How To Make Money Making Cakes From Home

Reading Time: 16 mins

So you have all the skills to bake delicious and tasty cakes? If and then then you could make money baking. You could actually make quite a lot of money blistering!

Have a expect at our guide for starting up a baking business beneath:

Make coin from cakes
Where to sell your cakes
Devising a business organization plan
Equipment you lot need
Getting inspiration
Creating hampers
How much should you accuse?
Seasonal baking
Take fun with it!
Instance written report: Lazy Twenty-four hours Cakes
Instance study: Hummingbird Bakery

How to make coin from cakes

Domicile cooking, particularly blistering cakes and cupcakes, is very fashionable correct at present. This is thanks to celebrity chefs and cooking programmes like the Great British Broil Off. People volition pay skillful coin for high quality baking. You tin sell your food at parties, fairs, and even at local food markets.

The cute matter nigh earning by baking is that it's straightforward, flexible and enjoyable. It isn't something that y'all necessarily have to do on a regular basis if you lot don't desire to. But if you're e'er short on greenbacks, the pick is there. All you'll really need is a few good recipes and a reasonable thought of what people want to buy.

Getting started – Where to sell?

There are many places that y'all can sell cakes and other sweet products.

Automobile boot auction
Schoolhouse fairs
Online shop
Selling to local stores
Setting up your ain shop

Remember location is important. Before you decide to make a real become of baking, outset discover out what sells and where.

Working out a business plan

Working out the basics of your business first volition hopefully assistance yous keep on track with your budget. Running your own business organisation can heady and rewarding but too stressful and taxing. But if yous follow our tips, you'll observe your baking life will be made much easier.

Get-go small and continue costs depression

Don't spend any more than you have to on your starting time-up. Lots of large businesses start minor, for example Laura Ashley began on her kitchen tabular array. M&Southward started with a market stall and Tesco was just a couple of local grocer's shops at the start. Consider using your kitchen every bit your workplace before moving somewhere bigger.

Don't forget insurance, as your household insurance may no longer exist valid if you're working from dwelling. This is something you'll need to bank check with your electric current broker. You may need to upgrade your insurance.

Set upward a split banking company account for your business concern. It doesn't need to be an expensive 'business' account, it can be an ordinary current account. Either with your current banking company or with a different provider.

Pay attending to cashflow

Starting upward a new business tin be hard, and so any assist financially can really make the difference. Don't presume that people will pay on time every time.

Instead:

Cutting downwards your waiting time by getting them to agree payment terms at the start.
Don't spend money now assuming that you lot'll receive payment from your clients.
Plan your concern expenditure and so that you are not creating debt. And therefore not dependent upon customers paying on time.
Have more than 1 income stream. Even if that means doing a office-time chore while you get established.
If you lot're having consistent issues with unpaid bills so consider joining the Federation of Minor Businesses (around £200 a year) so that you lot can use their legal assistance to hunt your debtors.

Create a realistic business plan

As the maxim goes; If you fail to programme, you programme to fail. Therefore, fifty-fifty if you're just setting up as a role-timer you need to requite yourself a clear thought of your monthly costs and how much profit (or other income) you must generate to keep going.

Work out what your monthly sales need to be, factoring in costs like baking equipment, ingredients, delivery etc. Make yourself a chart for the adjacent 12 months showing the growth in sales you lot can realistically generate and be clear on how you'll generate those new customers.

Information technology'southward a tough thing to guess but simply the activeness of thinking it through will provide you with earnings goals and points to consider as you run your business concern.

Networking is vital

The more you lot're out touting for piece of work the more than work you're likely get. With the internet it'south possible to meet people without leaving your abode.

Join online networking groups and forums and outset giving useful advice on areas straight relevant to your business. This raises your profile in a positive style. Just don't spend too much time on it, allocate a certain amount of time a week and stick to that.

A simple way to get some repeat business is to get some business cards printed. If you're making cakes, you could so advertise the fact that you lot bake to order for parties and events. Pop into local cafés and coffee shops (not the chain outlets), hand them your menu and make your services known. Maybe fifty-fifty provide them with a few samples. Brand sure you take your business cards wherever you go. Yous can see interesting and potentially useful people anywhere.

Give people what they want

Don't make the fault of being blinkered about what you want to produce and sell. You have to be very aware of what your potential and existing customers want to spend money on. Not only what you think they want because it'south easier for you.

