Start a Cookie Business – The “Sweet Success” Business

If you love to bake and you want to make money doing something you love, you should start a cookie business.

Why? Because making cookies is an excellent way to work from home.

Benefits:

You choose your own hours and you are in charge of your own success. As well, there is so much room for variety that you will never get bored of making cookies for your business. It is a great job for anyone that enjoys being creative and has a good business sense.

What It Involves:

The cookie business can consist of making cookies in bulk and then selling them to retailers who will sell to their customers. It can also involve custom orders where you make the cookies as per the clients’ requests. You may choose to bake from home but if you are making large orders, it may be beneficial to rent a facility with larger ovens and space to make batch orders.

Before You Dive In:

Running a cookie business is about doing something you enjoy for a living but there is more to it than that. You need to remember that the point is to make money while you are doing it. Therefore, you have to put on your business hat and think about how that is going to happen. You must have a business plan and you need a marketing plan. That means deciding what you want to sell and whom you want to sell it to.

Once you know that, you can move on to doing what makes you happy and making a profit, too.

How Can Joint Ventures Improve Local Small Business Profits?

If you own a small business, whether it is a bricks-and-mortar business, a service business, or a company operating primarily online, joint ventures can give you powerful influence in the marketplace. Joint ventures provide a huge reward for less effort because of the power of leverage.

A joint venture in business is simply a triple win, or a win-win-win. It happens when 2 (or more) business owners do a deal that not only benefits both businesses, but also serves the customers. There MUST be a win-win-win.

Let me give an example so you can understand the power of these profitable arrangements. There are many kinds of JVs that you can organize. This example is for local business owners. Imagine this scenario. Sam owns a dog-friendly restaurant. Sarah owns a gourmet dog cookie business. They form a joint venture that works like this.

Sarah makes little “doggie bags” with a couple of her gourmet treats, a business card and a coupon for 10% off the purchase of a bag of gourmet treats. When people go into Sam’s restaurant with a dog, they get one of the treat samples. They go into Sarah’s business and redeem the coupon. Sarah hands out a coupon to everyone who purchases from her shop offering a free appetizer at Sam’s restaurant. This is a good fit because people who own dogs would be interested in shopping at both businesses.

These mutually beneficial arrangements re-define economic stimulus, because they are based on people’s buying habits. This is only one of many ways a joint venture could work. Why not put on your thinking cap and consider how you might work out a win-win-win scenario like what I have just described?

All it takes is a little creativity and a deep desire to serve your customer. Find out what else your customer buys. If you notice that people often come into your business carrying shopping bags from a particular nearby business, you have the basis for a joint venture. Could you ask them to offer a coupon or a sample? And could you in turn find a way to give your customers a discount or sample of theirs?

Some questions you can ask yourself to get you thinking:

Where else do your customers like to shop?

What other products/services are a natural fit for your customer?

What else do your customers want and need that you don’t intend to provide yourself?

How can you make these customers to think of you as their hero?

Whom do you know in a business that your customers would also like to frequent?

Whom do you trust in a complimentary business?

How can you better serve your customers by forging joint ventures?

How will you track results?

Start stretching your mind and your expectations and create your own economic stimulus plan through the power of joint ventures.

Small Business Ideas – Avoid This Pitfall When Starting Your Own Cookie Business

Unfortunately, there are many small businesses that will fail miserably each year. If you own your own business or are looking to start your own small business, then this is probably the top thought on your mind. Nobody wants to fail. Nobody ever wants to admit defeat.

Especially when you know that you have a great product that you are trying to sell. In the cookie business especially, it almost seems random why one cookie company should succeed and another one should fail. So what is the largest step you can take to avoid seeing your company sink like a stone?

Don’t offer too many varieties in the beginning.

You may be thinking that the more choices a person has in cookies, the better. However, that can actually spell trouble for a fledgling business. Let’s say for example that you start your business off with 30 different kinds of cookies. While they all take the same basic ingredients, the additives, which can become very expensive, are all varied in each cookie. In essence, you spend a lot of your money on these extras, and you aren’t even sure that your customers will like them. You may offer 30 varieties, and only 15 sell out. You are left with a lot of stale cookies and wasted money.

So offer no more than 5 varieties at first, and then offer a new cookie every once in a while to add to your menu. That way, you can put tester cookies out to ensure it is something your customers would want to buy. If you follow this simple guideline, then keeping your business afloat should be no problem at all.