If you would like to know how to start cake baking business in Nigeria, the information contained in this post is just for you. Nigerian Guide will take you through the process of establishing your cake business to give you an idea of what this business venture entails.
Cake baking or cake making is one very good business for all seasons. It is also very profitable, especially when you deliver consistent quality to your customers. Cakes are loved by almost everyone irrespective of age, making people of all age groups the target market. So if you would like to venture into cake business in Nigeria and remain in it, you should be ready to put in the hard work to capture the hearts of people of all ages with your recipe, innovation and professionalism in a highly competitive line of business.
WHY YOU SHOULD VENTURE INTO CAKE BAKING BUSINESS IN NIGERIA
If you have passion for cake baking/making in the country, the following are some of the reasons why you should start up your cake baking business as soon as possible.
CAKES ARE IN HIGH DEMAND IN THE COUNTRY
This is very true about cakes, they are in high demand and there is hardly a day that goes by without cakes being ordered for. Many people love cakes and consume it any time of the day. This is one reason why cake business is a fast moving business in Nigeria presently. There mustn’t be an occasion before one can eat cakes. They are loved for their rich tasty flavours and can be eaten whenever one likes.
CAKES ARE USED TO CELEBRATE DIFFERENT OCCASIONS
In Nigeria today, many events will not be complete without a cake to celebrate them and this is quite true considering that many occasions such as birthdays, weddings, anniversaries of different kinds, etc., are all celebrated with cakes as the centre of attraction. Seeing that cakes are consumed at different occasions, this means that people value cakes and as such, thus keeping cake bakers in business.
CAKES SELL IN ALL SEASONS
There is no special season for cakes, everyday is a cake season and it is not limited to Christmas, New Year, Easter, Salah and other holiday seasons that we are used to where different businesses come and go. For cakes, the rush is all year round and this is one major reason why you should venture into the business if you have the passion for it.
CAKES ARE AFFORDABLE
Cakes are very affordable and depending on one’s budget, anyone can own a cake. Because of its affordability, many bakers have categories of clients and different price lists for everyone who desires to own a cake. This makes the cake business all the more interesting as customers keep coming and bakers keep making money to sustain their businesses. Different sizes attract different fees, ensuring that this line of business is sustained at all times.
COST OF STARTING CAKE BUSINESS IN NIGERIA
If you want to start baking cakes right from your home, the cost of starting your business depends on your choice of equipment and this could cost from ₦50,000 upwards but if you want to take it to the next level and start in a big way, ₦150,000 – ₦200,000 should for starters. Kindly note that the figures listed are estimates and they serve as a guide on how you should budget money for your business, these figures can change as you visit the market to find out more about the business.
HOW TO START CAKE BAKING BUSINESS IN NIGERIA
The following are guidelines on how to start cake baking business in Nigeria currently:.
STEP 1: GET THE NECESSARY CAKE BAKING/MAKING SKILLS VIA TRAINING
Before you launch into the cake baking business, you should do well to undergo the necessary training in order to acquire the skills that will help you succeed in this business. This cake making business requires creativity and you should ensure to enrol in some of the very best cake academies to help prepare you for this line of business.
STEP 2: DRAW UP AN ACTION PLAN FOR YOUR CAKE BAKING/MAKING BUSINESS
Develop a plan on how you would love to go about your business, include the type of customers you are targeting, your competitor strengths and weaknesses, your monthly targets etc. Endeavour to have a plan that guides you along the way when you start your business so as to achieve the best results going forward.
STEP 3: MAKE AVAILABLE THE CAPITAL FOR YOUR CAKE BAKING BUSINESS
This is the start up funds you need in order to properly establish your business. You may decide to apply for grants or get a loan from family and friends or from the bank if you do not immediately have the means to set up your business. If you get grants, the better as you do not need to pay back but if you take a loan, ensure that your business can successfully repay it within a specified time frame so as not to be hindered with your progress going forward.
STEP 4: GET A GOOD BUSINESS NAME AND REGISTER IT
Get a unique name for your business, something that is capable of turning into a big brand in the future and register your business name with the Corporate Affairs Commission.
STEP 5: GET THE RIGHT EQUIPMENT AND MATERIALS FOR YOUR CAKE MAKING BUSINESS
Endeavour to get the required equipment and ingredients for your cake business ready. This include: ovens, baking pans, baking boards, flour mixers, mixing bowls, scales, measuring cup, spatula etc., and your ingredients should include flour, eggs, water, sugar, baking soda, butter, syrup, different flavours for baking fruit cake, chocolate cake, whipped cream cake, to mention but a few.
STEP 6: ADVERTISE YOUR CAKE BAKING BUSINESS
Whether you are starting your cake baking business from home or you have secured a business space, you will need to advertise it. Most cake bakers use the power of social media to get their customers with time. Instagram is the most powerful social media tool for getting customers especially when you are creative and your product is of high quality. Twitter also helps your business grow.
Facebook and WhatsApp can go a long way but ensure that in this type of business, your Instagram page is fully functional. Occasionally pay for sponsored posts to reach a wider audience and get them to like and follow you, as well as share your posts, and be sure to engage your customers and potential customers when they reach out to you via the comments section or through inbox.