Important Things You Should Know About Money Baking

So do you have all the skills to bake delicious and tasty cakes? Then you can shoot money. You can actually make a lot of money!

Check out the below guide to starting a baking business below:

Easy Ways to Make Money from Cakes

Make money baking Home cooking, especially baking cakes and cupcakes are very fashionable now. This is thanks to famous chefs and culinary projects like the Great British Back Off. People pay good money for high quality baking. You can also sell your food at parties, exhibitions and local food markets.

The beautiful thing about earning through baking is that it is straightforward, flexible and enjoyable. This is not something you usually do if you do not want to. But if you occasionally run out of money, there is an option. All you really need is some good cooking tips and a reasonable idea of ​​what people want to buy.

Getting Started – Where to Sell?

There are many places where you can sell cakes and other sweets.

Car boot sale

School Exhibitions

Online shop

Sold to local stores

Setting up your own shop

Note that location is important. Before you decide to do the baking in a real way, first find out what sells and where.

Exit a business plan

Implementing the basics of your business first will help you keep track of your budget. Running your own business can be exciting and rewarding, but also stressful and taxing. But if you follow our tips, your baking life will be much easier.

Start small and keep small costs

Don’t spend more than you should on your startup. A lot of big businesses start small, for example Laura Ashley started on her kitchen desk. M&S started with a marketplace and Tesco initially had only a couple of local grocery stores. Use your kitchen as your workspace before going anywhere big.

Don’t forget insurance because your home insurance is no longer valid if you work from home. This is something you should check with your current broker. You may need to upgrade your insurance.

Always set up a specific kind of bank account for your business. It does not need to be an expensive ‘business’ account, it can be a normal current account. With your current bank or other provider.

Focus on the cash flow

Starting a new business can be difficult, so any financial help can really make a difference. Do not assume that people will pay on time every time.

Instead:

Reduce your waiting time by accepting payment terms in the beginning.

Do not spend money now thinking that you will get money from your customers.

Plan your business expenses so that you do not create debt. So customers are not dependent on timely payments.

Have more than one revenue stream. That means doing a part-time job once you are installed.

If you have persistent problems with unpaid bills, consider joining a consortium of small businesses (about £ 200 per year) so you can use their legal assistance to evict your creditors.

Create a real business plan

According to some views, if you fail to plan, you plan to fail. Therefore, even if you set up a part-time job, it should give you a clear idea of ​​your monthly expenses and how much profit (or other income) you need to generate to keep going.

What your monthly sales should be is a factor in costs such as baking equipment, supplies, and delivery. Create a chart for yourself showing sales growth for the next 12 months. New customers.

It’s hard to guess, but the act of thinking about it will provide you with revenue goals and points to consider when running your business.

Networking is important

The more you go to work, the more work you get. You can meet people without leaving your home through the internet.

Join online networking groups and forums and start providing useful advice for areas directly related to your business. It raises your profile in a positive way. But don’t spend too much time on it, set aside a specific time per week and stick with it.

The simplest way to get business done again and again is to print some business cards. If you make cakes, you can advertise the fact that you bake to order for parties and events. Pop in local cafes and coffee shops (not chain outlets), hand over your card and find out your services. You can even give them a few samples. Never forget to have your business cards with you wherever you go. You can meet interesting and useful people everywhere.

Give people what they want

Don’t fail to talk blindly about what you want to produce. You need to know exactly what your potential and existing customers want to spend. Not only do you think they like it, it’s easy for you.

Talk to customers before you start a business and as a habit. Take them to lunch, pick their brains and enjoy listening to what they have to say.

Have a realistic view of what is being sold as your business develops. Is a side product or service more popular and takes less effort than the main offering? If so, try harder. Always try to be honest with yourself about what works and what doesn’t. If you have enough to pay the rent, you need to be honest very quickly about the success or failure of the products.

What Do You Need to Start With?

Food safety and hygiene

The first thing you need to do is review food safety standards. The law states that all food businesses must register their kitchens with their local authority if they do not operate on a “normal and limited” basis.

If you are selling a car boot sale or market once in a blue moon, you do not need to worry. However, if you plan to earn income this way, contact your local council and ask them what the rules are in your area. Laws vary depending on where you live. For example, in some places you only have to become a registered trader even if you only sell your food once every two months.

If you regularly sell groceries, you may have to take a course in food hygiene. You can do this online, which costs 15. The course is mostly general knowledge so it is easy to complete.

Work at your expense

If you want to do money packing, you need to make some basic expenses. It doesn’t have to be complicated. You should note:

How much does the goods cost?

