The Foodie Entrepreneur's Guide To Making More Dough

There are quite a few new foodie entrepreneurs. Thanks to the popularity of food bloggers, freelance copywriter and unique dining opportunities, such as supper clubs and street-food trucks and markets, the food industry is going through a particularly lucrative period. And lots of business professionals are trying as hard as they can to get a slice of this pie. If you’ve already set up your own food company, you’ve probably found that it’s easy enough to get it to the level where everything ticks along nicely. But are you ready to take things up a gear and make even more dough? Here are some tips that can help you with that.

Use Top-End Ingredients

One of the easiest ways to make more cash from your food business is to sell your products at higher prices. There is one way you can justify increasing the costs - by offering meals and dishes made from top-end ingredients, such as saffron, wagyu beef, and truffles. You will be able to find out where to buy truffles and these similarly expensive ingredients near you by checking online. Once you start to offer these ingredients, you will find that you begin to attract a more affluent clientele.

Offer Different Portion Sizes And Food Combos

One of the best ways to improve your food business’s revenues is to offer some combo meals. Your customers will prefer to order these meals as they are getting better value for their money, and they are very simple to order. You might also want to offer some different portion sizes, such as half portions or sharing plates. That way, you will appeal to even more customers, and everyone will be able to find a meal size to suit them.

Capped off another fun evening at the Hillsboro Tuesday Night Market with some Cajun tots from @on.tots. Seriously yummy! #MyTuesdayMarket #OnTots My hubby @mrdrewmaurice was nicely rocking his @santanbrewing Devil’s Ale inspired @hillsborohops New Era 59Fifty custom fitted from @hatclub #AllHoppedUp #MyHatClub #cajon #tatertots #tots #crispy #potato #portlandeats #portlandfood #pdxeats #pdxfood #pdxfoodie #foodie #hops #hillsborohops #santan #brewing #santanbrewing #devilsale #craftbeer #hatclub #newera #neweracap #neweracaps #newerahat #newerahats #59Fifty #5950

A post shared by Sarika Mehta (@sarikamaurice) on Jun 27, 2018 at 11:55am PDT

Diversify Your Dining Options

Once you can afford to expand the business, it is a good idea to consider diversifying your dining options. For instance, if you currently just run a street-food truck or have a market stall, you might want to think about expanding into a restaurant or cafe as well. Alternatively, you might want to start offering online orders and delivering your ingredients or food to customers around the country. By adding a different way in which your customers can use your business and buy your products, you will be able to increase your sales and appeal to a broader clientele.

Improve Your Front-Of-House Training

Another way to get even more customers to your business is to improve its reputation. People love to feel like they have been treated well whenever they dine out, and the best way to do this is to get a front-of-house team who know all about excellent customer service. If you are already happy with your current team, you could get them some more customer service training so that they can become even better at their jobs!

There are plenty of ways you can make even more dough in your food business, but the ideas above are some of the simplest to implement.  Collaboration.