4 strategies to Jumpstart your Newyear as a Home Business owner.

 

4 strategies to Jumpstart your Newyear as a Home Business Owner
4 Things you Must Do to Jump start your Newyear as a Home business owner

It’s the last of day of the year 2017, today is probably a day of reflection for many people. It’s a time to recheck the different areas of your life to see how you ran throughout this year.

Those different areas could be your home, marriage, finances, relationships, business or career depending on which divide you fall into. You may be wondering how to Jumpstart your Newyear in the area of your business so as to ensure that you have an early start for the first quarter of the year.

Today will be that day you will be wondering how you have fared throughout the year if you had plans for the year you may want to pull out your plans and compare notes to see what you achieved.

While for some, this is an exercise that will bring exciting news as they see that they have achieved all that they have set out to achieve.  For some, it may be sad because they could not achieve all they set their mind to, whichever divide you fall into, thank God that you are alive to make new plans and dream again.

Today you can take a look at those areas and begin to work and strategize to see how to take a different approach to achieve success where you failed before. In doing this I would like to share with you

4 strategies to be mindful of as you Jumpstart the New year as a Home business owner.

1 Planning ,Strategy & execution:

You may have started the outgoing year without planning or strategy talk more about execution. If this was how you ran the outgoing year, then do not repeat this same thing in the incoming year, even if you are afraid of planning, its time to whip out a Planner and begin to plan for the next year. You have to set down a laid down path to your success for the coming year if you want to Jumpstart your new year on a good note. To learn more about how to plan your week please read my post on how to kick chaos and plan your week as home business owner.

It’s a wise saying that he who fails to plan, plans to fail, Its time therefore for you to do some research on what strategies you will employ to ensure that your plan is executed. A big plan and strategy on paper without execution is useless.

A blogging binder that features
Honest Bloggers Binder by Sarah Titus

For you to execute all that you have written down, here is what you need to do

– Write down what goal you need to achieve per quarter

-Break it down into targets for the week

-Break down your targets into daily to-do lists and mark it as done once you have achieved it

– Measure and Test:  You have to measure your success and see if your strategy is working. For instance, if your quarterly goal is to reach a pageview of say 3000 per month, then you have to write down your initial pageview before you begin your strategy.

You can then track your progress by writing down your weekly stats to see if you are making progress or not. This will help you to change strategy should what you not be seeing any results.

– Finally, if you have got the hang of it, rinse and repeat if it’s working for you.

 

2 Your Product.

Your product or service is what you are offering to the consumer in exchange for their resources, that’s how you make money.  For you to jumpstart your Newyear you have to take a good look at your product line and outline what income streams you expect to produce your income this year. In doing this, here are some pertinent questions you need to answer

-Does your product meet the consumer desires? is there a demand for your product?

-Do you think your product makes an impact on the consumer’s mind? if it does not, then its time to either repackage it to make it more attractive or throw it out completely and find something else that is of value to your consumer.

-If you are a blogger, its time you did your audience analysis, what are the characteristics of the audience you desire? and are you attracting same? if you are not, what do you need to do to attract your desired audience?

Everyone will be willing to pay good money for what they consider valuable to them, so in checking the characteristics of your product, here are key points  you should consider


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– Is it valuable- Does your target market consider your products valuable enough to pay your money for it.

-Is there a demand for your product-

-Does is it solve a particular problem for the consumers

– Is it Unique, perhaps not in content but in approach to the consumer’s needs

-Does it have a mass appeal at least to your target market

-Is it simple to use, that is you can easily explain how it works without any issues

If your product or service answers all of this questions then you are good to go. If it does not, then you have to go back to  the drawing board to either craft out a new product or re-design what you already have to answer the following questions

3 Your Finances

In this Newyear, as a business owner, you will have to take a good look at your finances both in the business and home.Perhaps its time you set goals for the amount of money you want to make per month. Do you know that setting goals often forces your subconscious mind to begin to think of ways of meeting it?

If you set a specific financial goal for your business, then you will force yourself to do everything possible to meet your goals because you know that in meeting it, you will attain a level of success that will give you the kick you need to go higher.

If it is your personal goals that you need to deal with, then go ahead and set them but remember that there has to be a pipeline that feeds it. For example, if your personal goal is to be able to save a certain amount by the end of the quarter, then you have to look for what will feed in that pipelines in other to meet that goal. It may be through budgeting, cost cutting or increasing your ability to earn more.

