January | 2021 | DIY For Millennials

The first step of starting a business is figuring out what products you would want to create and sell. Creating a small business from homemade/ do it yourself projects is quite common now. In the article 20 handmade Business Ideas With Little Money to Start give 20 great idea that could help you start your business. You can pick to create items that you are passionate about or items that are trending.

Below is the following list of ideas:

Furniture Makeover
Greeting Card Maker
Jewelry Making
T-shirt Designer
Scented Candle Maker
Soap Maker/SPA Product
Abstract Painter/ glass painter
Handbag Maker
Knitting
Studio Photographer
Quilter
Scrapbooker
Bead Maker
Woodworking
Candy Bouquet
Ornament Maker
Mason Jars
Ebook Author
Décor Making Parties
Handmade Blogger (Williams, 2017)

Where could you get your materials?

To get the materials that you would need to create the products, you could go to your local home improvement store like Lowe’s and craft store like Michael’s and Hobby Lobby. To items that you would like to renovate and repurpose you could go to a thrift store.

How do I learn how to make DIY projects?

You should be able to learn online but watching YouTube videos, reading how to blogs, and even online course like on skill share.

Where can I sell my products?

You could sell them on Esty, Shopify, eBay, craigslist, and even Facebook marketplace.

“How do I price crafts and homemade goods?

There are simple formulas for establishing a retail price for your products that factor in all of your costs (materials, labor, overhead) plus a markup. But there are also several more involved strategies for setting price, like psychological pricing, premium pricing, and penetration pricing” (Winter, 2020).

Where should I market my business?

Pinterest and Instagram are the best platforms to promote pictures of products.

To get more ideas check out the following articles:

https://medium.com/@accaprof/20-handmade-business-ideas-with-little-money-to-start-32da16760a2d

https://www.shopify.com/blog/things-to-make-and-sell

References:

Williams, L. (2017, September 18). 20 Handmade Business Ideas with Little Money to Start. Retrieved January 26, 2021, from https://medium.com/@accaprof/20-handmade-business-ideas-with-little-money-to-start-32da16760a2d

Winter, D. (2020, July 06). The Business of DIY: 14 Things to Make and Sell Online. Retrieved January 26, 2021, from https://www.shopify.com/blog/things-to-make-and-sell

Photo by Artem Beliaikin from Pexels

My name is Arianna Quinones. I am studying for my Master of Science of Digital Marketing and Analytics from St. Edwards University. I am an Analyst, Loyalty & CRM at Lowe’s. For our Social Media Analytics course, we are creating a blog to measure metrics of our post from posting them on different social media channels.

Since I work for a Home Improvement and Appliance Retail company, I wanted to write a blog for Millennials that want to create a small business off DIY projects. I would love to use what I have learned in my program to create content giving small business marketing tips for Millennials. “The Millennial personality seems to be pre-set to “leadership” mode. They’re not sitting around waiting for it to happen” (Works, 2020), and during this time, it is super important to be purchasing from small businesses, local and ecommerce.

Through this 5-week journey, I will be providing content that benefit small business owners and people that would like to become small business owners. DIY for millennials encompasses blogs about do it yourself types of businesses that you could start, how to start it on Etsy, and how to market it on social media.

Reference:

Works, F. (2020, February 21). Millennial small business owners are a plentiful and profitable audience. Retrieved January 19, 2021, from https://www.fastcompany.com/90466428/millennial-small-business-owners-are-a-plentiful-and-profitable-audience

DIY For Millennials

Month: January 2021

How To Pick Your DIY Business Idea