9.) 10 Steps to Start a Successful Side-Hustle
When it comes to financial empowerment and personal growth, the power of a side-hustle cannot be underrated. Whether you're a gamer, an aspiring entrepreneur, or a person looking for an additional income stream, a side-hustle provides an avenue for you to leverage your skills and interests in a profitable way. In this article, '10 Steps to Start a Successful Side-Hustle,' we will provide a comprehensive guide to help you kick-start your side-hustle journey. This guide draws insights from the strategies of Steel Cyclone Studios, a company that empowers individuals through high-quality custom apparel, video games, and affordable courses on financial education and side-hustles. Get ready to learn how to identify potential side-hustles, create a business plan, balance your day job with your side-hustle, and much more. Let's dive in and unlock the potential of a successful side-hustle.
Understanding the Concept of a Side-Hustle
Unshackling from the 9 to 5 routine and stepping into the world of side-hustles can feel like a breath of fresh air. But before you dive in, it's important to understand what a side-hustle is, why it's important, and how it can become a money-making venture.
Defining a Side-Hustle
A side-hustle is a profitable endeavor that you undertake in addition to your main job, typically during your free time. This could be anything from selling custom apparel, like the attractive merchandise offered by Steel Cyclone Studios, to freelance writing or even dropshipping. The main objective of a side-hustle is to earn extra income, but it's also a fantastic way to explore your passions, hone your skills, and potentially create a full-time business.
The Importance of a Side-Hustle
In a world where financial security is often elusive, having a side-hustle can provide a much-needed safety net. Besides the additional income, a side-hustle can also offer a sense of fulfillment, allowing you to pursue interests outside your regular job. It can help you develop new skills, build your personal brand, and even pave the way to entrepreneurial freedom. Moreover, a side-hustle could be your answer to financial worries and the ticket to a lifestyle you've always dreamed about.
How to Make Money Through a Side-Hustle
Turning your side-hustle into a money-making machine requires strategic planning and execution. First, identify a niche that aligns with your skills and interests. For instance, if you have a flair for design and love gaming, you could consider selling unique gaming apparel, much like the captivating art designs offered on Steel Wear.
Next, create a business plan that outlines your goals, target market, and marketing strategies. Remember, customer service and marketing are vital for the success of your side-hustle, especially if it's an online business.
If you're just starting, consider side-hustles that require low startup costs, like dropshipping or freelancing. These allow you to get a taste of running a business without a huge initial investment. As you start making more money, you can venture into other side-hustles or expand your existing one.
Remember, the journey to a successful side-hustle is a marathon, not a sprint. With patience, perseverance, and the right resources, you can turn your side-hustle into a thriving business. In the words of Steel Cyclone Studios, "Become who you needed most when you were younger." Let that sentiment guide you as you start your side-hustle journey.
How Steel Cyclone Studios Can Help You Start a Successful Side-Hustle
From the spark of an idea to the thrill of the launch, starting a successful side-hustle can feel like a high-stakes game. But with Steel Cyclone Studios, you're not playing alone. This dynamic platform offers resources designed to turn your passion into profit, from high-quality custom merchandise to affordable financial education courses and beyond.
Custom Apparel and Merchandise as a Side-Hustle
When it comes to side-hustles, your passion is your power. If you're a gaming enthusiast with a flair for design, then the endless possibilities of custom apparel and merchandise can be your game-changer.
Welcome to STEEL WEAR. Here, you can create captivating art designs that resonate with your fellow gamers or build a brand around your unique ideas. The best part? You can customize your apparel and merchandise exactly the way you want. Choose from a variety of designs, upload your own, or even personalize designs with your own text. The control is in your hands, and the opportunity is vast.
Financial Education and Literacy Courses for Side-Hustlers
The side-hustle journey isn't just about making money; it's about understanding money. That's why Steel Cyclone Studios offers a diverse range of affordable courses that cover financial education and literacy.
These courses are designed to empower you with the knowledge to find profitable trades, build a solid foundation in the stock market, and create additional income streams. You're not just learning how to start a side-hustle; you're learning how to sustain and grow it.
