Then I had $1,000 to invest in new inventory and business growth. Once I made and sold them, I made back that initial investment, plus $500 in profit. I spent 100 percent of that initial $500 on supplies to make my first candles. I Reinvested Most of Our Profit Straight Back Into the Business Less than two years later, with both of us working diligently on the business, we hit $1 million in total revenue and have continued growing ever since.įor anyone else who has big business-owning dreams on a small budget, I’m here to share some of the strategies that helped me make it happen. Less than a year after that, I was making enough to hire my husband full-time. A year or so after listing my first ten candles on Etsy, I was making about $1,000 a week in revenue, so I felt ready to quit my job to see what would happen if I gave it my all.
Instead, I started small, letting the shop grow as my budget allowed-which happened faster than I could have ever dreamed of. But, with only about $500 of savings that I could afford to spend, there’s no way I could stock all of that from the get go. When I started building Witch’s Way Craft, I had a vision for the shop it is today, with a vast inventory of candles, crystals, and all manner of magickal goods.
#Love me never read online full#
While that may be true for certain industries or those who want to open with a full store of inventory, it is often possible to launch with very little.Īt least, that’s how it worked out for me. I believe that one of the biggest myths about starting a business-particularly a product-based one-is that you need a lot of capital to get going.
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