"Federated learning: out of reach no matter how close",Oleksandr Lapshyn
Economics How to build a Business Model
1. PROPOSAL FOR CONVERTING
YOUR HOBBY INTO A BUSINESS
NAME OF THE STUDENTS
ROLL NO.
Ms. GILLIAN DOURADO
68
Ms. NIDHI JAIN
75
Mr. SATEJ KHOT
83
Mr. JIGNESH MISTRY
93
Mr. CHETAS SHAH
110
2. Introduction
Cake as a product
Customization The Latest Trend.
A brief on Yolanda
Purpose of this project
4. Dem
and
Personalized / Customized cakes
Affiliations with event managers
Free birthday caps and candles
Advertising through radio channels in form of gift
vouchers
Baking classes
Free pastry to frequent clients every quarter
(Innovated pastries like Red velvet cakes)
Free delights to school students on a particular
occasions
Cake on Wheels
6. Price
Pricing Strategy to Gain Market Share:
Manage Fixed & Variable Cost
Optimum Utilization of Resources
Bulk Buying
Customization
Build Image of the Product in Consumer Mind
9. Conclusion
• Money out of hobby- There is no specific marketing
strategy to be followed: spreading the word through
friends and family or even putting up a page on Facebook
and you're set to make profit out of your interest.
• Yolanda a role model- Yolanda can be a role model for
many young entrepreneurs to convert their hobbies into a
money making livelihood and enjoy their work.
Book One now !
So if you have an occasion coming up with a theme for the
party in place, you could surely contact Yolanda and have
her design a cake with a personal touch to match the
theme, which will surely make your Friends envy about it.
10. Conclusion
• Money out of hobby- There is no specific marketing
strategy to be followed: spreading the word through
friends and family or even putting up a page on Facebook
and you're set to make profit out of your interest.
• Yolanda a role model- Yolanda can be a role model for
many young entrepreneurs to convert their hobbies into a
money making livelihood and enjoy their work.
Book One now !
So if you have an occasion coming up with a theme for the
party in place, you could surely contact Yolanda and have
her design a cake with a personal touch to match the
theme, which will surely make your Friends envy about it.