Empowering Individuals Through Video Games
But wait, there's more! At Steel Cyclone Studios, the spirit of gaming goes beyond entertainment. They're on a mission to use video games as a medium of empowerment and self-expression.
From their indie games in development to their commitment to sharing the challenges of game creation, Steel Cyclone Studios seeks to inspire players and aspiring game developers alike. So whether you're looking to explore a side-hustle in game development or simply seeking inspiration for your entrepreneurial journey, this is the place to be.
In the world of side-hustles, every move counts. With Steel Cyclone Studios, you're not just playing the game; you're changing it. So get ready, player one. Your side-hustle success story starts here.
Step-by-Step Guide to Starting a Successful Side-Hustle
Ready, set, side-hustle! Let's explore the 10 crucial steps to launching your successful side-hustle.
Step 1: Identify Your Skills and Interests
Your side-hustle should be something you're skilled at and passionate about. Whether it's designing custom apparel, reselling gaming merchandise, or becoming a freelance game developer, knowing where your skills and interests align is the first step to creating a profitable side-hustle.
Step 2: Conduct Market Research
Understanding your market is crucial. Identify potential competition and analyze what they offer. Find out what your target customers need and want. This will help you position your side-hustle effectively and set competitive prices.
Step 3: Create a Business Plan
A solid business plan outlines your side-hustle's objectives and strategies. It should cover everything from your mission statement to your marketing plan. Remember, your business plan is a living document - be prepared to adjust it as your side-hustle evolves.
Step 4: Determine Your Investment
Every side-hustle requires an investment of time, effort, and potentially money. Determine what resources you'll need and how much you're willing to invest. If you're planning to start a business that requires upfront costs, like a custom apparel business, make sure to budget for those expenses.
Step 5: Check for Potential Conflicts of Interest
Ensure your side-hustle doesn't conflict with your day job or any agreements you may have with your employer. You don't want to jeopardize your main source of income while building your side hustle.
Step 6: Set a Schedule for Your Side-Hustle
Time management is crucial. Dedicate specific hours to your side hustle and stick to them. This is where tools like Steel Cyclone Studios' courses can come in handy, helping you manage your time more effectively.
Step 7: Balance Your Day Job and Side-Hustle
Remember to maintain a healthy balance between your day job and side-hustle. You don't want to burn out, so make sure to take time for self-care and relaxation.
Step 8: Launch Your Side-Hustle
Once you've prepared everything, it's time to launch your side-hustle. Start small and gradually scale up as you gain more customers and confidence.
Step 9: Market Your Side-Hustle
Marketing is vital for the success of your side-hustle. Use social media, word-of-mouth, or even a dedicated business page on your website to get the word out. Steel Cyclone Studios' resources can help you master this step.
Step 10: Evaluate and Adjust Your Side-Hustle Strategy
Finally, remember to regularly evaluate your progress and adjust your strategy as needed. Learn from your successes and failures, and always be on the lookout for ways to improve and grow your side-hustle.
And there you have it - your 10-step roadmap to side-hustle success. Remember, with every step you take, you're not just playing the game; you're changing it. So gear up, player one. Your side-hustle greatness awaits.
Side-Hustle Ideas You Can Start with Little Money
Ready to hit the gas on your side-hustle journey but have a lean budget? No worries! There are plenty of side-hustle ideas that require minimal initial investment. Here are five low-cost options that can help you launch your entrepreneurial journey and start banking some extra cash.
Dropshipping Business
E-commerce is booming, and dropshipping is one of the most accessible ways to get a slice of this lucrative pie. With a dropshipping side hustle, you can sell products online without having to manage inventory or handle shipping. You simply act as a middleman between the customer and the supplier. When a customer makes a purchase from your online store, you order the product from the supplier who then ships it directly to the customer.
Platforms like Shopify make it easy to set up a dropshipping store, and with Steel Cyclone Studios' courses on dropshipping, you can learn the ropes in no time.
Freelancing
Got a special skill or talent? Freelancing could be your ticket to side-hustle success. Whether you're a writer, designer, programmer, or photographer, there are plenty of opportunities to monetize your skills. Websites like Upwork, Fiverr, and Remote.co are great platforms to find freelance gigs. As your portfolio grows, so will your income potential.
