If you are good in baking and love to cook, you can give a thought of starting a cookie business from home. Cookie business has a large market potentiality as there is very less competition in good quality cookies and homemade products always have an edge in the market. With proper execution and planning, you can have a good source of earning by starting a cookie business and that is also from home. Continue to read and find out the process in details to start a cookie business from home.
Step 1: Analyze Your Self
Analyze your skill and find out are they sufficient for starting a cookie business. Just baking is not what it is involved in the process, you will also need to be creative and have the idea and knowledge of using various ingredients.
There are many cooking classes available all over India which can teach you with different skills of cookie making and increase your creativity. It is a nice idea to have a crash course before starting a cookie business to get more professional skills.
Step 2: Through Market Research and Business Plan
Make a business plan:
Before commencing any business it is necessary to make a business plan about the same. The business plan should consist of every aspect of the business.
Plan your steps:
Planning the steps will help you to make systematic and correct moves. Plan everything that you are going to do after starting a cookie business i.e. from production to selling.
Do a market research:
Cookie business has a great market potentiality, but that doesn’t mean that the area you will be operating has a good business opportunity. So do a thorough market research about the potentiality of the business and find out all kinds of pros and cons.
Check out with competitors:
During the market research, find out about the whereabouts of the present competitors of cookie business. Find out their ways of operating, their strong points and weakness. The market they have captured and your area of opportunity.
Starting a cookie business from home will not need much of the capital investment as if the law permits you can use your residential kitchen as the business place, so there is a huge saving in the investment for the infrastructure.
Step 3: Legal Guidelines
Contact Local Administrative Office:
As cookie business from home is a food based business so the legal formalities are a bit higher in this sector. Contact your local administrative office and get the information of the required formalities in details.
Get the License:
Apply for the food license and business license as it is must to run any kind of business. The law may vary in different states, so consulting a legal advisor once is also suggested. You also need to get a VAT license and open a current account along with PAN for the business.
Register your business with an attractive brand name. A brand name will help to differentiate your product from others in the market and aid in creating a customer base.
In the case of any accident, insurance is a great aid to protect your assets. Contact your local insurance provider for an appropriate plan to cover the maximum liabilities.
Get Approval for the Facility:
As you will be planning to start your cookie business from home and use your kitchen for the business purpose, so you need to get approval from legal forums to use the residential kitchen for the business purpose. You may need to do some changes in the kitchen, so check the requirement in prior and do the necessary changes for the inspection. You may even need to get the place inspected in regular interval.
Step 4: It’s Showtime
A good quality micro oven is the most important equipment required to start a cookie business from home. So buy a good quality oven from the market which is specialized in cookie making. Don’t invest in low-cost oven, as you will not wish for a regular breakdown and servicing and over that branded ovens also helps in power savings.
Use quality items:
Quality is the strongest point of home-based food, so always use high graded raw materials and equipment. Go for quality check at regular intervals.
Use creative ideas:
You can try different recipes with cookies also along with various designs. Check out online about various new designs and use your ideas to invent something new.
Step 5: The Finale – Get Customers
Decide the business types:
There are various ways that you can sell you cookies like you can start your own cookie store or sell cookies online. You can even contact wholesalers or sell directly to retailers. The choice will depend on the scale of the business and state laws too.
Promote your product: As you will be doing cookie business from home, so it’s a completely new brand in the market, so you need to have a strong promotional strategy to market your business. You can use social media for free promotion by posting the pictures of your cookies online or even distribute free sample cookies to your friends and family and retail outlets to spread the word of you taking steps in the business.
Cookie business from home is a nice idea to utilize your free time at home and earn some extra money out of the hobby of cooking and baking. You can also do it on a part-time basis.