Is Selling Coffee Online Profitable: How can I sell My Coffee Online.
00:00 Intro
00:37 Coffee Business plan
01:36 Online Coffee Profitable
02:51 Create Your Own Coffee
05:02 Fees Involved
07:28 Create Bundles
08:22 Coffee Subscription
08:38 Business Model
09:20 Individual Units
#coffeebusiness #coffee #foodbusinessidea
Damian Roberti, CEO and founder of Marketing Food Online, has been in the food industry for about 30 plus years. He explains how you can start an e-commerce food business selling coffee and making $10,000 a month in sales. And he shows you the way that you can do that through Amazon, eBay, and Etsy, and tapping into your own website. Before you take any of the advice I'm gonna give you on how to sell coffee, you need to make sure you're a legitimate business. What I mean by that is that making sure that you're in a inspected, licensed, food business insurance, you have all the business licenses from the city and county you're operating in, registered business with the state and an EIN number for your tax purposes with the IRS.
There are three different ways that you could actually sell coffee and actually package it. In order for this to work, you need to sell $30, it needs to be your average sale price per transaction on your own website or on Amazon, on eBay or Etsy. That is on average, it's around $34, $34 is the average price point for products that are sold on most coffee websites. Now, with that being said, there are going to be fees. So you want to make sure that you are bringing in around $30 for yourself after those fees, okay?
I recommend you be on as many websites as humanly possible because that's what we do. Having your coffee online in front of these different avenues and these different customers on these different platforms is only going to increase your odds of selling only 11 packages a day at $30 a pop. The more variety you give your customer, the better off your business is to succeed and to reach that $30 transaction price point. When you bundle several different types of coffee or even the same coffee with several different bags, 6 units, 12 units, and so on, what you do is you increase that transaction, you make that per transaction cost go up. So you have an opportunity to create a bundle where the customer is also seeing the value in buying multiple bags or multiple coffees, you create a higher price point.
And if you played it right, you can actually create bundles subscriptions where you've got three bags of your coffee going to a customer every single month. But let's just say it's around 40 to $50 for that one transaction. Again, you're already ahead of the game in that goal of getting $10,000 a month. Coupons, sales, and discounts are tremendous ways to drive even more sales, okay? You can create a coffee subscription business on Cratejoy that's reoccurring.
Use hashtags like #coffee, #Starbucks, #espresso. All of these different words with hashtags in front of them on social media platforms will only give your product more and more exposure. At the end of the year, you're doing over 120, $130,000 a year in coffee. If you are looking to create your own food truck, start a home-based food business under the cottage food law, franchise a food operation or start a packaged food business, sell on Amazon. It's not something that's gonna happen overnight and it takes a lot of work, but once you get it up and running, scaling it is much easier.
So if you love coffee and want to start an online coffee business I cover how to start and how to price. Is it profitable to sell coffee on Amazon (YES) if you understand how Amazon works and the pricing aspects! How much money can you make selling coffee? Well easily 6 figures a year when you break down the pricing per month and set small goals !
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26 июл 2024
