Entrepreneurship
Your hobby can become a sustainable business
Your hobby can become a home business. Mobile technology, online services and logistics make it possible. It’s easier to get early customers/ clients, if people know about your hobby.
Six things matter.
Assess if turning the hobby into a 24*7 pursuit will be alright, as it will not be as fun.
Are people willing to pay for your product or service? Right market research helps.
Pilot it before starting the business. Do it part time to experience the real time issues.
Understand the legal and tax aspects of running the business, as you will charge customers and pay the vendors.
Business plan is the key. Outline the current status and the goals the business would want to achieve.
Promote your business to the right audience. Just posting on social media won’t get the customers and sales.
Six key questions to know your audience are:
1. Who makes up your target audience?
2. Where you can find them?
3. What they value as important?
4. What they are worried about?
5. What they need right now?
Know more : How to find a legitimate online business Link