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Can you make a living from Cupakes?

I need to earn about 10K a year to make up for losing my part time job & fancy doing something very different. I used to do admin, now I want to set up my own cupcake company.
to anyone out there that runs their own cupcake company any tips more than welcome. thanks

Comments

  • Jo_F
    Jo_F Posts: 1,780 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Like any craft you need insurance, somewhere to sell them, customers willing to part with money.

    Also I would have thought that you will also need food hygiene certificates, a place to cook/bake them (which will need to be checked etc).
  • soolin
    soolin Posts: 75,001 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Have you costed it all out and do you have a business plan and regular customers lined up.
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • Moominmamma
    Moominmamma Posts: 669 Forumite
    Have you had a look at the cash for baking thread on here? It's very informative :)
  • lincroft1710
    lincroft1710 Posts: 19,449 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you could make £1 on every cupcake sold, that is sale price less all your costs and overheads, but not your wages/salary then you would need to bake 10,000 pa, or approx 200 a week and then actually sell them. If you can only achieve 50p per cupcake then you're looking at 400 a week.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • soolin
    soolin Posts: 75,001 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Don't forget to factor in all the tax and NI as well.

    The only person I ever saw make any money at all from home baking was someone who specialised in gluten free goodies, and had a completely gluten free kitchen...mmmm. She sells via mail order.
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • cril01
    cril01 Posts: 30 Forumite
    Have you considered joing Country Markets, it is a low risk way of selling baking goods with little overheads.
    You probably won't achieve the amount you are looking for but it seems a good way to start.
    I am just starting to go down this route but will be selling a range of baked products.
    They can help out with training, provide insurance etc.
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