What equiptment do i need to start home photography?

Hi there,
i am an amerture photographer and i use a Nikon D40 SLR camera. I was just wondering what equiptment I would need for a home photography business. I have been looking at these umberallas etc but have never used them before and am unsure if that is what I need. Am looking at doing baby and kids photography.
Thanks!! :)
here is the link to what i am looking at getting. or something from their range (just what one do i need?)

http://www.ebay.com.au/itm/Fotogenic-Studio-Lighitng-Kit-Lights-stand-Muslin-/260708518915?pt=AU_Cameras_Photographic_Accessories&hash=item3cb3704c03#ht_2728wt_1344

or instead of umberallas should I get softboxes instead? whats better?



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