Ginee
14-6-2022
Are you intending to set up your milk tea business in the Philippines? There are many things you need to consider before running the business. Let’s check this article out!
Milk Tea Business Trend on the Philippines
Who doesn’t love milk tea? In the past few years, milk tea or bubble tea has been really popular not only in the Philippines but also in other countries. Milk tea is one of the popular businesses that people run nowadays in the Philippines.
For your information, milk tea originated from Hong Kong and bubble tea originated from Taiwan. The Philippians are really in love with these beverages. That’s why there are many milk tea or bubble tea stalls you can choose in the Philippines.
Choosing the Right Name for Your Milk Tea Business
When you are interested in setting up your own milk tea business, you need to think and prepare several things and one of the important things you need to consider is your milk tea business name and also the logo for milk tea business. If you are running a new brand of milk tea, you need to work harder to compete with the other popular brands.
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You can start thinking about your milk tea recipe that is different from others. To make it easier, you can try to find milk tea business plan examples so you can write all your business data. But if you don’t have any idea about your business name or recipe, you can franchise and try to find a milk tea business package that is suitable for you.
Creating Your Milk Tea Business Plan
Are you looking for a business plan about milk tea? The way to write a milk tea business plan is just the same as how you write other business plans. You have to write down your milk tea business description completely. Here are several things you need to write in your business plan.
Create Your Best Milk Tea Recipe
First you need to create your milk tea recipe for business. Make sure it is original and different from others. You can create something new by using other ingredients like soymilk, fruits and nuts for toppings or even ice cream. Make sure it tastes good before selling it to your customers.
Be Original
Your business brand originality is important. It helps to make you different from your competitors. That’s why you need to think about what makes you unique and different from other milk tea businesses. You can start from your business concept and also recipes.
Understand Your Market
Before starting your business, you need to understand your market by doing market research. By doing the market research you will know what people like and dislike, who is your target market and so on.
Read also: How a Business Creates Awareness in the Market? Find Out!
Hire A Good Staff
Your staff will be the one who helps you to serve the customers. You need to be selective when hiring a staff. Make sure they are fast, clean and good at speaking and also smiling.
Register Your Business
Another important thing you need to prepare is your legal documents to register your business. You need to find documents you need to submit so that your business will get the permits.
What Are the Equipments for Milk Tea Business
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When you are selling milk tea, there will be milk tea business equipments you need to prepare. The common equipment you need such as Tea Brewing Machine, Stove, Cooking Pot, Blender, Measuring Scoop, Cup Sealing Machine, Refrigerator, Cups and many more.For making your milk business tea unique, you can design your cup and straw differently. You can use the eco-friendly theme.
Step by Step on Starting Milk Tea Business
Here are the steps you need to take if you want to start your milk tea business such as:
Do Market Research
First of all, you need to do market research before you set up your milk tea business. By doing the market research, you will get a lot of information about the business you want to set up. You will understand how the business works and also your target market. What things they like the most and not. You will also understand the competition in the business too.
Pick a Niche
Once you have done the market research completely, then you need to make your business theme which is unique and different from others, often called as niche. You can apply it in your stall, menu or also product size.
Read also: 7 Ways to Target the Best Keyword Niche for a Good SEO
Handle Your Finances
Financials also play important roles when setting and running a business. Before starting your business, you need to prepare the capital. Capital is the amount of money that you need to set up a business.
Look for a Strategic Location
After that, you also need to find a good location for your business to set up. Find a place where your target market is. If your target market is teenagers, you can find a location near schools. You can also find the strategic location where many people are passing by.
Prepare All Your Permits and Licenses
You also need to prepare all your legal documents before running up your business. You need to make sure that you have received the permits and license before selling your milk tea products. Here are several permits and license you need such as:
- Health Department permit.
- Business license, name and logo.
- Personnel permits or licenses.
- Tax registration.
- Trade name registration.
- Employer registration.
Market Your Business
Once you have all the licenses, permits and also your business equipment, now you can run your business already. Make sure to market your business. You can market it through social media marketing. Don’t forget to offer a promotion too like buy 1 get 1 and so on. It really helps to increase your business sales.
Conclusion
When you are interested in setting up your own milk tea business, you need to think and prepare several things such as your business name, location, capital, permits and licenses, recipe and many more. You can try to find the information by doing market research.
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