Affiliate Marketing
Affiliate marketing is a great option if you have a strong online presence or a knack for sales. As an affiliate marketer, you promote products or services and earn a commission for each sale made through your referral link. Many companies, including Steel Cyclone Studios, offer affiliate programs. It's a great way to earn passive income while promoting products you believe in.
Blogging
If you love writing and have expertise in a particular niche, blogging could be a profitable side hustle. You can make money through advertising, sponsored posts, affiliate marketing, or selling your own products. Plus, Steel Cyclone Studios offers courses on blogging, helping you turn your passion into profit.
Virtual Assistant
As a virtual assistant, you can offer various services such as email management, social media management, data entry, and more. This side hustle is perfect if you're organized, detail-oriented, and enjoy administrative tasks. Plus, you can work from anywhere, making it a flexible option.
Remember, the best side hustle is one that aligns with your skills, interests, and lifestyle. So choose a side hustle that you'll enjoy and be able to sustain. With commitment and hard work, you can turn your side hustle into a significant income stream. Good luck, future side-hustler!
Tips for a Successful Side-Hustle
Transforming your side hustle into a profitable venture involves more than just launching it. You need to nurture it, just like you would a full-time business. Here are three key tips to help you make your side hustle successful.
Consistency is Key
Just as the sun rises each day, so too must your commitment to your side hustle. Consistency is the secret ingredient to building a successful side hustle. This means regularly dedicating time to work on your side hustle, even when juggling it alongside your day job. Whether it's daily or several times a week, make sure to carve out consistent time in your schedule.
Remember the wisdom shared by Steel Cyclone Studios: "Become who you needed most when you were younger." This sentiment rings true for side hustlers. Be the consistent and dedicated entrepreneur you needed most when you started your side hustle journey.
Networking and Building Relationships
In business, who you know can sometimes be just as important as what you know. Networking is crucial in building your side hustle, as it can lead to collaborations, partnerships, and referrals.
Join relevant groups or communities, attend events, and don't shy away from introducing yourself and your side hustle to others. You never know where your next big opportunity could come from.
Also, remember to build solid relationships with your customers. Happy customers are more likely to refer others to your side hustle, creating a beneficial cycle of growth.
Continual Learning and Skill Improvement
The world of entrepreneurship is constantly evolving, and so should your knowledge and skills. Continual learning and skill improvement are essential for staying relevant and competitive in your chosen side hustle.
Consider enrolling in courses that can enhance your skills or teach you new ones. Steel Cyclone Studios offers a variety of affordable courses that can equip you with valuable skills and knowledge for your side hustle journey. Whether you're interested in learning about income sources, phone flipping, or how to turn your social media into a cash cow, these courses are designed to empower you to make your side hustle more successful.
In conclusion, a successful side hustle requires consistency, networking, and continual learning. By incorporating these tips into your side hustle strategy, you're well on your way to building a profitable and rewarding side hustle. Go forth and conquer, aspiring entrepreneur!
Conclusion
Stepping into the world of side-hustles can be a challenging yet rewarding journey. Whether it's selling custom apparel, offering freelance services, or turning a passion for gaming into a profitable venture, the possibilities are endless. The key to a successful side hustle lies in identifying your skills and interests, conducting diligent market research, and continually improving your craft.
At Steel Cyclone Studios, we believe in the power of empowerment and positive messaging. Our diverse range of affordable courses and high-quality custom merchandise are designed to inspire and motivate you to pursue your dreams. As you embark on your side hustle journey, remember to stay consistent, build relationships, and never stop learning.
In the end, a side hustle is not just about making extra money. It's about personal growth, exploring your passions, and perhaps, even making a lasting positive impact on others. So, take the plunge, and may your side hustle become a journey of success and personal fulfillment.
Remember, "Become who you needed most when you were younger." - Steel Cyclone Studios Motto.
If you're interested in learning more about starting a successful side hustle, visit Steel Cyclone Studios today.
