How to Start a Business

Example of Chrissy DiBrigida's monogram decals.

Example of Chrissy DiBrigida’s monogram decals.

Christina DiBrigida

Hello my name is Christina DiBrigida and as you may know, I started a monogram business.  Therefore I will be telling you how to start your own business in these 6 simple steps.

  1. Figure out your audience:

 

I knew that I wanted to sell a product to my fellow classmates, so I decided I was going to figure out what my classmates were interested in. I quickly found out that it was monograms.  It’s important to have a product that pertains to your audience so that the customer is interested in what you’re selling.  

  1. Outline your business:

I figured out different design options, sizes, and prices in which I would provide my monograms.  Most importantly, I strategized how I would present my business to customers.  I also knew that the prices of my monograms should be lower than monograms online.

  1. Buy your materials:

At first, when it comes to a business, you are going to have to spend money to make money.  Lucky for me, my mom already owned the machine used to make the monograms; all that was left for me to do was to buy the vinyl sheet paper.  I started off with basic colors and as I made more money I started purchasing crazier, more specific colors.

  1. Devise an organization system:

Organization is important when having a business.  As a business you need to be able to keep track of your orders so that you can deliver the correct product on time.  For my monogram business, I took a notebook and split the pages up into 5 different columns- the customer’s name, initials, design of the monogram, size, and color.

  1. Make your business public:

Announce to your audience or anyone who is listening that you are now open for business; therefore, no one will feel hesitant to ask.

  1. Sell! Sell! Sell!

Your business is off and running! Get out there and sell your item.  Most likely, if your item is desirable to your audience, the cash will be flowing.  Lastly, don’t forget to have fun and be proud of your business.

Keep your business records neat and in one place.