Question from a reader:”Do bakers make money?”
My answer is some do and some don’t. A great baker who has his own delicious recipes can generally get a good client base, work for somebody else’s bakery or start his own business either catering or running his own shop. Even in a Depression, people need to eat. More importantly, if you are good at cooking, people will find money to buy your goods even if they cost a little more. Even with cutting back on spending, people are finding that they need to treat themselves more for putting up with the Depression, hard times, you name it and you get the idea.
As to how much they make? That depends on the region you live in, the market you work in and what you are cooking. If you are in Southern California and for example were a pastry assistant, depending on where you were working, you might get anywhere from minimum wage an hour to an annual income of around $65,0000. Depends if it is a high end restaurant or not.
Can you make money baking from home? That is a tough one. You really need to have killer recipes and know how to market yourself. Once somebody comes up with a great recipe, family restaurants and chains out out of their way to knock it off. If you have the personality to sell it though, people will always come back to you.
You also will need to like working in hot, sometimes crowded fast moving environments. Kitchens are hot and with other workers scurrying around, you better like working with people. Even if you bake it home, you will need some customer contact because that will help you sell your goods. You may want to think of speciality items too – like muffins, maybe Middle Eastern, maybe Yankee, maybe Indian. You yourself know what you can bake so have at it and have fun. If you are planning on going hog wild with a business, read my entries and look up start up costs and rememer most restaurants fail within 3 years. So be careful.
Good luck and send me a box of baked goods when you hit it big (and even if you don’t).
May 23 2009
If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book, Practical Money Making, that is listed right after his paragraph in this very post. There are some great suggestions and ways to survive the Depression we are in.
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Kim Isaac Greenblatt
Beat the heat and make some dough