Speak to potential customers, both before you start up the business organization and every bit an ongoing habit. Take them to lunch, option their brains, ask them what they want and savour.

Keep a realistic perspective of what'due south selling as your business develops. Is there a sideline product or service that's very pop and takes less endeavour than the main offering? If so, focus more try on it. Be honest with yourself near what works, what doesn't. If you have to make enough to pay the hire, then you demand to be brutally honest about the success or failure of products pretty quickly.

What do you need to starting time

Nutrient safe and hygiene

The first affair you should do is enquiry the nutrient safety standards. Legislation says that all food businesses must register their kitchens with their local authority unless they operate on a "casual and limited" footing.

If you're simply selling once in a blue moon at a car boot sale or market place and then you don't demand to worry. However, if you are planning on making an income in 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 volition need to become a registered trader, even if you only sell your food once every couple of months.

Be aware that if you're regularly selling food produce, you may need to need to take a course in food hygiene. Y'all can do this over the net and information technology'll cost you effectually £xv. The grade is mostly just mutual sense and then it's reasonably easy to consummate.

Work out your costs

If you desire to brand coin baking, you lot need to do some bones costings. It doesn't have to be complicated. You'll need to accept into consideration:

How much ingredients toll
Toll of the sale location fee (car boot sale/farmers marketplace fee) if there is 1
Average cost of travel to the location
Toll of the food packaging (keep information technology simple to get-go with, clingfilm volition do in some places)
Initial cost of nutrient hygiene training (if you're planning on regular sales)
Cost of labels/general stationery/invoicing pads
Extra cost of gas or electricity for your oven

Once you've worked out how much all of this is, yous should exist able to piece of work out how much you'll need to sell to make a turn a profit.

While you do your research, yous should be taking note of how much other stallholders sell their cakes and foods for. This gives you a crude idea of how much yous can reasonably expect to accuse.

You don't have to exist qualified to sell cakes, but in that location are hundreds of blistering/block decorating courses y'all can go on which are likely to benefit the quality of your products.

Hither are a few we recommend:

https://confectionperfection.co.uk/
http://world wide web.bluedoorbakery.co.uk/

Finding the correct Location

Try out a stall at a auto boot auction kickoff, because it won't cost much to ready up. Y'all can find your nearest car kick auction on Carbootjunction. One time you're more established, yous might consider going a trivial more upmarket. Although if you have cracked the car kicking market place, you could also simply increase the number of cakes y'all take with you. Letting your business grow that way.

To set up a stall at a farmers' market, you lot demand to observe one local to yous. You can do this by searching the Local Foods website for your nearest market. The website doesn't deal directly with the people who run the markets so you can contact them via the details they provide on the site.

Continue on top of your finances

Make sure you:

Put money aside for your forthcoming tax bill.
If y'all can, speak to an accountant virtually how much you should put aside for tax.
However if you're just starting up, you probably won't take to pay VAT.
Keep good records of your incoming and approachable revenues, your receipts and other related information. Again if y'all speak to an auditor they will give you guidance on what files to keep, how to organize them and what to exercise to keep your accountancy bills down.
Accountants too expensive? Though a good accountant is invaluable, you lot don't necessarily demand one when you're start starting out. Enough of people do their own accounts on paper or using an Excel spreadsheet.

How to come up upwards with ideas

Information technology'southward a crowded marketplace so how do yous make sure people want your cakes rather than other people's?

The cake business organization has been around for longer than anyone can retrieve and in recent years the marketplace has become very crowded. It's important that y'all create and sell things people will want to purchase. Chances are somebody will already take the best butter cream filling or the tastiest frosted cupcakes. How are you going to make sure y'all stand up out from your competitors? Call back outside the box. Take a trip to your local motorcar boot sale or farmers' market and await for which food stalls are the busiest. If information technology seems like jam is the 'in-thing' and there aren't that many stalls that sell information technology, you've establish your product: jam filled cakes.

If you lot're at a car boot and there aren't any stalls selling food then it's a adept idea to take a look at the people that are there. Are they the sort who would prefer to buy upmarket, fancy, bootleg produce or a couple of 10p fairy cakes to nibble on? Make the kind of cakes and sweets you lot think you could sell easily.

