A homemade juice business is a smart way to earn extra cash because fruits and vegetables provide vitamins and nutrients. You can start by running the business from your home, and once it becomes highly successfully, you could scale it. These steps can help you begin your journey to success.
Create Great Recipes
When you launch your business, you’ll only need a few recipes. However, ensure that each option has a unique flavor profile that appeals certain audiences. For example, if you want to cater to kids, create a juice blend that’s sweet and colorful. Grown-ups will prefer healthy juice blends that provide an energy boost.
Optimize Your Cost of Goods
Your delicious juices won’t help you make any money if the overhead costs aren’t balanced. In the juice industry, the total food costs should be about 25 percent of a product’s sales price.
Besides the cost of ingredients, other costs must be considered as well. For example, if you’re going to sell bottled juices, you’ll need to calculate the cost of
- Bottles
- Labels
- Caps
- Printing
Usually, after everything is added up, these additions can increase overhead costs by up to 15 percent. From a strategic financial standpoint, it’s best to keep your cost of goods below 30 percent as this is the only way to make a reasonable profit.
Scale
You should only scale when your business can support it. After you’ve scaled, you’ll appreciate it because your business won’t consume a lot of your time and resources as you could automate production by investing in a few liquid filling machines
Filling Equipment Co Inc is a great company that sells liquid filling machines for juices. Learn more about the equipment at www.fillingequipment.com.