Your ability to successfully set a financial goal for your home business will give you a boost that will enable you to feel better as you go on to meet your life’s needs. If you are able to meet most of your financial needs as they arise, you often feel successful because that’s what it is. Your business or career is that pipeline that enables you to achieve the life goals you have set for yourself by giving you the needed finances to meet it.

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4 Your Marketing

In the online business world, especially if you are a home business owner you can’t do without marketing, in fact, marketing is the lifeblood of any business. So for your business, you must have a marketing plan in place. You have to be deliberate in following through with your plans if you want to see tangible results and jumpstart your Newyear.

In your planning stage, you have already itemized what worked and what didn’t work for you this year in your business, so the next stage is to take what worked and plan how to make it work the more this year in other to yield better results. You can also put new marketing plans in place in other to see if this will make your business better.

If you have no idea how to prepare your marketing plan then its time you did a little bit of research, search for marketing plans that have to do with your niche.  For example, If you want to start a blog or perhaps you are already blogging but you are not seeing results, its time to check out what your competitor who is doing better is doing so you can know what to adapt and tweak to fit your own audience.

To wrap this up, I do want you to know that running a home business is no mean feat but you have to be willing to put all you have into it to make it a success, as I champion you on via my blog.

Thank you for reading my blog all through this year, I wish you a very successful Business year ahead. God bless you and see you next year.

Do you want to get more of this type of articles, sign up for our Newsletter here.

Drop a comment below if you have other strategies I have not thought of below.

4 strategies to Jumpstart your newyear as a smallbusiness owner

Pro’s and Con’s of Choosing a Home Business versus a Work from Home Job

Pro's and Con's of a home business versus a work from home job
Home Business versus work from home Job?

When you make up your mind that you want to work from home, the first question that will usually pop into your mind is how do I go about this?, should I start looking for work from home job? or should I start a home business?.

The jury is still out there as to what is the best route to take, for some people it is a difficult decision to make especially if you are coming from a place where you were working outside your home and had a stable income which you brought into your home. What this means is that you already have a lifestyle which you have set up your home and of course choosing to work from home means that you are putting that lifestyle into a jeopardy because you will move from a place of stable income to unstable income or perhaps just one income from your hubby.

In today’s post, I will be comparing the Home business and the work from home Job, the Pro’s and Con’s perhaps this may help some of you who may be ambulating on what route to take.

First of all, before you decide to make the decision of working from home, you must make some certain preparations, I do know some people tend to jump in with both feet to either swim or sink. Sometimes it works and sometimes it doesn’t this is because needs are different and makeups are different.

There will be those who will take the option of choosing to work from home without taking time to plan things out perhaps because they fear that If they take the time to plan things out, they may procrastinate and never make that decision.

While some like to plan their approach, they save up some money to cushion the times they will be taking to build their business from home before resigning from their jobs.
I will prefer that you plan your route before ever you make that decision to quit your job and start working from home, this may mean cutting down on some niceties in other  to save up your money to help cushion your family needs while you build your business or find work from home jobs that will replace your initial income.

This planning ahead of time will help you stay true to what you are working on and prevent you from running into financial stress which may force you to return to your former job.
It is also much easier to run your business or work from home when you don’t have to worry about finances at least for the beginning stage until things kick off.
If you are already a stay at home mom, it makes your decision easier because you may not need to do extra planning since you are already used to living on one income anyway. You may have to perhaps save up some income or initial capital outlay that you will need to start your business though.

Having highlighted the thoughts above here are the pros and cons of starting a Home Business versus a Work from home Job in other to earn your income from home.

Pro’s of a work at Home Job
-You can apply the skills you already have on a job that is immediately available and begin to earn almost immediately once you are able to secure a job. ( often times to shorten this time lapse of looking for a  work from home job, its best to start looking and secure one before you resign your day job)

-You do not have to have an initial cash outlay hence you can start on virtually zero cash except for perhaps money spent on registering on Job sites that specialize in hiring for remote positions.

-You do not need to draw up a business plan or a strategic marketing plan for your work at  home job since you will be trading your skills for money.

-Other people set your targets and there are specific tasks which you are set to deliver and your work is finished for the day. Your work is not continuous till when you are tired as in a Home business

-You get some benefits such as Health insurance if it applies to your job.

