How to start baking business online – Baking is always rewarding, but starting your own baking business can be frustrating at first. Fortunately, there are some steps that you can take to make it easy for yourself. This article will focus on helping you get started with the essentials of running a successful online bakery.
How to start baking business online – Starting Out
When you first begin an online baking business, you’ll find yourself in need of everything. There are many things to consider when starting your own bakery; this section will cover the basics that you need to get started.
How to start baking business online – Keeping Customers Happy
There are some simple rules to follow that can make or break your relationship with your customers.
How to start baking business online – Making Money
Once you’ve got the basics down, it’s time to start making money. This section will cover actually taking payments and managing your money.
How to start baking business online – Some Must-know steps
1. Set up your business with “taxable purposes”.
This means you cannot buy some equipment for household, but you can buy the same type of equipment for business purpose.
2. Choose a legal form of organization to register your company.
If your annual revenue is less than 50k USD, then you are not required by law to have registered this company – You can simply run it alone as individual / sole proprietor / self-employed person (simply call yourself Company, Inc.).
But do not be fooled – this tax freedom comes at price of unlimited liability i.e. any creditor or plaintiff may sue you personally and confiscate your personal assets such as home or car without affecting corporate assets!
That is why just about anyone starting small business will want to create, at least, LLC. It way more beneficial as compared to sole proprietorship or individual (sole owner of the business).
3. Do some market research and find out your niche
For example: Industrial design bakery like “Kon Kon Bakery” located in Taiwan make custom-made birthday cakes with shape of cameras, cars etc…
4. Start building a network before launching it online.
Some good sources are Chamber of Commerce, business directories. Even if you have not officially launched your online business yet – you can still be listed in these directories for people to contact you for their similar needs i.e. just list yourself as “To be opened soon…”
5. Make budget
Have an estimated costs from web designers & web hosting providers, Office stationery etc. if you need it
6. Register your website
Register your site with search engines like Google – Before officially launching it online, just register the site to avoid future complications
7. Make Logo
Create company logo & brochures / flyers (print & digital) for marketing campaign
8. Launch your business
Launch your business online and offline simultaneously i.e. both on Internet and traditional way of advertising such as Radio, TV etc…
9. Repeat if needed
Repeat steps 3-7 until you see an increase in revenue year after year! Or more likely that will be step 8 for rest of your life 😉
10. Other Factors
Other factors include reputation management (such as Yelp or TripAdvisor), customer retention (such as birthday emails), new products development (e.g. Kon Kon now sell various type of breads) etc..
11. Don’t give up 🙂
The most successful online bakery started as a simple idea and grow through trial and error.
Hope this article helps you in starting your own baking business online. For more information see also How to sell homemade food online. Still if you have any doubts or confusions, please ask in the comment section below.