Thanks to all who responded. Just in case you’re interested, my business plan is beginning to take shape. I have a web site up and running now (WAYNEWERKS.COM). I have displayed several of my products there, but haven’t done any pricing yet. I’ve also set up an account on ETSY.COM, but haven’t much luck there yet. I’m sure I’ll need to add more products in order to reach a larger demographic and increase the likelyhood of making sales. I’ve also set up a PAYPAL account for the time when I actually sell something.
Since I’m retiring in January, I’m not relying on my business for my sole income. That takes a lot of the pressure off. My father once told me that if I make my hobby (woodworking) a business, then I won’t have a hobby. His advise was sage, but didn’t take into account that my love for woodworking goes way beyond hobby status. It is my passion.
From a business perspective, that passion can be a two-edged sword. My passion drives me to create the very best product I can…and that’s a good thing. The down side is I can spend so much time on a project that at some point it just isn’t cost effective.
So it becomes a matter of priorities. Which is more important? Making a profit (which is highly desirable), or creating a quality product. I think it’s possible to do both, though I may need to compromise and re-assess my position as time goes on.
Anyway… I got my domain name and have my business registered with the state. I’ve also looked into selling my products locally. Lots of potential there, though it involves lots more time than selling strictly on the internet. I’m also spending more time blogging. I’ve already seen good results here. I’ve already gotten responses and am overjoyed that people are actually interested in what I’m trying to do.
Keep an eye on things as they develop. This is an exciting time for me. I hope to share this excitement with you.
-- Wayne, Utah,www.waynewerk.com