Want to Learn More About Starting a Successful Side-Hustle?
Intrigued by the world of side hustles and contemplating to take the leap? We're here to guide you further! At Steel Cyclone Studios, we don't just provide a platform for unique, gamer-inspired apparel and merchandise. We also offer a wealth of resources for aspiring entrepreneurs and side hustlers.
Our comprehensive courses are carefully designed to empower you with the knowledge and skills needed to succeed in your side hustle journey. They cover a multitude of topics, from financial education to digital marketing strategies. For instance, our 'Ten (10) Income Sources' course takes you through 10 different ways you can increase your income and achieve financial freedom. On the other hand, our '7 Figure Masterclass' provides insights into transforming your social media into a profitable platform by selling digital products.
Moreover, Steel Cyclone Studios is all about fostering a positive and supportive community. We believe in the power of networking and building relationships as an integral part of your side hustle journey. Our platform offers ample opportunities to connect, collaborate, and learn from like-minded individuals.
If you're still unsure about the type of side hustle to start, our blog posts provide numerous ideas for side hustles that require minimal start-up costs. From dropshipping and affiliate marketing to freelancing and blogging, there are plenty of low-cost opportunities to explore.
So, if you want to dive deeper into the world of side hustles, Steel Cyclone Studios is your go-to destination. Our motto, "Become who you needed most when you were younger," is a testament to our commitment to personal growth, empowerment, and entrepreneurial spirit.
Ready to embark on your side hustle journey? Visit Steel Cyclone Studios and take the first step towards financial freedom and personal fulfillment today!
Blog Article Sources
- https://www.oberlo.com/blog/side-hustle
- https://www.steelcyclonestudios.com/about.html
- https://www.steelcyclonestudios.com
- https://time.com/personal-finance/article/start-a-side-hustle/
- https://www.ramseysolutions.com/saving/side-hustle-ideas
8.) Galactic Rhyme
7.) 3D Art Assets Now Available!
6.) My Shoe Design Journey Part 3
Ironically, the launch of my 2nd pair went by faster. The release of my second product was a swifter and more successful endeavor, primarily because I learned from my previous mistakes and implemented several strategic moves.
Here's how I made it happen:
1. Acknowledging Mistakes:
I recognized that in my first venture, I had made mistakes that impacted customer satisfaction and trust. In the second launch, I was upfront and transparent about these errors. I didn't hide or gloss over them but instead acknowledged them. This transparency was appreciated by my customers and built a foundation of trust.
2. Proactive Customer Follow-Up:
I realized the importance of staying in touch with my customers after their initial purchase. So, after the second product launch, I actively followed up with them. I sought their feedback, addressed any concerns, and made sure they felt heard. This not only improved their experience but also showed my commitment to providing a high-quality product.
3. Reinvesting Profits:
Early on, my first initial customers thought they were getting the standard leather instead of the patent leather. One of the pivotal decisions I made was to reinvest the profits I gained from the first product launch into the second one. I did this by offering customers a gift card, which not only encouraged repeat business but also showcased my dedication to their satisfaction. I apologized to customers and gave the ones who thought they were
getting the standard leather a gift card. By taking this small loss, it
helped me to ensure customer loyalty. This gesture enhanced their loyalty and trust in my brand.
4. Strengthening Customer Loyalty:
By offering gift cards, I not only encouraged customers to return and make additional purchases, but I also strengthened their loyalty to my brand. The gift card served as a token of appreciation, making customers feel valued and appreciated. This not only benefited my second product but also set the stage for long-term customer relationships.
5. Learning and Adapting:
Throughout this process, I continuously learned from customer feedback and adapted my business practices accordingly. This iterative approach allowed me to refine my products, customer service, and overall business strategy, ensuring that each new launch was an improvement over the previous one.
In sum, the success of my second product launch was a result of acknowledging past mistakes, actively engaging with customers, and reinvesting profits into the business. By focusing on building trust and strengthening customer loyalty, I not only rectified my initial missteps but also set the stage for a more prosperous and sustainable business in the future.
