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how much would you price this cake?

post #1 of 37
Thread Starter 

how much would you charge for a cake that looks like this 

 

top would look like the picture below

 

 

 

sides would look like picture below

post #2 of 37
Check out the Pricing Formula link in my signature below for more info on how to set a price using your own costs and local market value. You may also want to read the Copyright Law link, since you would need to obtain permission from Tom & Jerry's copyright owners before reproducing their likenesses on a cake.
post #3 of 37
Quote:
Originally Posted by jason_kraft View Post

Check out the Pricing Formula link in my signature below for more info on how to set a price using your own costs and local market value. You may also want to read the Copyright Law link, since you would need to obtain permission from Tom & Jerry's copyright owners before reproducing their likenesses on a cake.

permission.....mandatory.....keep reminding 'em

 

(ps: how's the new bakery going?)

~~We are living in a world today where lemonade is made from artificial flavors and furniture polish is made from real lemons. ~Alfred E. Newman  
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~~We are living in a world today where lemonade is made from artificial flavors and furniture polish is made from real lemons. ~Alfred E. Newman  
Flowers
(1 photos)
Halloween
(4 photos)
Fishing / Hunting
(12 photos)
Reply
post #4 of 37
~~We are living in a world today where lemonade is made from artificial flavors and furniture polish is made from real lemons. ~Alfred E. Newman  
Flowers
(1 photos)
Halloween
(4 photos)
Fishing / Hunting
(12 photos)
Reply
~~We are living in a world today where lemonade is made from artificial flavors and furniture polish is made from real lemons. ~Alfred E. Newman  
Flowers
(1 photos)
Halloween
(4 photos)
Fishing / Hunting
(12 photos)
Reply
post #5 of 37
Also keep in.mind that Tom and Jerry are licensed characters and its illegal to replicate them.
post #6 of 37

8" -  $112.00

9" - $136.00

10" - $154.00

12" - $208.00              

post #7 of 37
Edit: its illegal to replicate the characters withoutthe owners consent. If you're able to get permission to recreate them..it's fine
post #8 of 37

Yeh........you've mentioned your opinion a time or 200. The OP asked "how much would you charge for a cake that looks like this" and I answered. That's the typical rate charged by 15 or so bakers in my area.  We all agree that it's the pricing structure that we are comfortable with. We're a friendly group and all make decent livings doing cakes so it works for us. 

 

Probably more helpful for you to consider answering the question that was asked?

post #9 of 37
Quote:
Originally Posted by howsweet View Post

About $6,500. That's for a rather large cake... Since you didn't specify size, I just randomly picked one.

Ok, what I'm trying to say is that maybe you just need general info on how to price because if you think that anyone can possibly quote something out for you without any idea what the size is, you may not be quite ready just yet to go into the cake business.
 
howsweet, many of us find your help to be priceless. You often see past the narrow question to answer the larger issue. Thank you.

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post #10 of 37
Thanks, Mimi.

Goodvibrations did you just say that a group of bakers got together and decided on prices? Surely you didn't mean to say that.

My comments are typically understood by those who actually make a living on cakes. Are you saying that's what you do? As in, you could support a household charging what you charge for cakes? And have enough hours in the day to make as many cakes as you'd need?

So you're tired of hearing me bring this up time and time again? You can't even begin to imagine how sick and tired I am of competing with people who undercharge for cake. It effects whether or not I can pay my bills. But I'm glad your friendly group is content in its insulated bubble.
post #11 of 37

For those who don't know, price fixing is illegal.  However, it does not stop groups of people who are employed in the same industry from sharing their pricing with each other.  That is not illegal.  It is up to each individual to use that information in a way they see fit.  Maybe they see they are the lone person to underprice their product, and adjust accordingly.   But to actually decide among a group that we are all going to charge "X" - that is price fixing.

 

Tread carefully on this subject.

 

Liz

Follow me on my Twitter handle: @Sugar_Iowa

Or on Facebook: https://www.facebook.com/SugarFineBakedGoodsAndConfections

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Follow me on my Twitter handle: @Sugar_Iowa

Or on Facebook: https://www.facebook.com/SugarFineBakedGoodsAndConfections

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post #12 of 37
Quote:
Originally Posted by liz at sugar View Post
 

For those who don't know, price fixing is illegal.  However, it does not stop groups of people who are employed in the same industry from sharing their pricing with each other.  That is not illegal.  It is up to each individual to use that information in a way they see fit.  Maybe they see they are the lone person to underprice their product, and adjust accordingly.   But to actually decide among a group that we are all going to charge "X" - that is price fixi

 

Tread carefully on this subject.

 

 

Did you just warn her that if she's been price fixing, she better not mention it it in public?

 

If you go to her website, you'll see she says her average price per serving is $2.25. That's about $4-5 less than what a bakery in her area would have to charge. As I've mentioned before, the trade laws were written with the assumption that people would act in their own best interests when setting prices, not be inexplicably charging LESS than fair price. I doubt there's any law that applies to that kind of stuff.

post #13 of 37
Quote:
Originally Posted by howsweet View Post
 

 

Did you just warn her that if she's been price fixing, she better not mention it it in public?

 

If you go to her website, you'll see she says her average price per serving is $2.25. That's about $4-5 less than what a bakery in her area would have to charge. As I've mentioned before, the trade laws were written with the assumption that people would act in their own best interests when setting prices, not be inexplicably charging LESS than fair price. I doubt there's any law that applies to that kind of stuff.

 

No, I'm just explaining to anyone who reads this what price fixing is.  Not everyone here has the same background in studying monopolistic behavior.

 

I agree that it would be idiotic to agree to fix prices where everyone's pricing stays artificially depressed, instead of the usual way, where prices are set artificially high, and there are no alternatives for consumers.

 

I am saying to be careful in how you run your business, and how you share information with competitors, because you don't want sharing to be confused with actual price fixing.

 

Liz

Follow me on my Twitter handle: @Sugar_Iowa

Or on Facebook: https://www.facebook.com/SugarFineBakedGoodsAndConfections

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post #14 of 37
Quote:
Originally Posted by howsweet View Post
 

... trade laws were written with the assumption that people would act in their own best interests when setting prices... 

 

We need to remember that many people who bake at home have no business sense. They underprice out of ignorance, not malice. They're not criminals, just hobby bakers who don't understand (or care) about the impact their prices have on the larger community. 

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post #15 of 37
Quote:
Originally Posted by howsweet View Post

As I've mentioned before, the trade laws were written with the assumption that people would act in their own best interests when setting prices, not be inexplicably charging LESS than fair price. I doubt there's any law that applies to that kind of stuff.

What goodvibrations described could be considered both price fixing and predatory pricing (where a business prices below cost in order to drive out competitors or new market entrants). Both are antitrust violations in the US and could be legally actionable.

http://en.wikipedia.org/wiki/Predatory_pricing
http://en.wikipedia.org/wiki/Price_fixing
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