Your kids are quickly growing up, soon enough they’ll be starting school. Then what will you fill your time with? You could go back to your old job – or a similar one. But could you work it around school drop-offs and everything else that comes with being a mom? Instead of planning on heading back to a full-time job, why not launch an online business? You know those momtrepreneurs you read about – you could be one of them.
To reduce the stress of finding a full-time job to keep yourself busy once your kids are at school, start an online business instead. Believe it or not, running a business from home is much easier than you would think. With the right skills and mindset, anyone can do it. To give you an idea of what goes into starting an online business, I’ve put together this handy guide. Have a read and see if you’ve got what it takes to be the next big momtrepreneur.
You need to be willing to work hard
The number one factor for business success is hard work. Nothing in life comes easy, and it’s important to realize that. Making a success of a new venture takes a lot, so you need to be willing to work hard.
The time when the work will be hardest will be at the start, and that’s because launching a business takes a lot of time and effort. As long as you’re prepared to work hard, then you can make a success of it.
Your idea needs to be sellable
What’s a business without a good idea? For your business to have any chance of success, you need to have a good idea. Each week hundreds of online businesses start up, so if you want any chance of success, your idea needs to be unique. It’s also crucial to take your skills and interests into account – the more passionate about what you’re doing you are, the better.
If for example, you’re interested in jewelry, instead of simply selling it, you could offer a loan service. You could offer a range of jewelry – some everyday pieces and some fancier designs, that could be ‘borrowed’. Remember, be unique and customers will come.
Savings or a small startup loan is important
To make a success of your new venture, you’re going to need money to get started. This doesn’t have to be a lot, just enough to get your new venture off of the ground. You’ll need money to cover the cost of your website – a must for an online business, as well as money to buy stock, should you need it. You will want a company to help you with your fulfillment needs as well as logistics.
For instance, for a jewelry business, you would need to buy stock from a site like ELF925.COM. You would also need to get insurance and invest in your marketing. You can use your savings to start your new business, or if you don’t have any, you could apply for a loan. If you don’t like the idea of applying for a loan, you could always use Kickstarter to help you raise the money. You can find out more about Kickstarter at kickstarter.com/.
Your mindset needs to be right
Lastly, your mindset needs to be right. If you have any chance of business success, your mindset needs to be spot on. It’s a case of having a positive and motivated mindset. The more positive and passionate about your venture you are, the more likely that it will be successful. There are plenty of mindset books for new business owners – visit your local library and check some out. To change your mindset, check out momtrepreneurof4.com/.
If you’re passionate, driven and have a positive mindset, starting an online business could be perfect for you.