If you love cooking, baking and serving the general public I have found it may be your calling to start up a home catering business. There are definitely pros and cons to starting up any kind of new business in today’s economy so I always recommend you consider all of your options before choosing.
Pros of a Home Catering Business
One of the biggest pros would have to be catering in general if it is something you love to do. Being able to find something you love and make money from it is like what I did with online marketing. Another pro is the fact that you can set yourself apart from some of the competition by offering foods and services that other catering businesses do not have. In some areas you may be required to do this just to see your business succeed since there is such a huge market for caterers.
Cons of a Home Catering Business
Home catering businesses are often some of the riskiest out there because you really have to work at getting your name out there in order to get clients. Food tastings, advertising, marketing and food costs can all put a damper on starting your new business so always factor in the costs of starting up the business compared to how much revenue you plan to generate. I have a few friends that have their own in home catering businesses and I saw firsthand the things they had to do in order to get the business they needed to stay afloat.
Alternatives to the Home Catering Business
If you are just looking for a way to make some extra money, ideas for starting up a business or want to work from home then you have to know that catering is not your only option. There are many other business endeavors that you can try out and find much more success in. When I get emails and questions regarding how you can make the most money without technically having a “job” I always suggest online marketing.
Online marketing is how I was able to make my money and I made so much I had to share the tips with my friends so they could also benefit from it. Even though there are plenty of online marketing scams out there I can show you how to avoid them and teach you everything you need to know for making the most money. Sure, home catering businesses can be a great business idea if it is something you absolutely love to do but if you just simply need an extra income or new venture then try something else that isn’t so risky or expensive to start up. Online marketing is a great way to make more money than you expected all while working your own hours and on your own terms. However, if you do have a passion for cooking and want to start a home catering business then do not let me stop you.
PS: I would love any feedback or comments you have about this and if you want to learn more about how I make my money with online marketing (you too can start a website too).