by Brenda
(Florida)
If your are planning on making money with your home based business, then look for the opportunities and find a way to get the word out about your new business.
Many years ago when I decided to start my own home baking business I had no idea what I was getting myself into.
My job at the time had been outsourced to a factory in Asia that specialized in selling gift baskets.
After my termination I was suddenly responsible for a pile of bills that increased the longer I was out of work.
One day I was sitting in the park sad about the state of my affairs.
An ice-cream truck came into view where I sat.
It was then that I realized the smart way to make money was to sell something that everyone needed.
I talked with everyone I knew to find out what their favorite baked good recipes were.
I got really great feedback. And so I started figuring out which baked goodies would translate the best into a money making home based business.
My home based business started with a lot uncertainty - I just wasn't so sure about how to steer my business towards success.
One of the most important things to remember when determining the pricing for your home baking business is that at the end of the month net profit must exceed operating cost.
In order for any home baking business to function properly it must find a way to acquire raw baked goods at a price that is lower than the cost its customers are willing to pay for finished cakes.
It will be necessary for you to advertise your business if you want to sell as many cakes as possible.
One way I like to spread word about my business is to make sure everyone I do business with has a special card that I have printed my name on.
Whenever I see one of my returning customers I let them know that if they like my business they can receive discounts on their purchases for agreeing to show my card to other people.
When deciding upon the cost of your baked goods you must remember to add the cost of advertising with the cost of materials in order to make sure you have net profit.
If you work hard to meet your customers needs by featuring local specialty deserts, maintaining steady prices, and having discounts on outdated food then you can ensure your home baking business will be a success.
I've been in business for two years now, so my advice to you is to find a way to start a way making money from home based business based on something that has customer demand and something that you will enjoy doing.