Introduction.
Know how you can start a home-based kitchen utensils business to cater baking and confectionery segment. We will also know the problem statements and why I think this business can be a success story.
Today, we’ll look at how the hobbies of our friends and neighbors are creating opportunities for home based businesses. We know that humans are born with certain characteristics and develop choices, interests, and skills as they grow. As a result, many of us pursue our interests and hobbies on a regular basis with zeal.
Our kitchen utensils business (supply) will assist this group of people in maintaining and practicing their cooking and baking hobbies.
Starting a small business: Kitchen utensils business for confectionery & baking.
We cook for a variety of reasons, the primary being to feed ourselves, and the secondary being a hobby, interest, and source of income.
Today, to explain the kitchen utensils business idea precisely, I will take the confectionary and baking niche, which are now popular hobbies and are commonly found in the kitchens of most middle-class households. No, I’m not going to write about a cake business or a baking tutorial here.
We’ll see how sourcing raw materials and utensils used in the preparation of baked goods and confectionary items becomes a business here. We will categorize the business into two distinct parts, one is the supply of raw materials and the other one is the selling of utensils required for the preparations.
Demand side, & why does kitchen utensils business have potential.
Let us understand the demand side of the business, and why do I think this niche and the business can be a success story.
If you are from an urban area and belong to a middle-class family, you must have noticed that someone or other of your family members have tried making a cake or any other baked item at least once. I believe you will agree with me.
With the massive acceptance of video media, the entire world has become a learning center, now anyone can learn anything and when it is about food preparation then it is a must-try thing.
Cooking a traditional or usual food may not require any elaborate pre-preparation, but when confectionary and baking come into the picture an elaborate preparation is required before the main process starts. And here not only the raw material but utensils too are specific in type.
Read more home-based business ideas here.
Now look at the source part, where do you get that stuff? From the local market? But do you know where exactly the shop is located? Yes, you can jump into e-commerce, but you need to wait two or three days to get the supply, and sometimes specifications may go wrong and land up with a wrong order. Keeping these two factors i.e. demand and source in mind you can easily understand how potential the business is if one can make the source easy and quick.
I hope I was able to persuade you that there is a reasonable demand for the product lines we will trade and that I could propose a business model to you.
Investment required to start a kitchen utensils business from home.
The business will require Rs 1 lakh, with Rs 50K spent on raw ingredients and Rs 50K on utensils. The raw materials are as follows: (Selective for homemade preparation)
- Different Flour [Whole grain, Bread Flour, Cake Flour, Pastry Flour, self-rising flour, etc.]
- Castor Sugar, Brown Sugar, Icing Sugar
- Coco Powder, Chocolate
- Cream, whipping cream
- Flag meal egg replacer
- Baking Soda, Baking Powder
- Extract, Essence, Flavoring Agents.
These are the most basic items, and a few are easily available in grocery shops, but different flavoring agents and essence and specific items are not. So, I suggest avoiding keeping the stocks of easily available ingredients, please study before you start.
For utensils and gadgets, you must keep stocks as below
- Measuring cups (Dry and Wet)
- Spatula
- Brush
- Turner
- Whisk
- Scissors
- Rolling Pins
- Scraper
- Sieve
- Knife
- Pan
- Pie Plate
- Baking Sheet
- Molds
- Hand Mixer
- Stand Mixer
- Parchment paper
- Pastry blender
- Grater, etc.
Step by Step process to start the kitchen utensils business.
- Please study, you will get plenty of reading material on the internet on homemade confectionery and baking articles.
- Do a small survey, at least twenty households, to enquire about the preparation they make, and how they source the ingredients and utensils. If fifteen of the respondents give you a green signal get ready to move forward.
- Make two lists, one for raw material (Exclude easily available materials) and another for the utensils. (To make the list you can get the help of different eCommerce that sell bakery items and utensils)
- In Indiamart you will get a lot of B2B suppliers who deal with kitchen, bakery, and confectionery utensils. Place the orders accordingly. Or you may go to the wholesale market of your city and procure.
- Make catalogs on FB, WA. and print your own leaflet (Like the way departmental stores make)
- Do recipe marketing on FB (within your target area) and let the audience know you supply ingredients and utensils at home. You may get the help of a digital marketer and keep some budget for it.
- The kitchen utensils business will take time to be popular, you must work hard consistently for at least 6 months.
- Do not over-commit and always fulfill the commitment given.
Important things to remember after you start the kitchen utensils business.
Always remain active in your kitchen utensils business, and let people know about your endeavor. Use your connections, family connections, and friend connections, and keep no stone unturned to propagate your business in the locality.