Sale location fee if any (car start sale / farmer market fee)

Average cost of travel to location

The cost of food packaging (keep it simple to start with, Clingfilm does in some places)

Initial cost of food hygiene training (if you are planning a regular sale)

Price of Labels / General Stationery / Invoice Strips

The extra cost of gas or electricity for your stove

Once you understand how much of all this is, you can know how much you need to sell to make a profit.

As you do your research, you should keep in mind how much other stallholders sell their cakes and food. It provides a rough idea of ​​how much to expect to be charged.

You do not have to qualify to sell cakes, but there are hundreds of packing / cake decorating courses you can go to that will benefit the quality of your products.

Here are some of the ones we suggest:

https://confectionperfection.co.uk/

Home

http://www.gourmetcupcakes.co.uk/courses/

Finding the right place

Try a stall at a car boot sale first because it doesn’t cost much to set up. Find your nearest car dealership in Car boot junction. Once you have more installed, you can go for a little more price. Even if you have cracks in the car boot market, you can increase the number of cakes you take with you. Let your business grow like that.

To set up a stall at a farmer’s market, you need to find a local location. You can do this by searching the local food website for your nearest market. The website does not deal directly with the people who run the markets, so you can contact them through the details provided on the site.

Make sure you:

Allocate money to your upcoming tax bill.

If you can, talk to an accountant about how much to set aside for taxes.

However if you start, you do not have to pay VAT.

Keep a good record of your incoming and outgoing earnings, your receipts and other relevant information. Again if you talk to an accountant they will give you guidance on what files to keep, how to organize them and what to do to reduce your accounting bills.

Are Accountants Too Expensive? Although a good accountant is invaluable, you do not need one when you first start. Many people make their own accounts on paper or use an Excel spreadsheet.

How to Come Up With Ideas?

It’s a crowded market, so how do you make sure people like your cakes more than others?

The cake trade has been around longer than anyone can remember and the market has become more congested in recent years. It is important to create and sell products that people want to buy. Chances are someone already has the best butter cream filling or delicious frozen cupcakes. Go to your local car boot sale or farmers market and see which food stores are the busiest. If jam appears to be an ‘in-matter’ and there aren’t many stalls selling it, you’ve found your product: cakes filled with jam.

If you are in the car boot and there are no stalls selling food, it is good to see the people there. Do they want to buy market, luxury, homemade products or 10p fairy cakes? Make the kind of cakes and desserts you think can be easily sold.

You can ask your family and friends what they like. Try to ask a wide range of people and see if you come up with any consensus results. Also, talk to any cake vendors you see at exhibitions and markets, and ask them which cakes are selling the most.

Experiment

Once you have a good idea of ​​the people you are going to sell to, it is time for your product to be ordered. You need to come up with a range of different products to do this job. If you sell cake, try different methods, ingredients, flavors and fillings. Experiment with different recipes with desserts. You can try to focus on an area like chocolate, fudge or health food!

Get your friends and family to try out all your models and find out what are the most popular choices. They will be more than willing to help! In farmers’ markets, it is worth knowing that you are not likely to sell much if you do not use local, organic products. People who go to these events are looking for traditional home-made food, and one of the benefits of shopping for food at the farmer’s market is that you can ask the stallholder exactly where the food came from and how it was prepared.

Stallholders in farmers’ markets must be prepared to provide honest, reliable answers to customers. So factor in this more expensive ingredient.

Presentation

The presentation is important, especially if you are selling in a market place. Listen to your customers: Do they want to make ‘cheap and happy’ or luxurious looking home? The fun part is that some expensive jams and cakes have a ‘rustic look’: you may find yourself charging a lot especially for home-made products!

Packaging can greatly affect your sales. The ribbon is cheaper if you buy in bulk from a Haberdashery store, and you can clean any edges around your cakes. If you are selling jams, it is worth printing some fancy labels or spending some time on your own outfit. You can experiment with themed packaging on holidays like Easter and Christmas, and on holidays like Valentine’s Day and Halloween.

Whatever you use to compile your products, it is important to remember that you are handling the food. What this means is that you are limited to certain types of packaging depending on what food you are selling.

Creating Hampers

Everyone loves distractions – especially on special occasions or occasions like birthdays. Big stores like Harrods & M&S do a roaring trade on them – look at their obstacles to give you ideas about what yours is. Really disruptive is the least expensive and can be done at home with other items inside to reduce costs. However, the selling price can be as high as you would like, so this is a fantastic potential return if you get it right.

