How to Start A Home Baking Business That Customers Can't Resist

5 factors that influence water heater costSo...you've been wondering how you should start a home baking business that
will make your customers go absolutely bananas. Here's a clue: It begins
with mixing a dose of strategy with a whole lot of passion.

Everybody Loves Fresh Baked Goodies

When you begin to thinking about how you can start your own home baking business, take comfort in knowing that everybody loves freshly baked cookies and other baked goods.

It reminds them of childhood and it can be extremely comforting. So if you have a talent for baking, it would certainly make sense to turn it into a business idea.

But do you know how to start a home baking business and can you turn your baking into bestselling products?

...But Not Everybody Has The Time To Bake Their Own Goodies

When looking into small business ideas, you may come across home baking.

Plenty of people like to eat freshly baked food, but unfortunately, not many people actually like or have the time to bake themselves.

This is where a home baking business would come in extremely handy.

So…How Do You Start Your Home Baking Business? Where Do You Start?

First You Must Determine Which Cluster Of People Will Benefit Greatly From Your Business.

Though it’s true that everybody loves fresh baked goodies, not everybody is searching for the same product.

Your first step in deciding how you will start your home baking business is to focus your efforts on deciding which niched cluster of people your business will serve.

Making This Choice Upfront Will Save You Lots Of Time And Energy By Helping You To Target Your Marketing Efforts

Remember, your business does not exist to serve everybody - it only exists to make the lives of a specific subset of people better. The quicker you come to grips with this reality, the better your chances are for business survival.

When you are thinking about how to start your home baking business, you have to know why and for whom your business exists.

Your business has to have a purpose and be centered on making a difference in the lives of a niched cluster of people who you hope will go absolutely crazy about what you bring to the world.

Second, You Need To Look At Your Competition

Now, when looking at how to start your own home baking business, research is one of the most important things which you should consider.

All small business ideas need to be thoroughly researched and baking businesses are no different. You need to figure out how your target market is getting their needs met right now.
  • Who else is serving your target market's needs?
  • What are they charging?
  • What is their quality like?
  • Is your target market satisfied with their product choices?
  • Is your target market open to finding another business - preferably yours - to meet their needs?

Third, You Need To Pay Attention To Pricing

You will need to look at the competition and determine whether the prices you want to charge are reasonable.

Due to the fact that you are providing people with freshly prepared homemade products, you should be able to get away with charging a little more than usual. So keep that in mind when you are doing your research.

Then You Can Begin To Determine What It Will Cost You To Serve This Sector Of People

You need to make a list of your favorite recipes and write down the ingredients needed and the approximate cost to make whatever it is.

Pricing Step One - Determine The Individual Costs Of What You Need To Fulfill An Order

For example, your cake needs flour, eggs, flavorings and equipment such as a rolling pin and cake pans.

Pricing Step Two - Add Up All The Costs - Both Direct And Indirect - That Goes Into Making Each Cake

In our example, this includes each of the ingredients listed above PLUS the cost for replacing a cake pan or two -- oh, and don't forget to add in the cost of electricity and the cost for the hour of child care you must pay.

So for the sake of this example, let's say that your total cost equals $15 for every cake that you make - and that you make ten cakes per day, which means that your cost = $150/day.

Pricing Step Three - Determine What You Will Need To Charge To Make Your Desired Profit

Let's just say that in this example your plan is to make $1000 in income a week.

You figure that you can make ten cakes a day, and you work in your business 5 days/week, thus you plan to make 50 cakes in a week.

To make your profit of $1000, you will have to charge $35/cake. Look at the math below:
  • $35 * 50 cakes = $1750 cash in.
  • $15 * 50 cakes = $ 750 cash out.
  • Profit = Cash In - Cash Out = $1750 - $750 = $1000 profit/week.
Now, obviously, this is just an example and you will need to work out the price of everything you would be making and the price you would charge per item.

When Looking At How To Start A Home Baking Business With Success, Keep The Following In Mind

Your home baking business success hinges on properly researching your market, getting the right equipment, and charging the right prices.

Focus Your Efforts On The Three Keys To Success For Your Home Baking Business

All small business ideas take a little time to set up and can seem slightly complicated, but a home baking business is definitely a worthwhile idea.

So...if you are looking into how to start your own home baking business, do not let anything get in your way. Here are a few crucial pointers that you need to consider when you start your home baking business.

Success Factor One: Focus Your Efforts On Creating A Home Baked Goodie That Is Both Craveable And Raveable

Your business will grow fast if they can get customers to rave about your wares.

If you have a few goodies to choose from, then bake variety of goodies and have a home tasting party where you invite members of your target market to drop by and try it for free. This will give them a chance to test your product first-hand.

