Selling of homemade decors is a great way of ensuring that your product is unique and your hobby remains in place. This makes the selling of products as important as the products that have to be designed and invested in the beginning, because without sales your hobby will not be able to sustain itself and you will have to give up on it entirely.
Before beginning the selling of homemade decors you must be sure of having a strong customer base, by making small products and selling them at low prices. Once this kicks off, you can ensure your products do not remain stagnant.
| PROS OF SELLING HOMEMADE DECORS | CONS OF SELLING HOMEMADE DECORS |
1. Build on Your Hobby | 1. Finding the Audience |
2. Monetize you Hobby | 2. Challenging if Done on Own |
3. Make a Business out of Passion | 3. Satisfying Customers is Difficult |
4. Customer Base will be Loyal | 4. Sales Tax Problems |
5. Learning to Make Home Decors is Easy | 5. Maintaining Customer Base Means Being Active |
6. You can Change you Product Line | 6. Initial Investment is Expensive |
7. Keep Making Small Profits | 7. Repeat Work may Become Tiring |
8. Adventurous Endeavour | |
9. Local Craft Shows Support Homemade Decors |
ADVANTAGES OF HOMEMADE DECORS:
- Build on Your Hobby:
The best thing about developing on homemade decors is the chance to develop on your hobbies without compromising on the end product, since there will be no boss above you and no deadlines that you will not set yourself. The same applies to your work style as well.
- Monetize you Hobby:
The working of homemade decors may also help you develop on a hobby that you had not practiced for a long time. It is a great chance of developing on a hobby that will help you earn some money and hopefully be a great achievement in your life.
- Make a Business out of Passion:
The business that will slowly develop when you start making homemade decors is what will help you sustain yourself in times of financial difficulty. If the business is good enough, then you might be able to develop more and focus only on this endeavour.
- Customer Base will be Loyal:
The customer base of homemade decors is small, but at the same time it is very loyal. The customers keep buying from a seller who impresses them and soon you will be able to develop a strong customer base. This will help you grow at a quick pace.
- Learning to Make Home Decors is Easy:
The method of learning home decors is easy as it is something that anyone with a good sense of aesthetics can develop within a small point of time. This makes the development of business a good way of trying to monetise the hobby.
- You can Change you Product Line:
The product line of your homemade decors company or start-up is something that you can develop over time and ensure that you change around the homemade decors you are making in quick shifts. The same can be said about your growing customer base as well.
- Keep Making Small Profits:
The small profits that you make when you make sell the homemade decors that you make will help you regain the money of the investment and ensure you do not have run your business on a loss. The loss endured from these sectors will become a profit with quick sales.
- Adventurous Endeavour:
The business line that no one will jump into in a quick span of time means you will have lesser competition in your space. This will make business easier for you and although you will be hesitant at first, the adventurous nature of business will clasp onto you.
- Local Craft Shows Support Homemade Decors:
There are several local craft shows and government sponsored fairs that will help you make the business side of your endeavour a success, while also giving you more exposure for the product you are selling. This ensures you are not losing out on the time and money invested.
DISADVANTAGES OF HOMEMADE DECORS:
- Finding the Audience:
A big challenge in the very beginning will be finding the right customer base and audience for your products. This makes the selling of your goods a slow endeavour in the beginning. In this phase many people might lose interest and money and fall out of business.
- Challenging if Done on Own:
If you have no staff, it can be difficult to continue with the endeavour as it is a lot of work to be done and a lot of hard work to fulfil. The same can be said about the amount of time you put in.
- Satisfying Customers is Difficult:
The customers who will buy from you will also be difficult to satisfy as it is the kind of work that requires constant edits and redesigns to satisfy the taste of the customers. This is a very difficult part of the job and will take time.
- Sales Tax Problems:
The sales that you make will not go unnoticed by the government, and you will have to pay sales tax on a daily basis. This will mean that all sales you make, whether high priced or low priced will be charged tax. The same can apply for products pre-ordered.
- Maintaining Customer Base Means Being Active:
The customer base will dilute if you cannot make the designs that will keep you in the market, hence giving way for customers. You will have to keep coming up with new designs to ensure customers remain interested. This is essential for development.
- Initial Investment is Expensive:
The initial investment you make before launching your business may be too much to take and you will have to ensure that you are not lost at sea after making this initial investment. It will have to be a heavy investment. This means you might have to take a loan.
- Repeat Work may Become Tiring:
The tiring nature of the work is something that cannot be replaced without hiring a staff and hiring a staff may mean that the investment you have to make is even higher than what you had made before. The problem with this is that you will have to cut down on profit.
CONCLUSION:
The start-up or business endeavour involving homemade decor is a great option for people who have some time and money on their hands, people who can ensure the functioning of their products and their business without having to develop on other things. This means the selling of homemade decors has to your sole focus.
Similar Posts:
- 23+ Pros and Cons of Handmade Jewelry (Explained)
- 20+ Pros and Cons of Homemade Chocolate (Explained)
- 21+ Pros and Cons of DIY Pottery (Explained)
- 20+ Differences between Product And Service (Explained)
- 21+ Pros and Cons of Live Demonstrations (Explained)
“Business, marketing, and blogging – these three words describe me the best. I am the founder of Burban Branding and Media, and a self-taught marketer with 10 years of experience. My passion lies in helping startups enhance their business through marketing, HR, leadership, and finance. I am on a mission to assist businesses in achieving their goals.”