Legitimate Home Based Businesses

Archive for July, 2010

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Question: I have to write an industry analysis for a mock business but I can't figure out what the industry is. Help?

Its a retail business to consumer site. I thought that was the industry but he said no, there are different kinds. So, they sell fantasy things, like dragon and fairy figurines, jewelry, home decor, even some clothes. Its all fantasy based. Dragons and fairies and witches, things like that. I didn't see any fantasy retail NAICS codes so I just don't know anymore...

Answer: regardless of what it sells, the business is a web site? This might work:
Internet retail sales sites 454111 Electronic Shopping
Web retailers 454111 Electronic Shopping

Depending on how badly you need the answer, the NAICS website will send you the appropriate code on request, but it will cost about $10 dollars. http://www.naics.com/search.htm

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Question: Cupcake Business?

I love to bake cupcakes, and they prove to be a hit at my childrens parties and family gatherings.
I'd like to consider starting a business from home, baking and selling cupcakes.
Is there anyone who can give me any ideas as to how to start?
I live in Victoria, Melbourne Australia.
I know cupcake businesses are big in NSW, but only know of one in Melbourne - It's based in the Prahran market.
Thanks!

Answer: Keep doing that...for others parties and such....hook up with a very small catering company.

Also make custom cakes for folks to sell as fundraisers.

Dragons' Den: Series 6: Episode 2 - 2 of 6