2 min read
Here are the top 4 ways to make money in your kitchen. Make something the consumer can eat, use, gift or learn. It’s not complicated. The key is to select one thing and do it better than any of your competitors. For years my Profits from Your Kitchen students have asked, “What the secret to success?” “What is the one thing I can make or sell that will bring in the cash?” The answer is simple. Find a product that the consumer is willing and able to buy for the price you’re asking. What does that mean? The consumer first must be willing to part with their money. Second, parting with their money should mean they have money in their wallet. Last, the price has to be so irrelevant, it matters not if the cost is high. It’s the value they gain that captivates them.
How often have you said, “Oh, I just have to try this!” What about, “Oh, I know I shouldn’t but, I’m getting this!”
When you have what the consumer wants at a price their willing to pay over and over again, you’ve won. Success!
So, let’s address the good, bad and the ugly. When selecting a product made in your kitchen there are a few things to consider.
The Good Money
Profitable products all have a few things in common.
- Long shelf life so it’s sold over time
- Short shelf life, exclusive enough to demand a premium price
- A flavor changer. Uncommon and unparalleled
- Exotic. Foreign to the community in which they’re sold
- Trendy. A hip-cool tasty pleasure. (Trendy, does not last so be careful.)
4 Ways to make money in your kitchen:
(1) Things the consumer can eat
Select products that are bitter, salty, sour, astringent, sweet, pungent (eg chili), and umami
(2) What the consumer uses to beautify
Your product might not be food but something made to make deliciously attractive.
Facial creams, soaps. scrubs, masks, makeup removers, lotions, and body treatments.
(3) Make gift products the consumer can eat or use.
This will include things the consumer can eat or something used to make the consumer for attractive, only in gift form.
(4) Teach what you know, really know.
If you’re still not sure about what you want to do contact Foodpreneur Institute for a free consultation.
contact at foodpreneurinstititue dot com.