Delayed Shipping Times
The COVID-19 pandemic disrupted every facet of our lives, from the way we work and socialize to the way we shop. Small businesses, especially those involved in dropshipping, found themselves navigating a stormy sea of challenges. Among these challenges, one of the most significant was the delayed shipping times. In this blog post, we'll explore how COVID-19 caused shipping delays for small businesses in the dropshipping industry.
1. Supply Chain Disruptions: When the pandemic hit, it brought a cascade of disruptions to global supply chains. Factory closures, reduced workforce, and lockdown measures in various countries all impacted the production and distribution of products. Small businesses that rely on suppliers in affected regions suddenly found themselves dealing with delays as factories struggled to operate at full capacity or had to temporarily shut down.
2. Shipping Restrictions and Regulations: Governments worldwide implemented strict regulations to curb the spread of the virus. These restrictions affected not only international but also domestic shipping. Limitations on cargo flights, shipping personnel shortages, and safety measures at distribution centers led to delays in the processing and delivery of packages.
3. Increased Online Shopping:
With many physical stores closed and consumers practicing social distancing, online shopping saw a significant surge. This surge in e-commerce put immense pressure on shipping companies that were already grappling with the challenges brought on by the pandemic. As a result, they struggled to cope with the increased demand, leading to longer delivery times.
4. Safety Precautions: Shipping companies and carriers had to implement strict safety measures to protect their workers and customers. This included sanitizing packages, contactless delivery, and maintaining social distancing. While these precautions were necessary, they contributed to longer shipping times.
5. Fluctuating Inventory: The uncertainty caused by the pandemic led to fluctuating inventory levels for many small businesses. Some experienced difficulty in securing products as suppliers faced delays in production or shipping. This inconsistency affected the availability of items and added to shipping delays when customers placed orders for products that were temporarily out of stock.
6. Overwhelmed Customer Service: Small businesses often faced an influx of customer inquiries related to shipping delays, causing strain on their customer service departments. Responding to these inquiries required additional time and resources.
7. Evolving Consumer Expectations: As the pandemic persisted, consumers' expectations regarding shipping times changed. They became more understanding of delays due to the extraordinary circumstances but continued to value transparent communication from businesses about shipping timelines.
In conclusion, the COVID-19 pandemic unleashed a wave of challenges for small businesses in the drop-shipping industry, resulting in delayed shipping times. However, these challenges also prompted resilience, adaptability, and innovation. Small businesses had to find creative solutions to address shipping delays, such as optimizing communication with customers and seeking alternative suppliers. As the world gradually recovers from the pandemic, it's clear that small businesses have learned valuable lessons in navigating adversity and continue to provide outstanding service to their customers.
1. My Shoes Featured in WIRED Magazine
Quarantine 2020
5. My Shoe Design Journey Part 2 with AliveShoes
After I did my research, concluded that AliveShoes was first a legitimate company that actually wanted me to design shoes and consider them as a supplier; I probably took way longer than most people before submitting my application to AliveShoes. Why? To be completely honest, I was hesitant. I was scared. I am kind of embarrassed to admit it, but I was afraid because I was thinking about everything that could go possibly go wrong instead of focusing on that 1% that could go right. To help myself and my own insecurities, I literally wrote down all of my fears. I made two columns. The left side was my fears and the right side was possible solutions. Even with my clothing line; Steel Wear and now as I continue working on my games, I take on the challenging and ambitious ones knowing that it scares me and makes me uncomfortable. Why? When you take on something challenging that’s seems scary; that’s how you grow. This is more than just making shoes for me. It’s a journey of growth, an ambitious journey of courage and finding strength in myself to researched. I weighed the pros and cons and wanted to digest as much information as possible before diving in.
Always thoroughly read their terms and conditions before applying for AliveShoes or any online business platform of such nature. Do this before submitting your application!
You have to reach a minimum of 7 pre-orders to send your shoes into production. Getting past the pre-order phase was the most difficult for me as well as many others. People have to understand that what they are paying for is quality that you just won't get with large retailers. If I have to choose, I would rather support a fellow designer as opposed to grabbing the latest Jordan's.