-You can choose to take a  holiday if your work is a freelance job meaning you choose when you work and when you don’t.

-Your remuneration is fixed and you know exactly how much you will earn at the end of the month.

Con’s of Work from home jobs
-There are a lot of scam work at home Job sites out there, therefore it takes a lot of time to sift out the genuine ones, this often takes time. To learn about the genuine ones read my post on 10 best sites for work from home jobs.

-There is a limit to how much you can earn per month since you trade time for money, you will have to work for a certain amount of hours before you can earn your desired amount.

-Your income is entirely dependent on the company you work for, meaning that should there be a shift in purpose and you don’t fit in you will lose your job and income.

-Because it takes time to find what works in the work at home job market, you may find your self-waiting for a while without any income at all. What this means is that you situational change is out of your control.

-For the same skills which you may have been paid more when you had to clock into the office, you may be paid less and if you are in a dire position you may find that you are working more for less pay.

Pros of starting a  Home Based Business
-You are your own boss so you can control how much you earn from your business, hence there is no limit to how much you can earn.

-You do not have to clock in with any supervisor so you can set your own time and work at your own pace

-There is no cap on how much you can earn since you can scale your business as it grows and expands.

-You can apply the skills you already have to your new business especially if your home business ties into what was your career before you quit your job to work from home, hence shorten your learning curve in running your business. Time to profit will also be shortened.

-There is freedom of doing whatsoever helps your business to excel without having to check in with a company to see if it fits into their organizational goals.

-You don’t have to look for a job or depend on someone hiring you for you to create your own income, you already have a job so you get on with it.

-You are in control of your own destiny.

Cons of  Starting a Home-based business
-You may need some initial capital to start your business, and because business takes time to grow, it may mean that you will run for a time without any income coming in at all.

-You may not begin to earn immediately you begin to work unlike the work at home job option that you get paid once you start working.

-There is no fixed task that says your job has ended for the day you may find that you are continuously working until you get tired. You are sort of the business and the business is you, this means that you have to be super self-motivated to keep at it until it begins to yield a return.

-If your business should fail, you may have to return to a day job because you will probably need money to foot your bills.

-A home business takes a lot of planning and a strategic input coupled with a lot of marketing before it can take off and sometimes this may take longer than you expected.

-Sometimes you will have to invest resources, money, time and energy to learn how to run your business properly in other for you to see a difference and begin to make a profit.

Advantages and disadvantages of choosing a work from home job versus a starting a Home Business
Pro’s and Con’s of home business versus work from home Job

Having laid out the pros and cons associated with choosing either route when deciding to work from home, I have to say that the good thing about these options is that they can be combined, there is no hard and fast rule that says you must stick to one.

Some people in other to meet up with their financial needs may choose to take a part-time work from home jobs while they slowly build their business to replace their former income.
For some, especially if you are a stay at home mom, you may choose to build your home business slowly while still maintaining the lifestyle you had before until you begin to see profit in your business
For whatever route you choose to take or the combination thereof, what matters is doing what makes it easy to pursue and attain your dreams of being a stay at home mom who is doing what she loves and at the same time taking care of your loved ones.

Do you have any other Pros and cons of starting a Home Based Business versus a work from home Job? drop your comment below

13 offline Home Business Ideas (Work at Home)

Work at Home
13 Offline Home Business Ideas

I know that I champion starting home businesses that are solely run online, but I am also aware that a variety of skills could sometimes mean that one does not have the passion or skill to pursue an online business. That is where the offline Home business comes into play.

While you can start a Home Business that is basically offline like the ones I will mention below, you cannot afford not to market it online. This because marketing your business online and giving it an online presence even if its just a FaceBook page or an Instagram page will ensure that you succeed.

You can start these businesses at home but they require more local work with individuals or going to other locations with your home as the base. These positions are often just as lucrative as the online businesses but require a little more infrastructure or hands-on work.

Handbags on Bonanza Marketplace

Here are 13 businesses you can do as an Offline Home Business.

-In-Home Childcare Provider – If you have a big enough home you can use a portion of it to provide childcare. You can make from 100 to 200 dollars per child depending on your location and the age of the children. You will need to get a license for your state before you start. The good thing about child care is that once you provide good services, you can make more money because word travels about your business and provides you with recurring income.