Yous can likewise ask your family unit and friends what they'd like. Endeavour to inquire a wide range of people and meet if y'all come up out with any unanimous decisions. Too, speak to any block sellers you run across at fairs and markets and ask them which cakes sell best.

Experiment

Once y'all've got a good thought of the kind of people y'all're going to be selling to, it's time to get your production sorted. You lot'll need to come up with a range of different products to make this piece of work. If yous're selling block, try out dissimilar methods, ingredients, flavours and fillings. With sweets examination out different recipes. You could try focusing on i area, similar chocolate, fudge or maybe fifty-fifty health food!

Get your friends and family to try all your samples out and notice out which are the virtually pop choices. They'll likely be more than willing to assistance! It's worth knowing that at farmers' markets, you're not likely to sell much unless you use local, organic ingredients. People who become to these events look for traditional homemade foods and one of the pros of shopping for food at a farmers' market is that you're able to enquire the stallholder precisely where the nutrient is from and how it was made.

Stallholders at farmers' markets should be prepared to give honest, credible answers to customers. So factor these more expensive ingredients into your upkeep. Retrieve that people are usually willing to pay for high quality.

Presentation

Presentation is important, peculiarly if you sell at an upmarket venue. Consider your customers: are they going to want something 'inexpensive and cheerful', or posh-looking bootleg produce? Funnily plenty, some of the more than expensive jams and cakes have 'the rustic look': you could detect yourself charging a lot for produce which looks especially homely!

Packaging tin can affect your sales in a big way. Ribbon is cheap if you purchase in majority from a haberdashery store, and tin neaten up any edges around your cakes. If you're selling jams information technology's worth getting some fancy labels printed, or spending some time decorating your own. You lot could experiment with themed packaging around holidays like Easter and Christmas, and for days like Valentine's Day and Halloweeen

Whatever you lot use to package your products, it'due south important to call up that you lot're dealing with food. This means that yous are limited to sure types of packaging depending on what food you're selling.

Creating Hampers

Everyone loves hampers – particularly at special seasons or occasions like birthdays. Big stores like Harrods andM&S do a roaring trade in them – have a wait at their hampers to give yourself ideas of what to put in yours. Actually making the hamper can cost very little and the goodies within tin can exist made at home to bring downwards costs. Notwithstanding, the selling price can be as high equally you like, so this is an amazing potential earner if yous get it right.

Seasonal hampers

Seasonal hampers can be all-time sellers if yous do them right. Easter and Christmas will be the best time to make seasonal hampers. Everyone likes a Santa shaped cake or Easter bunny cookie. These are the best time of twelvemonth to sell

Hamper presentation

It's important to remember that these hampers or baskets are meant as gifts. Then they should look as gorgeous every bit possible. If a customer is wowed past the first hamper you supply, they are far less likely to buy from you lot once more.

The central to decorating baskets finer and cheaply is to keep it uncomplicated. Place some shredded paper in the bottom of the hamper to protect your appurtenances. Then arrange your items and then they're all facing the aforementioned way, looking upwardly at the buyer.

If you want to add a lilliputian more luxury yous could tie a ribbon right around the hamper. Or you could drop a few foiled chocolates to cover empty infinite. Simplicity is the cardinal for decoration of hampers.

To add touches of Easter adjust a few ornamentation chicks in the hamper or a few faux flowers. Y'all could as well paint eggs and employ them to add colour to your basket. At Christmas add some tinsel and a few red or dark-green bow.

How much should you charge?

To work out how to price your hamper, at that place are a few things yous need to take into consideration.

The first and most obvious is how much it costs to make. This includes the items within the hamper, the basket itself, the decorations. And finally the costs for the delivery, if relevant.

The second cost is your time: how long does information technology take to make a hamper? Consider how much you would like to pay yourself an 60 minutes and incorporate this into the costs.

In one case yous have a good idea of how much each hamper costs to make and distribute in total, you tin make up one's mind how much you lot are going to mark the toll upwardly. Other factors to consider are the quality of your hamper, and what you think the marketplace volition bear. Recall that if the toll is too high then customers will use ane of your rivals, and so exist competitive without selling yourself brusk.

For more ideas nearly how to present and sell hampers see our commodity hither.

