Home Business Ideas – How to Start Your Own Business Doing Something You Love

Who don’t want to have a job that is fun and filled with excitement? Or, who don’t want to do something that they can enjoy all day long for a living. Everyone wants to have a fun job, or even better start a home business doing something you love. It’s possible to make profit by doing something you have passion for, in fact, many people have done it.

I have a friend who loves to collect different types of perfume and she has the most unique perfume collection I have ever seen. Now, she’s not just loving looking for new addition to her collection, but she’s also busy selling it to other people. My elder sister is operating a small business selling homemade cakes and cookies from home, and that’s all started from her hobby experimenting with pastries ingredients. Those people that I know take their hobby and turn it to profit are not extra ordinary people. They were just a normal people like you and me, but the different is, they have what it takes to start and run a business.

No matter who you are, if you are willing to take some challenges and think outside the box, I believe you too could make money with your hobby. However, before you could start there are few things that you will want to confirm, and you need to think like an entrepreneur of course.

First, check whether your hobby has good market potential. If you love baking like my elder sister, your market potential is good. People love cakes and cookies. My sister is good at baking, everyone in her neighborhood loves her home made cakes and cookies. She begins with a birthday cake for her friend’s daughter, and the next thing she knows, few people from the neighborhood started to ask if she would be interested to take few more orders. She said, “Yes”, and started from there she put in some effort to expand her network. As I have said, you need to think like an entrepreneur.

Second, how would you approach your potential customers or promote your product. This part was a little easy for my sister. She gave some samples to friends and the words travel fast. Once you are convinced you have good product, you will have less thing to worry. Apart from giving sample, my sister also uses pamphlet and online classified ads to get the words out. Marketing part is very important for any business, even if you are just running a small home based business.

Third, you need to have plan for your business. Lay out your objectives and clearly define your goal. A business without a goal is as good as shooting blank. Without goal, you would easily have no motivation. When my sister started her homemade cookies business, her first goal was to have enough money for the household expenses. Equipped with a clearly planned business strategy, she worked her way out. After almost a year in business, she now has almost 300 individual customers and a constant amount of daily order from some groceries stores. Now, my sister’s earning is more than enough to pay the household expenses.

Now, are you thinking how to transform a hobby into a business? As long as you willing to go a bit further with your imagination, there is always possibility to start your own business doing something you love. Even if your home business ideas might sound a bit crazy, don’t let it back you down.

Start a Cookie Business – The “Sweet Success” Business

If you love to bake and you want to make money doing something you love, you should start a cookie business.

Why? Because making cookies is an excellent way to work from home.

Benefits:

You choose your own hours and you are in charge of your own success. As well, there is so much room for variety that you will never get bored of making cookies for your business. It is a great job for anyone that enjoys being creative and has a good business sense.

What It Involves:

The cookie business can consist of making cookies in bulk and then selling them to retailers who will sell to their customers. It can also involve custom orders where you make the cookies as per the clients’ requests. You may choose to bake from home but if you are making large orders, it may be beneficial to rent a facility with larger ovens and space to make batch orders.

Before You Dive In:

Running a cookie business is about doing something you enjoy for a living but there is more to it than that. You need to remember that the point is to make money while you are doing it. Therefore, you have to put on your business hat and think about how that is going to happen. You must have a business plan and you need a marketing plan. That means deciding what you want to sell and whom you want to sell it to.

Once you know that, you can move on to doing what makes you happy and making a profit, too.

How Can Joint Ventures Improve Local Small Business Profits?

If you own a small business, whether it is a bricks-and-mortar business, a service business, or a company operating primarily online, joint ventures can give you powerful influence in the marketplace. Joint ventures provide a huge reward for less effort because of the power of leverage.

A joint venture in business is simply a triple win, or a win-win-win. It happens when 2 (or more) business owners do a deal that not only benefits both businesses, but also serves the customers. There MUST be a win-win-win.

Let me give an example so you can understand the power of these profitable arrangements. There are many kinds of JVs that you can organize. This example is for local business owners. Imagine this scenario. Sam owns a dog-friendly restaurant. Sarah owns a gourmet dog cookie business. They form a joint venture that works like this.

Sarah makes little “doggie bags” with a couple of her gourmet treats, a business card and a coupon for 10% off the purchase of a bag of gourmet treats. When people go into Sam’s restaurant with a dog, they get one of the treat samples. They go into Sarah’s business and redeem the coupon. Sarah hands out a coupon to everyone who purchases from her shop offering a free appetizer at Sam’s restaurant. This is a good fit because people who own dogs would be interested in shopping at both businesses.

These mutually beneficial arrangements re-define economic stimulus, because they are based on people’s buying habits. This is only one of many ways a joint venture could work. Why not put on your thinking cap and consider how you might work out a win-win-win scenario like what I have just described?

All it takes is a little creativity and a deep desire to serve your customer. Find out what else your customer buys. If you notice that people often come into your business carrying shopping bags from a particular nearby business, you have the basis for a joint venture. Could you ask them to offer a coupon or a sample? And could you in turn find a way to give your customers a discount or sample of theirs?

Some questions you can ask yourself to get you thinking:

Where else do your customers like to shop?

What other products/services are a natural fit for your customer?

What else do your customers want and need that you don’t intend to provide yourself?

How can you make these customers to think of you as their hero?

Whom do you know in a business that your customers would also like to frequent?

Whom do you trust in a complimentary business?

How can you better serve your customers by forging joint ventures?

How will you track results?

Start stretching your mind and your expectations and create your own economic stimulus plan through the power of joint ventures.