Make Money In Your Own Coffee Business
By C.S. Deam
A 2001 survey by the National Coffee Association indicated that over 100 million people drink coffee on a daily basis and that nearly 60 million more occasionally consume coffee. Based on average drinking habits, the daily coffee drinker will consume multiple cups per day - totalling hundreds of millions cups of coffee being consumed every 24 hours.
Such enormous consumer demand coupled with the growing trend toward gourmet coffee presents an opportunity for the enterprising coffee lovers to take their double shots at generating income while working in an industry which makes their coffee passions percolate.
Coffee-loving entrepreneurs can choose from a wide range of opportunities available to find ones that best matches their tastes. Interested in starting small? Start with a couple machines and a cart. More grande ambitions? Consider a coffee shop franchise.
The Specialty Coffee Association of America's "Market Report" forecasts that the number of coffeehouses in the U.S. will grow to 15,000 by the year 2006. Will one of those coffeehouses be yours?
You can take a couple different paths can to starting your own coffee themed business. One option is to buy the equipment and supplies yourself, building your own identity and business systems. The other option is to purchase a franchise and benefit from their proven image, proven systems, and established supply chains. Let's look at some examples of coffee related businesses that you could start for yourself.
If you choose the independent route you can use a wholesaler such as Mr. Churro's to help get you started. Mr. Churro's is Miami-based wholesaler of professional grade machines for making espresso, coffee, and hot chocolate. Beyond acquiring equipment from Mr. Churro's you would need to work out other details of your business details on your own. For example, you would need to find a coffee bean supplier, find a suitable business location, and also learn how to run a coffee business.
For a more turn-key type of operation, The Coffee Beanery, a global franchise based in Michigan, provides franchisees with a wide menu of coffee based drinks as well as an attractive breakfast and lunch menus. The franchisee benefits from a proven image, a proven menu, a fully developed method of operation, and an established supply chain. It might cost more to purchase a franchise, but if you are new to business, the long term benefits might outweigh the short term higher startup costs.
Coffee News USA is a third type of coffee related business opportunity. Unlike the previous two examples, Coffee News USA does not involve making and selling coffee beverages. Instead, Coffee News is publishing opportunity in which the franchisee provides a free local edition of the weekly Coffee News newspaper to restaurants and coffee shops. The franchisor provides most of the content, and the franchisee sells advertisements to generate income.
These three business opportunities a just a few of the coffee related businesses that are available for coffee lovers. Most of the other opportunities are franchises, but not all franchises are created equal. Examining each business opportunity carefully can bring to light some important differences that might lead you to an opportunity that is better suited to you than another.
With over 300 million cups of coffee being consumed daily in the US, a coffee-related business opportunity should be a strong consideration for the enterprising coffee lover. Contact information for Mr. Churro's, The Coffee Beanery, Coffee News USA, and more than 400 other specific business opportunities is available in the eBook, "Mind Your Business 101: How to Select & Start Your Own Business," for only $16.98 USD at www.LinkertonPublishing.com.
About the Author
C.S. Deam is the "mind behind" ToothyGrin.com, ComputerNuggets.com, DishAddict.com, and Online-Auction-Description-Blaster.com. Visit his sites and see what kind of goodies he's giving away this week.
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What Everyone Should Know About How To Buy Wholesale
By: Melanie Burns
Finding a supplier for the product you want to sell, at a price that you can profit from, can be a big task. The best suppliers for your online sales or auctions do not advertise their services and often cannot be found online.
Those that you can find online tend to be middle-men. It is often difficult to get a good enough price to make any real profit online.
Let me tell you about my simple 2 step system to find an untapped source for wholesale suppliers. This is so simple that it's often overlooked as a source for product. This system involves thinking outside the box and not letting policy stop you. (continued below)
The First Step to find a supplier is to find someone that already sells or has access to what you want to sell. This could be a website, an eBay seller, a manufacturer, a wholesale outlet, or a regular store in your city. This is the easy step. You know what you are looking for and you can search on the internet, not for a wholesale source, but for anyone already selling what you want to sell.
Another valuable source for a local supplier is your local phone book. The yellow pages are the best way to find local sources. This should be the first place you look. Doing business locally with someone that you can meet face to face is a big plus for your business.
Another potential source for your product is to find a distributor who would be willing to private label a product for you. You could get a very high quality product for a much lower price than if it had the name brand label.
The Second and Key Step is to convince the source you found to become your supplier.
Manufacturers and wholesale sources often have minimum orders that might be beyond your reach if you are just starting out. Online retailers, eBay merchants, and retail stores may be your best bet. Try to find a small store who is looking to expand.
But remember, you are dealing with a human being and they can be convinced to do business with you. Just be sure to sweeten the deal for them. One way is to offer the person you are dealing with at your new found source, a percentage of your profits from the products he supplies you.
Be sure to project it out for him. If he can see the benefit of working with you even though it causes extra work for him, you can be successful in making a deal.
You could offer him 20% of the profit from sales of his products. For example you could show him that you project to make at least $100 profit from each product, and you expect to sell 40 of them per month. The $4000 a month means an extra $800 per month in his pocket. You still make a nice $3200 profit for the month in this example.
On top of that, he will be ordering more products from his supplier and may be eligible for a higher price break from them. This way, his reward for the effort to work with you, is making money on both sides.
There are many benefits you can offer your potential supplier, but no matter how you look at it, the main thing it comes down to is MONEY. What's in it for your potential supplier to do business with you? If can you show him that, you have a better chance of making a deal with him and starting your online sales.
NOTE: When looking for suppliers around your city, don't go trying to impress the big stores with your $800 or even $3,000 extra income per month proposal. Try going to the little stores that are looking to expand their business, they are the ones that are usually more open to new opportunities.
The big stores are making hundreds of thousands of dollars per month in profits, so an extra couple of thousand would probably not impress them the least bit.
So now you see that by thinking outside the box, you open the door to many possibilities and increase your ability to make money online with your products.
About the Author:
Copyright © Melanie Burns
This article is free for reproduction but must be reproducted in its entirety including live links and this copyright statement. Subscribe to the iBusiness How2 Newsletter to receive hot tips, how to's, internet business tools, and relevant product reviews by sending an email to: newsletter@internet-business-how-to.com
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