1) Demand of your Product
The first step is to determine that why people will buy your service and what X factor you are adding into it to make different from all the existing competitor. Just because you have a passion doesn’t mean people will buy it. Brainstorm your idea with all the good advisors.
2) Making sure that you still enjoy your hobby even after making a business
It is important that you find happiness in what you do even when you have to please customers, meet deadlines, work professionally and so on. You would also have to juggle marketing, advertising, finance and your work as you step into the business.
3) Don’t Afraid to grow slow
Initially business take time to grow, but your constant efforts will speak louder. It can be baby steps.
Your dedication and your focus will definitely add value every day. If you hate working with strict deadlines or to do list, you wont make a mark, as these two tools are utmost important to achieve your daily, weekly and monthly target. Measure your growth every week. Time Management is essential.
4) Make a Proper Business Plan
You cannot start from anywhere and be lost. If you start with a nil plan and hit the ground you may become disheartened. It is better to know in what direction you may have to go with your hobby. You also need to calculate the amount you would likely be spending in your business.Include FMEA ( Failure Mode Effective Analysis) to identify your cause and effects of each decision you are making.
5) Social-Media Visibility
Your brand is your identity. It will be representing both you and your hobby. Starting from Designing logo, creating pages on different platform, reach out to targeted audience, changing strategies and adding your team… all of this will run on same time and your initiatives and out of the box thinking will make you different from others.
Don’t forget while you are sleeping your competitor is working harder against you. Be ready for face off.