How my friend made £299K in one year from selling cake?

by Stacey W. Live Life King Size

Hi, I am John Smith, I was always aware of the potential of cakes as a business idea. However, it went even beyond my expectations when I saw my friend Emily earning a huge amount by selling cakes. She earned £299K in just one year. My eyes literally blazed in amazement. How is that even possible?

At first I could not believe when she told me about here huge profit on her cake business. But when she took me into the details and told how she did it. I swear her journey is quite interesting and inspiring too.

She made herself popular through sales in food festivals

With a passion for cakes, Emily also owns a smart mind. She knows that people love cakes and she made sure to appear with the colourful stall of her store ‘sweet bites’ in every food festival. Such occasions may not be very frequent but whenever they happen, a huge crowd is sure to come and in only three to four days, you can earn a lot.

She did the same and earned a good amount. Her appearance in such festivals was for six times and the earned money was £9000. Christmas and New Year were the most lucrative occasions to get her a big earning.

She never missed to work out on the costs in every 3 weeks

Soon after she gathered a good number of customers and understood the core of their choices, she kept working on the cost part. In every 3 weeks, she used to give big discounts on one of her most sought-after cakes for four days.

First four days of the week after every three weeks, she gave 30% discount. This brought her a big lot of customers on the store. Results were promising with a big sale. This earned her £10,000 in the whole year.

I must say I am a bit jealous from the speed that she was growing in her commercial profit. However, I cannot deny the fact that all the business minds out there can take this example as an amazing revolution. They can experience the same progress. She does that even now and her tactic is working really well.

Online outlets gave the bonanza results

Of course, online presence is vital for every business nowadays. Emily made sure that her ‘sweet bites’ keep an appearance on all the online food delivery outlets. She got countless home delivery orders and obviously, that was sure to reciprocate through a huge profit. This earned her £50,000 on normal days and during festive season; the profit added £25000 more in account.

Expansion to new locations in the city gave her unprecedented profit

As Emily was doing great, on day she told me about her plans to expand her business to the new locations in the city. In four months, she managed to open four new small stores. Three of them are on a lucrative spot with a good crowd around and one is outside the metro station. Finding a right spot is always a smart move and first step towards the promising chances of profit.

After a few bumpy roads initially, the stores went for a great take off and started showing the high profit margins. By the end of one year she earned around £2,05,000.

She is a star! No surprise that even today she is doing great and will continue with the same zeal.

I have told the stunning journey of Emily to many of my friends. As I expected, many of them want to try their hands in the same field. In total, she earned £299000.

Financial arrangements that Emily made to earn the fortune

For sure, no one can grow in business without the timely and ample backing of money. Before you earn, you need to invest and for that, funds are necessary.

Emily arranged the funds through the following ways –

Funds are vital for any business and Emily had her own ways to arrange precious pennies.

· Savings – It is the strongest point, as I know her since the college time. She was the most rational and reasonable person in expenses in my friend circle. Keeping records of every penny, spending wisely on necessary things, staying away from spendthrift nature are her habits. This really showed great results when she thought to take her business to a better status. Almost half of her spending on business expansion came from the savings.

· Loan – To bridge the rest of the financial gap, she thought to take out 12 month loans from a direct lender. The instalments were easy and small due to lower rates after the customisation of the loan deal. After exploring the lenders like new horizons, amigo loans, she finally stopped on British Lenders because of its speedy procedures.

I can say that Emily will become a renowned business personality in the near future. Her wise mind is praiseworthy. But you know what, we all can do this with a good mix of decision making power and management skills. In the end, I will congratulate Emily for her tremendous success and wish her all the best for the future progress too.