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How many of you are making enough cash flow for this to be your MAIN source of income? - Page 2  

post #16 of 95

I do okay, which for around here, and the plethora of cheap bakers, is quite amazing. Could my entire family depend on it? Heck no. It's a dual income household.

"I can do that, because this is my sandbox and I've got the bullsh*% shovel." ~Dianne Sylvan, Author and Lunatic
Birthday Cakes
(2 photos)
Birthday Cakes
(2 photos)
"I can do that, because this is my sandbox and I've got the bullsh*% shovel." ~Dianne Sylvan, Author and Lunatic
Birthday Cakes
(2 photos)
Birthday Cakes
(2 photos)
post #17 of 95
Thread Starter 

I am soo determined i just cant stop now after years of studying and hours and hours of perfecting my recipes... I will keep trying and put my foot into it pray for the best!! I mean as i sit and think... YES people do make a great living off of cakes/cupcakes etc they are probly way to busy to answer CC thread lols NO OFFENCE please do not take that comment the wrong way.. :)

post #18 of 95

Yeah, hob/small business here too :)

 

No way I could ever make even close to what my real job brings in. I only became legal so when my coworker's/friend's/cousin's/BFF wants a cake I can charge them (and use the money to buy more fun cake tools!).

 

In all seriousness, I agree with others. I don't logistically see how one person running their own cake business out of their home could make enough to live on. But I would love to hear if others have! Just crunching the numbers though, that's a lot of cake to be putting out each week (plus deliveries, set ups, making cake boards, ordering supplies, planning designs, meeting with clients, keeping the books, etc.) I think for the # of cakes you'd have to make there just wouldn't be enough time. And of course, that's assuming you get enough orders to meet that quota. For your $2k goal I'm assuming you mean net, not gross. Which would vary depending on your costs, but let's assume you net 60% (being generous here - I actually think for a start up it will be less). And that's not counting taxes, so you really need to gross over $5k a month. I don't know what you're planning to charge, but say $3.50/serving (that seems fairly middle-of-the-road). So that's over 350 servings a week. I think as one person you'd a) have a very difficult time securing that volume of orders consistently week over week and b) have a heck of a time filling those orders and keeping up with the business side of things.

 

I'm not trying to be a debbie downer, I just think it's a big undertaking. Do you already have a client base? Established recipes, processes, suppliers? It might be better to get a part-time job and cake on the side for a while until you see if it can work. G/L :)

 

 

 

p.s. Just saw your last post - many of the repeat posters here on CC are very talented, very successful cakers. Don't assume b/c you're not getting the advice you want to hear that it's because all of the millionaire cakers too busy to answer you. The sad truth is it's a supremely difficult industry to make a profit, much less a living in. It's great that you're passionate, but you should have a realistic idea of what you're getting into.

post #19 of 95
Thread Starter 

I believe you took what i said VERY wrong and i must have stated it VERY wrong as well!! What i meant was they are way to busy to answer a plain Jane's question.... Trust me i know a ton of CC members are very educated and successful..

post #20 of 95
Thread Starter 

All i said was i am determined nothing wrong with that correct :)

post #21 of 95
Thread Starter 

I have about 5 clients that come to me for everything, ABOUT 1 order a week right now with that being word of mouth... I do have a business plan.... I have amazing recipes that people love :) i have works plenty years on perfecting all recipes i am not a newbie what so ever to caking lol i've been a lurker for years and finally decided to make an account... 

post #22 of 95
Thread Starter 

Sorry for not posting this all in one post... Yes i do have a full-time job right now working as a CNA in a nursing home...

post #23 of 95

this is a toughie. I'm a beginner myself and was starting to wonder the same thing. If you really love what you do, you could work at a bakery (F4L, Costco, mom & pop around the corner icon_razz.gif) and still do a business on the side. I don't know if anyone has done this before but that's what I planned on doing since I love baking so much icon_biggrin.gif has anyone else done this?

On the road to becoming a great Baker :)

 

-All glory belongs to the Lord, through practice and prayer my skills are honed by God alone Deut. 2:7

Valentine's Day
(9 photos)
Other Cakes
(7 photos)
Birthday Cakes
(3 photos)

On the road to becoming a great Baker :)

 

-All glory belongs to the Lord, through practice and prayer my skills are honed by God alone Deut. 2:7

Valentine's Day
(9 photos)
Other Cakes
(7 photos)
Birthday Cakes
(3 photos)
post #24 of 95
Thread Starter 
Quote:
Originally Posted by Aurora42196 View Post

this is a toughie. I'm a beginner myself and was starting to wonder the same thing. If you really love what you do, you could work at a bakery (F4L, Costco, mom & pop around the corner icon_razz.gif) and still do a business on the side. I don't know if anyone has done this before but that's what I planned on doing since I love baking so much icon_biggrin.gif has anyone else done this?

 

I think its a great idea, but i would not work at Costco or anything that just my preference..

post #25 of 95

Didn't you just post the other day that you were unhappy with a cake you made (wrestling belt) and that you were going to take a break?  What encouraged you to do a complete 180? I took a short break and am only finding my motivation now and I will only do one cake a week (working full time).

post #26 of 95
Thread Starter 

Yes i am still taking a brake, I'm getting all the information i can before i re-launch nothing wrong with that :) i am very determined to make this work so that i can pull in 4-5 orders a week a few weddings a month..

 

 

 icon_biggrin.gif

 

Edited did not read the rest of posters question (kids running around)

post #27 of 95

I wasn't criticizing you. I was just wondering where your motivation came from as I have had a difficult time getting my own motivation back in full swing. I'm sorry that you took it the wrong way.

post #28 of 95

I net about 3x minimum wage in my state, which makes it enough for this to be my full time job.

I was very careful what sort of business I set up, I supply multiple coffee shops and cafes with cupcakes Monday - Friday, I don't take small orders, and I don't work for a low wage.

The first year I lost money, the second year I made maybe 3 grand, by year 3 I had finally figured out my pricing system, advertising and a good schedule structure.

 

There some very successful cakers on CC, finding the time to post online just means good time management :)

post #29 of 95

Don't forget about health care.  You would have to pay to insure yourself, it's not cheap.   

post #30 of 95
Thread Starter 

scrumdiddlycakes

 

How did you get into the coffee shops? I have been wanting to do that for the longest but i cant see myself calling a coffee shop saying "hay wanna buy my cupcakes" LOL of course that is not what i would say but i feel as if it would sound off either way i go about asking.. Thanks for taking your time to comment its MUCH appreciated! :D

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