Hello ALL, i am going to start a little buisness at home and was wondering what the BEST prices would be for cakes...Thank you
Not an advert, but this site has one of the best basic write ups for establishing pricing. Prices are different for everyone cause there are so many variables that determine it.
Also be sure to check to see if it's legal to have a home based cake business. Many states do not allow it for food safety reasons.
Oh you are going to get so many opinions.
There are several great forums on pricing on CC already.
Try doing a search for cake prices or pricing.
First, before you set your prices, you need to know how much it takes you to make the cake. Not just ingredients, but your time, mileage/gas to buy supplies, electricity, etc...
Indidebi has priceless advice on this subject...check out some of her forum posts too!
SORRY>>>>Its indydebi.....with a Y...I read my typo after I posted...oops
1st - determine if it's legal for you to sell cakes from home
2nd - do a search. there are literally hundreds of threads on this very topic
3rd - in brief, calculate cost. Your cost is not just the ingredients, but gas and wear and tear on your vehicle to get ingredients, shipping costs for any supplies ordered online, electricty/water/gas for mixing/baking/decorating/clean-up, wear and tear on your appliances/pans/bowls/spatulas/tips/bags/etc, your hourly wage for shopping/designing/communication with client/mixing/baking/decorating/clean-up
4th - figure out how much profit you'd like to make (this is any money over the cost, if you only charge your cost, then you're just breaking even and not actually making any money)
5th - good luck!
Baking legally is the single most important factor in determining pricing.
Because if you're not legal, you can't charge.