pay a minimal order

play04:54

quantity and you have to buy things in

play04:56

bulk that was really scary at the

play04:57

beginning because I had no idea how this

play04:59

would turn out I had no idea if enough

play05:01

people would buy my things that would

play05:03

warrant ordering hundreds upon hundreds

play05:05

of items so I stuck with the things that

play05:07

I knew I can make at home when it did

play05:09

come time to scale things and find

play05:11

manufacturers I have so many questions

play05:13

about how to find a manufacturer how to

play05:15

make sure you can trust those

play05:16

manufacturers the bottom line is

play05:18

research I really can't give you any

play05:20

shortcuts for doing that cuz you should

play05:22

be researching the companies that are

play05:24

going to be making your products you

play05:26

should know their values how they make

play05:28

things if that ethic Al aligns with your

play05:30

values if those prices align with your

play05:34

[Music]

play05:38

budget in the beginning I simply typed

play05:41

in washi tape manufacturers sticker

play05:43

sheet manufacturers sticker sheet

play05:45

manufacturers in the US literally just

play05:47

type that into Google you can find

play05:49

reviews you can find other artists blog

play05:51

post you should get samples from each of

play05:53

the manufacturers before you decide on

play05:55

which one you want to go with it's a

play05:56

little like dating you know you got to

play05:58

shop around a bit before you res settle

play06:00

on the one once you have your products

play06:02

where where are you going to sell it

play06:04

this most likely is an online storefront

play06:06

I started on Squarespace and that is

play06:08

what I have used my entire time I chose

play06:10

it because it was very user friendly and

play06:12

I didn't want to use Etsy because I had

play06:14

heard a lot of complaints people who had

play06:16

used Etsy and were not liking the

play06:18

direction it was moving the argument

play06:19

could have been made that it would be

play06:21

easier to Market yourself through Etsy

play06:23

because you have related shops and

play06:25

everything and the hard work of signning

play06:26

up storefront is already done for you

play06:28

personally I would recommend signing up

play06:30

your own site whether that be through

play06:31

Squarespace or through Shopify because

play06:34

eventually you probably would want to

play06:36

move off Etsy right have your own domain

play06:38

establish your own brand not only does

play06:40

it look more professional it makes your

play06:42

brand more unique its own entity and

play06:44

you're probably already putting in a lot

play06:46

of time and effort into your own social

play06:48

media marketing even now from my

play06:50

consumer experience it seems like Etsy

play06:52

is kind of being taken over by larger

play06:54

Brands anyway so I would recommend

play06:56

setting up your own storefront when I

play06:57

set up my Squarespace I went with the

play06:59

smallest plan possible the cheapest

play07:01

monthly plan and then you can always

play07:03

scale up from there I do know that

play07:05

looking at this plan $23 a month seems

play07:07

quite expensive especially if you're

play07:09

just starting your business I actually

play07:10

have a 10% off code onica leaf that you

play07:13

can use that checkout this is not a

play07:14

sponsored video but I partnered with

play07:16

them before and I think this code is

play07:18

still

play07:20

valid you have your products you have

play07:23

your site now you're putting your

play07:24

products on the site how are you going

play07:26

to price things and once an order is

play07:28

placed how are you going to share it the

play07:29

way I price my items I break it down to

play07:31

the price it costs to make it if I'm

play07:34

getting it manufactured how much does it

play07:36

cost per unit to make or back when I was

play07:38

making everything at home all the

play07:40

materials that go into making it also

play07:42

the cost of Labor how much time are you

play07:44

putting into each of these products and

play07:46

then the packaging how much does all the

play07:48

packaging up of these products cost I

play07:50

find a lot of small businesses

play07:52

especially stationary ones like mine we

play07:54

put a lot of time and effort and thought

play07:56

behind the packaging we want it to be

play07:57

cute we want it to have our brand we

play07:59

want to make it a whole fun experience

play08:01

for the customer and I think that's

play08:03

something that customers really do value

play08:05

whenever I order something and it's

play08:06

packaged all cely like this and you can

play08:08

see the time and effort it makes me so

play08:10

excited to buy and order another thing

play08:12

from them something like packaging can

play08:14

kind of add up here is where you need to

play08:16

be realistic with yourself and make sure

play08:18

you're not going overboard which I

