Top 3 small business in 2022
1. HOME GARDENING
HOW TO START HOME GARDENING BUSINESS
- Gardening means different things to different people. Before you hang your shingle out as a gardening expert, develop a precise list of services. These may include:
- If you are stuck for ideas, browse the websites of other gardeners and landscapers. You can spot what you know how to do and what you are willing to learn. Then, create your own website that states who you are and what you offer.
- To compete with other gardeners, you should charge a reasonable price. But you also need to make a profit. Browse the prices of competitors in your area. Work with your price list as you determine your business expenses, so you have enough margin to sustain your company.
- List out the expenses for your company. These will fall into two categories:
- Gardening and landscape businesses typically have modest startup costs. Experts speaking to Entrepreneur state you can get going for under $5,000.
- You may have at home the equipment you need to get started. A couple of essentials are a vehicle and gardening equipment. Depending on the type of job, you may also want to have carpentry tools on hand. Those help with things like seedboxes for vegetable gardens but are also just handy in case you’re working on an overgrown green area or hard soil.
- You may also want to have basic office supplies or a simple software program to track the income and expenses for your business and to provide receipts to customers for payments.
- Develop a business plan. If it is your first time writing one, review some templates online. A business plan helps you to predict how your cash flow, expenses, and revenue will proceed over the next three to six months. Even if you don’t need money to start your business, getting into the habit of writing a business plan can give you practice if you decide to apply for a business loan.
- Follow the rules of your state to determine the legal structure for the type of business you want to have. If you are working by yourself, you may want to run as a sole proprietorship. If you are tag-teaming the work with another person, you may want to form a legal partnership. Talk to a lawyer about what’s best for your situation.
- Remember to check the licensing rules in your city, county, and state. You may need not just a business license, but a personal license that says you are authorized to perform gardening or landscaping services.
- As you’re getting started, you may want to be cash-only as you feel out the demand for your services. Eventually, you want to take other forms of payment, like credit cards. This means partnering with a credit card processing service or signing an agreement with a small business office software provider that connects you to these essential capabilities.
- Get ready to accept clients and take payments by setting up a basic record-keeping system. This is the “back office” of your garden or landscaping business. Whether you do it on a simple software program or write it out by hand, here are the things you need to track:
- In summary, you need at a minimum a business calendar that tracks your time, and a ledger system that tracks your money. A small business software program can offer a combined calendar function that allows for scheduling as well as a spreadsheet function that allows you to keep the financials in order.
- It’s time to market your business. Start simple with word-of-mouth among friends and neighbors. Set up social media pages and a Google My Business listing, so people can find you as they search for a garden expert near them. Populate your website and social media pages with interesting articles about gardening, to attract interest and attention. As you expand, consider an email marketing campaign. This can help expand your company and allow you to hire more people as you gain more clients.
- Decide how to schedule your gardening jobs. Talk to each client about what they need and how best to proceed. Here are some scheduling options:
- As you spend more time with clients, you will develop a greater sense of what it is they need. You can offer different-length appointment times and modify your service listing in response to client feedback.
- After you have been at the business for a few weeks, it’s time to reflect on how things are going. Reassess your marketing strategy and hone it to find the sweet spot of regular jobs and steady income. Tweak your business plan as necessary. Take a new direction if need be, or simply build on what’s already working. Evaluate whether old-fashioned marketing methods like coupons can help you build your client base.
- The summer months are a great time to get outdoors and enjoy nature. If you love to spend time in the garden, you can turn it into a great business.
- To support your endeavor, get the right equipment, mind the cash flow, and stay on top of marketing efforts. You may find your hobby has become a satisfying vocation you will continue to do long-term.
HOW TO START SMALL CLOTHING BUSINESS;
1. Gather your money for investment
- Starting a clothing store/shop business is definitely expensive. In the case of fashion, you’ll need to spend money to make money. It’s likely you’ll need to borrow money to fund your business through a small business bank loan.
- Some clothing store/shop businesses are family funded, many small business owners take loans from friends and relatives. See what works out for you.
- it’s important not to underestimate the amount of financial capital you’ll need to get started.
- You’ll need to purchase merchandise, pay store rent, buy marketing materials, furnish the store/shop with fixtures and lighting, and other expenses.
- If your estimated annual turnover < 20 lakhs, get your clothing store business GST registration done to obtain your 15 digit number.
