Month: March 2017

Make N1,000,000 Selling Cakes

How to make ₦1,000,000 in Cake Sales this year

You need 5000 people to buy a ₦200 cake
You need 2000 people to buy a ₦500 cake
You need 1000 people to buy a ₦1,000 cake
You need 500 people to buy a ₦2,000 cake
You need 300 people to buy a ₦3,333 cake
You need 100 people to buy a ₦10,000 cake
You need 50 people to buy a ₦20,000 cake
You need 40 people to buy a ₦25,000 cake
You need 20 people to buy a ₦50,000 cake
You need 10 people to buy a ₦100,000 cake

So what is your excuse?

Get to it NOW!

A few days ago i put the above post on the Cake Business owners Group page and it got a lot of reactions.

We all have ambition.

We all want something better in our lives?

We are all working for something better, like a better home, a new car, not having to worry about bills, a better school for our kids. I can go on and on.

Each year we promise ourselves that this year will be better.

But as each day rolls along, it’s like nothing has changed. Our businesses are not getting any better, the orders are not coming in and customers seems to be disappearing.

We are nearing the end of the year.  Believe it or not. You will see that time waits for no one and we soon will be preparing for Christmas again and you will be left wondering what did you do all year.

I want you to take control of your life. Don’t let life control you. You have to step up and take a long hard critical look at your business and see what you are doing wrong and what you can improve. Why are you not making money. Why are customers not ordering from you. Why are you attracting those clients that will price down your cakes.

I want you right now to take a piece of paper and write down how much you want to make by December 2017. If you are just making N100,000. Write down you want to make N1,000,000. If you are making N50,000. Write you want to make like N500,000.

You can write any amount you want. Don’t play safe. Let it be an amount that scares you. Once you write that amount i want you to put it in a prominent place where you can see it everyday all the time. On your dressing table, on your Bible, in your wallet, wherever.

Write ‘ By 31st December 2017 I will have N…….. in my bank account which i will have gotten from my cake business‘.

So now that you know how much you want to make i want you now to think how you can make this money from your cake business. How many cakes do you have to sell? Calculate it.

So lets say you want to make N1,000,000 by December. And your average cake price is N10,000. that means you will have to sell about approx 100 cakes from now to December. 

We will even go further and calculate how much you need to sell each month. So to reach that target you need to sell about 11 cakes for that price each month. That is approx 2-3 cakes a week.

So you can see that to make N1,000,000 by the end of the year, you only need to sell 2 cakes a week.

Once you have broken it down like that, you can now come up with a strategy of how you can get just 2 customers a week.

You only need to get 2 people to order a cake from you this week. So think where and how you can get those 2 customers. 

My calculations may not be the best. But you should get the general idea.

The reason I am giving you this scenario, is that i don’t want you to think that getting customers is this huge task. That you need to get 50 customers at once. Start small. Look around your immediate environment, your family and friends. Start there first and i am sure you will reach the target for this week.

See it as an adventure, instead of a pain or task. See it like a game. I just need 2 people this week to buy my product. They are out there. All you have to do is to find them.

You are the solution to someone’s problem right now. Stop hiding and start Doing. 

Do this each week and you will be surprised at the results. Even though you don’t reach your quota all the time. You will see that your confidence will increase and your business and marketing skills would have improved.

Now go out there and look for your 2 customers right now.

And imagine what you are going to do with that N1,000.000

Would love to hear your comments. What are you going to do or change about your business to reach your 2 customers a week target.


Need help on how you can market you cake business effectively to get more customers and sales. Then register for the Ultimate Guide to Marketing your Cake Business This Course is of tremendous benefit for bakers who want a step to step guide on how to promote their business for great money making results. Get details here.


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Rotimicakelady is your personal cake fairy. She is a cake business consultant and Coach. 

She runs the Cake Business Owners Club where she helps bakers through Online courses have super profitable and successful cake businesses.

She has a passion for helping women who have a passion for baking, transition from hobby cake makers to successful and profitable cake business owners. 

She also help cake business owners who have struggling in their cake business with strategies to enable them get more customers, so you make more money. Rotimicakelady is passionate about Cakes, business and making money.

Just Start

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On a daily basis I get a lot of email and messages from bakers, cake business owners or just hobby bakers asking me questions or just telling me about their experiences. I love receiving  emails from all of you. I appreciate your encouragement, feedback and i always try to help in any way i can for those who have questions.

I also get a lot of emails from women especially those who are contemplating starting a cake business, but month after month they are still at home doing nothing, depending on others for money .

And I ask why are you not earning money doing something. You say you like baking and want to start a cake business, so why haven’t you done anything about it?

And i keep hearing the same thing, 

‘I don’t have money to start a cake business’;

I don’t have capital to buy equipment’;

‘when I get money I will start’;

‘ I don’t have money to register the business’;

‘There is no one to train me’;

‘I cannot afford to go for training’;

and so on.

My dear, all those things are just excuses,I do not mean to be harsh, but if you are saying those things now. You will see that this time next year you will still be in the same spot and have achieved nothing and still be saying I don’t have money to start.

Money is not an excuse.  You are the one making the excuses.

If you want something, you’ve got to be committed.

You don’t have money to start a cake business. To start a cake business you do not need thousands of Naira.

Just start.

With N5,000-N8,000 you can buy ingredients, bake some cupcakes, make your own cakes boxes ( You can go online to see how this is done) and sell batches of 4 or 6 cupcakes for like N2,000 or N3,000. Just sell them to family and friends. You will see in no time you would have recouped your investment and will have some money to either buy some equipment, pay someone to teach you or even to register your cake business.

It is hardly the case that someone will just give you N100,000 Gbam to start a business. 