play08:20

personally have definitely done you want

play08:22

your packaging to be something that is

play08:24

you know nice to look at but also you

play08:27

don't have to include 10 million

play08:29

freebies you don't have to get all

play08:31

custom designs these are things you can

play08:33

focus on when you are scaling up your

play08:35

business we're just getting started a

play08:37

simple really well-designed business

play08:39

card can go so far or even if you want

play08:41

to use just color tissue paper I use

play08:44

pink color tissue paper but it doesn't

play08:46

have my Brand's logos or anything on it

play08:49

in the beginning when I was printing my

play08:50

stickers I was even printing my own

play08:52

design seal stickers so that was still

play08:55

something that I was making at home at

play08:56

the time until I came to a point where I

play08:58

was able to to Outsource that and I look

play09:00

at the time it takes to package the

play09:02

product because now that I do have an

play09:04

assistant I'm also paining her to help

play09:06

me package all these orders but even if

play09:08

you don't have an assistant you want to

play09:10

be paying yourself fairly for that I'm

play09:12

just going to provide a very quick

play09:14

sample and these are fictional numbers

play09:16

these are not the exact numbers that I

play09:17

use for my products say you're making a

play09:20

keychain and it costs $3 package that

play09:22

keychain you use tissue paper a seal

play09:25

sticker a mailer all that comes out to

play09:27

around 170 then the cost of Labor say

play09:29

you're paying yourself $18 an hour to

play09:31

pack orders and it takes on average 3

play09:33

minutes for you to package a keychain

play09:35

add that all up and you have 560 that is

play09:38

what do you need to price it if you only

play09:39

want to break even which I assume you

play09:41

don't so you want to multiply it by a

play09:43

profit margin and that becomes your cost

play09:45

of the product what's really helpful for

play09:47

me is I look at other small businesses

play09:50

that are selling similar products and I

play09:51

use that as a guideline for how I price

play09:53

my products once you made that sale how

play09:55

are you shipping it out if you are able

play09:57

to invest I would highly recommend gain

play09:58

your your own label printer at home I

play10:00

use the Rollo thermal printer roll Rollo

play10:04

thermal printer and I started by using

play10:06

shipo to buy the shipping labels once I

play10:08

started getting way more orders I made

play10:10

the transition to ship station something

play10:12

you may want to keep in mind when doing

play10:14

shipping you may want a PO Box because

play10:16

I'm on the internet I obviously don't

play10:18

want to use my home address when I was

play10:19

shipping from my home so I had a PO box

play10:22

set up but again that's also another

play10:23

cost so I got a lot of questions about

play10:26

the taxes and the financial and legal

play10:28

side I'm not going to go really into

play10:30

that because that's stuff that I'm not

play10:32

well versed in myself it's kind of scary

play10:34

for me still like I don't want the IRS

play10:36

to come for

play10:39

me so I'm not going to be giving that

play10:41

type of advice but there are definitely

play10:43

resources out there for you to look into

play10:45

but for you when you're gting started

play10:46

make sure you're keeping a log of all of

play10:48

your expenses all of your monthly

play10:51

subscriptions like for the website for

play10:53

the PO Box how much each material cost

play10:55

all of this stuff make sure you're

play10:57

keeping records of it managing ing your

play10:59

money from the start and budgeting plays

play11:01

a huge part because of course it does

play11:03

cost money to start a business that's

play11:05

why I did want to highlight creating

play11:07

digital products so you don't have to

play11:08

worry about things like shipping and

play11:10

even just handling physical inventory

play11:12

that's something that I want to do more

play11:14

coming up in the new year at the

play11:16

beginning of the year I made a calendar

play11:18

which was a digital printout because I

play11:20

didn't have to factor in the cost of

play11:21

shipping and actually making it it was

play11:24

like a onetime make product I was able

play11:27

to price it a lot lower and I found that

play11:29

it had so many sales because it was also

play11:31

easily accessible for customers they

play11:33

didn't have to pay the shipping fees

play11:34

they were able to print it at home it

play11:36

was kind of a win-win for everyone I

play11:38

have a digital Planner on my site as

play11:39

well but that's very outdated so I do

play11:41

want to make a new updated version of

play11:43

that soon the digital products are

play11:45

definitely something you may want to

play11:46

look into if you're trying not to spend

play11:48

a ton of money especially in the start

