Finding a Niche for Your Cake Baking Business
Cake baking is experiencing a renaissance. In recent years, sugary treats have claimed a place in the hearts of numerous consumers. Whilst baking may once have been considered a domestic activity or a rewarding hobby, it is now big business. The average cake eater, however, has become more discerning. Quality and novelty are what the discerning customer seeks from their sponge. With plenty of Cake Baking Businesses to buy from and a plethora of products available, it is vital that you give potential customers a reason to knock on your door.
How Will Your Brand Stand Out?A cake is not just a sweet treat. Baked products can symbolise nostalgia, celebration, innovation, artistry, sophistication, simplicity and plenty more. Before going into business, you should give careful thought to your brand identity as a cake baker.
When designing your brand, think about:
- what you do best
- what your values are
- who you want to target
- are you keen to be reputed for environmentally friendly, organic or healthy options?
- do you want your businesses name to be the last word in style?
Note down and develop your ideas. An exciting brand will inspire customers and make them hungry for your cake.
What Products Will You Offer?Do you know your Blondie Brownies from your coffee cupcakes and your pistachio macaroons from your whoopee pies?
Recent years have seen the market flood with a host of inventive baked products. The customer is spoilt for choice. Many cake baking businesses achieve success in sticking to a few tried and tested unique recipes and turning them out to perfection. There is certainly something to be said for being known as the business with The Best Carrot Cake, for example. Others, however, rise to prosperity as a result of constant experimentation.
Customers may be more likely to spend on a new product with an intriguing combination of flavours and ingredients. Whether you opt for an extensive menu or a select list of firm favourites, it is vital that the products you provide reflect your brand identity. If your business stands for nostalgia and the simplicity of days gone by, it would be unwise to offer the latest cosmopolitan cake trends. You should think carefully about what you want your business to be known for and craft your product repertoire accordingly.
How Will Your Business Operate?With so many small cake businesses setting up shop, bakers are becoming more inventive than ever. Whilst the words ‘cake baking business’ might spell out tea shop, bakery or café to some, these days confectionary companies are finding new and unusual ways to reach their customers. Cupcake delivery services have become particularly popular, as have underground afternoon tea events held in the baker’s home.
Do something different...starting up a cake business is a genuine opportunity to do something different. Furthermore, more often than not, it is those with the unique ideas which do best. You might want to make cakes for local shops, restaurants and catering companies and cultivate a regional reputation as the 'must-go-to' cake baker. Alternatively, you might think about building an engaging website and delivering your goods to homes nationwide. The mode in which your business operates is intrinsic to ensuring your company stands out from the crowd.
Finding a niche for your cake baking business is crucial to the success of your venture. Be sure not to rush into such decisions lightly: conduct Extensive Market Research, experiment and plan. Getting it right could mean the difference between a thriving cake baking business and one that proves to be a financial black hole.