-Event / Wedding / Party Planner – If you like planning parties from birthday, to weddings, to anniversary or other events, you can make a good living doing it. You’ll need to make connections with caterers, bakers and others who can help you with the parties. You’ll manage everything and put it all together and make sure nothing goes wrong.

-Music Teacher – If you are good with music and know how to teach people to play an instrument, sing, or perform you can become a music teacher from your home. You may need to get a background check to work with kids if the parents are going to leave.

-Soap Maker / Jewelry Maker / Knitter – Making artisan soaps, jewelry, knitting, crocheting and selling the creations at your local farmer’s market, thrift store and even online at a store like Etsy.com is a great way to earn more money in a business of your own. If this is your passion and you do not know how to start an Etsy shop, read my post on Guidelines on starting an etsy shop

-Public Speaker –Do you have a motivational story to tell, have you achieved success that you can help others achieve? If so, you might consider becoming a public speaker. You can get on various speakers lists and make quite a good living speaking. This requires travel, so it’s not working “at” home but your home can be your base.

Copper Home Ornaments by Amara

-Seamstress – If you can sew, you can create a business in a variety of ways from making custom-made clothing or purses to alterations. You can sell online and locally to custom shops by offering a percentage of sales to local boutiques.

-House Cleaner – It might not be romantic but there is a lot of money to be earned in the housekeeping business. People need help due to their busy lives and you can provide that help. You’ll go to their location to do the cleaning, of course, but you can run everything else from your home office.

-Backyard Gardener – If you have at least 1/2 an acre, you can start gardening as a business. You can grow salad vegetables, herbs and more and sell them to local restaurants and even some grocery stores, or set up a stand at your local farmer’s market. If you live in the right location you can set up a stand right there.

Bebe Fashion Accessories

-Pet Groomer – If you love pets, you can clean them and groom them so that they look good. You can do this right from home if you create a little grooming shop in an extra room. Check your local laws to find out the rules of regulation.

-Personal Chef – Do you like cooking special meals? If so you can do that for people in their homes. You shop for the ingredients, cook them in the client’s house, and then freeze them in labeled containers for the client to heat up later during the week. If baking is your passion you can take a look at my post on how to start an online baked goods business.

-Furniture Maker – Have a knack for building things with woodworking equipment? You can create new items from scratch or you can refurbish and then sell older items. This business can be quite lucrative and start as a hobby. if you like to refurbish old furniture and resell it, you may find that eBay is your best bet for selling your refurbished items. often you will find that you may find old and discarded furniture which you can repurpose and sell for a profit. Take a look at my post to see places where you can re sell used items.

-Landscaping Services – Got a lawn mower and some equipment you can start a landscaping business. Even if all you do is mow lawns and edge them you can earn a good living during the season. You can easily make 30 to 40  dollar an hour.

-Interior Decorator – If you have a way with color, staging furniture and making a house feel like a home you might want to start an interior decorating business. You will earn money based on the total budget so you’ll need to be good at getting discounts from suppliers. Another interesting thing about this line of job is that you can earn money from designing the Home and picking our the materials needed while you outsource the main job of actually implementing the design to someone else.

That way you are able to get more time to put into your creative passion of designing the concepts.

If you want a good place to get very good decorative pieces for your home design projects then consider looking at Amara a business that deals with Home decor accessories, they feature different categories of Home fragrances, Lighting, bedroom kitchen, and other decorative accessories that make a home look beautiful. They have great goods that are currently on sale. you may want to check it out here.

Duvet and Soft Furnishings by Amara

Want to learn about 10 more business Ideas for the fall season, click on this post.

H&M Fashion

Hopefully, these ideas helped you think of something you can do from home. Being a mom is a difficult job but if you can do something to earn money as a work at home mom it will make everything a lot easier. No need to commute to work, buy expensive clothing, and in some cases, you don’t even need child care.

At the very least, you’ll be able to work around your children’s schedules so that you can have a better-balanced family life.

Do you have any more Ideas for offline home business ideas, leave a comment below?

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10 Home Business Ideas for the Fall Season

 

Home Business Ideas in Fall season/Autumn
10 HOME BUSINESS IDEAS FOR THE FALL SEASON

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It’s the Fall season and everyone is gradually winding down from the high’s of the summer vacation for those who were able to go for it, I wasn’t. But then Fall season kind of heralds the coming of the cold season and we have to prepare for that season. The exciting thing about the Fall season is that we will soon have winter and the Christmas holidays on hand. As a business person who wants to start a business from home, you may be wondering what business ideas will suit the season we are in right now.