You have to start from somewhere.

You say you have no one to train you. Have you gone out and asked. I am sure an aunty of a friend of a friend can offer to train you for free. Have you gone online to seek for free training classes. A few weeks back the Lekki International Cake Fair held its annual event and some of the baking classes were free. Have you gone on YouTube and watched all the numerous baking training videos. Do you read baking blogs?

When i knew i wanted to start a cake business, i knew i needed training.  I really wanted to learn the  Wilton training. I think it was N20,000 at that time for the level 1 training. But i had no funds.

So i just went on Youtube and watched videos and practiced. With the little knowledge i had i started selling cupcakes to just people I knew at first. My cakes were far from perfect, but it still sold. Soon i was able to raise the N20,000 for the training. 

And when i wanted to go for another training, I will just sell and sell.

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This were the cupcakes i sold

 

 

 

 

 

 

 

So don’t think you have to be one expert cake maker to start selling your cakes.

Just start.

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I am a great believer in setting goals. Without Goals how will you know where you are going. if you want to achieve something. put it down in writing . And set a plan for how you will achieve it. And each day do something, no matter how little to achieve that goal.

Don’t let 2017 roll by and you are still waiting for one windfall to come  before you start your cake business or any business you want to do. 

You can become financial independent. 

Just start doing something with what you have.

Just Start.


If you need help in starting your own cake business. Register for this free Course. This is a Course that will help and teach you how to have your cake business started and running in 30 days.


I am also still taking registration for How to price your Cakes for profit E-Course. Just Register for this training here.

 


 

 

me3

Rotimicakelady is your personal cake fairy. She is a cake business consultant and Coach. 

She runs the Cake Business Owners Club where she helps bakers through Online courses have super profitable and successful cake businesses.

She has a passion for helping women who have a passion for baking, transition from hobby cake makers to successful and profitable cake business owners. 

She also help cake business owners who have struggling in their cake business with strategies to enable them get more customers, so you make more money. Rotimicakelady is passionate about Cakes, business and making money.

The Door to your Business Success has been Unlocked[Gain Access Here]

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When I first started my cake business some years back, I had no business knowledge. I had no business plan, did not know what to charge for my cakes and was just going through the flow.

All I had was a passion for baking and a dream. I knew I wanted to sell cakes so I could give my children a good life.

So I started my business and it showed me pepper. Lol.

Not only did I have to learn a lot of things for myself, I was the baker, answering emails and inquiries, marketing manager, administrative manager, delivery person, shopper. I would work from early morning to late at night.

One of the reason I stated the business was that I wanted to spend more time with my children, but I was still working long hours and hardly seeing them even though we were in the same house.

I was working myself to the bone and I was still not making money. By the time I bought ingredients, groceries, petrol, paid my nanny’s salary, school provisions, my money was gone.

 I was like what was the use. I might as well as stayed being a lawyer and collected my salary at the end of the month instead of killing myself with flour and butter.

So why wasn’t I making money?

Reason- I was charging too small. I was so scared of pricing my cake at a high price. You could say I was the cheapcakelady. Customers used to bully me about quoting a lower price and I will succumb.

I was so not confident in pricing my cakes that I would ask the customers if the price was ok.

I remember doing a lovely buttercream big 12 inch lemon cake  ( I even used real lemons, the foreign ones, you can imagine how much they cost) with lots of intricate roses on it that took me like 2 days just to do all the roses and you know what they paid- N7,000.

I am so embarrassed about it now. I used my own money to fund their cake.

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(This is the cake)

 

 

 

 

 

 

 

But really I was my fault. I accepted that price from them.

I didn’t think I was good enough so that was why I charged very low for my cakes. I was not bold enough to voice my worth to my customers so they dictated my worth for me.

This should not be so.

I felt like quitting a lot of times. But I had no choice but to keep at it. I mean I had nowhere to go. What will I do for money?

A famous quote by Eleanor Roosevelt says that ‘No one can make you feel inferior without your consent’.

I was allowing others to direct things for me, because I was so afraid of losing the order.

Eventually I had to overcome this and be more confident in my pricing. I put up certain structures in place and made sure that a customer would not be able to price me down. I stopped being pressurized to give a price to the customer at the spot- I will get back to them.

I was able to quote and price confidently and with a purpose to secure the order.

And you know what; I hardly had a customer that didn’t place the order. Infact I think it was only 2 customers last year that did not get back to me.

So there is a way for you to quote any price to a customer and get that booking.

If you are like how I was, please don’t despair, I am developing a Course called How to price your Cakes for profit (I may change the name later) of how you never have to worry about pricing for your cake business. I will reveal the strategies that have worked for me that will get customers to pay the price you want for their Cakes.

By God’s grace the Course will be launched in April; so to be on the waiting list just click here and you will be informed first hand when it is ready.

You will no longer be known as the cheapcakelady but the ultimate cake queen.

So Register today and I will talk to you next week.

I would also love to hear about your pricing  woes, so just comment below

Could you do me a favour?

Could you just take some time out to  fill out this Survey.  It is about Pricing. I really want to know your challenges so i can address them in the Course.

It won’t take you long (just 4mins).

Just click here to fill the Survey

I really appreciate it

Take Care and Happy Caking.


me3

Rotimicakelady is your personal cake fairy. She is a cake business consultant and Coach. 

She runs the Cake Business Owners Club where she helps bakers through Online courses have super profitable and successful cake businesses.

She has a passion for helping women who have a passion for baking, transition from hobby cake makers to successful and profitable cake business owners. 

She also help cake business owners who have struggling in their cake business with strategies to enable them get more customers, so you make more money. Rotimicakelady is passionate about Cakes, business and making money.