When you acquire 10 sales, you unlock the free PR Boos Service and increase your visibility.
Why 50 sales?
This is where vast majority of people didn't do their homework and check prior to signing up through AliveShoes. AliveShoes clearly stated on their website that your custom shoes are price between $149 and $279.
1.) Low Barrier to Entry
How much does it cost to start a shoe company? A shoe store's startup costs can be hefty! Expect to pay about $10,000 in initial franchising fees. Grand opening marketing can cost about $5,000 and initial inventory can cost as much as $50,000 for a smaller shop. When starting any business, you always have to consider the startup costs. The first question I ask myself before joining any platform is, “What sort of barriers will I encounter?” As an entrepreneur, I was shocked to discover that there was no startup cost when joining AliveShoes. This company essentially removes a great deal of barriers and gives the key to everyday people to unlock the gates into the footwear industry. We live in such an incredible time. For too long, the footwear industry has been filled with barriers, making it difficult, if not impossible for creatives, marketers, entrepreneurs, and influencers to launch a small fashion and lifestyle shoe brand. AliveShoes creates a new path for really anyone to design and produce great quality footwear.
I did like how this platforms allowed you to create your own shoe box design by uploading your own artwork and logos.
3.) Simple & Fast
Cons of AliveShoes
1.) A Fixed Profit
2.) Profit Deductions
3.) No Say in the Dictation of the Launch Price
4.) Platform Limitations
Instead of addressing the brand dilemma and fixing the issues of having identical shoes as others who signed-up through their platform, AliveShoes offers what they call Design Protection. With Design Protection, you essentially have to pay extra money just to have your color code and materials locked in so others could not use it or duplicate it.
8.) Can't Try Before You Buy
Finally, since AliveShoes is an online platform, customers cannot try on the shoes before they buy them, and they must rely on the sizing charts provided.
Tips That Helped Me Reach My Pre-Order Goal
1.) Live Below Your Means
I made the mistake of designing more than one shoe starting out instead of just focusing on simply one. Luckily I didn’t submit my first draft. Instead, I took screenshots because had I submitted them, I would have a lesser amount of shoes to design. So if you are reading this and starting out, focus on just one shoe and one design. The vast majority of people will immediately jump ship if you try to sell them 4 pairs of shoes that are close to $200. If you start out with several pairs, your designs can only stay in the draft stages for so long before going into pre-order. Starting out with more than one shoes also means you have less shoes to design long-term if you don't hit your pre-order goals. Again there were fees to relaunch a pre-order campaign if you don't reach 7 sales within 30 days. For this reason, I don’t recommend launching several expensive shoes at once. So I’ll be honest, I got lucky there.
Before all of this COVID-19 crap, starting out I and a few friends went door-to-door and on the college campus near us handing out flyers. It went horrible at first! Right out the gate all we heard was, “Those are so overpriced! I’m on a fixed income! I’m just a college student! Is this a scam?” You have to be prepared for this so that when you provide a counter-response along with an incentive, they now get excited and feel they can afford your shoes. People who don't normally buy leather shoes are going to immediately think your shoes are too expensive or out of their budget. By providing incentives, this not only makes your shoes affordable for them, but reasonable and earns you customer loyalty.
My Grand Idea: I asked myself, "What if people could play free games from my website, earn points and use those points to redeem discounts towards my luxury shoes?"
I needed to find a way to test my idea. My game project was nowhere near complete so I thought why not test my idea with games already out. I hosted a video game tournaments for players to win a gift card towards my shoes. I charged a small fee to players who wanted to enter into the tournament. I provided a gift card to first, second and third place and priced them accordingly. Just for participating, I surprised those who entered the tournament by giving away the coupon codes provided by AliveShoes and t-shirts with my shoe design on them to further help advertise and promote my shoes.
Marketing on social media is where I am struggling the most even with the incentives I've offered. It all comes back to earning people's trust. Putting yourself out there especially on the internet can seem scary. Contrary to the internet marketing gurus, in my own experience especially when I was just starting out, all I have to say is that it’s whack! People will constantly troll in an attempt to tear you down when marketing online.
