In today’s post, I’d like to share 10 reasons to start a coffee business. Keep in mind this is just my opinion and we can agree to disagree.
First off, there are many types of coffee businesses. You could:
- Start a coffee shop
- Private label your own coffee and sell it online
- Join a Coffee MLM Company
- Start a mail order coffee business
- Create a YouTube channel or blog about coffee
- Wholesale coffee to other entrepreneurs
- Develop your own brand from scratch
- And much more!
Picking the business model that works for you is a personal decision. You could make money or lose money using any of these business models. Individual results will vary, so choose wisely.
Top 10 Reasons to Start a Coffee Business
Here are the top 10 reasons to start a coffee business.
# 10: Mass Market Item
Coffee is a mass market item. From what I read online, more than 83% of the world’s population drinks coffee. Considering there are about 7.8 billion people worldwide, 83% is a LOT of people.
Coffee is something most people already use. That means you don’t need to bring a new product to the marketplace and get people to create a new spending habit.
# 9: High Demand Product
Regardless of how bad the economy gets people will still drink their coffee each day. For most people, having their cup of coffee is an important part of their day. People will give up LOTS of things before they give up their daily coffee. How about you?
Coffee is not just a drink. It’s a global commodity. As one of the world’s most traded products-second in value only to oil-the coffee industry employs millions of people around the world through its growing, processing and trading. Source: BlackGoldMovie.com
# 8: Consumable Item
Coffee is a consumable item. It’s something people use up and reorder, month after month. This leads to repeat sales. One loyal customer who orders your coffee every month is very valuable to you. Plus, selling products that need to be reordered monthly are much better than selling a product that is a one-time purchase.
# 7: Great Margins
Coffee has great margins. In some cases, you can mark up your product 30 to 50 percent and even more. If your coffee is a specialty product, you might have a 100% markup.
# 6: Extra Income
Another great reason to start a coffee business is to generate some extra income. You can start your business part-time, as a side hustle, while you keep your day job. You can have some great tax deductions, learn new skills, and supplement your current income. You can stay part-time until your business income surpasses your job income.
# 5: It’s Fun
Selling coffee is fun! It’s nice putting a smile on someone else’s face by selling them something they want to buy! Plus, when you do something you love you will never work a day in your life!
# 4: Call Your Own Shots
Another good reason to start a coffee business is to call your own shots. Some people are just not cut out to work for someone else. When you own a business, the buck stops with you. You get to make the decisions and run the business the best way you see fit.
# 3: Work from Home
Depending on which business model you choose, you can run your coffee business from your home. This helps keep your overhead and expenses low. Plus, you can eliminate your commute and work in your pajamas (if you want to).
# 2: Build an Asset
One of the best reasons to start a coffee business is to build an asset. If you build your business right, so it eventually runs without you, you can sell it for a nice profit, and have your big payday, when you are ready to cash out. Or, you can hire someone else to run it for you and enjoy the profits as a silent partner.
# 1: World-Wide Opportunity
Selling coffee can be a worldwide opportunity, especially if you have your own brand or sell online. If you can find a way to be different in the marketplace, the options are endless. Who knows, you might end up shipping your coffee to Thailand, China, or South America. That’s the power of the internet!
My Favorite Coffee Business
My favorite coffee business is HB Naturals. In addition to their Smart coffee and CBD coffee, they offer about 90 other natural and organic products. You can join as an independent sales rep for free. You do not need to collect payments, keep an inventory, or make deliveries. You just share your personalized link with others, make sales, and get paid.
You get paid daily. You get 8 free websites and a free email marketing system. You earn 20 to 50 percent commissions on your personal sales. Plus, you have a business that ships to more than 100 countries. If you’d like to learn more about HB Naturals, you can visit my website here.
In conclusion, there are many good reasons to start a coffee business. Plus, there are many ways to do it. While most people would initially consider a coffee shop as their first option, there are cheaper, less risky alternatives you can pursue. Like any business, there is potential risk, so please do your due diligence, listen to your advisors, and trust your instincts.
What are your thoughts? What are the top reasons you can think of to start a coffee business? Leave a comment below to let me know what you think. I look forward to hearing from you.