New Year, New Opportunity! Part 3: Virtual Restaurants: The Business of the Future
Do you like Food & Money? How bout an opportunity in the lucrative phenomenon of Virtual Restaurants! Start brainstorming recipes & get ready to launch your culinary career as we explore this growing trend in our 3 Part Series.
Have you ever dreamed of owning your own business? If so, a virtual restaurant might be the perfect opportunity for you. In this post, learn why starting a virtual restaurant can be an incredibly lucrative career move and how to ensure that your new business is a success!
Virtual Restaurants: The Best Business to Own in 2017
With the popularity of apps like Uber Eats, Deliveroo, and Foodora, many people are turning to entrepreneurship as a way to earn additional income. Statistics show that 1 in 3 millennials have started a side business, and it's no wonder why! An average Virtual Restaurant makes $870 per week! Meaning that soon, you could be raking in $43,700 per year if you work just 30 hours a week! Imagine the possibilities that could open up for you if your income is no longer limited to your 8-5 job.
Why Virtual Restaurants were So Lucrative in 2017
1) More People are Eating at Home.
Statistics show that nearly 40% of Australian's eat out every night! That means the opportunity for virtual restaurants is higher than ever. By taking advantage of this industry, you'll have no problem finding customers--especially if you offer something new or different.
2) Flexible Hours.
Almost everyone has said the dreaded "I wish I had more time to myself" at least once in their life. With virtual restaurants, this is your chance to have your cake and eat it too! Even if you're married with kids, working in the evenings when your spouse/kids are sleeping will give you just enough time to get things done. For that reason alone, I think everyone should work a night shift now and then because getting things done when no one else around feels so great!
3) Technology Makes Everything Easier!
Because people can automate most business elements almost everything these days, which means less work for you means more money in your pocket. You can create a website, set up different social media accounts and email templates all by yourself! This saves you a ton of time and allows you to focus on what really matters.
4) No Experience Required.
It's not necessary for you to have any formal qualifications or restaurant experience to run a successful virtual restaurant. I've even seen some people start this business as their first venture into entrepreneurship which can be very risky, and if successful, that payoff is incredible! I don't know about you, but the possibility of making bank from day one sweetens the deal for me!
Soooo, How Do Virtual Restaurants Really Work? 🤔
The concept behind a virtual restaurant is simple: You buy recipes from an established business (who already has a loyal customer base), make the food, or hire someone to do it for you and then deliver it straight to the customer's door. For example, if you buy Tasty recipes, you can easily create a virtual restaurant using their videos without much experience!
That said, specific criteria must be met to run a virtual restaurant successfully:
1) You'll Need Some Start-Up Money
The first thing you should know about starting your own business is that most of them require an initial investment. This means setting aside some money to land the best deals with established companies, even if it's only $1000-2000 dollars. If this scares you, don't worry because I'm going to show you how to get around this little problem in step 2.
2) You Need Some Online Presence Without a strong online presence, you can kiss your chances of success goodbye!
That's why it's essential to make sure you have an eye-catching logo and website (I'll show you how later on. Most people recommend getting at least 200 subscribers before hitting the ground running, nevertheless, if you do this correctly, that really won't be necessary!
3) People Need to know YOU or Your Food
The truth is that people don't want just any food delivered to their door--they want YOURS specifically. For this reason, it's vital that you invest some time into marketing yourself by participating in blogging activities and social media so your customers get to know the real "you."
Conclusion:
By now, I'm sure you're pretty darn convinced that starting a Virtual Restaurant is the way to go! It's true that if you invest enough time into this business, it'll pay dividends. We all have the same 24 hours in our day, so what will you do with yours? Start working on your new menu or sit back and relax knowing where your next paycheck is coming from? The choice is up to you, but whatever you decide, one thing's for certain: With New Year here, there has never been a better time to start making your dreams of entrepreneurship come true!