You might even be that person that loves to take advantage of a seasonal business in other to make some extra income for your home. You don’t have to worry again, yours truly went to town and researched business Ideas that start within this Fall season. That’s where I came up with this 10  Home Business ideas for the Fall Season.

Gifts for Him ( Nordstrom shopping)

Benefits of Running a Seasonal Home Business

-You get a lot of sales coming in because it’s the season for that product or service, for example, once the weather gets cold, there will be a rise in demand for winter accessories or clothing. You are carried along in that tide hence your little marketing efforts will produce much yield because there is a demand.

-You cash into peoples emotion to make a quick sale, the Christmas season is when people are willing to buy gifts and send to family so you can easily get a gift packaging and wrapping service ongoing that will bring in a tidy amount.

-Though it’s within a short period you can plan to make the most of it by researching for a moving product or service and making a good amount of profit. For instance, if you start preparing for the Fall season early enough you can buy goods at slashed prices and sell for a tidy profit when it’s in demand.

-Its the season for that Product or service and people cannot do without it.

Having mentioned the above benefits, here is my Top 10 Home Business Ideas for the Fall Season

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1 Sale of Winter  Fashion accessories & Clothing

One of the reasons I  love Fall is because it comes with its own Fashion accessories and Clothing that connotes its own style and are really beautiful to look at.

Because the season presets winter, the leaves are falling and the temperature is dropping so there is a rise in  demand for fashion accessories and clothing like : Scarves, (knitted woolen scarves) Shawls, mufflers, Ponchos, Hand Gloves, socks, Tweed Jackets, winter jackets, Hoodies, Leggings, and Tote handbags for carrying all that extra stuff especially if you are a mom. All these are accessories and clothing that will make the Millennial person rock the season. You can tap into this huge market by either Drop-shipping such items or selling your own handmade products on Etsy or you can also sell on online sites like Bonanza and eBay. You can read up the underlined posts in this paragraph to get a more in-depth knowledge on.

Did I mention that it’s important to do your research properly to know what range of fashion accessories and Clothing are currently trending, dive into that trend and you will be making your profit.

Stemless Fabricated Wine glass

2 Gift Shopping, Wrapping and Delivery Service:

As we enter the Fall season, we usually call it the “ember” months in my local parlance, it seems like the days begin to gallop in anticipation of the various holidays that will be coming up, Thanksgiving, Christmas, Boxing day, Hanukkah etc. All these festivities portend the exchange of gifts and delivery too, hence a seasonal business that does Gift shopping, wrapping and delivery will be a good combo that people will be willing to subscribe to.

Think of how busy people can be that they soon forget to get their loved ones gifts until the holidays arrive. This is often the reason for the mad rush at shopping malls during festive seasons, in fact for me I think that that mad rush often adds to stress for anyone going through it. Instead of enjoying the holiday you are busy scurrying around for the best gift for a friend or a family member. Starting a business that takes that stress off families can make a whole lot of difference.

3 Sale and Rental of Winter equipment:

In this aspect, I will like to include both types of equipment for removing snow and winter based sports equipment. I deliberately added sales and rental together because not everyone will like to buy an equipment for a season.

You have the opportunity where you can either sell or rent such equipment then you can have two streams of seasonal income. Example of such equipment for winter sports includes snowboards, skiing equipment, and accessories, Skating boards etc.Secondly, you have the snow removal equipment like Snowplow, Salt spreaders, Liquidisers and Pushback blades. These are heavy machinery though so you have to understand the business before you go into it.

4 Home Winterizing services:

This is a must need for homes during the winter period so as this period arrives, there is a high demand for services like this. Last year, I think it was in December my Kids couldn’t go to school for a whole week because a  Pipe had burst, that one tragedy cost their school a whole lot of money and lost revenue. They were shut down for a whole week and they had to rebuild about 3 classes because the burst pipe had damaged the floors and caused a lot of havoc, plus they had to have an inspector in-house to make sure they were ready to resume activities. I bet that if they had taken time to winterize the facility, they would have reduced the chances of what happened.

Services like this can mean a lot of saved finances down the line so you can understand why such a service will bring in the needed cash during this season. Winterizing services can include, closing drafts on windows, doors and anywhere that has a loophole to reduce the loss of warmth hence reducing your energy bills. Weatherproofing your pipes to prevent bursting due to icing. Having general instructions placed in strategic places to remind house owners on how to ensure that their homes remain weatherproof for the season. Offering on-demand repair services where there is a need for it during the season.

