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Setting the right recipe for your food products
15
Jul
By Admin Myfood
Setting the right recipe for your food products

Food, since time immemorial, has been sought after by every individual on this planet, and if set right, is a business opportunity that never fails. Any food, cuisine, or condiment has the potential to surf around every nook and corner, through history and across horizons. What is it that one has to know to sell these messengers of time- how can you start a food product business?

First Steps

Selling food, building a brand, producing a legacy, this can all sound fascinating, but things are almost always rough in the beginning. The very basic requirement to be fulfilled before stepping into these grounds is setting targets. Theres a lot kept for homework when it comes to setting targets; one has to set his own rules and ethics that cover the requisites of why, what, how and where. Answering these questions can help understand the prevailing customer base, their lifestyle and their needs, and assess the impact and usefulness of ones product in the marketplace. Part of initial research is analysis of market strength, market growth, success potential and potential competition.

Once done with the preparatory job of market assessment, the next stage is sourcing and manufacturing. This phase includes choosing the specifics and resources, production-packaging-launching estimates with an extensive budget analysis. All thats left now is hitting the shelves with your freshly crafted goodies. However, that needs product testing, setting up a robust distribution system and notarising your food product.

Online marketing food products

With increasingly advancing technologies, advances in markets have jumped leaps altogether. Virtual networks have now become an integral part of economies all across the globe. It is now unwise not to exploit the internet for the purpose of growing your business. All that is needed is to understand a few basic set of legalities and handling of the internet. According to the area of your residence, the set of rules may vary. Essentially, they emphasise on a valid state business license. In order to sell your products online, all you need is to have the required permits from the local government/ Department of Health and zonal clearance certifying sanitary regulations for all food storage spaces. One of the most important criteria to fulfil is the annual inspections held by the Department of Food and Agriculture validating your firms continuous eligibility in the business.

After finishing up with the legalities, sourcing and manufacturing, all that awaits is building your online platform. Make the best use of all the pre-established e-commerce platforms to create an online marketplace from scratch. Automating order management, delivery dispatches and custom marketing campaigns can help scale your business. Kickstart your online business across social media platforms like Instagram and Facebook.

Online marketing has opened bountiful opportunities for several endangered businesses and smaller economies. One doesnt need to have an established firm to be promoted online; food products can be successfully sold online from the comfort of your home. The trick lies in optimising the use of available resources; starting from collaboration with local vendors for supplies at cheaper rates to enhancing delivery systems. Use the already established e-commerce platforms like Amazon or Etsy or create your own website; you may even sell curated products through a supplier. Both these types of e-commerce platforms have their own pros and cons in terms of user -friendliness and traffic management, popularity and risk levels.

Lately, small businesses have also started treading the aisles of supermarkets and giant retailers. All of this ease in opening and expanding businesses is owed to the Great Financial Crisis, which opened pathways for local-small-unique businesses and food products into supermarket retail chains. All that is needed is to pitch your certified products to the companies, attending different trade shows showcasing your product and applying to different retailers for a shelf in an aisle of the supermarkets.

Food, the thing that drives economies and livelihoods, is meant to be shared and popularised across national and international borders. So go ahead, expand your business to its maximum, be it online or in the real world. Keep promoting and selling food products.