Hey everyone,
Just want some general opinions about starting a bev company. Im really passionate about drinks and feel like I could have a product that fills a niche or might just be a good beverage in general.
I read previous post about needing capital because of production/distribution/marketing. Most people saying you’ll just fail and waste money.
My plan would be to spend around 50k for formula creation and the first assortment/marketing. Think this is enough? I’d also do local events/festivals with booths and check local stores to see if they’d carry my product.
Starting a soft drink business is a huge challenge and can be quite risky, especially in such a competitive market, even if you’re passionate and have a unique drink idea. However, your $50,000 budget for creating the drink, marketing, and initial production is a good start. Participating in local events and getting your drink into local stores are great ways to build your brand. And the beverage industry is competitive and challenging, so careful planning and adaptability are key. Success isn’t guaranteed, but your passion and a well-planned approach can make a significant difference. I recommend to give this article a read. Best of luck! https://www.cuppa.so/post/turning-your-big-idea-into-a-reality