Seasonal Hampers

If you do them right, seasonal disruptions can be great sellers. Easter and Christmas are the best time to create seasonal distractions. Everyone loves a Santa shaped cake or Easter Bunny cookie. These are the best times of the year to sell

HAMPER PRESENTATION

It is important to remember that these obstacles or baskets are considered gifts. So they have to be as beautiful as possible. If a customer is surprised by the first hurdle you offer, they are less likely to buy back from you.

Only way to decorating baskets effectively and cheaply is to keep it simple. Place some shredded paper on the barrier to protect your items. Then arrange your items so they are all the same and the buyer sees.

If you want to add a little more luxury, you can tie a ribbon around the barrier. Or you can drop some foil chocolates to cover the empty space. Simplicity is important for decorating barriers.

To add to the Easter touches, arrange a few decorative buds to hang or a few false flowers. You can color the eggs and use them to add color to your basket. Add some tinsel and a few red or green bows at Christmas.

How Much Do You Charge?

To understand how to price your barriers, there are a few things you need to keep in mind.

The first and most obvious is how much it costs to do it. Prohibited items include the basket itself and decorations. Finally the costs for delivery, if appropriate.

The second cost is your time: How long does it take to disrupt? Include this in the costs, considering how much you would like to pay per hour.

Once you have a good idea of ​​how much it will cost to produce and distribute each in bulk, you can determine what price you are going to mark. Other factors to consider are the quality of your barriers, and what you consider to be market tolerant. Keep in mind that if the price is too high, customers will use one of your competitors, so be competitive without selling yourself short.

Seasonal Baking

Season cakes and cupcakes are also very popular. Going for the simplest, cheapest cake and biscuit recipes is the safest thing to do. Think sponge cakes, madeira’s, shortbread biscuits, gingerbread and the like. None of these cost much to produce. Although it costs a little extra for icing and decoration, you can still charge three or four times as much to make them.

Easter Cakes

At Easter you can offer baskets with cakes such as Simon Cake, Hot Cross Buns, Nest Cakes or Easter Biscuits. There are many recipes on the internet and cookbooks at your local bookstore, however Money Make recommends the BBC Food website for easy-to-follow hot cross buns, Easter biscuits and simmer cake recipes.

Visit CakeBaker.co.uk to learn how to make chocolate nest cakes. Here is another nice collection of Easter cake recipes.

Christmas Baking Ideas

Christmas cakes can come in different shapes and sizes. A snowman tops with a delicious layer of iced butter cream icing. Christmas tree with hundreds of thousands of green icing and decorations. Or something traditional like round fruit cake. The Fruit cakes are generally very seasonal, but they cost a lot to make. Can you make enough profit for them? Whichever way you choose to go, make sure you are original.

Biscuits are also great for Christmas. Use different Christmas molds to make your shortbread special. Get a cutter set and make biscuits in the shape of stars and snowflakes. With some colorful icing and some silver balls, you have created. Place your biscuits in a simple view through the bags with a beautiful ribbon so that they hang from the tree. This way they can act as a decoration and a delicious Christmas treat.

Birthday Cakes

Birthday cakes are great because there are birthdays for people all year round and if your price is right your demand for services is sure. People with birthday cakes usually ask in the form of a specific cake, a Spider-Man cake or a number.

Food coloring, icing options and this is a great time to build your portfolio, but if someone asks you something and you don’t think you can handle it, don’t take it because they give you their money. Make sure you have the ability to create what your customer asks for.

Special activities

There are many special occasions that you can use as an opportunity to offer your packing services; Baby showers, pension parties, graduations, weddings and more.

Always Remember to Have Fun

To run a business should be creative, satisfying and enjoyable. This is an opportunity to express yourself, meet interesting and creative people and make a lot of money. Not to mention creating a new life for you. So enjoy the process of being in business. Make the most of good times. Remember to celebrate when you get a big deal or finish hard work!

If you want to motivate you to start your own baking business, we have two real life case studies on how you can turn your hobby into a fully functioning money making business. Two case studies are self-taught bakers! See below:

Case Study: WHITNEY HURST – Lazy Day Cakes

Whitney Hurst started selling cakes in 2012 from her kitchen. Before she knew it she had a lot of orders, and decided to set up her own shop – Lazy Day Cakes. Recently she decided to sell to pursue her dream of becoming a midwife. Below Whitney tells about his success and experience selling cakes.

When and why did you start selling cakes?

In 2012 my spine was broken in a gym accident. After being in bed for several months and unable to work, I was finally able to get around my kitchen, and that’s when I started baking. I used to make my kids birthday cakes, but I started with cupcakes. I make 30+ a day and decided to build a website to see what happened. Surprisingly I got orders in a few days.

What was your first professional baking job?