Seasonal baking

Season cakes and cupcakes are also very popular. The safest thing is to get for very simple, inexpensive block and beige recipes that you lot can decorate to expect actually special. Call up nearly sponge cakes, madeiras, shortbread biscuits, gingerbread etc. None of these cost besides much to brand. With a picayune extra spent on the icing and ornamentation, though, you could accuse three or iv times the cost of making them.

Easter cakes

At Easter you can offer baskets with cakes such every bit simnel cake, hot cross buns, nest cakes or Easter biscuits. There are many recipes on the internet and in cook books available at your local book shop, nonetheless Moneymagpie recommend the BBC Nutrient website for easy-to-follow hot cross bun, Easter biscuit and simnel cake recipes.

To notice out how to make chocolate nest cakes visit cakebaker.co.united kingdom. Another particularly expert drove of Easter cake recipes can be found hither.

Christmas baking ideas

Christmas cakes tin can come up in all different shapes and sizes. A Snowman topped with a delicious layer of snowy buttercream icing. A Christmas tree with green icing and hundred and thousands for decorations. Or something more traditional like a rounded fruit block. Fruit cakes are very seasonal but they cost a lot to brand. Volition you be able to make plenty of a turn a profit on them? Whichever way you choose to get make certain you're original.

Biscuits are likewise great for Christmas. Use moulds of different Christmas shapes to make your shortbread look special. Get one a cutter set and brand biscuits in the shape of stars and snowflakes. Add some colourful icing and a few silverish balls and you're made. Put your biscuits in a elementary encounter through bags with a nice ribbon and then they can hang from the tree. This mode they tin can act every bit a decoration as well as a tasty Christmas care for.

Birthday cakes

Birthday cakes are keen because people take birthdays all year round so there is sure to be a demand for your services if your price is right. With Altogether cakes people will usually ask for a specific cake, maybe a Spider-Human being cake or in the shape of a number.

This is a great time to experiment with food colouring, icing options and build up your portfolio, just if someone asks for something you don't think yous can handle don't have information technology on just because they are offering you their money. Make sure you have the skills to create what your customer is request for.

Special occasions

There are and then many special occasions that could be used as an opportunity to offer your baking services; baby showers, retirement parties, graduations, weddings and many more than.

Finally, retrieve to accept fun…

Running a business should be creative, satisfying and enjoyable. It's a gamble to express yourself, meet interesting and creative people, potentially make a lot of coin. Non to mention creating a whole new life for yourself. So savour the process of beingness in business concern. And make the about of the good times. When yous get a big contract or when yous complete a difficult chore retrieve to celebrate!

To inspire yous to go started with your baking business we have ii real life case studies of how y'all can turn your hobby into a fully operation money making business. Both example studies were self-taught bakers! See below:

Case study: Whitney Hurst – Lazy Day Cakes

Whitney Hurst started selling cakes from her kitchen in 2012. Before she knew information technology she had a load of orders and decided to set up her ain shop – Lazy Twenty-four hour period Cakes. Recently she decided to sell upward to pursue her dream of becoming a midwife. Beneath Whitney tells us about her success and feel of selling cakes.

When and why did you lot starting time selling cakes?

In 2012 I fractured my spine in a gym blow. After months being bed bound and unable to piece of work I was finally able to shuffle circular my kitchen and that'south when I started baking. I had made my kids birthday cakes in the by but I got started on cupcakes. I was making 30+ a twenty-four hours and that'south when I decided to brand a website to run across what happened. Amazingly within a few days I had orders.

What was your get-go professional person baking job?

I started past going to arts and crafts fairs and ladies nights. It didn't take long realise that ladies honey cakes but also are very witting of them being a treat then I came up with a new recipe that reduced the fat content if the cakes by 50% that'south when things started to go mental.

How did you become near promoting yourself in the wider community?

My only form of advertising was Facebook. I but put upward lots and lots if pictures and that's when the word started to spread. I was very lucky considering people not only liked the expect of the cakes merely the taste was a win too. Quite often with cupcakes they expect great just the taste isn't always up to scratch.

How long did it have to get yous established?

It took probably 6 months of events such every bit craft fairs before nosotros started getting recognised.

Did you initially work from home and and so go on to get a shop?

I did the cakes from home for 12 months doing the arts and crafts fairs, farmers markets and ladies nights. In June 2013 I opened the first store where I had but four tables and a serving counter. I was still baking everything at home and transporting the cakes to the shop daily. In October 2013 I moved into a shop three times the size where I had a total bakery and a much larger cafe area.