5 Holiday Home decorating service:

Who doesn’t love the decors that you see on homes during the festive season, Christmas lights anyone? those are what makes Christmas what it is , but then it’s someone’s business to put it up right? That’s where you can start a seasonal home business that will help people decorate their homes for the season, be it Christmas, Hanukkah or Thanksgiving.

Starting on time to make your services available and getting people to pay monthly before the day arrives ensures that you have the number of homes you can handle on the ground before the 1st of December arrives. Early booking means you are sure of your income and you can do what is necessary to deliver when the time comes. I love those lighted Reindeers on the lawns, they make Christmas so endearing.

Bags for women from Nordstrom

6 Baking Holiday Treats:

If you are someone who loves to bake, this may be the time to monetize your baking skills by offering packaged holiday cookies and all types of treats to friends and family and also others who may be interested. Once they have tasted it and it’s worth the amount you are offering, they will surely be willing to pay for you to bake and deliver to their homes during the Christmas holidays.

It sure will beat buying from the stores and they have the opportunity to customize to their tastes. For more on how you can start a home-baked goods business that you can sell online, please read my post on How to start an online baked goods business

7 Party Planning and organizing for the Fall Season:

During the Fall season, we get to start the preparation for all kinds of Parties that will take place during the holiday season from office parties to Thanksgiving dinners to children’s Christmas parties, wedding anniversary parties and you just name it. If you have a knack to organize and throw a great party,  now is the time to begin to put together a plan on how to turn your talent into a business that you can cash into in this season. Getting your client at this time will ensure that you have a long time enough to prepare for the events that will hold. If this is a home business that suits you, it can become an all-season thing though you will find that most of your sales come during the Winter and Fall season.

8 Christmas Tree Rental:

The season of Christmas is a season that everyone wants to have a tree with all those lights on it and the gifts wrapped under it. Starting a Christmas tree rental service can be a great way to cash into the season to make some income. You can throw in decorating the tree as an extra service if people want to pay for it. I know most families love to decorate their Christmas tree themselves I mean where is the fun of having a tree if someone else decorates it for you?But then there are those who might just like a tree put up for them because they can’t decorate it themselves.

For example, the elderly who may not be able to hang that lighting anymore. There are also people who don’t like to decorate a tree at all. Offering that service of decorating the tree could be an add-on which they will appreciate.

During the Christmas of 2015, I did my Home Christmas decoration and tree decoration with the help of my sister, it was still a lot of work. After all the décor, my daughter who was about one year plus kept plucking the shiny balls that I hung on it, she taught it was a fruit. Before the Christmas day arrived. We only had decoration at the very top where her hands could not reach. Talk of having Christmas Tree with sparse hangings, it was very funny.

Handbags on Bonanza Market place

9 Holiday Home Service:

Do you have a free room or spare room in your home that you are not using? now is the time to set it up for and rent it out for Holidaymakers who may not want to go to the average hotel. You can rent it via Airbnb to make some money. The beautiful thing about holiday home rental service is that you have the opportunity to meet diverse people and make new friends while still making money out of it.

10 Holiday Shopper :

Anyone that can relate to Holiday shopping knows the hassles and stress it can bring to anyone who has been through. Remember the long lines and queues in Walmart and Co, you can save some busy people the hassle and stress by taking on their holiday shopping for them. All that Turkey buying, food shopping and also clothing shopping can be done by you while the person relaxes at home and watches TV or whatever they need to do during the holidays.

I have always been one to simplify my life hence why I like Blue Apron and the services they offer. You get your ingredients and recipes all done for you so all you have to do is follow instructions and cook. Don’t know if there are other Blue Apron  type moms like me but I value the time I spend on my business or family, I don’t like to waste it running needless errands or getting stuck in shop queues.

Blue Apron Subscription

Do you have any other Home Business Ideas for The Fall Season? leave a comment below

5 Steps to starting an Online Shop on Bonanza

Online Shop On Bonanza Marketplace
Logo culled from Bonanza website

I have this passion to see stay at home moms or anyone who desires to stay at home with her kids to be able to do so without financial restrictions that is why I am always advocating starting a home business to support your lifestyle. You can call it a Lifestyle business if you want. Today I will be writing about how to start an online shop on Bonanza

While researching online platforms that allow you run a business from your home.I ran into the online selling platform Bonanza and since then I took interest in checking out how its platform operates. I actually came to know about this platform when I was writing the article on how to resell used items as a business. Please read that post if you have a lot of stuff you would like to resell or you want to start selling used stuff as a business.

