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|Forum name||Marketing Mix|
|Topic subject||Help! I think my business could be big. How do I do it??|
267, Help! I think my business could be big. How do I do it??|
Posted by sweetscents, Tue Feb-13-07 11:13 AM
Hi, I started my own small business. I make my own candles in my home. I have them displayed in a shop here in my town and I do craft shows etc. I have some loyal customers and am always getting new ones. Some people have asked me if they can be my consultant and sale my product. Of course they would buy at a whole sale price from me and sale it for a price to other people. So, they make money too. It would just be a lot of work for me, cause i'm the one making all these candles. I don't even know how to go about growing my business. That would be great if I got a lot of consultants. But, how do I do it. Where do I even start. I have a website of my own, but I don't even accept credit cards yet or anything. I guess I just need help in learning how to go about all of this. How can I be smart about my business, how do I grow, how does it benefit me, I don't want to be making candles day and night to keep up with the growth of my business. PLease anybody help.
269, RE: Help! I think my business could be big. How do I do it??|
Posted by lisasgourmet, Wed Feb-14-07 03:51 AM
Ok. Before getting too worked up about this, sit down and write a list of what you want the business to be. Where do you want it to go?
Next, think about how much time it takes you to create X number of candles. In an 8 hour day, how many can you make? If you had to hire someone to help you create them, would you be able to pay them?
How much do your supplies -- including packaging cost? What would they cost if you were purchasing them in larger quantities?
This is the beginning of your business plan.
Then, when you have that done, contact your local small business development center. They can help you take your business to the level you want it to be in. My local SBDC helped me put together a killer business plan that two local banks want to see.
BEST thing? The SBDC is free!
272, RE: Help! I think my business could be big. How do I do it??|
Posted by sweetscents, Wed Feb-14-07 07:29 AM
Thanks so much for the advice. But, I don't even know if we have a local SBDC. I tried to find something in the phone book, but no luck! But, I will definitely start by writing down my business plan! I will try to find a way to go from there!
273, RE: Help! I think my business could be big. How do I do it??|
Posted by lisasgourmet, Wed Feb-14-07 07:38 AM
The SBDC's are usually associated with a local community college. You could also try a local SCORE chapter --- www.score.org
They also offer free mentoring.
274, RE: Help! I think my business could be big. How do I do it??|
Posted by sweetscents, Wed Feb-14-07 09:06 AM
thanks again! I looked at score.org. It has so much information. I think it will really help.
Thanks a bunch,
275, RE: Help! I think my business could be big. How do I do it??|
Posted by Lanell01, Thu Feb-15-07 12:13 PM
Hello, Hope all is well with you ! I have a question if you don't mind.
I live in Mississippi and I have just started trying to sell the Mia
Bella candles. We don't make them ourselves. My question is - you stated in your post that you had your candles displayed in a shop in your area. How do you go about setting up a display in local stores. Do you go directly to the shops and ask. I just need some help.
Thanks for any advice.
276, RE: Help! I think my business could be big. How do I do it??|
Posted by sweetscents, Thu Feb-15-07 06:01 PM
Well, I have my candles displayed in a small scrapbook/stationary shop. So, I just asked to speak to the owner and showed her my product, asked her if she would be willing to let me have a display of my candles. Most business will want a percentage of the sales. I was very lucky and all that the owner wanted was a free candle here and there. I make sure to keep it stocked up and I get a lot of new clients from that store only. I need to ask more stores, but have not done so yet. I think you should give it a try. Think of any store you can think of and go ask. It's definitely worth a try. Good luck! Let me know how it goes.
280, RE: Help! I think my business could be big. How do I do it??|
Posted by Pepperfire, Fri Feb-16-07 07:43 AM
If you're selling your candles on consignment, such as this, you should be paying less to the shopowner as commission when they do sell.
This is a fantastic way for you to gather resell information and figure out what your best sellers are, etc.
Tina Brooks, VP Marketing
Brooks Pepperfire Foods, Inc.
Makers of Peppermaster Hot Sauces
Eat more peppers!
315, RE: Help! I think my business could be big. How do I do it??|
Posted by carterco, Tue Mar-06-07 04:50 AM
You could write a how-to ebook and copywrite and publish it. You could still work locally and franchise out. I know of a lot of resources.
Wayne A Carter