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Earn More when Establishing a Small Business

A few months ago, I posted a simple chocolate cake recipe online for my ThriftyFun entry. Suddenly because of that post, I became an instant businesswoman. Orders are flooding in after that post and I'm going to share with you how to earn more as your business grows.

  • First, always check your available funds. Prioritize the ingredients to buy.

  • Know the major and minor ingredients (those that are optional). List them.

  • Next, compare prices of ingredients from different stores. Take note that it is best to buy cheaper items but never forget to check its quality.

  • Trial and error could sometimes help. When you start your small business you have to mix and match every ingredient and see which one could give you a better product.

  • As you have already chosen the best one, go back to listing the ingredients and mark their names and prices.

  • Always buy in bulk. This will help you save time and money. Buying little by little will only make you spend more money in going to stores and it will consume much of your time, plus raw materials aren't always available on the store so it is important to buy them in bulk so you won't be having a problem when they're out of stock.

  • Check your compared lists of ingredients and their prices. Compute your expenses and gross earnings. Subtract your expenses from your gross earnings and you will see the big difference of your possible net profit.

  • The more ingredients you buy, the more products you can make and the bigger the profit you can get.

  • In selling your products it is also best to sell at low prices especially this season where people search for affordable ones. It might give you small profit but people will keep coming to buy your product as they would think yours is much affordable compared to others' and still you will end up succeeding in your business.

Link: Here is a link to Katrine's steamed chocolate cake recipe.

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December 31, 20160 found this helpful

You lost me....orders for what? Are you making and selling the cakes? If so do you have a commercial kitchen or do you live where you have to or don't need to have a commercial kitchen license to sell or are you selling recipes?

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January 2, 20170 found this helpful

yes, I'm making and selling those cakes at home. .. those are homemade steamed cakes and I only make them for orders...

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January 1, 20170 found this helpful

Your post is not very clear on just "what" you are selling??

Also, in your recipe I understand the rice cooker method

but I wondered what you are using as a "steamer".

Reply Was this helpful? Yes
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