Step-By-Step Guide to Starting a Home-Based Tailoring Business

If you can sew, you can earn! By converting your simple sewing talent into a home-based business, you can earn a good amount of monthly income with very little initial investment. If you are already sewing your own clothes, then you obviously own a sewing machine. But converting it into a business will require proper planning. Here’s an easy step-by-step guide to starting a home based tailoring business:

Identify your strengths

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Are you better at sewing women’s outfits or can cope with unisex and male outfits too? Also, besides cutting and sewing a garment, do you also know a little embroidery, piping, lacework, patchwork, cutwork, etc. that would give your tailored outfits a more professional look? You must identify and hone these skills so that you can offer a wider range of services.

Do you have the necessary equipment?

Does your sewing machine have the facility for stitching materials of different thicknesses? There will be some clients who want a thin cotton shirt and others who might want you to sew a denim jacket. Also, there are many sewing machine brands that have the capability for machine-embroidery. If your machine does not have these facilities, then you will have to make an initial investment in a new professional sewing machine and practice on it for a few days before you go public.

Collect the accessories

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You will need a selection of colored threads (reels or bobbins), two sharp scissors (a big one for cutting the cloth and a small one for cutting the thread after stitching. Use the old stock of reels to practice the different embroidery stitches.

Do self-advertising

tailored dress

Whenever you can, try wearing outfits that you have stitched at public events, like at the church, a wedding, a birthday party, christening, or even casual shopping. Each time, just mention in casual conversation that you have sewn the dress or top. Continue this trend for a few weeks.

Market your tailoring business

After people have started to notice and admire your outfits and sewing talent, you can ask your family, friends, and acquaintances to mention your name as a talented tailor. Word-of-mouth is the easiest no-cost way to market your home-based tailoring business.

Expanding the business

If you wish to go global, you can design a simple blog that showcases your talent. There are several automated platforms (like WordPress) where you can develop a blog without the help of skilled IT professionals. Put up pictures of the previous work done and advertise that you can sew the same item for others once you have their measurements.

Note: For mail-order business, you must put up a guide on how to take measurements so that they don’t make mistakes. If they don’t mail you the correct measurements, your sewing will go wrong and your reputation will be at stake.

Running a successful business from home can be a very fulfilling experience. If you are good at sewing and needlework, then you can be an ace home-based tailor by following these simple steps.

Successful Home Tutoring Business – Lucrative Hobby No.4

home-tutoring

A great way to switch from a regular office job to freelancing is to set up a home tutoring business. Whether it is for extra cash or because you want a change in career, tutoring can be very lucrative. In short, it is the best micro business with potential for macro returns. So here’s a step-by-step guide on how easy it is to start a successful home tutoring business:

1.Identify your skill

To teach someone you must have some level of expertise. Identify the subjects you excelled in school. Of these, focus on the ones you enjoyed learning. Make these subjects your area of expertise. If you are comfortable about teaching high school chemistry, you must aim at children from middle school to high school in order to get more students.

Note: Keep your house spotlessly clean because a shabby house will reflect on your tutoring skills when parents come with prospective students.

2. Publicise your business

Give your business a name and also create a nice logo online. Through family, friends and social media publicise your tutoring business. With due permission of the school authorities, post advertisements of your tutoring business on the notice boards in the local schools. You can also insert classifieds in the local dailies for additional publicity.

3. Check the competition

Check online or through friends the fees that other teachers in the area are charging for home tutoring. This way you know the size, experience, expertise and prices of your competition and you can set your hourly rates accordingly.

4. Start with locals

To begin with, start by teaching local students at your house. Initially take on students only at weekends. If not, fix a mutually suitable time and teach each student individually. You can slowly expand into taking a small batch of students at a time.

5. Identify the curriculum

Keep yourself up-to-date on the latest revisions in curriculum. You may need to make a small investment in books for ready reference.

6. Plan for expansion

As the number of students increase, you can afford to invest some more into the business for long term benefit. Identify a free space in your home that can be converted into a workstation. You must also:

  • Buy and install a PC with wifi connectivity so that you have easy access to the Internet.
  • Enrol in an online course to get the necessary certification for additional qualifications.
  • Learn online on how to carry out e-tutoring.

7. Publicise on the Internet

Register your home tutoring business on sites like e-hometutors.com or firsttutors.com so that you get regular e-tutoring jobs. It is now safe to chuck your job and take on more work. As different nations have different time zones, you can get e-tutoring jobs throughout the day. But continue with a few local students (through e-tutoring) to maintain a grip on the local scene.

8. Provide progress reports

Set goals for students and work with them to achieve the goals. Give the parents feedback on the child’s progress at regular intervals. Keeping them in the loop will keep the students more focused and will also improve your credibility as a tutor.

Being a freelance tutor or online tutor gives you the opportunity to choose a schedule for tutoring that fits in well with your household chores. The home tutoring business is a micro enterprise which requires minimal investment but has the potential to give you a fair-to-excellent monthly income depending on the time you can devote to tutoring. And yes, don’t forget to check up your tax liability.

Investment Advisory Services – Lucrative Hobby No.4

 

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Once children grow up and they are busy with their own activities most women find themselves at a loose end. A microenterprise in investment advisory services is a great way to earn extra money. You can earn a very good income without leaving the comfort of your home.