play11:50

of it all when are you going to launch

play11:53

your business once you do a lot of

play11:54

research and you start making your

play11:56

products you need to set a deadline for

play11:58

your launch if if you're anything like

play11:59

me you're going to get caught up in all

play12:01

the little details you're going to be a

play12:02

perfectionist wanting everything to run

play12:05

smoothly your best work right at launch

play12:07

it's not realistic you're going to learn

play12:09

things along the way that you can only

play12:10

learn from making the mistake cuz when

play12:12

you make them you're going to realize oh

play12:14

there's a better way to do this I think

play12:16

that's one of the biggest things holding

play12:18

people back they want everything to be

play12:19

perfect and that's just not going to

play12:21

happen you have to set that deadline for

play12:23

yourself to make sure that you actually

play12:25

start it I think it's easy to get

play12:27

discouraged before you even begin but

play12:29

you have to realize that at your very

play12:30

start that's not your Peak you're

play12:32

nowhere near the biggest potential it

play12:34

can be you're most likely not going to

play12:36

have thousands upon thousands of

play12:37

customers right at your launch it is

play12:40

okay to make mistakes the beginning but

play12:42

you need to start and having a hard

play12:43

deadline will motivate you to work

play12:45

towards that time and the last part the

play12:47

why why should people buy your products

play12:49

why should people follow your brand what

play12:51

sets you apart from everyone else this

play12:53

is where I'm going to get into the whole

play12:55

marketing of it you need to identify

play12:57

your target audience who who are you

play12:59

selling these products to do you have a

play13:01

specific aesthetic that your products

play13:03

fall into or is it a certain category of

play13:05

stationary types like do you want to

play13:07

make journaling specific stationary do

play13:09

you want to make personalized cards type

play13:11

of stationary identifying and defining

play13:14

your brand is so important for growth I

play13:16

think I've always had a pretty specific

play13:18

aesthetic I like pink I like cozy things

play13:21

I like warm tones so that is what my

play13:23

brand started focusing on by having this

play13:25

aesthetic people should be able to

play13:27

recognize your products without even

play13:28

knowing that they're yours and sometimes

play13:30

it takes time to find and develop your

play13:32

Brand's aesthetic this is where posting

play13:34

on social media comes into play I get so

play13:36

many questions on how I made those first

play13:38

sales as I went over at the beginning I

play13:40

started with the YouTube channel people

play13:42

saw the very start of my stickers so I

play13:45

was in a bit of a unique situation where

play13:47

I already had an audience and people who

play13:49

wanted to buy these products before its

play13:51

launch I think that goes to show the

play13:53

power that social media marketing has

play13:55

and why you really need to tap into that

play13:57

I know Instagram and Tik Tok a lot of

play13:59

businesses use these for marketing

play14:01

personally I'm not too into the Tik Tok

play14:03

sphere but I do focus on creating a very

play14:06

cohesive Instagram feed for my shop all

play14:08

the same filters I take the same warm

play14:11

sunlight grainy photos and I keep

play14:14

consistent with that and that word

play14:16

consistency is the key even if you don't

play14:19

have a specific aesthetic in the

play14:20

beginning as long as you keep posting

play14:22

and sometimes forcing yourself to post

play14:24

frequently enough you'll start to find

play14:26

your own Rhythm and develop your style

play14:28

you also see what works best with an

play14:30

audience and by using hashtags trying

play14:33

out different types of reals on

play14:35

Instagram or audios you'll slowly start

play14:38

to build an audience over time but you

play14:40

do have to be consistent with it if that

play14:42

means posting multiple times a week then

play14:44

you really got to stick to it like

play14:46

there's no way around it that's how the

play14:48

algorithms work what you can do is you

play14:50

can create a bunch of photos at once

play14:52

like usually I'll do photo shoot days

play14:54

where I'm taking product photos for an

play14:56

entire afternoon and then I'm saving

play14:57

them editing them and scheduling them to

play15:00

post on Instagram I've heard from a lot

play15:02

of other creators too that YouTube is

play15:04

what really develops the most loyal

play15:06

audience because you're gting longer

play15:08

form content than say Instagram or Tik

play15:10

Tok people get really invested in the

play15:12

people behind the businesses and they

play15:14

want to see the stories they want to see

play15:16

where you came from how you do it the

