Stuck for food business ideas, not wanting to commit to the heavy overhead costs of renting a food truck or stall space? Consider starting a home-based food business!
A home-based food business is a type of business where you create and sell food products from the comfort of your own home. With online platforms that you can market your food on, starting a business has never been easier.
Here are some advantages to having a home-based business:
1. Enhances Appetite
Not having to foot rental and overhead for physical stall is sure to save startup costs. A commercial kitchen can run very expensive figures very quickly, and for a new business, you may not require a fully equipped kitchen too. You’d also avoid the burden of having to support a personal commitment such as house loan, car loan and rental all at the same time. Other than that, operating a commercial kitchen also requires a high manpower cost. Think you are not ready for that? Starting a home business might be just right for you.
2. Market Testing
Selling from your home, especially on an online platform, makes it easy to shake things up and renew menus. As the scale of business tends to be smaller, ingredient turnover is also higher, which allows you to cycle through menu items until you hit a bestseller. Starting small also allows you to find your niche – knowing what can be your unique selling point and understanding customer interest at a slower pace. This can surely be a catalyst for your bigger success and if your business gains traction, you can consider expanding in the future.
3. Operating Hours
When you’re doing business out of your own home, you can do it on your own terms and time. Retail spaces may be tied down to the building you rent out of, or for food truck parks, there are designated times or even days that you are allowed to conduct business. This is especially helpful for those who wish to start a home based food business as a side income as you have the freedom to slot in a few hours of cooking despite having a full time job.
4. Flexibility & Comfort
When running a food business out of your own home, you work with tools and an environment that you are already familiar with (and of course, you can dress as comfortably as you wish!). You can also finely control the scale of your business and set your own financial goals, which is certain to help manage stress levels.
5. Direct Customer Interaction
Get hands-on experience understanding about your customers when you are operating from home, being the one taking the orders, delivering them and receiving feedbacks. Not only that your customers will appreciate these sincere, transparent way of offering food product, you can build strong relations with them too! Make adjustments and improvement along the way by gathering feedbacks and you will reach your business milestones very soon.
6. Niche Markets
Have skills in preparing mouth-watering allergen-free food products? Specialized in cuisines that are acquired tastes? Cater to niche markets and customers that will truly appreciate your menu through home-based business. Jozie’s Clotted Cream can be your inspiration. Selling homemade English Clotted Cream that makes scones lover in Malaysia to get a taste of England.
At the end of the day, it’s also important to comply with the laws and regulations governing home-based food businesses.
Before you jump right in, check the guidelines published by KKM on food safety requirements for entrepreneurs seeking to start their own home-based business serving food products. Hygiene and control from the start to the end of food preparation, involving facilities and environment must be implemented effectively. Click here to learn more.
Ajinomoto Food Biz Partner is designed to meet the needs of food entrepreneurs to excel in the Malaysian food service industry. Get your required types of seasonings from us alongside tips and tricks to accelerate your home based business success. Join us as a member today!