Creating Pink Velvet Cupcakes is straightforward if you follow these steps:

1. Preheat Your Oven: Start by preheating your oven to 350°F (175°C). Line a cupcake pan with paper liners.
2. Mix Dry Ingredients: In a large bowl, sift together the flour, baking soda, baking powder, salt, and cocoa powder.
3. Combine Wet Ingredients: In another bowl, whisk together the vegetable oil, buttermilk, eggs, vanilla extract, and red food coloring until well combined.
4. Combine Mixtures: Gradually add the wet ingredients to the dry ingredients. Mix until just combined; do not overmix.
5. Fill Cupcake Liners: Divide the batter evenly among the prepared cupcake liners, filling each about 2/3 full.
6. Bake: Place in the preheated oven and bake for 20-25 minutes, or until a toothpick inserted in the center comes out clean.
7. Cool: Remove from the oven and allow the cupcakes to cool in the pan for 5 minutes. Then, transfer them to a wire rack to cool completely.
8. Frosting Preparation: While the cupcakes are cooling, prepare your favorite frosting (cream cheese frosting is highly recommended).
9. Frost the Cupcakes: Once the cupcakes are completely cool, generously frost each cupcake with your prepared frosting.
10. Add Final Touches: For an elegant finish, dust with powdered sugar or add sprinkles on top.

These simple steps will help you create the most delicious and visually stunning Pink Velvet Cupcakes!