Pricing ? Yet Another One! Need Advice
Business By yummy Updated 19 Dec 2006 , 7:59am by mypastrychef
I would like to start my business with rum cakes. I made one for a function two weeks ago, and got rave reviews. This weekend I made rum cupcakes and cut them into bite size piecies and distributed them amongst family,friends and members of my church and communtity. Again, I got nothing but rave reviews. Here's my dilemma, I want to charge $25 per cake (the ingredients are rum, nuts, butter, sugar, oil, eggs, cake mix; plus the glaze has rum,butter and sugar.) In the area where I live people tend to not want to try new things, and they tend to make comments that lead me to believe that they are cheap. I've heard comments that they think that $25 is too much. What do all my cc friends think about this. I'm I charging too much? Should I lower my price to get my foot in the door? What do you think is a fair price if I need to lower? Also the cake is a 9" fluted bundt and the nuts are baked on the bottom then when inverted it is now nut encrusted on top with butter rum glaze over it. ( I am using real jamaican rum throughout the recipe and nuts are very expensive where I live.)
that sounds yummy, and if you're getting rave reviews, people will pay.
I charge $35 for dessert cakes with alcohol. I sell a 8"choc rum cake for $35 and a 1/4 choc rum $60 and I sell a couple a month.
mpc
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