Who is an investment advisor?

Market analysis

An investment advisor or financial advisor is a professional who studies the stock markets, banking, insurance plans, mutual funds, etc and gives others advice on where to invest their savings.

Most people are unaware of all the different investment options available to the public. And more importantly they find it difficult to decide which would be the most profitable one.There are many companies dealing in investment advisory services, but everyone cannot afford their fee. You, as a homemaker, do not have any office expenses and can offer similar services purely on commission basis without charging a fee for advisory services.

How much can you earn?

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A freelance financial advisor can earn anything between INR 1,80,000/- and 15,00,000/- or more in a year.  This income in generated through commissions on selling investment options to clients and through profit sharing. Also, when you bring big investments for a particular finance company; the company will offer you a huge annual bonus as an incentive for product-loyalty. In the US the estimated minimum income of an investment advisor is about 33,000 USD, which is pretty good for a home based business.

Regulations to become a financial advisor

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Every country has its own regulatory authority that defines requisite qualifications and re-qualification of an advisor. To start your little microenterprise of investment advisory services you will need some basic qualifications:

  • A bachelor’s degree in finance (mandatory only in some countries),
  • Insurance advisor’s certification (required everywhere),
  • Mutual Fund advisory certification (mandatory everywhere).

In India, you need to pass one test for insurance through any registered insurer. And you also have to qualify for the Association of Mutual Funds in India (AMFI) test. To renew your license as a registered advisor you have to requalify every five years. A bachelor’s degree is not mandatory.

These certifications will give you basic knowledge of accounting, risk management, financial planning, tax-saving options and accounting. You also get training in marketing techniques so that you succeed in your microenterprise.

After the certification, it is time to register your name as a freelance financial advisor on Freelancer.com and Upwork.com so that people are aware of your micro business. Of course, you must also advertise through your relations, friends and all your social media profiles.

If you want to earn from the comfort of your home, this is one of the most money-making options from the long term perspective. If you are a homemaker working for extra cash these certifications are sufficient.

But if you want to chuck your existing job to become a full time financial advisor, then additional certification as a Certified Financial Planner (CFP) will come in very handy. This will give you more input on how to run a successful microenterprise in investment advisory services.  Also, the earnings will be enough so that you don’t regret leaving your previous employment.

AMATEUR PHOTOGRAPHY – A LUCRATIVE HOBBY FOR WOMEN OF 40PLUS

 

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Everyone’s been praising your vacation pictures and selfies. Why not turn this talent of amateur photography into something lucrative? You don’t need to leave your regular job to pursue a small side business at weekends. Just use your imagination, a little bit of creativity and slowly you will be a pro.

WHAT YOU NEED FOR AMATEUR PHOTOGRAPHY

Make a list of all your relatives, their relatives, friends and their friends. There! You have a good number of potential clients to showcase your talents. The next thing is a good camera. Your mobile phone camera will not give a really professional touch to the photos.

DSLR camera

It will be profitable to invest in a DSLR camera of a good brand. A super-fast camera with auto focus capability is all you need. Many brands are available at prices as low as $55. Check out some at the National Camera Exchange site. Once you are done with the photo shoot give it to a nearby photo studio for creating a CD or video as per the client’s choice.

DIFFERENT TYPES OF PHOTOGRAPHY

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EVENT PHOTOGRAPHY – The best place to start your part time career as an amateur photographer is by offering to take pictures of weddings, christenings, birthdays, anniversaries, school/college social or sports events, etc. Spread the word amongst your relations and friends that you are willing to take pictures of events for a reasonable fee. For sports events you will require a tripod to place the camera for better results so don’t venture into it at the start.

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PORTFOLIO CREATION – This requires a little more creative skills than clicking at functions. Portfolios are usually required by aspiring models or actors. They want to portray a particular image of themselves. They are banking on your photos to launch their careers. So if you are up for the challenge, go ahead and create some wonderful photo albums (portfolios) for those young aspirants among your acquaintances.

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PRODUCT PHOTOGRAPHY – Photographing products is the exact antithesis of portfolios. Creativity steps aside for technical skills of the photographer. You should practice a bit at home with different home appliances for shadow effects and angles. It’s a bit like still life sketching.

Products can be anything from food and beverages, consumer durables, metal products, electronics and peripherals, garments, gardening, etc. You will have to take a call on the best way to project the image of the product. How does the seller want to portray the product and who are his potential customers? The pictures must appeal to the targeted buyers.

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PORTRAIT PHOTOGRAPHY – This is different from portfolios. Both types of photography involve some knowledge of light-shadow effects, profiles, postures, etc. But portraits are usually close-ups. There is no room for even the slightest error. Of course, you can download Adobe Photoshop and tweak the images a bit. But if you want to improve your talent as a photographer, use this option only at the start of your part time career.

HOW MUCH SHOULD YOU CHARGE

There is no standard fee when you are just starting out as an amateur photographer.  Ask around and find out how much others are charging and offer a competitive rate. You can throw in a freebie in the price – something like a printout of their favourite image with lamination.

Amateur photography can be the most enjoyable and lucrative hobby for a woman of 40 plus. It also gives you an opportunity to make new friends and lead a more fulfilling life. Life is more than just 9-5 weekday drudgery. Now you have something special to look forward to every weekend, and earn from it too. So go ahead and click, click, click…