Did you take whatsoever professional training?

No. I am totally self-taught.

How did you prepare yourself apart from similar businesses effectually your expanse?

There was ii other local business that were similar. What made usa different was that having four kids nosotros were so child friendly that people with kids wanted to come up just so that they didn't have to worry about messy children. Our workshops and parties were priced reasonably because the rent overheads were relatively low. The other business that offered just workshops, were really expensive considering of a metropolis centre location and the other just did parties whereas we did both and had a tearoom and was on a beautiful quaint craft center so in that location was so much people could practise when visiting the states.

Why did you end up selling?

I wanted to pursue my passion of becoming a midwife and at present that I have the support from my fiancée Ian, to go dorsum to University I decided to enrol. I decided juggling the concern and my studies wasn't a possibility and closing the shop wasn't really an option – considering how successful it was – then I decided to sell.

Whitney's advice to those wanting to make baking a full time career…

My advice to anyone wanting to prepare a cake business is trust your abilities. Information technology's very difficult to compete with supermarket prices only they're full if chemicals and made in machines. Don't sell yourself brusque, work out how much the ingredients cost, how long information technology'll take you to make the cake and add your time and at to the lowest degree minimum wage.

Case study: Tarek Malouf – The Hummingbird Baker

Tarek Malouf was working at ABC News in London before deciding to offset a bakery concern in 2002. Following two years of researching and testing recipes, his first bakery opened its doors for business concern in early 2004. Below Tarek tells us virtually his journeying to success and future plans for expansion.

When and why did you lot showtime selling cakes?

Before setting up The Hummingbird Bakery I The idea of setting upwards a bakery came to me in early on 2002. I was visiting a relative in Northward Carolina who took me to several traditional American bakeries that served pies and home fabricated cakes. The odour of fresh baking in these places was amazing. During that time, my sister was living in New York, and we used to go and eat lots of cupcakes and traditional American goodies every time I'd visit her. Taste buds awoken, it was then that I realised I wanted to open my ain bakery in London so that people here could savor the authentic taste of American baking.

How did you become about promoting yourself in the wider community?

Our launch was not promoted in whatever way. I tried to choose a location for my start branch that had plenty of American expats living close by, as well as a lot of passing pes traffic. I thought that if we could concenter the Americans wanting a gustation of dwelling, and so we'd start off with a decent customer base. This worked – a very large proportion of our initial customers were American – and after we opened the doors and let the smells of fresh baking waft out onto the street nosotros presently started selling cupcakes to everyone who walked by.

What was your first professional baking chore?

Prior to beginning opening The Hummingbird Bakery, I spent two years testing and refined endless recipes in my kitchen at home. Other than this, yet, I had no real baking experience. I'd grown upwardly with a great appreciation for the delights of American baking so I did at least have a very clear idea of how I wanted The Hummingbird Bakery'south products to gustatory modality. So really, my commencement professional baking chore was in my Notting Hill branch.

How long did it have to get you established?

Prior to opening my first baker, I did do a couple of private cake commissions for friends but this was in no way how I launched – I wanted to directly onto the high street. Having fitted out, equipped and opened the doors to my starting time branch, the business got itself established very chop-chop. Inside a few weeks of launching, give-and-take rapidly got effectually that we were baking delicious cakes and business began to grow rapidly.

Did you have any professional training?

I have no professional training in baking other than that which I've gained from working in my own bakery.

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

Initially we were in the fortunate position of being able to go the business off the ground with no existent competitors – there certainly wasn't anywhere else in London that specialised in quality American baking. Of grade, equally soon as cupcakes defenseless on, other cupcake bakeries did apace pop-upwards. Nosotros accept always differentiated ourselves on the quality and authenticity of our products. Another matter we do is bake on site at each of our branches throughout the day to ensure the complete freshness of our products. Nosotros likewise only source quality ingredients – real butter, jams and preserves from Tiptree, free range British eggs, cream cheese from Philadelphia then on.

What does the future hold?

I plan to grow the business here in Great britain by opening further branches inside and around London. I'g besides looking at opportunities to open branches in other UK cities. Nosotros have franchise partners in the Middle Due east who take already launched 3 Hummingbird Bakery branches in Dubai.

Source: https://www.moneymagpie.com/make-money/everything-need-know-make-money-baking

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