There are a lot of items that can be purchased very inexpensively at garage sales or thrift stores and sold for higher prices elsewhere. A few years ago I discovered that I could purchase good hardcover books at my local thrift shop for $1 or less. I realized that some of them could be sold on Amazon.com for $15-$20, which turns out to be a pretty decent profit.
... It would be desirable to explore more if handicraft producers could be grouped into a number of clusters or types of producer based on these three business characteristics. Previous literature on business transition led to proposition that the higher performing handicraft producers would be those exhibiting formal business activities in a dedicated premise (Thompson, Jones-Evans &Kwong, 2009; Roberts and Robinson, 2010). In addition, based on the key informant interviews conducted, according with Malaysian government policy the full-time workshop-based producers would be highest performing unlike part-time domestic producers, who it was expected would have weaker performance due to informal and improper management of their business activity. ...
While it is possible to see results from your marketing efforts quickly, the reality is that marketing, especially the type that generates long-term results and referrals, takes time. You're competing in an increasingly crowded and loud marketplace. The better you can connect with your ideal market and develop a relationship with it, the better your results will be. If you provide a great product or service and are attentive to your customers, your customers will provide you with positive reviews, referrals, and testimonials that will help you stand out in the crowd.
Focus - It's easy in this fast paced, constant info-in-your-face world to get distracted. This is especially true for business start-ups that often get side-tracked by the shiny object syndrome (i.e. products and services that promise fast results), or bogged down in unimportant busy work. Successful entrepreneurs are focused on what will bring results.
... To encourage full-time self-employment, which may be particularly relevant for stimulating economic growth (Sautet, 2013;Williams and McGuire, 2010), policy- makers should consider facilitating societal practices related to future orientation and discouraging societal practices related to uncertainty avoidance and institutional collectivism. However, these activities may be neither necessary nor appropriate to also stimulate self-employment activity on a part-time basis, which can be particularly suited to increasing welfare for specific groups of indi- viduals, such as homemakers ( Strohmeyer et al., 2006;Weber and Schaper, 2004) and home-based entrepreneurs ( Thompson et al., 2009;Vorley and Rodgers, 2012). Societal institutional collectivism and uncertainty avoidance are negatively associated with entrepreneurial activity; performance orientation practices are positively associated with entrepreneurial activity. ...
Serial Entrepreneur: Many entrepreneurs get the most joy out of starting and building a business, but not in its continued management, so they sell it to launch a new idea. They are still considered entrepreneurs because they operate and assume risk in the business for the time they own it. Other times, serial entrepreneurs juggle several businesses at once, earning multiple streams of income.
Do you love woodworking? Even without a huge workshop, you can create some of the more popular crafts and sell them. And like most things, your success in business isn’t necessarily related to how skilled you are as a woodworker. So if you can figure out which products consumers want and just create those, you could have a good business plan. Etsy.com and farmers’ markets are a great place to start selling.
Your Brand Persona and Target Audience. When you eventually start creating content, you have to know who you’re talking to and tailor your brand voice to appeal to them uniquely. If you aren’t targeting the right audience (those people who will lean in to hear what you’re saying), you won’t find success. And, if you can’t find a way to stand out, you’ll blend into the hordes of other brands competing for attention in your industry.