206. Baking it Down - Expound then Expand

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💳 Expound then Expand - Plan before your purchase.

In this week's Baking it Down Podcast - Episode 206 - Expound then Expand, Corrie wanted to come to the altar with her confession of packaging purchases. Yeah - we're talkin' to the "overconsumption cookier" this week, 👣💥 and it'll step on some toesies (starting with Twin2's... er... TwinToes?).

It's easy to get ✨shiny object✨ syndrome when you check out the Best Bakes threads in the Sugar Cookie Marketing Group thinking, "Well, if that sold well for them, it might sell well for me! Let me buy these supplies." 

Here's the thing - that's not a guarantee, and it can actually be a distraction, not a sound business decision. And guaranteed it's going to impact your financials. Even worse is if you do get the supplies and never get around to selling that adorable Easter Egg PYO carton - 🥚🥚🥚🥚 you're now stuck with colorful cartons for an entire year - and that's bad for business and your bottom line. 

💰 1. Start with 1 versatile backdrop

White matte finish (use code SUGARCOOKIE on thebackersco.com to save 25% - they're one of the podcast sponsors that keeps this content f-r-e-e for y'all) is the most used backdrop Corrie has, citing that it's the one she reaches for 85% of the time. 📸 Know what that means? That's likely the only backer you'll need to get started. Yes, in time, snag a few more options, but when you're just getting started, "one and done" it until you've maxed out your photography skills on that backdrop. Then expand.

💰 2. Learn from the Target trays

If you were in the SCM groups around 2021 - 2022, you lived through the fun (funky) Target trays - 🪵 a wooden tray Target sold in its dollar spot that took the craft world by storm. Specifically, cookiers gravitated to this tray since it made for a high-quality package for about 20 cookies for Christmas - 🎄 talk about a best seller! But such is panic buying, some stocked up on these trays and were left with an unfoldable storage nightmare when they didn't sell out. 

The lesson? Find out if your audience wants the product first - then purchase. ️🎯 Overbuying for your clients who never wanted the product in the first place is a bad investment. What's the value of 50 wooden trays if no one will buy them? Hint: it's a negative number. 

💰 3. Purchase plain packaging to start

🎀 Cute packaging is a great way to up your customer benefits packaging and set you apart from the competition, but not if it sets you apart from your profitability. There's a sweet spot between really high-end custom packaging unique for every holiday and packaging that's on the plain side but works for any occasion. 

🏳️ I'm not saying "cheap white Amazon boxes or bust," but I am saying if you're getting started or you're in "packaging purchasing purgatory" rehab, go back to the basics. Add in fancy when necessary (and buy an appropriate amount - so like, not 50 units when you likely only have time to bake 10), but have the cheaper fallback as your go-to.

💰 4. Cut out overbuying cutters

Have your steel-toe boots ready, but here it comes. Overbuying cutters can cut your profit margins down to nothing. 🔲⚫ Plaques to get started and basic shapes are likely fine in a lot of cases. Client wants something super custom? Offer to bill them that cost or source a cutter you already have in your stash that's super close to their design and can save them a few bucks. Likely, your clients won't care, and you'll be able to stay