- Most businesses avoid Non-GST companies as every transaction is documented and this can end up in tax violations. It is always better to stick to the tax rules made by the government to avoid any complications.
- You can apply for GST registration now.
- Go where the people are.
- Find a place which a higher chance of selling profitably.
- Higher foot traffic the better it is.
- If it is beyond your reach, settle for a place with a lot of people coming daily, look for communities that are lacking businesses like the one you want.
- It is always advisable to settle down in the lesser competition area.
- 4. Start your Clothing Store Small Business
- Validate your financial plan in the real world.
- Estimate how much does the setting up of the clothing store business cost you.
- Apply for the small business bank loans if necessary.
- Also, try finding private investors.
- Know where you should invest, how much to invest.
- Visit clothing store doing well in your area. See their products and display style.
- Note their business hours, location(s), merchandise and items, and services.
- Pick out an attractive name for your Clothing Store business.
- Make your shop/store appealing in and out. Spend some time and money on it to make it’s interior and exterior better. Get some pretty looking shelves attached.
- The balance between using the space efficiently yet arrange it attractively to get your customers eyeballs over it. Displays inside of the store should also be visually appealing.
- Make sure that the display clothes are appealing. Set up seasonally-appropriate displays with a visual flair that will indicate what’s currently in your inventory. Avoid having a cluttered store.
- Have a well-stocked clothing store/shop that appeals to a variety of customers. Acquire enough to fill all of your shelf and display space.
- Obtain inventory from more than one source.
- Visit local craft, art, or trade fairs, and look online on Etsy (or similar websites).
- To start, you’ll need to get in touch with vendors who carry the clothing that you want to sell. A trade show is one of the best places to buy wholesale merchandise for your store. At trade shows, you’ll be able to connect with suppliers and see first-hand their product offerings.
- When making orders, consider the amount you’ll need when you first open your store, plus the inventory you’ll need to regularly replace the items that sell. Don’t forget seasonal trends, plus those new styles and clothing brand that become popular. You’ll need to have a diverse mix of clothing while understanding that you won’t necessarily be able to satisfy everyone that walks through your door.
- Throughout the process, research the best way to set your prices based on the merchandise you’re selling. You’ll need to determine your mark-up amount, understand effective pricing techniques for your type of store, and know-how to discount merchandise effectively.
8. What to sell?
- First-time inventory will cost you at least 5 Lakhs – 10 lakhs. Again it depends on your business size.
- Make sure to include all items based on your customers’ taste – Sarees, Chudidhars, Petticoat, Designer blouse, lehengas, Shirt pieces and many more in demand.
9. Hire additional workers if required
- When you first open the Clothing store business, you’ll be on a tight budget and won’t have money to hire help. After several months or a year, though, if your Clothing shop is financially stable enough, start thinking about bringing in additional help.
- Think back to the Clothing shop/store that you visited. Were most apparel stores run by the owners themselves? If not, how many staffs worked at the clothing store?
10. Consider Hours
- Choose the right hours.
- Keep in mind that Clothes store do most of their business on and around holidays.
- Clothes owners rarely get holidays off; in fact, they’re the biggest sales days for nearly all clothes business.
- Be ready for such shifts.
- When you’re ready to open your doors, don’t be afraid to tell everyone. From friends and family to those you’re connected with on social media, be sure you have a message to share with them and reasons they should shop at your new store. You might consider having an open house with special discounts, giveaways, and other “little extras.”
- Sales are a great way to draw in customers.
- You can sell clothes that are not fast-moving.
- Use Holidays and other special days to celebrate your customers and give them new, exciting reasons to visit your clothing store.
- Bookkeep the financial expenditures and income of your clothing shop using an Inventory Managment App As a small business owner, you’ll be responsible for keeping track of tax-deductible expenses and paying taxes every year.
- Use Business accounting software like Vyapar to keep track of your Clothing Store business finances, including assets, loans (and loan payments), monthly rent payments, and income from sales.
3. STATIONERY BUSINESS ONLINE
- Writing tools (pens, pencils, highlighters, etc.)
- Notebooks, notepads, journals, and sticky notes
- Files and report covers
- Planning and scheduling tools (calendars, planners, etc.)
- Folders, dividers, and labels
- Glue, tape, rubber bands, paper clips, etc.