play15:18

behind the scenes that a lot of big

play15:19

Brands don't show it makes you

play15:22

personable and relatable and the

play15:23

audience feels connected to more than

play15:25

just a brand entity at the end of the

play15:28

day you know human connect to humans and

play15:30

not to be biased but I also like

play15:32

consuming content on YouTube the most it

play15:35

may take more time than posting on

play15:37

Instagram a few times a week this is how

play15:39

I developed a loyal customer base I can

play15:42

make a whole different video on how to

play15:44

start becoming a content creator on here

play15:46

I think people want to see transparency

play15:49

and personality they want to get to know

play15:51

who you are and who your brand is I get

play15:54

excited for shop launches of people who

play15:56

I followed on YouTube or Instagram for

play15:58

such a long time because I want to see

play16:00

that person's success it's not just

play16:02

about the products I mean of course I

play16:04

like the products that I'm buying but I

play16:05

also want to support who these people

play16:07

are and their whole journey supporting

play16:09

people who are also doing the same thing

play16:12

as you who may be an inspiration who you

play16:13

look up to there's like a real sense of

play16:15

community there like on Instagram or

play16:17

something you can make friends with

play16:18

other people who are starting up their

play16:20

small businesses in fact if you've

play16:21

reached this part in the video like girl

play16:23

I've been rambling for I don't even know

play16:25

how long but drop your small business

play16:27

social link in the comments reply to

play16:29

some people maybe you can connect with

play16:30

other aspiring small business owners and

play16:32

help each other grow if you're worried

play16:34

about consistency in terms of having

play16:36

enough things to post about say like all

play16:38

you've been doing is designing or

play16:40

packaging things you can make content

play16:42

out of that you can make a time lapse of

play16:44

you just sitting at your desk designing

play16:46

and slap a trending audio on that or you

play16:48

can film yourself unboxing a new product

play16:50

if you're working up to a shop update

play16:52

you can tease all the new products you

play16:53

got coming up build that interest get

play16:55

people excited for the launch so so now

play16:58

you've launched your business you have a

play17:00

brand aesthetic in the works you're

play17:02

developing it you're starting to make

play17:04

your first sales whether that be funnel

play17:06

through Instagram or YouTube or maybe

play17:08

it's your other small business friends

play17:10

supporting one another how do we switch

play17:11

mindsets from starting to growing and

play17:14

how do we stay motivated set goals I

play17:17

love setting goals I love having a

play17:19

vision of what I want for the future

play17:21

whether or not that is necessarily

play17:23

attainable is not a factor I think about

play17:26

you know shoot for the stars and if you

play17:28

miss you drag your feet in the tips of

play17:29

the trees whatever that saying is I've

play17:31

heard so many times when it comes to

play17:32

saying goals set something that is

play17:34

trackable like a number not something

play17:36

arbitrary like be successful you need

play17:39

specific and measurable goals but with

play17:42

that I would not set goals that revolve

play17:45

around numbers like followers sales or

play17:48

income necessarily if I fixate on a

play17:51

number like that that is not within my

play17:53

own control and power it is not good for

play17:55

my mentality instead I set goals BAS B

play17:58

on what is within my capabilities for

play18:01

example with the consistency set a goal

play18:03

like I will post three times on

play18:06

Instagram that is something that is

play18:08

attainable that you can achieve you

play18:09

cannot directly control how many people

play18:12

are shopping from your store stuff like

play18:14

that fluctuates all the time and it's

play18:15

easy to get discouraged when there are

play18:17

dips or slow periods I choose to focus

play18:20

on things that excite me like I want to

play18:22

make 10 new products by the end of the

play18:25

month goals like that that are still

play18:27

measurable that you can track but are

play18:29

all completely within your own control

play18:31

instead of focusing on the number side

play18:33

of it focus on developing the brand

play18:35

itself cuz there's always more work you

play18:37

can do in terms of upgrading your

play18:38

business and developing its style it's

play18:41

aesthetic and by improving upon those

play18:43

things your business will grow for you

play18:45

it will just become a more cohesive

play18:47

higher quality brand and people are

play18:48

going to want to buy from it and it gets

play18:51

easier it really does the beginning is

play18:54

so hard and daunting figuring everything