I started by going to exhibitions and girls nights. Women have not realized for a long time that they like cakes, but they are very aware that they are a treat, so I came up with a new recipe that will reduce the fat content of cakes by 50% when things start to go mentally.

How can you go about promoting yourself in the wider community?

My only advertising form is Facebook. If the pictures I have a lot and a lot, that’s when the word started to spread. I was very lucky because not only did people like the look of the cakes but the taste was a hit. With cupcakes they are often beautiful, but the taste is not always up to scratch.

How much long did it take you to establish yourself?

It took 6 months of events like craft exhibitions before we started getting recognition.

Did you initially work from home and then go to a store?

I made cakes from home for 12 months at craft exhibitions, farmer’s markets and women’s nights. In June 2013, I opened the first store that had four tables and a service counter. I was still baking everything at home and taking cakes to the store every day. In October 2013, I went to a shop that was three times the size of an entire bakery and a very large cafe area.

Do you have any professional training?

No. I am completely self-taught.

How did you set yourself up from similar businesses around your area?

There were two similar local businesses. What differentiated us was that we had four kids who were very child friendly and wanted to come with the kids so they didn’t have to worry about messy kids. Our workshops and parties were reasonably priced because rental overheads were relatively low. The other business that just provided workshops was more expensive due to the city center location, another we did treats, while we both did, had a tear and were in a pretty weird craft center so a lot of people could do that while visiting us.

Why did you end up selling?

I wanted to pursue the desire to become a midwife and now that I have the support of my fiancee Ian, I decided to go to university. I decided to cheat the business, my courses were not possible, and closing the store was not really an option – considering how successful it was – I decided to sell.

Whitney’s advice for those who want to turn baking into a full-time career

My advice to anyone who wants to set up a cake business is to trust your abilities. It is very difficult to compete with supermarket prices, but they are packed if they are made of chemicals and machinery. Important thing to remember is that don’t sell yourself short, add how much the ingredients cost, how long it takes to make the cake and your time and minimum wage.

Case Study: TAREK MALOUF- The Hummingbird Bakery

TAREK MALOUF worked for ABC News in London before deciding to start a bakery business in 2002. Recent two years of research and cooking tips, his first bakery opened its doors to business in early 2004. Future plans for his success journey and expansion below TAREK.

When and why did you start selling cakes?

Before setting up The Hummingbird Bakery I had the idea of ​​setting up a bakery in early 2002. I met a cousin in North Carolina who took me to several traditional American bakeries that provided pies and homemade cakes. In these places the smell of fresh baking was amazing. At the time, my sister lived in New York, and every time I saw her we would go and eat a lot of cupcakes and traditional American goodies. The taste buds woke up and that’s when I realized I wanted to open my own bakery in London so people here can enjoy the true taste of American baking.

How can you go about promoting yourself in the wider community?

Our publication is not advertised in any way. I tried to choose a location for my first branch, which was inhabited by a large number of American foreigners, as well as by a large foot traffic. I thought if we could attract Americans who like the taste of home, we would start with a good customer base. It worked – the vast majority of our early customers were Americans – and after we opened the doors and let the smell of the new baking waffle out on the street, we quickly started selling cupcakes to everyone who walked by.

What was your first professional baking job?

Before I first opened The Hummingbird Bakery, I spent two years experimenting and refining countless recipes in my kitchen at home. Other than that, I have no real baking experience. I grew up with great appreciation for the joy of American baking, so I had a clear idea of ​​how I would like to taste the products of The Hummingbird Bakery. So really, my first professional baking job was at my Notting Hill branch.

How much long did it take you to establish yourself?

Before I opened my first bakery, I made two private cake commissions for friends, but this never started in any way – I just wanted to go straight to High Street. Once the doors of my first branch were fitted, fitted, and opened, the business was established very quickly. Within a few weeks of launch, we were baking delicious cakes and the business started to grow fast.

Do you have any professional training?

I have no professional training in baking other than what I have gained from working in my own bakery.

How did you set yourself up from similar businesses around your area?

Initially we were lucky enough to get the business off the ground without real competitors – nowhere else in London specializing in quality American baking. Of course, as soon as the cupcakes were caught, other cupcake bakeries popped up quickly. We are always differentiating the quality and reliability of our products. Another thing we do is shoot on site at each of our branches throughout the day to ensure the complete freshness of our products. We offer only quality ingredients – real butter, preservatives from jam and diphtheria, free-range British eggs, cream cheese from Philadelphia and more.

What is the future?

I plan to grow the business in the UK by opening more branches in and around London. I also see opportunities to open branches in other UK cities. We have owner partners in the Middle East who have already opened three Hummingbird Bakery branches in Dubai.

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