One of the things that struck me about Bonanza is that it does not charge you anything until you make a sale meaning that there are no listing fees. I was really intrigued about it hence I went foraging for more information about this unique marketplace and what I found really amazed me hence my decision to make a post about it.

*Please note there may be affiliate links in this Post, please read my Disclosure policy.

In this post, the online shop is the same as Booth, they can be used interchangeably here so do not get confused. Okay let’s get to it

Baby Girls Clothing from Nordstrom

 Steps to take  to start an Online shop on Bonanza

1)Register on the Bonanza Platform:

You have to register on the Platform to be a seller for free, with your registration all you have to enter is your name and email address, an email is then sent to your email address to confirm its really you, after that you can then confirm your registration by clicking on the link that will be sent to you, the link then takes you back to the registration page in other to continue with setting up a Booth.

2)Setting up your Booth on Bonanza

Now Bonanza is quite different from some platforms I have seen out there because you have two options for displaying your shop. The first is the Booth, for the booth to be set up you will be required to get a store and username, your username is what will appear as the icon on the booth you have set up.

The second is the web store. The web store is the paid version where you get to pay before you can start using it, while the booth is free to set up, the webstore is not. You are only given some free days trial before you are charged for setting up the webstore. The good thing about the webstore is that you don’t pay any listing fees after you make a sale.

-The webstore is like your average standalone online shop which you can create online, the difference is that you are creating one via Bonanza, you can use your own URL or you can use your Booths URL. The only snag with webstores is that you are going to have to drive your own traffic to it, unlike when you have a booth that you get to use their various adverts options.

Webstores give you the opportunity to create your own brand and customize it as you wish. It also gives your overall ownership of the store and you get to do what you feel with it.

Having itemised the differences between a Booth and webstore, I will advise that as a Beginner you start with a Booth and when you have established your self you can determine if you want to get a Webstore or not.

To complete the setup of your booth before you can list your products, you will be required to fill out the following necessities.

Credit Card information: Now some people may balk at this information but Bonanza collects this information because they do not deduct their fees before passing on the rest to you like some selling platforms will do rather you get billed every month that you make a sale. So the credit card information is held just in case you fail to pay up your bills they can then charge the card. They are quite sincere and open in the way they deal with their sellers so I should not think there will be an issue with that.

Khiels from Nordstrom

-Phone Number confirmation: Because the online marketplace is changing so fast, Online selling platforms are now requesting for phone numbers so that they can get in contact with sellers should there be a dispute that can not be handled by email alone. So you are required to verify your number before your booth can be updated. If you are uncomfortable with displaying your personal number in a public place, you can make use of Google Voice. A free service from Google for forwarding calls to your local number.  Another option is to make use of Virtual number operators.

After getting all these niceties tidied up, you can then head back to your booth to put some certain things in place.

Choose a Banner: the Platform provides you with different kinds of free banners that you can use for the header section of your Booth. I will advise its best you choose a Banner that goes with what you want to sell on their platform. This will make it easier for your Booth to be optimized and come up during searches.

For example, if your Niche is fashion jewelry, ensure that in choosing your store name and username you get to insert Jewelry in it to make sure that it fits in with the products you are going to sell on your booth. The good thing is that they have a lot of free banners which you can choose from so you don’t necessarily need to create one if you don’t want to.

Fill in your Shop Policies: In this section, you get to put the policies that will be guiding your shop sales, this includes your shipping policy, return policy, refund policy and also your various discount policies.

-Fill in your Profile details: People like to buy from people they can identify with. So it will be nice to provide your shop with a profile picture they can identify with, this way people know where to contact you and what you stand for. In your profile page, you get to write about your shop and what ideals that your shop identifies with.

-Social Profiles: You also get to fill out your social profiles this includes, your Facebook, twitter handle etc.

