What Is A Good Price?

Business By cateredbaking Updated 24 Feb 2014 , 8:44pm by MimiFix

cateredbaking Posted 24 Feb 2014 , 4:05am
post #1 of 8

I made the following revel cake for a baby shower. I charged the client, $45, which I know is too low but I'm not sure what would have been the appropriate price.


Can someone tell me what would have been a more appropriate fee?   

7 replies
amcgough Posted 24 Feb 2014 , 5:12am
post #2 of 8

That looks like a lot of work. You'll need to keep an eye on how long it takes to do something like this and, bearing in mind you will get a little faster, estimate your hours for the next cake.

There's some good guidelines in the online course http://startyourcakebusiness.com

morganchampagne Posted 24 Feb 2014 , 5:21am
post #3 of 8

AIf you type pricing in the search bar..you'll find loads of good advice there.. it will really help!

morganchampagne Posted 24 Feb 2014 , 5:44am
post #4 of 8

AWow! $45. That's extremely low. For your own sake, I have a suggestion. I would stop taking orders until I get a good solid understanding of how to price out your cakes. Charging that low not only affects you, but it could have an effect on the market in your area.

Seriously no offense intended. I researched and practiced techniques for 2 years before I opened. It takes time to get it right. If you're struggling with pricing you aren't ready just yet.

BeesKnees578 Posted 24 Feb 2014 , 6:15am
post #5 of 8

AIt is low but you have to take into account the area you are in and your skill level.

Godot Posted 24 Feb 2014 , 6:16am
post #6 of 8

ADo your own homework and learn your own costing out so you can price your product accordingly.

Do this (and hone your skills!!) before you go into business and start selling product.

BeesKnees578 Posted 24 Feb 2014 , 6:24am
post #7 of 8

AAnd many other variables - ingredients, time, etc.

IMHO I wouldn't necessarily describe this as a professional level, skillfully designed custom cake and wouldn't expect to pay top dollar for it.

MimiFix Posted 24 Feb 2014 , 8:44pm
post #8 of 8

Learn how to price your cakes.      

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