Success Factor Two: When Contemplating How To Start A Home Baking Business, It Is Crucial That You Price Your Products Just Right.

You need to know the true costs of the supplies, your time, and how many yum-yums you can make in a week.

Your price has to cover your supplies and time and give you enough left over to bring income flow into your home.

Be consistent with your pricing and know when you have reached your order limit.

As customers spread the word, your business will begin to grow. Don’t shortcut yourself or your customers by sacrificing your quality by growing too big and too fast.

Success Factor Three: When You Are Thinking Through All The Details Of How You Will Start Your Home Baking Business, Focus On How You Will Allocate Your Time.

It is imperative that you find a way to maintain a healthy work schedule and a healthy business-life balance. Practice knowing your limits and build your business in such a way that it works for you, your family, and your customer demand.

For instance, at some point you will hit your max, the point at which you can’t keep the pace of your orders.

When that time comes, consider safeguarding your business by starting a waiting list or increasing your prices just a bit.

This will help moderate your incoming orders. Also, as your business continues to grow, begin to evaluate how to manage that growth.

Tips From The Trenches - Share/Read Home Baking Business Tips Here

  • Have you tried - successfully (or unsuccessfully) - to start a home baking of your own?

  • Or...do you have any words of advice for those entrepreneurs who are looking get a home based baking business off the ground?

Enter The Title Of Your Home Baking Business Story

Read What Other Visitors Have Said

  • Click on the links to read what others have said about what it REALLY takes to start a successful (and profitable) home-based baking business.

  • They were all written by other visitors to this page.


Don't Let People Stop you 
How I Got Started With My Own Baking Business

I learned to bake 13 years ago, after I a painful life event. I learned just to take my mind off the …...

Our Home Based Baking Business Started As A Joke To Provide A Local Restaurant With The Best Darn Key Lime Pie Ever  
Though Our Home Based Baking Business Was Short-Lived, It Provided A Nice Income Our home baking business was short lived, the experience was so 'sweet' …...

My Home Based Baking Business Really Took Off Once I Decided To Create A Small Business Website For It 
I Started My Home Baking Business In 2008 I was working full time as a reporter and needed some money on the side. I LOVE baking so I decided to turn …...

While I Love Starting My Own Home Baking Business, But The Success I'm Facing Means That I Deal With Burn Out Or Hire An Assistant  
My Home Baking Cheesecake Business Has Become A Very Successful Home Business Opportunity I originally started my own home baking business due to my …...

8 Tips For Those Looking For A Business To Start From Home And Thinking Of Starting Their Own Home Baking Business 
The Reason I Started Looking For A Business TO Start From Home Was Because I Got Tired Of Working For Other People I started my own home baking business …...

My Home Based Business Start Up Home Baking Business Was Started Out Of Sheer Need 
My Home Based Business Start Up Idea To Start My Own Home Based Baking Business Came About Because I Saw A Need And Decided To Fill It Having your own …...

As A Student, Starting Home Baking Business Worked Well For Me 
For Me, Starting A Small Home Business Came Out Of Necessity

To be perfectly honest cooking or baking was not something I was especially good at. …...

I Started My Home Based Baking Business Because I Craved Good Ol' Fashioned Baked Goodies 
Starting A Business From Home Worked Really Well For My Home Baking Business

Baking has been in my family for years, my father and grandfather were …...

Starting A Home Baking Business Wasn't Easy For Me - But It Was Well Worth It 
Ever Since I Was A Child, I Wanted To Create My Own Business

As I got older, the dream slowly faded because of grades in school and lack of experience …...

Making Money In A Home Based Business Requires That You Seek Out Where The Opportunities Are 
Many Years Ago When I Decided To Start My Own Home Baking Business I Had No Idea What I Was Getting Myself Into

Many years ago when I decided to start …...

Home Baking Business Is An Affordable Home Based Business Opportunity - Just Make Sure You Check Into The Legalities 
Why I Think A Home Bakery Business Makes Sense

A home baking business an awfully affordable home based business opportunity and can be a great way …...

Click here to write your own.

Here's To Your Success With Starting A HomeBased Baking Business That Customers Crave!

P.S. Here's A Few More Tips To Make Homebased Baking Business A Success...

 

Why It's Important To Find A Commercial Kitchen For Rent Before You Start Your Home Baking Business

 
 

4 Essential Steps To Starting A Home Bakery Business That Thrives

 
 

6 Essential Home Baking Business Pricing Tips

 
 

How To Deal With The Legalities When Starting A HomeBased Baking Business

 

 

 

Home





Top Small Business Ideas

Getting Started

Business Advice

About

Bookmark and Share



Start Your BizPassion Kickstart Course NOW!

And (Finally) Bring Your Business To Life

We respect your email privacy

Email Marketing by AWeber