Bonanza online selling platform

3)List your Products:

This is the best part of having a shop right, displaying your goods, that is what listing is in the online marketplace. I like this aspect because you get to display or showcase the goods that you want to sell to your customers. In listing your products in your online shop on Bonanza, here are things that you need to do:

Choose a title for your Product: This is basically what comes up when people search for your products, so you have to provide description of what your picture display looks like, the good thing about the Bonanza platform is that it gives you different marks for the different sections of your listing steps so you know how well you are doing. A good description makes it easier to sell your products.

Upload your Pictures: The second part is to upload the pictures, pictures are the new product samples in the online marketplace, without pictures people, won’t know what your product looks like so they won’t buy. Therefore if perhaps you are selling your own physical products which are to be fulfilled by you then you have to invest in a good camera with a good props and lighting options to ensure that your products come out looking like the real thing on the pictures

If however, you are drop shipping the products you are selling then it’s easier to do because you already have the pictures from the product manufacturer so all you have to do is copy and upload them on your booth.

Product Description: In this aspect, you get to describe your product via the various categories that are available, this makes it easy to classify your product. In this section, you get to give correct details of your product like if it’s real gold, karat number or if it’s a vintage product when it was produced. All these details are essential to give a buyer a feel of what your product is made of and what they should expect. The quality and what kind of material it is made of. This makes it easier for buyers to make a better decision.

I suggest you take on the mindset of a buyer when describing your products, this is also where a keyword research will play a big part because you store will come up via keywords that people use in searching for a product. So a keyword research is in order before you commence listing of your products

Shipping Options: In starting an online shop on Bonanza, you get to set your general shipping policies but you have to also choose what shipping options that will be available to the buyer and what shipping rates you will be offering or if you are offering free shipping. This section provides you with all the countries that you will be able to ship to should you choose to or restrict your shipping to a specific country or continent.

Setting your Price: In this section, you get to choose the selling price of your product. You also set whether that price is negotiable or not. All these boxes will be properly ticked before you can then upload your item for sale.

Because the Platform assigns different scores for the different aspects of the listing process, it’s always better to ensure you get a 100% score on your listing score in other to ensure maximum exposure of your online shop on Bonanza

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Fit Bit Wireless heart Rate Tracker

4)Advertising your online Shop on Bonanza

The good thing about selling goods in your online shop on Bonanza platform is that they offer you different paid options of advertising your products on the different platforms. For example, they have a plan in which your products get advertised through bonanza affiliates, Bonanza organic traffic, and google shopping. They also have other options for listing your products on eBay so as to increase your options of selling.

They also have different paid packages for attracting traffic to your shop. I love the fact that you are not left all on your own to do your marketing but you are helped to succeed via their different marketing packages. Of course, you will have to read up on the offers to know which one suits you.

5) Sell via the following Methods:

Drop shipping Via Aliexpress:  You can drop ship other peoples product via Aliexpress in the online shop on Bonanza. I have written about drop shipping before, if you would like to read about my first post on drop shipping please read it here

-Feature your own products whether handmade or by someone else

-Import your other products from other platforms such as your own online shop, Ebay Etsy, Amazon.

Features of Bonanza Online Selling Platform that are quite Unique and Cool

-You can import your already listed products from other platforms you are using such as Amazon, Etsy, Ebay or your own online Shop.

-You can list your goods for free, you only pay for your listing and advertising when you  make a sale

-You can drop ship on the platform from Aliexpress

-The platform is easy to navigate for anyone that is a first timer.  There rules and guidelines are written in a friendly way that makes you feel like you are reading stuff made for you alone.

-It was voted the  best online selling platform by over 50,000 people in 2016

-It has the lowest selling fees compared to Amazon and Ebay, take a look at the picture below:

Photo credit; Bonanza Online selling Platform

-It has flexibility when it comes to selling on other multiple platforms, meaning that your product can be advertised on other selling platforms depending on the advertising package that you choose.

-Its endorsed by many organizations such as CNN, Mashable, Time Magazine, Bloomberg Newsweek.

-The last Cool thing about this platform is that I opened an online shop there, you can check it out by clicking here: Eleora Fashion Store

Categories that are featured on Bonanza Selling Platform

-Men’s Fashion

-Women’s Fashion

-Home & Garden

-Health & Beauty

-Handbags

-Jewelry

-Others: This includes sporting goods, toys e.t.c

-Collectibles and Arts.

Do you have other ideas on how to start an online shop on Bonanza ? drop your comment below

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Chic Hobo Handbag from Bonanza Marketplace