play18:57

out it seems like there are a million in

play18:59

one things you need to keep track of to

play19:01

learn about to research it is hard and

play19:03

it's going to be timec consuming like

play19:04

I'm not going to sugar coat it that's

play19:06

what weeds out a lot of people in the

play19:07

beginning and sets other people apart

play19:10

because they actually stick with it you

play19:11

need to find that motivation within

play19:13

yourself to keep going even when you're

play19:15

breaking down crying about things like

play19:16

casses I stay motivated with big picture

play19:18

ideas my dreams of the future it sounds

play19:21

a little like naive maybe I don't care I

play19:24

literally have a Pinterest board I have

play19:25

a private Pinterest board of like all

play19:27

the types of products and packaging that

play19:30

I One Day wish to make and sometimes

play19:32

I'll just look at that at night and I'll

play19:34

be like that sounds so far away I could

play19:36

never imagine actually making those

play19:38

products but then if I look back to

play19:39

myself 2 years ago I would never even

play19:41

imagine being here today and having a

play19:43

business if I never started it so though

play19:45

things may seem like a distant dream I

play19:47

showed consistency and now I'm seeing

play19:49

the effects of all that effort overall

play19:52

the biggest mistake you can make in

play19:53

starting a business is not

play19:57

starting

play20:02

getting bogged down and all these

play20:03

details that you may be trying to

play20:05

perfect this is only holding you back

play20:07

it's okay to make those mistakes at the

play20:08

beginning I swear the world is not going

play20:10

to end I promise you yes it's scary but

play20:12

I am cheering for you I know you can do

play20:14

it I was so scared and nervous to do it

play20:16

myself and seeing how I've grown and how

play20:19

I've learned from it I know I know you

play20:21

can do it too don't worry about what

play20:23

other people are going to think when

play20:24

you're first starting out like yeah it

play20:25

might not be great I look back at my old

play20:27

designs my first designs and I'm like

play20:30

girl I can't believe people bought those

play20:31

from you they would just be nice and

play20:33

also you can be realistic with yourself

play20:35

you don't need to invest a whole bunch

play20:38

of time and money into starting a

play20:40

business if that's not within your means

play20:42

as I said you can try something digital

play20:44

I always go back to the fact that I

play20:46

started drawing designs for my business

play20:48

on my phone I used a little pen stylist

play20:51

I got like a pack of 20 pen stylist on

play20:54

Amazon and I used pocket procreate I'm

play20:56

sure it's like $4 in the App Store you

play20:59

can start by making digital designs on

play21:01

your phone selling those on a site like

play21:03

Squarespace or something you don't have

play21:05

to worry about shipping you don't have

play21:06

to worry about packaging that is a very

play21:08

lowcost way to get started the

play21:10

possibilities are endless and I believe

play21:12

in you you really can do it 2024 it's

play21:14

going to be your year you're going to

play21:15

start this business and you're going to

play21:17

stick with it at least give yourself a

play21:19

few months you know like a timeline and

play21:21

you'll just try it consistently for that

play21:23

period of time and you'll see if you

play21:25

make any growth you'll see what you need

play21:27

to adjust if this is something that you

play21:29

can stick with in your current lifestyle

play21:31

but you need to give it a chance before

play21:32

you can do anything about it oh my

play21:34

goodness the Sun is setting it is 4:07

play21:38

p.m.

play21:40

what I hope this answered most of your

play21:43

questions about starting a business in

play21:44

2024 or whenever you may be watching

play21:46

this if you have any more things that I

play21:48

did not touch on or I didn't go over

play21:50

please leave a comment below and I will

play21:51

try to reply to it thank you so so much

play21:54

for watching and thank you as always for

play21:56

supporting On Studio my business

play21:58

business I'm so excited to share with

play21:59

you the next chapter of it and all the

play22:01

products I have coming before the end of

play22:03

the year I'm so excited they're almost

play22:05

here like I swear I check the shipping

play22:07

updates every day praying for them to

play22:09

get to me faster so I can list them on

play22:11

my site but you know those are the

play22:12

things I can't control so I will listen

play22:14

to my own advice and focus on what I can

play22:16

control take care

play22:22

[Music]

play22:26

friend

play22:29

what

Rate This

5.0 / 5 (0 votes)

Related Tags
Small BusinessOnline ShopEntrepreneurshipProduct PricingE-commerceMarketing TipsBrandingSocial MediaDigital ProductsGoal Setting