Regarding the shoe soles, I should clarify that they are not made of hard plastic, as I initially thought. Instead, they are constructed from a durable and robust rubber material, which is further coated with a silver finish. My previous misconception about the soles being painted only on the sides was corrected when I realized that the entire bottom surface is painted. This could indeed make them less suitable for basketball surfaces, as they might become slippery.
It's essential to understand that AliveShoes is merely the supplier, and the ultimate success of this venture depends on the effort and dedication you put into your business. These shoes draw inspiration from iconic brands like Converse and Chuck Taylors, paying them the respect they deserve. However, what sets these shoes apart is the exceptional quality and design of their interiors. In the end, I believe that constructive criticism and open discussion can help us all learn and grow.
Marketing on social media can indeed be challenging, especially when people readily accept false information without seeking all the facts. Over time, I've come to realize the importance of not constantly feeling the need to explain myself. In situations with hundreds or even thousands of comments, expending energy on clarifications can be counterproductive.
It's worth noting that while some individuals may be busy complaining in the comments section, they may not realize that this time could be better spent on their own business endeavors, whether through AliveShoes or any other supplier. So, when we weigh the value of our time and efforts, it's essential to consider where our priorities lie and what truly constitutes a waste of time in the grand scheme of things.
I remember competing and my competitors felt like they had to disrespect me by televising it or making it in a way. People compete for jobs all the time. You shouldn’t have to compete to acquire skills but its okay to compete for a job. Sure there are things I didn’t agree with when signing with AliveShoes. However, it reflects badly on you in the end when you feel like you have to tear someone down on social media for personal gain.
Colleges are struggling to keep up with the pace and speed of the internet because the Internet can provide those same skills they are teaching at a fraction of the cost, if not for free. Colleges when I was enrolled at the time back in 2009 to 2012 did not teach social media marketing. That’s one of the many reasons why I left because I wanted to find people who are practitioners.
Target Audience
When I started spending more money on self development than clothes, shoes and partying, my life changed. Some people will buy a $200 pair of shoes but won't spend $200 to hire a photographer for their brand or spend $200 to learn copywriting from an expert. Money is just a tool that gives you options, so use it and treat it wisely. Nothing changes if nothing changes.
Remove Your Excuses & Ego
Secondly, the concept of a pyramid scheme doesn't apply here because the shoe market is diverse. People come in various shapes and sizes, including their feet. A significant challenge I encountered was potential customers who expressed interest in my shoes but couldn't buy them due to their need for wider-fitting options. Unfortunately, at that time, my product range didn't cater to these needs.
It's worth noting that many individuals entering the business world often seek shortcuts, instant gratification, or get-rich-quick schemes. However, the internet is saturated with self-proclaimed gurus and scams that prey on people's aspirations, selling them the illusion of grandeur and a lifestyle built on financial gain alone. This isn't the true essence of starting a business. The primary purpose of embarking on an entrepreneurial journey is to make a positive impact and help others. I firmly believed that by helping myself first, I could pave the way to assist others in the process.
Why are the shoes and products sold through AliveShoes so Expensive?
--"Why are they so expensive? They cost more than Jordan's!"
--"What makes these dhows so special?"
I was constantly belittled, cussed out and getting responses like...
--"Nobody is going to buy those!"
--"You aren't going to make sales through this platform!"
--"What makes your shoes so special?"
--"Those are so overpriced!"
--"You are trying to make shoes? Ha, its Jordan vs. Jordon!"
1.) Longevity & Italian Leather is not Mass Produced
Italian shoes have a reputation for being regarded as the best shoes in the world! From Italy's extensive history in leather tanning to its passion for shoe craftsmanship, Italian shoes are well-known for their handcrafted leather. Italian leather actually lasts 50% longer than regular leather. This specific leather is so highly regarded because of its quality. Only all natural vegetable and plant based extracts are used by craftsman to manufacture Italian leather. Because Italian leather is not massed produced, it takes much longer to make than traditional cheaper factory made alternatives.
