HOW TO START A BEAD MAKING BUSINESS
Beads actually happen to be one of the oldest forms of fashion in the country. As at the time it was first worn, it was mostly in traditional settings for royals or people from royal families for fashion purposes. Over the years from that time, it has become something that almost anyone can wear just to beautify and also had a nice touch to whatever they are wearing. As the use of beads have been for a long time, it suggests that in times past some people have explored the business and used the idea to make some money while helping people to look good. These people are known as Bead Makers.
Bead making is the simply the process of putting together beads of different types, color and sizes that would eventually look fashionable and attractive when worn. Beads come in different types can be used for necklaces, bags, rings and so on. It is a business with huge prospects due to the fact that it is widely acceptable and is worn by many people. The business also comes in both small scale and large scale. This depends on capital and also the time to be dedicated into it. For example, the business will be in small scale in a case where the business will not be full time and it will only be run on a part time basis as a supplement to your normal job. Unlike in that case, the large scale business might require an higher level of engagement.
One of the major benefits in starting the business is that it is something that can be operated from the comfort of your home. You don’t necessarily need a big space to use for the business, your home is enough. The business doesn’t have any complex or large equipments so everything needed for the business can perfectly fit in your home without needing to rent a place or something like that. The only scenario where that can be possible is when the business is started on a large scale or after a few years of running the business in small scale, you eventually want to move and expand the business.
Also, the cost of starting the business is not really expensive. In fact, the business can be started for a relatively low amount of capital depending of the type of beads you want to make. You don’t need to secure any space or buy any large equipments, the basic tools that are needed for starting the business are just few and the beads can be made with no problem at all. Starting the business also doesn’t really require any technical skills or educational qualifications or prior experience though most times when the business is started, it is started by experts who have a very good knowledge about beads and how they can be made. As a starter who likes the business idea but is unaware of how to go about it, it is still possible as you’ll only need adequate level of training on how the beads can be made to get started.
Starting the business is not really a hard thing to do after you must have acquired the necessary level of training on the business and the capital for the business is also made available. Like I’ve mentioned, the cost of starting the business is not very expensive and the equipments or resources to get started are not huge or luxurious so they are mostly affordable to get. For a small scale business, the large chunk of the budget goes into getting the resources and marketing approaches for the business since there is no need to get any location or shop to operate the business from.
In the next sub heads, I’ll be discussing the neccesary things involved in starting the business and also some factors that can help improve your chances of making profit and also making the business successful.
Researching a business you’re about to start is highy recommended regardless of how small or big you plan to start. Research is a fundamental aspect of starting any business and it always helps the entrepreneur determine if they’re actually ready for all the business takes and if they’ll be cut out for the things involved in the business. During the research, certain things are made known to individuals about the business and these things actually become important during the course of the business.
During the research, it is important to go through every detail you can get concerning the business, the market for the product, entry requirements for a starting company, production requirements and cost, risks involved, marketing strategies available for the business, the cost of capital and finally, how to increase your chances of making good amount of profit from the business. Other things like how to also expand if you’re starting small and best kind of bead products in the market should also be gotten.
The bead making business is not an entirely new business as there are other individuals who are practicing the business and have even been in the industry for quite a while. You can look to get insights from such individuals who might even already have big bead shops. They will most likely give you the most reliable information you can get on the business aside from the one you’ll probably get on the internet which also can be reliable to some extent.
2. LEARN BEAD MAKING
If you don’t already know how to go about the process of bead making then it is only right that you learn it as it is the main point for starting the business. You can’t just start a bead making business with knowing anything at all about fixing the beads to make a beautiful design. That’s of, except you won’t be running the business yourself or you’ll have workers doing the work for you. But even at that, you are required to learn what the business is about and how to actually make the beads.
There are a number of free tutorials online to learn from. That can prove to be a start for the learning process. The internet gives the opportunity to actually learn quite a lot. Video platform, YouTube, has video content to explain the procedures in detail. Also, there are physical classes for bead making where you’ll have to walk in and learn the bead making process just like in a school or class set up. Based on scheduled time, you can decide either to go in daily or for specific number of days a week to learn the bead making process. After a couple of weeks of classes, you must have been able to go about the bead making without stress.
Either the internet based learning or the physical class learning, you’re still sure to get properly equipped to get the business started.
3. GET THE EQUIPMENTS
At this stage, the equipments for the business can be gotten. There are different types of beads that can be used for the business. Some of them include acrylic beads, bone and horn beads, celestial crystal, shell beads, metal beads, Czech glass beads, molded beads, lampwork beads, dichroic glass beads, furnace glass and many others. These beads are what will be used for the bead making and are quite available in the market for affordable prices. Other basic equipments apart from the beads needed for the bead making process includes the fishing line, cutter, tape, pliers, hook, bead stoppers and bead design board. Depending on the type of beads you’ll be making, the equipments might vary and you’ll need to get some extra things. Also, you’ll have to get the material used to package the beads after they are made.
4. MARKETING AND SALES
For this business, there are different methods that can be applied for marketing. One of the methods is by using social media. You’ll need to create a social media page and from there use the resources available to advertise your products. The method is the most effective when it comes to the business especially since you’re doing everything from home. Other methods are word of mouth, referrals or use of banners and fliers.
Registering the business is also another important part of the business which would prove really useful for the business. Bead making comes with an already established market, so you’ll definitely be able to sell your products and also make profits provided you do the neccesary things required for the progress of the business.