AI actually made this cake already and I think I underpriced it. Now someone wants to order this same cake and does not know what i charged before. so now i can charge correctly. I know the pricing rules but as a part time business just starting out as a cottage baker, I am not so confident. I am not great at breaking down my costs and I can't compare an hourly wage to what I make at my day job which is a lot (not bragging just trying to be realistic). Please tell me what you would charge for this. [IMG ALT=""]http://cakecentral.com/content/type/61/id/3124989/width/350/height/700[/IMG][IMG ALT=""]http://cakecentral.com/content/type/61/id/3124987/width/350/height/700[/IMG]
ABTW this is a 10 inch round about 5 inches high.
ACheck out the Pricing Formula link in my signature below.
If you need help breaking out your costs, start from the very beginning of the process of making the cake and record the ingredients and supplies needed, then compare that with the unit price you paid for the ingredients/supplies. Include your overhead costs as well, allocated over your estimated order volume.
The hourly wage for a cake decorator is usually in the $15-30 range depending on skill, efficiency, and the cost of living. Salary surveys and market research will help you determine what to pay yourself as a decorator, and don't forget your profit margin to pay yourself as an entrepreneur.
Hi Jilliebean, you do very nice work by the way, with all the detailed work and its with fondant, I would charge at least $5.00 to $6.00 per slice. But that is just a basic rate for where I'm located, it could be much higher.