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How much should I charge for my cakes, Please Help. - Page 2

post #16 of 26
Quote:
Originally Posted by as you wish View Post

From time to time I require the specialized services of an electrician or a plumber or a mechanic. It never once occurred to me to begrudge them their pay because I think they are just in it for the money. Who doesn't do their job for the money?! Would I think I should pay the plumber less if he enjoys his job? Would I tell the electrician that he is overcharging because all he has to pay for are wires and switches? Cake baking and decorating are the same as any other specialized job, in my opinion. icon_smile.gif

 

Yep;-D

post #17 of 26
Quote:
Originally Posted by Saltedbutter View Post
 

Thank you for all your help and advice...Got a few more orders and this time I calculated it pretty well... and I felt a lot more confidant in my prices. Some refused, but hey its their loss not mine :) I wont feel bad about people turning me down anymore. If they don't want to pay my price then they can go somewhere else :)

 

Yes!  This is the right attitude!  You are going to do great!

 

Liz

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Follow me on my Twitter handle: @Sugar_Iowa

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post #18 of 26
Well done!
post #19 of 26
Both of your cakes are beautiful
post #20 of 26
Yay you!
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post #21 of 26

When you work out your cost and you get an idea of how long it will take (or should take) you will feel more confident charging what you do. Now when I give a quote I tell them, "This cake will cost about $...... in materials and ingredients and it should take me about ......so many hours to make. I think educating them is the key! I used to be one of those people that thought "They charged HOW MUCH for that cake!!!! What a rip off!!" Now that I know what it takes I don't think that anymore.

 

Some ppl on cake central use a spreadsheet (and have shared it here) to caculate their costs, that may help you.

post #22 of 26

Salted, in case you missed it from the previous posts, the reason to be in business is to make money. It's wonderful you're learning this at 19. Many people a lot older than you don't get this.

 

What you see mostly about pricing on this forum is how to determine cost. But that's not how you figure your prices. The way to determine pricing is to research the cake prices in your town. That tells you what cakes go for. It's important to know your costs because that's how you decide if there's going to be enough profit when you sell your cakes at the market rate.

 

Take care that you don't use the prices of people who don't know how to price. Usually you can depend on the prices of brick and mortar bakeries. Sometimes you'll want to be charging more than they do, especially if they use lower quality ingredients.

 

Quote:

Originally Posted by MimiFix View Post
 

I've also read members say they charge less (than some professionals) because they don't want to rip people off. 

That is going to make my eye start twitching.

post #23 of 26
@howsweet mine are twitching for the both of us.
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post #24 of 26

Sadly, I feel like we're losing. Maybe we can still win a battle or two, but (as the metaphor goes) they've already won the war. 

VISIT US at BAKINGFIX

 

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post #25 of 26
And it reminds me of something JasonKraft would say. Sometimes the damage done to local markets is irreversible, or can't be undone for years. Some awesome person really screwed it up for the rest of us semi recently. They blew into the scene with really cheap cakes that were not horrible, not great either, but good enough for the masses, got a huge following partly because their family name was "local celebrity", and they were just so accommodating and cheap, so extra loving there! They got burned out and up and quit one day. The rest of us started getting the panicked requests, and they were alllllll expecting the moon for pennies. We were comparing inquiries with each other daily, amazed at what these people were telling us they would pay at the burned out decorators business. None of us ever did any cakes for those people, but every once in awhile one of those old customers will pop up referencing that place, and it's the same old shocked replies. And boy are those people rude! Demanding, rude, you name it. Can't for the life of me imagine why that other person quit, lol...said with dripping sarcasm. Anyway, so yeah, it's still affecting the market in a way.
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post #26 of 26
Holy crap, run on paragraph! Sorry!
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