Step 1: Determine Your Direct Costs Understanding Direct Costs When I first dived into the world of menu costing, one thing became instantly clear: direct costs are the heartbeat of your menu pricing. These are the costs related to the ingredients that go directly into your dishes. If you pour 20 bucks into a gourmet […]
Step 1: Dive into Market Research Understand Your Audience Before you begin your t-shirt empire, it’s crucial to know who you’re selling to. I started by sketching out a few customer personas, asking myself questions like: Who are they? What do they care about? Through online surveys and social media, I’ve gathered valuable insights that
Step 1: Find the Right Niche Understanding Your Passion and Skills Finding the right niche is absolutely crucial if you’re looking to start an online retail business. It’s best to begin with what you love or what you’re good at. Think about your hobby or interests. Personally, I’ve always been into sustainable products, so that
Step 1: Identify Your Niche Understanding Market Needs Let’s be real; diving into any business without knowing what people actually want is like fishing in a dry lake. My first step in starting my online business was to really understand the market needs. I spent a lot of time on forums, social media, and platforms