- Scissors and paper cutters
- Staplers and staples
- Paper (loose-leaf, copy paper, printer paper, etc.)
- Printer ink cartridges
- Office organisers
Stationery is a wide term that includes different office and school supplies. You have a large number of options to choose from. Here is a list of general items to consider when selling stationery online:
You can choose to sell all of these items or just a select few. Don’t choose something very niche because you might find it hard to find customers consistently.
If you are planning to sell notebooks and planners, try uniquely designed cover pages. Make your stationery stand out. People love to own aesthetic stationery. Make your products irresistible to the eyes of stationery lovers.
Another idea is to bring a general theme to all your products. For example, base the stationery items on a popular series, movie, book, or personality.
Step 2 – Source your stationery
- Investing capital
- Warehouse availability and location
- Product uniqueness
- Degree of your involvement
- Your chosen niche
Create your own range of stationery:
This step is a very important one because it determines your budget, time to spend, and dependency. Consider these points before deciding the source:
In this business model, you will be collecting stationery products in bulk and then selling them. You can decide on an assortment of stationery. The risk is one step higher than the dropshipping method but you will be less dependent on the supplier. Make sure you find a reliable supplier who caters to your needs in time.
This is the perfect business model to stand out from the crowd. If you have a passion for making things, design and create your own stationery brand.
Just In Case is a designer stationery brand selling beautiful planners, notepads and pens. They sell unique and aesthetic products that are loved by many!
JUST IN CASE is a designer stationery brand selling beautiful planners, notepads and pens. They sell unique and aesthetic products that are loved by many!
Want to create a beautiful online store to sell stationery? You can get started for free and start building the store of your dreams!
The risk involved and cost in this business model is higher. These are some points you need to consider:
- Raw materials and availability
- Designing products
- Printing costs
- Inventory management
- Social media
- Online marketplaces
- Your own website
Here’s a resource on selling handmade products online.
Now that you have chosen your business model, it’s time to decide where you will sell your stationery products. How will your customers find you? Where will you display the products?
You have three main options:
Stationery is a very aesthetic and visual product. With the right strategy, you can leverage social media to not only sell your products but also build your own personal brand.
Let’s discuss collecting payments. You could ask customers to transfer via GPay, PhonePay etc in the beginning. You might face difficulty keeping track of all payments when the number of orders starts increasing. We have a solution for you— Instamojo’s payment links. You will be able to collect payments online anywhere, anytime.
Selling stationery on online marketplaces
Start your own stationery store online
Platforms like Amazon, Flipkart, and Myntra are called online marketplaces. Millions of online shoppers use these platforms every day, giving your stationery products a wider exposure. But the competition will be extra hard and it is almost impossible to stand out. So, there is a high chance of being overshadowed by big players.
There is one way to be a unique brand and get more customers online for your stationery business. Start your own online stationery store online.
To sell stationery online with your own website, you need to select an eCommerce platform. There are many platforms out there that offer hassle-free methods to set up an online store.
A good eCommerce website will cater to all your business needs, from product catalogue and marketing to payments and shipping. You should select the platform best for your business.
Instamojo provides an easy way to start your own online store to sell stationery. You just need to sign up with an email address and start exploring the features. The online store builder also has affordable premium plans for all kinds of businesses.
Advantages of selling on your own eCommerce store:
- Building your own brand that customers love
- Lesser chances of getting overshadowed
- Leverage the power of SEO to make your business reach more customers
- Have more control over your business—from marketing to packaging and shipping
Step 4 – Set up shipping
A major challenge for any online business is shipping and delivery. You need to make sure that your business is partnered with a reliable shipping service. If you create an eCommerce website on Instamojo, you will get access to different shipping partners. Everything can be managed and tracked from a single dashboard.
Step 5 – Calculate cost of business
- Own eCommerce website
- Creating a stock of stationery
- Packaging and shipping
- Advertising and marketing
- Taxes
- Office and/or warehouse rent
Now that you know how and where to sell stationary, the only thing left is to decide on a budget! You will need to allocate money for:
You now know the pathway to follow to start your very own online business!
The key to build a successful eCommerce business is to plan everything right from the beginning. Once you choose a product, you’re halfway there. Then, it’s all a matter of setting up the business and selling.
It’s now time to take the step to start making an online store for your stationery business. Instamojo provides the easiest way to build a full-fledged eCommerce website with all the features you need. Sign up for free to get started!
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