2.) Saves Money
This is a shocker! Contrary to the vast majority of people on the internet saying these shoes are overpriced, you are actually saving your customers money through AliveShoes. I researched some of AliveShoes' competitors in Italy. Majority of their competition from Italy are selling their handcrafted Italian leather shoes for $400 or more! With that being said, many of them are dress shoes. You really have to do your homework with AliveShoes and see their competition. To name a few, google search Giuseppe Zanotti, Salvatore Ferragamo, Bontoni, and Enzo Bonafe. Initally, I was shocked by their prices but I learned you have to understand their customer base. Who are their clientele? A popular company called Koio, created by two people, visited 34 factories in Italy and found one to help them sell their shoes at a similar prices as AliveShoes. Their shoes are crafted with the finest calfskin leathers, hand-finished with incredible attention to detail. Because calfskin comes from a calf it has a tighter grain and fiber, and is both thinner and lighter than cow hide. The problem is, people didn't do their research and compared AliveShoes to most US shoe brands.
Don't Lower Your Price! Change Your Clientele!
--"Are you sure this is actually Real Italian leather?"
When your prices are set too low, it creates a situation where you must exert significantly more effort to achieve the same level of sales that someone else might accomplish in just one sale. This not only places a heavier burden on your business but also has several other noteworthy implications.
Increased Workload: Low prices mean you need to sell a higher volume of products or services to reach your revenue targets. Consequently, you'll find yourself working tirelessly to manage larger inventories, handle more customers, and fulfill additional orders. This can lead to burnout and increased stress.
Margin Compression: Lower prices often result in thinner profit margins. As a result, you might find it challenging to reinvest in your business, innovate, or maintain quality standards. In the long run, this can harm your business's sustainability.
Perceived Value: Customers may associate lower prices with lower quality, potentially damaging your brand's image. It can be challenging to convince potential customers that your offerings are of equal or superior quality when priced significantly lower than the competition.
Customer Expectations: Low prices can set the expectation of continuous discounts or deals. This can make it difficult to maintain a stable pricing strategy and may even lead to customers waiting for discounts before making a purchase.
Competitive Disadvantage: Competitors with higher prices might offer better service, quality, or features, making it challenging to compete on value. You might also be inadvertently signaling to potential customers that you lack confidence in your product or service.
Profitability and Sustainability: Long-term profitability and business sustainability can be jeopardized by a strategy of continuously undercutting prices. It may be difficult to cover operating costs, invest in growth, or weather economic downturns.
Customer Support Challenges: Handling a larger customer base can strain your customer support resources. Inadequate support can lead to customer dissatisfaction and harm your reputation.
It's crucial to find a pricing strategy that aligns with your business goals, considers the value you provide, and sustains your profitability. While competitive pricing can be an effective strategy, it should be balanced with maintaining the value of your products or services and ensuring your business remains viable in the long term.
If you really want to make your customer's shoes exclusive, offer to sign their shoe box or the inside tongue of their shoes.
Zoning Restrictions
Don’t Rely on One Source of Income. Now, it takes two or more incomes to do what 1 income did 30 years ago. We are literally living off old information. The beauty of entrepreneurship is the more you work at it, the more it grows. AliveShoes is just one source of income. You might be frustrated because your job refuses to give you a pay raise. So it's critical to invest in yourself. No one is coming to save you. No one is coming to give you a pay raise. I don't know who needs to hear this but the chances of you getting wealthy with one source of income is slim to none. You slim chances get even slimmer if you don't own the machine that pays you that income. If your single source of income is a business you own, you are in a better position than if your single source of income is a job you have. Own the machine!
Let's be honest, we all like what comes easy. Everything I've done with my business and my affiliation with AliveShoes has never been easy. What comes easy doesn't always gets us any closer to the happiness we are looing to find. Watching Netflix everyday after work is easy. Skipping the gym and eating comfort food is easy. Not working on your business and partying is easy. Spending all you money at the mall is easy. Gossiping about politics, sports and your old friends is easy. Easy doesn't pay well.
I started to see how my business slowly and maturely made a positive impact on the lives of my family, friends and those around me. I was able to help my friends living with me at the time acquire a place to live; a place they can call home had I never started Steel Cyclone Studios.