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Lessons Learned About Starting a Home-based Business by Gretchen Gundrum

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Question Three:

How do you reach your target audience?  At the time I had begun my journey into soap making, we lived in what is considered an “urban” part of Vermont - sounds oxymoronic to me, especially being a Vermonter.  When my son was only weeks old, I walked over to the farmer’s market about a block away.  I took in that vendors were farmers growing veggies at home, a salsa maker creating her product in her home, a baker working part time out of his kitchen to offer fresh baked goodies on a weekly basis, etc… Local people offering goods that didn’t travel many miles by truck, train, plane, or boat.  Nine months later, I became a vendor for the same market. 

For almost four months I talked to a variety of people; people asked me questions about my products (soaps and soy candles at the time), I was offered invitations to shows and festivals for the autumn season to follow, two chances to be featured in local stores, and many more sources I’m continuing to sift through and connecting, once again, with the people I met along the way.  Focusing on the marketing aspect of becoming a small business owner doesn’t start with an idea and end there; marketing is a continuous cycle, moving from the small scene of markets, shows, and festivals into the larger realm of the retail storefront and the Internet markets. 

I discovered the importance of these first three questions when I read a copy of "The Boss of You: Everything a Woman Needs to Know to Start, Run, and Maintain Her Own Business" (Bacon, L & Mears, Emira ).  I began reading this book when I watched a close friend, from long distance (Vermont to Texas), open a business and, within three months, close it due to the economy and the changing spending habits of America’s consumer.  I didn’t want to get in over my head, apply for loans and/or lines of credit that I wouldn’t be able to pay off if I didn’t get my business off the ground and make a positive impact on the local economy.  I didn’t want to be left with the feeling of failure. 

I also had to learn to budget for, not a strong suit of mine, along with investigate purchasing supplies and materials on a bulk level to reduce costs and keep money in my account, as opposed to spending it all on additional materials to keep going and growing.  I’m still learning this scope of being a business owner, bringing my range of securing supplies and materials in tighter, becoming part of a more local movement to offer people-friendly, eco-friendly personal-care products which are locally produced and available. 

At the same time I made my first purchase of materials and supplies, I invested in securing a domain name to create a website in my spare time; I didn’t have the funding to hire out for someone or a company to create a site for me, so after looking into creating my own through the use of web-builder tools, tutorials, and packages that went with such offers, I made the choice to give it a try. 

I went with a company which I thought, at the time, was the right choice to work with, as the statement was made: I could build it myself. The website idea had no connection to my soap making venture at the time; I was in contemplation as to what I wanted to really use the site for.  Once I made the connection to use the site for my soap making venture, I began to build, using the tool package that was available to me; little did I know that would mean having to invest more money to access those tools, more money spent every three to four months to maintain what I had created on the site, and additional funding for each time I would publish what I created and corrected.  Frustration set in for me when I began to see money I had saved go right out the door, along with my confidence that I could keep going.  I put a temporary hold on adding any more to my site, looking into other options for promoting my business through the cyber world.

 
 

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