How To Start A Hair Bow Business
Thinking of selling your handmade bows but don’t know where to start? Starting a business is exciting, but the unknowns can be daunting. While it may sound intimidating at first, turning your hobby into a business is easier than you think. Whether you’ve been crafting for years or you’re just learning how to make your first bow, you’ll be up and running quickly if you follow these steps! Taking the first step is always the hardest part. We’ve created the ultimate step-by-step guide to get your business up and running. This easy-to-follow checklist shows you exactly what you need without spending more than you have to. Online Platforms and Other Selling Options Which platform will you use to sell your bows? Shopify? Etsy? Facebook group? Face to face? There are many options.
- Consider the fees involved, marketability, and ease of shopping. Maybe you used to make bows for friends and family as a gift and now realize how lucrative it can be to sell your products. Or maybe you’ve already sold to a wider audience via Facebook and you’re ready to take the next step toward a more formal business.
- What are your goals for your business? A simple business plan will help you identify priorities, challenges, potential costs, and more.
- Take your time to review each option and determine the next best step. It doesn’t have to be forever, but something you find easy to work with (and that won’t cost you so much that you won’t be profitable enough. After all, that’s the goal).
- Partnering with a local business is a great way to get your brand name out in your community. Selling locally as well as online expands your customer base and reaches a wider audience.
2. Accounting/Tax Although this may sound stressful, accounting for a small business doesn’t have to be! Platforms like Shopify can simplify your business and summarize profits for you. Even if you choose to join Facebook groups or other similar selling methods, check out online programs like QuickBooks that make accounting easy and don’t cost more than it should. Consider Price and Cost Now you need to decide how much you will charge the customer for your bows. For example, take a cheer bow. Let’s say you list your cheerleader bows for sale for $9 – $12 each. Costs to consider are supplies (ribbons, clips, hair ties, zip ties, decorations, etc.), packaging, shipping costs, platforms, and other setup fees. Don’t forget to consider the time you will spend running this business! Read more: how to recover deleted photos from samsung note 4Suppose you buy 50 yards grosgrain ribbon for $38.50 from the RABOM website. With 50 yards, you can do 60 bows. If you sell each bow for $10 you can earn more $500 profit after accounting for the initial costs.4. Photography and Design When choosing to sell online, it’s important to make sure your product images are professional, clean, and clear. Customers can easily tell the difference between a high-quality image and a hastily created low-quality image. Here’s an example of a high-quality image with bright lighting, neutral background, and clear corners:
Here’s an example of a low-quality image with dark lighting, distracting backgrounds, and distorted corners:
Read more: how to play infinity wars beta on xbox one Product photos on your website are what customers will notice first, so make sure to take a few extra minutes to make them look professional Karma! 5. Marketing We are all influenced every day by products marketed to us. As you know, ads are everywhere! Think about how your ideal customer might find you. Google Ads and partnering with other businesses or influencers with broader audiences can be helpful tools. Remember what you know best – promoting yourself through your social networks and word of mouth can be very effective! As you’ve seen, starting a bow business doesn’t have to be stressful – in fact, it’s going to be fun! Selling your bows online is a great way to showcase your talent and get your brand out into the market. And the best part of it all is that you’re doing what you love: crafting! Visit RABOM at our website to shop for all your ribbon needs – we’re cheering you on! Good luck to future business owners! XOXO, RABOM Read more: How to make a lego minifigure display case
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