A lot of people who are inquiring about buying a cake or cupcakes from me (London Ontario) gawk at my prices. To me, they're fair - I think ..... Are my prices unreasonable? Or are my prices inflated? I can't figure out how to tell. I'm a baker just starting out and I'm trying to put together some extra money to have on hand when I open my little bakery - but I don't have orders.
If I cant make money now, how is my bakery supposed to run smoothly?
Recently I called all the local home-bakers and bakeries in my area and asked a simple question. What they would charge a large 12", 9", 6" tiered cake, with fondant, and a teddy bear cake topper. I got prices anywhere from $60 (what are they making the cake out of? dirt?) to $230. I currently charge $140 for the cake described.
I'm unsure if I should change my prices, or keep them as they are and wait for some customers who are used to purchasing specialty cakes which are of a hefty price tag.
I mean I feel like telling some people, if you want a $20 cake, go to Costco or Metro.
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