I've gotten an inquiry for a cake for Sept. of 2016. Given the ever-increasing costs of goods, I'm considering changing my pricing for 2016. How would you handle this - quote based on 2015 with the caveat that pricing for 2016 may differ slightly?
Any suggestions would be appreciated.
If it is paid in full, in advance, you charge current prices (money goes in the bank, and that interest- in theory- helps with the increased costs later down the road).
If you plan on an increase, charge her "new prices". You just have to absorb any unforeseen increases beyond your new pricing structure.
You will always be able to go back to her and refund any "overcharge" but there is not way you can go back and increase after contracting.