I've been working on putting together a price list for my cakes. I've only been decorating for a little under a year and I've just started selling cakes. I want to be reasonable in my prices as I am just starting out. But, I do want to be able to raise them at some point. I was thinking after about 6 months to a year I could consider raising them. Basically, once I start to build a reputation.
My question is, do you all think that this is a reasonable amount of time to wait before raising them? Would you wait longer?
Also, for those of you who have raised your prices in the past, did you have any complaints from your regular customers?
TIA 
In the words of one of my cake decorating instructors..."if you get too busy...raise your prices". I think that's some of the best advice I've ever gotten. Also, keep tabs on your competitors, local bakeries, etc. If they raise their prices, raise yours.
i started out with my prices lower to help build the business. just guessing, after a year i went up a bit in price. as i get busier and see what the going rates are i adjust accordingly. and as time has gone on, how long certain techniques take. i would suggest small mark ups not huge jumps when you do this.
we learn as we go. time will tell.
good luck.
In 1996 we opened our bakery.
I charged $26.99 for a quarter sheet cake with a figure piped scene following a napkin or invitation. Today my price is $42. Every year or two I raise prices.
In 1996 I charged $80 for a 6" 10" tiered cake, today I charge $125 for the same cake.
In 1996 I charged 75 cents a serving for wedding cake, today I charge $2.75 a serving.
Prices go up 
on everything and they will continue to go up. If you don't keep up you may find yourself not making any money.
Currently I may be the highest in the area. I do a lot of wedding cakes. This year I have 49 booked so far.
Last year I did 72 weddings for the whole year.
hope that helps.
mpc
www.mypastrychef.com
We review our pricing on Sept 1. I actually put a notice on my website around the end of July to tell brides that if they book their event by August 31, they can hold current pricing for their future event. You wouldn't BELIEVE how much my phone starts ringing after I put this notice on the website!
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