If you have a skill and expertise in sewing, why not use that skill and transform it into a money making business and start a home-based sewing business. Lots of people, particularly work-at-home moms, desire of being able to start their own business from home. Those people who previously have an experience and skill are one step above the rest when it comes to identifying just what kind of business to start. Here are the tips on how to start a home-based sewing business.
First, Determine your sewing skills and capabilities. Do you have a bunch of skills that you can instantly offer to clients? What other sewing works, services and products can you provide to customers?
Then, check if you have the right tools and machines, adequate supplies and accessories to operate your business. What tools, devices or machines do you presently own and what other things will you require to buy? How much cash do you need to acquire additional tools and supplies? Do you have enough capital to run the business?
Look for a place in your house where you can put all the tools, items and supplies out of the way of usual daily activities where they can be harmed and impaired everyday living. Don’t mix your home work and business. Decide what hours will be spent for your work to avoid distraction from your business.
Have your business name licensed. Should you decide to be a sole proprietor, head to the DTI (Department of Trade and Industry). In case you want to start a corporation or partnership, proceed to the Securities and Exchange Commission (SEC). After getting your registered business name, get a barangay certificate and go to the local municipality to get the mayor’s business permit prior going to the BIR to get a certificate of registration and authority to print receipts. After doing that, if you have five or more employees, go to the Social Security System, PAG-IBIG, Philhealth, DOLE, and other concerning government agencies.
Learn how to cost and price your services. Know how to properly estimate your real costs for every services you will be offering. Take into account not only the materials and other items used, but also the labor charge and operating expenses. Talk to close friends and family members to make recommendations on reasonable rates for the sewing services you finish. Visit other sewing businesses and talk to them how they cost their products and services.
Marketing your business. The best thing to do is to learn ways how to obtain clients. Try tapping your contacts to generate your first sales. These people are even more easier to tap first because you already know them. However, don’t simply wait for clients to appear. Go out and market to them in their houses and workplaces by disseminating posters, flyers, business cards and other sales paraphernalia. Provide loyalty packages to attract more clients and to retain old customers.
Create an independent checking account for your business and a good record-keeping. It is crucial to separate your business finances from your personal finances. It makes much simpler and easier to check income and expenditure. Keep good records of costs used to produce items and the money earned to help you track the growth of your business.
Home-based sewing business can be your ticket to riches, however like all endeavors, it is necessary for you to learn how to run the business.